BP Midstream Partners LP Announces Unaudited Consolidated Earnings Results for the First Quarter of 2018; Provides Revenue Guidance for the Year 2018 and Earngings Guidance for the Second Quarter of 2018
The company provided revenue guidance for the year 2018. First quarter average revenue per barrel on a portfolio basis was slightly lower compared to the fourth quarter. However, on a full year basis, the company expects average revenue per barrel to be broadly flat compared to 2017, calculated on a like-for-like basis.
The company expects adjusted EBITDA on the second quarter 2018 to be lower the first quarter.