Summit Midstream Partners LP

Summit Midstream Partners LP engages in the development, ownership, and operation of midstream energy infrastructure assets that are located in unconventional resource basins, primarily shale formations. It operates through the following segments: Utica Shale, Ohio Gathering, Williston Basin, DJ Basin, Permian Basin, Piceance Basin, Barnett Shale, and Marcellus Shale. The company was founded by Steven J. Newby in May 2012 and is headquartered in Houston, TX.

Earnings data Q3 2020

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q3 2024

Summit Midstream excels in Q1 earnings, eyes growth opportunities

Summit Midstream Partners LP (SMLP) delivered strong financial and operational results in Q1 2024, showcasing resilience and strategic focus.
The company's successful strategic review, asset sales, and emphasis on acquisitions position it well for growth opportunities.
While facing challenges such as market volatility and C-Corp conversion, Summit Midstream remains poised to capitalize on opportunities and drive value creation.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Summit Midstream Partners is a growth-oriented master limited partnership focused on owning, operating, developing, and acquiring strategically located midstream infrastructure assets in unconventional resources.

Forum Energy Technologies

Martin Midstream Partners

Nine Energy Service

PBF Energy

If you want to invest in oil, you need to find hidden assets that other energy investors have somehow missed. The post My Top Energy Pick for April 2022 appeared first on InvestorPlace.

My Top Energy Pick for April 2022

HOUSTON , April 19, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership", "SMLP" or "Summit") announced today that it will report operating and financial results for the first quarter of 2022 on Tuesday, May 3, 2022, after the close of trading on the New York Stock Exchange. SMLP will host a conference call at 10:00 a.m.

Summit Midstream Partners, LP Schedules First Quarter 2022 Earnings Call

Peabody Energy

Enservco

Kinross Gold

AdvisorShares Pure Cannabis ETF 

Did you miss out on your chance to invest in oil and wheat? These second-order stocks still give you a chance to get in on the trends.

Oil and Wheat? The Big Money Is Actually in Gold (and Cannabis!

Summit Midstream Partners has seen its stock price languish back down despite solving its 2022 debt obligations.

Whoops! The Market Forgot About Summit Midstream Partners

Summit Midstream Partners, LP (SMLP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

What Makes Summit Midstream Partners, LP (SMLP) a New Buy Stock

HOUSTON , March 14, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that its 2021 tax packages, including the Schedule K-1, are now available online and may be accessed at https://partnerdatalink.com/Summit. SMLP will also begin mailing the 2021 tax packages to unitholders this week.

Summit Midstream Partners, LP Announces 2021 K-1 Tax Package Availability

This is a detailed look at why I would argue Summit's FY 2022 Adj. EBITDA guidance is conservative.

Summit Midstream: A Granular Look At Its (Super) Conservative FY 2022 Guidance

HOUSTON, Feb. 28, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that Rommel M. Oates has been appointed to the Board of Directors of its general partner, Summit Midstream GP, LLC (the "Board").

Summit Midstream Partners, LP Announces the Appointment of Rommel M. Oates to the Board of Directors of its General Partner

Summit Midstream Partners, LP (SMLP) CEO Heath Deneke on Q4 2021 Results - Earnings Call Transcript

HOUSTON, Feb. 25, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today its financial and operating results for the three months ended December 31, 2021, including net loss of $16.2 million, adjusted EBITDA of $54.7 million and DCF of $29.9 million.  Operated natural gas throughput from wholly owned assets averaged 1,307 million cubic feet per day ("MMcf/d") and liquids throughput averaged 62 thousand barrels per day ("Mbbl/d").

Summit Midstream Partners, LP Reports Fourth Quarter and Full Year 2021 Financial and Operating Results & Provides Full Year 2022 Guidance

HOUSTON, Feb. 16, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership", "SMLP" or "Summit") announced today that it will report operating and financial results for the fourth quarter of 2021 on Friday, February 25, 2022, before the start of trading on the New York Stock Exchange, and that it has new business segments for the reporting of its financial results, beginning with its 2021 fourth quarter and annual results. Fourth Quarter 2021 Earnings Call SMLP will host a conference call at 10:00 a.m.

Summit Midstream Partners, LP Schedules Fourth Quarter 2021 Earnings Call and Announces New Business Segments

HOUSTON, Feb. 8, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that Marc Stratton, the Executive Vice President and Chief Financial Officer of Summit Midstream GP, LLC (the "Company") will be departing the Company to pursue other interests.  Mr. Stratton's employment with the Company will terminate effective March 4, 2022.

Summit Midstream Partners, LP Announces Senior Leadership Changes

HOUSTON, Jan. 14, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today the final results of its offer to exchange (the "Exchange Offer") any and all of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Liquidation Preference $1,000) (the "Series A Preferred Units") tendered in the Exchange Offer for newly issued common units representing limited partner interests in the Partnership (the "Common Units"), which expired at 11:59 p.m., New York City time, on January 12, 2022.

