Rhea-AI Summary
Oasis Midstream Partners LP (OMP) announced its Q2 2020 financial results, reporting a net income of $22.7 million and adjusted EBITDA of $40 million. The partnership declared a cash distribution of $0.54 per unit. DCF was $20.4 million with a coverage ratio of 1.1x. Notably, Delaware Basin crude oil volumes surged nearly 300% to 12.6 Mbopd, while produced water volumes rose 70%. OMP forecasts a total CapEx of $25-30 million for 2020, significantly lower than previous guidance. The partnership remains focused on maintaining operational reliability amidst market volatility.
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