CNX Midstream Partners LP (CNX Midstream Partners LP) Debt-to-EBITDA : 3.56 (As of Jun. 2020)

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What is CNX Midstream Partners LP Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

CNX Midstream Partners LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2020 was $0.0 Mil. CNX Midstream Partners LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2020 was $713.6 Mil. CNX Midstream Partners LP's annualized EBITDA for the quarter that ended in Jun. 2020 was $200.4 Mil. CNX Midstream Partners LP's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2020 was 3.56.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for CNX Midstream Partners LP's Debt-to-EBITDA or its related term are showing as below:

CNXM' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.43 Med: 1.01 Max: 3.05
Current: 2.99

During the past 8 years, the highest Debt-to-EBITDA Ratio of CNX Midstream Partners LP was 3.05. The lowest was 0.43. And the median was 1.01.

CNXM's Debt-to-EBITDA is not ranked
in the Oil & Gas industry.
Industry Median: 1.76 vs CNXM: 2.99

CNX Midstream Partners LP Debt-to-EBITDA Historical Data

The historical data trend for CNX Midstream Partners LP's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CNX Midstream Partners LP Debt-to-EBITDA Chart

CNX Midstream Partners LP Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Debt-to-EBITDA

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0.56

1.09

0.93

2.56

3.05

CNX Midstream Partners LP Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Debt-to-EBITDA	Get a 7-Day Free Trial															2.49	2.76	2.72	2.96	3.56

Competitive Comparison of CNX Midstream Partners LP's Debt-to-EBITDA

For the Oil & Gas Midstream subindustry, CNX Midstream Partners LP's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CNX Midstream Partners LP's Debt-to-EBITDA Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, CNX Midstream Partners LP's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where CNX Midstream Partners LP's Debt-to-EBITDA falls into.

CNX Midstream Partners LP Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

CNX Midstream Partners LP's Debt-to-EBITDA for the fiscal year that ended in Dec. 2019 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	705.912)	/	231.849
	=	3.04

CNX Midstream Partners LP's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2020 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	713.635)	/	200.388
	=	3.56

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2020) EBITDA data.

CNX Midstream Partners LP (NYSE:CNXM) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

CNX Midstream Partners LP Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of CNX Midstream Partners LP's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

CNX Midstream Partners LP (CNX Midstream Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CNX Midstream Partners LP (NYSE:CNXM) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

1000 Consol Energy Drive, CNX Center, Canonsburg, PA, USA, 15317-6506

Website

http://www.cnxmidstream.com

CNX Midstream Partners LP is a US-based limited partnership which is established to own, operate, develop and acquire natural gas gathering and other midstream energy assets. The company's assets include natural gas gathering pipelines and compression and dehydration facilities, as well as condensate gathering, collection, separation, and stabilization facilities. CONE operates through two segments i.e. Anchor Systems, and Additional Systems. The Anchor Systems includes three primary midstream systems i.e. the McQuay System, the Majorsville System, and the Mamont System. The Additional Systems include several gathering systems which are located in the wet gas regions. It generates maximum revenue from Anchor Systems.

Executives

Raymond T Betler	director	1001 AIR BRAKE AVENUE, WILMERDING PA 15148
John Earl Jackson	director	12001 NORTH HOUSTON ROSSLYN, HOUSTON TX 77086
N J Deiuliis	director, officer: Chairman and CEO	1800 WASHINGTON RD., PITTSBURGH PA 15421-4000
Donald W. Rush	director, officer: Chief Financial Officer	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Jason L. Mumford	officer: Chief Accounting Officer	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Chad A Griffith	director, officer: President and COO	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
John A Maher	director	CNX CENTER 1000 CONSOL ENERGY DRIVE CANONSBURG PA 15317
Angela A Minas	director	3262 WESTHEIMER ROAD #627, HOUSTON TX 77098
Cnx Resources Corp	director, 10 percent owner	CNX CENTER, 1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Cnx Gas Co Llc	10 percent owner	1800 WASHINGTON RD PITTSBURGH PA 15241-1421
Cnx Gas Corp	10 percent owner	CNX CENTER 1000 CONSOL ENERGY DRIVE CANONSBURG PA 15317
Brian Robert Rich	officer: CHIEF ACCOUNTING OFFICER	C/O CONE MIDSTREAM PARTNERS LP 1000 CONSOL ENERGY DRIVE CANONSBURG PA 15317
Hayley Scott	director	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Nbl Midstream, Llc	10 percent owner	1001 NOBLE ENERGY WAY HOUSTON TX 77070
Noble Energy Inc	10 percent owner	1001 NOBLE ENERGY WAY HOUSTON TX 77070