Oasis Midstream Partners LP (OMP) will raise its quarterly distribution by 1.9 percent to 55 cents per unit. The next distribution of $0.55 per unit will be paid on May 27, 2021.
The annual distribution rate of $2.20 translates into an estimated yield of 9.2% based on a stock price of $23.54 for OMP.
Oasis Midstream Partners LP is a master limited partnership company. The Company is formed to own, develop, operate and acquire a diversified portfolio of midstream assets in North America that are integral to the oil and natural gas operations exclusively within the Williston Basin. Oasis Midstream initiated a distribution in 2018 and has not cut its payments since.