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

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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.

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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.

Summit Midstream successfully refinancing just shy of $1 billion of 2022 debt. This would have thought to have been unthinkable a mere 12 months ago.

Summit Midstream: With The Refinancing Completed, This Is A Good Way To Play Natural Gas

HOUSTON, Oct. 19, 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, priced a private offering (the "Offering") of $700,000,000 aggregate principal amount of 8.50% Senior Secured Second Lien Notes due 2026 (the "Notes") at a price of 98.5% of their face value. The Notes will pay interest semi-annually on April 15 and October 15 of each year, commencing on April 15, 2022, and will be jointly and severally guaranteed, on a senior second-priority secured basis, by the Partnership and each restricted subsidiary of the Partnership (other than the Co-Issuers) that is an obligor under the credit agreement by and among Summit Holdings, as borrower, Bank of America, N.A.

Summit Midstream Partners, LP Announces Pricing of Private Offering of $700 Million Senior Secured Second Lien Notes

The stock price of Summit Midstream Partners LP (NYSE: SMLP) increased by over 7% today. This is why it happened.

SMLP Stock: Why It Increased Today

HOUSTON, Oct. 13, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that, subject to market and other conditions, 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, commenced a private offering (the "Offering") of up to $700,000,000 aggregate principal amount of Senior Secured Second Lien Notes due 2026 (the "Notes"). The Notes are expected to pay interest semi-annually and will be jointly and severally guaranteed, on a senior second-priority secured basis, by the Partnership and each restricted subsidiary of the Partnership (other than the Co-Issuers) that is an obligor under the credit agreement by and among Summit Holdings, as borrower, Bank of America, N.A.

Summit Midstream Partners, LP Announces Private Offering of $700 Million Senior Secured Second Lien Notes and Conditional Redemption of 5.50% Senior Notes due 2022

Summit Midstream Partners, LP (SMLP) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Why Fast-paced Mover Summit Midstream Partners, LP (SMLP) Is a Great Choice for Value Investors

Summit Midstream Partners has an impressive portfolio of assets it's continuing to develop such as the Double E pipeline.

Summit Midstream Partners Is Well On The Road To Recovery

Summit Midstream Partners (SMLP) has been struggling lately, but the selling pressure may be coming to an end soon.

Summit Midstream Partners (SMLP) Sees Hammer Chart Pattern: Time to Buy?

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Summit Midstream Partners' (SMLP) CEO Heath Deneke on Q2 2021 Results - Earnings Call Transcript

HOUSTON, Aug. 6, 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 June 30, 2021, including a net loss of $19.7 million, adjusted EBITDA of $62.1 million and DCF of $46.5 million.  Net loss for the quarter included $31.5 million of non-cash charges including (i) a $19.3 million loss contingency accrual related to a previously disclosed incident dating back to a 2015 release of produced water from a pipeline owned by Meadowlark Midstream and (ii) an $12.2 million accrual related to Energy Capital Partners' full exercise of equity warrants in exchange for 414,477 SMLP common units.

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

HOUSTON, Aug. 5, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") today announced that it has entered into criminal and civil agreements to resolve previously disclosed government investigations into the discovery, in January 2015 of a discharge of produced water into Blacktail Creek, near Marmon, North Dakota ("2015 Blacktail Release") and failure to report the spill on a timely basis. The discharge emanated from a ruptured pipeline owned by a Summit operating subsidiary, Meadowlark Midstream Company, LLC ("Meadowlark"), which at the time, was a subsidiary of, and operated by, Summit Midstream Partners, LLC, the parent entity of SMLP ("Summit Investments," together with Meadowlark, the "Companies").

Summit Midstream Partners, LP Announces Agreements to Resolve 2015 Discovery of Produced Water Release

HOUSTON, Aug. 2, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it will report operating and financial results for the second quarter of 2021 on Friday, August 6, 2021, before the start of trading on the New York Stock Exchange. SMLP will host a conference call at 10:00 a.m.

Summit Midstream Partners, LP Schedules Second Quarter 2021 Earnings Call

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Summit Midstream Partners, LP (SMLP) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Despite Fast-paced Momentum, Summit Midstream Partners, LP (SMLP) Is Still a Bargain Stock

Summit Midstream Partners, LP (SMLP) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Summit Midstream Partners, LP (SMLP) Surges 9.6%: Is This an Indication of Further Gains?

Summit Midstream Partners, LP is trying to roll over debt in the amount of 4.34x 2021 EBITDA, with most of that debt due in March 2022. If Summit rolls over its 2022 maturities at rates analogous to recent debt issuances by other oil and gas companies, there could be significant upside.

Summit Midstream Partners: A Wager On The Credit Markets' Appetite For Risk

HOUSTON, June 21, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") today announced an increase to its full year 2021 financial guidance, including a new adjusted EBITDA range of $225 million to $240 million which, at the midpoint, represents an increase of 5.7% from the original guidance range of $210 million to $230 million.  Management now expects total indebtedness as of June 30, 2021, net of unrestricted cash on hand, to be reduced by approximately $82 million, which is nearly 6% lower than the outstanding net debt balance as of December 31, 2020.

Summit Midstream Partners, LP Provides Updated 2021 Financial Guidance

Summit Midstream Partners, LP (SMLP) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Summit Midstream Partners, LP (SMLP) Upgraded to Buy: What Does It Mean for the Stock?

Summit Midstream Partners, LP (SMLP) Is Attractively Priced Despite Fast-paced Momentum

Summit Midstream Partners, LP (SMLP) CEO Heath Deneke on Q1 2021 Results - Earnings Call Transcript

HOUSTON, May 7, 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 March 31, 2021, including net income of $9.0 million, adjusted EBITDA of $60.4 million and DCF of $46.2 million. Operated natural gas volume throughput averaged 1,346 million cubic feet per day ("MMcf/d") and liquids volume throughput averaged 65 thousand barrels per day ("Mbbl/d").

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

Summit Midstream Partners is a high-risk investment, however, that doesn't make it a poor investment for shareholders. The company aggressively paid down debt in 2020 and faces 2021 growth from $130 million in FCF and its Double E Pipeline.

Summit Midstream Partners Is A Great Investment

HOUSTON, April 14, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it will report operating and financial results for the first quarter of 2021 on Friday, May 7, 2021, before the start 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 2021 Earnings Call

HOUSTON, April 7, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it has amended its offer to exchange (the "Exchange Offer") 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 up to 2,400,000 newly issued common units representing limited partner interests in the Partnership (the "Common Units"). The Partnership has extended the expiration date of the Exchange Offer to 11:59 p.m.

News for Summit Midstream Partners LP Stock (SMLP)