Summit Midstream Partners, LP Announces Final Results of Series A Preferred Unit Exchange Offer

HOUSTON, Jan. 13, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today the preliminary results of its offer to exchange (the "Exchange Offer") any and all of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Liquidation Preference $1,000) (the "Series A Preferred Units") tendered in the Exchange Offer for newly issued common units representing limited partner interests in the Partnership (the "Common Units"), which expired at 11:59 p.m., New York City time, on January 12, 2022 (the "Expiration Date").

Summit Midstream Partners, LP Announces Preliminary Results of Series A Preferred Unit Exchange Offer

HOUSTON, Jan. 7, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today updates regarding its offer to exchange (the "Exchange Offer") any and all of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the "Series A Preferred Units") tendered in the Exchange Offer for newly issued common units representing limited partner interests in the Partnership (the "Common Units"). As of the close of business on January 6, 2022, based on information provided by American Stock Transfer & Trust Company, LLC, the depositary of the Exchange Offer, and including the Series A Preferred Units covered by the tender and support agreement, 46,203 Series A Preferred Units had been properly tendered (and not validly withdrawn) or committed for exchange by several holders of the Series A Preferred Units, which represents approximately 32.2% of the total Series A Preferred Units outstanding.

Summit Midstream Partners, LP Provides Update on Series A Preferred Unit Exchange Offer

Summit Midstream Partners has removed the bankruptcy risk it faces, however, the market still has not responded.

Summit Midstream Partners Deserves More From The Market

HOUSTON, Dec. 14, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it has commenced an offer to exchange (the "Exchange Offer") any and all of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Liquidation Preference $1,000) (the "Series A Preferred Units") tendered in the Exchange Offer for newly issued common units representing limited partner interests in the Partnership (the "Common Units"). For each Series A Preferred Unit that is accepted in the Exchange Offer, the holder will receive 38 Common Units.

Summit Midstream Partners, LP Announces Series A Preferred Unit Exchange Offer

HOUSTON, Texas, Nov. 18, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that Double E Pipeline, LLC ("Double E"), a joint venture in which SMLP owns a 70% equity interest and serves as operator, has commenced operations.  Double E is a 135 mile FERC-regulated natural gas pipeline that provides natural gas transportation services from southeast New Mexico and west Texas to downstream pipeline interconnections in the Waha Hub region.

Summit Midstream Partners, LP Announces Commencement of Service on Double E Pipeline

Summit Midstream delivered another solid quarter in Q3 FY 2021 and its conference call was filled with favorable leading indicators as producers in its systems signaled increasing drilling activity. Summit's Double E Pipeline (off-balance sheet) comes online in December 2021, and this should generate $45 million in proportional Adj. EBITDA as the system ramps up.

Summit Midstream: Seeing The Forest For The Trees

Summit Midstream Partners is focused on a new set of debt offerings that should enable the company to rollover its soon-to-be-due debt. We expect the company to survive bankruptcy threats and use its strong cash flow to drive shareholder rewards.

Summit Midstream Partners' Debt Offering Points Towards Survival

Summit Midstream Partners, LP (SMLP) CEO Heath Deneke on Q3 2021 Results - Earnings Call Transcript

HOUSTON, Nov. 4, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today its financial and operating results for the three months ended September 30, 2021, including net income of $7.0 million, adjusted EBITDA of $61.1 million and DCF of $45.7 million.  Operated natural gas throughput averaged 1,333 million cubic feet per day ("MMcf/d") and liquids throughput averaged 63 thousand barrels per day ("Mbbl/d").

Summit Midstream Partners, LP Reports Third Quarter 2021 Financial and Operating Results

Summit Midstream Partners (NYSE:SMLP) is set to give its latest quarterly earnings report on Thursday, 2021-11-04. Here's what investors need to know before the announcement.

Earnings Preview: Summit Midstream Partners

HOUSTON, Nov. 2, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that Summit Midstream Holdings, LLC, a Delaware limited liability company ("Summit Holdings"), and Summit Midstream Finance Corp., a Delaware corporation (together with Summit Holdings, the "Co-Issuers"), which are subsidiaries of the Partnership, closed a private offering (the "Offering") of $700,000,000 aggregate principal amount of 8.50% Senior Secured Second Lien Notes due 2026 (the "Notes"). Concurrently with the closing of the Offering and the issuance of the Notes, Summit Holdings, as borrower, entered into a first-lien, senior secured credit agreement with the Partnership, certain subsidiaries of the Partnership party thereto, Bank of America, N.A.

Summit Midstream Partners, LP Announces Closing of Private Offering of $700 Million Senior Secured Second Lien Notes and $400 Million Asset-Based Credit Facility

HOUSTON, Oct. 25, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it will report operating and financial results for the third quarter of 2021 on Thursday, November 4, 2021, before the start of trading on the New York Stock Exchange. SMLP will host a conference call at 10:00 a.m.

News for Summit Midstream Partners LP Stock (SMLP)