 HOUSTON, May 3, 2021 PRNewswire -- Oasis Midstream Partners LP NASDAQ: OMP OMP or the Partnership today announced financial and operating results for the first quarter of 2021, declared its first quarter 2021 distribution and updated its 2021 outlook. 1Q21 Operational and Financial Highlights: Acquired remaining interests in Bobcat DevCo and Beartooth DevCo from Oasis Petroleum and eliminated IDRs the Simplification; Completed private placement of 450.0MM in aggregate principal amount of 8.00 senior unsecured notes due 2029; Recently signed multiple incremental third-party contracts and continue to work a robust pipeline of new opportunities in the Williston and Permian Basins; Strong operational performance and recent acquisition lead to 1Q21 results above expectations and first distribution increase since 4Q19 - declaring 0.55 per unit cash distribution; Net income was 42.9MM and net cash from operating activities was 39.4MM; Adjusted EBITDA1 was 56.5MM and distributable cash flow1 DCF was 33.0MM. 