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

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Earnings data Q1 2022

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Earnings data Q1 2023

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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.

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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.

HOUSTON, March 23, 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 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 30 Common Units, which is an increase of approximately 11% more than the previous offer of 27 Common Units for each Series A Preferred Unit properly tendered (and not validly withdrawn).

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

HOUSTON, March 16, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that its 2020 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 2020 tax packages to unitholders later this week.

Summit Midstream Partners, LP Announces 2020 K-1 Tax Package Availability

HOUSTON, March 9, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that it has filed its 2020 Annual Report on Form 10-K with the Securities and Exchange Commission. This report contains SMLP's audited financial statements for the fiscal year ended December...

Summit Midstream Partners, LP Files 2020 Annual Report on Form 10-K

HOUSTON, March 8, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that its wholly-owned, indirect subsidiary, Summit Permian Transmission, LLC, has closed on its previously announced $175 million of senior secured credit facilities (the "Credit Facilities")...

Summit Midstream Partners, LP Announces Closing of Financing for the Double E Pipeline Project

Summit Midstream Partners, LP (SMLP) CEO Heath Deneke on Q4 2020 Results - Earnings Call Transcript

HOUSTON, March 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 December 31, 2020, including net income of $103.0 million, adjusted EBITDA of $61.8...

Summit Midstream Partners, LP Reports Fourth Quarter 2020 Financial and Operating Results and Confirms 2021 Financial Guidance

HOUSTON, Feb. 25, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP," or the "Partnership") announced today it is rescheduling its fourth quarter 2020 earnings release and conference call. The Partnership plans to report operating and financial results for...

Summit Midstream Partners, LP Reschedules its Fourth Quarter 2020 Earnings Release and Conference Call

HOUSTON, Feb. 16, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP," or the "Partnership") announced today preliminary financial and operating results for the three months ended December 31, 2020 and also provided full year 2021 financial guidance. The...

Summit Midstream Partners, LP Provides Preliminary Fourth Quarter 2020 Results and Full Year 2021 Financial Guidance

Summit Midstream Partners (SMLP) has moved higher as of late, but there could definitely be trouble on the horizon for this company.

Summit Midstream (SMLP) is Overbought: Is A Drop Coming?

HOUSTON, Feb. 2, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership" or "SMLP") announced today that its wholly-owned, indirect subsidiary, Summit Permian Transmission, LLC, has received $175 million of commitments from three leading commercial banks to...

Summit Midstream Partners, LP Announces $175 million of Financing Commitments for its Double E Pipeline Project and Schedules Fourth Quarter 2020 Earnings Call

Summit Midstream Partners has performed incredibly well recently with spending improvements and its approved Double E Pipeline. The company's management performed incredibly well throughout 2020, however, it still has some massive debt due in 2022.

Summit Midstream Partners: Double E Pipeline Wins Approval

HOUSTON, Jan. 12, 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 the pipeline's operator and construction manager, received...

Summit Midstream Partners, LP Announces Achievement of Key Milestones for the Double E Pipeline Project Including Receipt of the Notice to Proceed from the FERC

HOUSTON, Dec. 24, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today the preliminary results of its offer to purchase (the "Tender Offer") for cash up to $25,000,000.00 aggregate purchase price of its 9.50% Series A Fixed-to-Floating Rate...

Summit Midstream Partners, LP Announces Preliminary Results of Cash Tender Offer for Its Series A Preferred Units

HOUSTON, Dec. 18, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that its wholly owned subsidiary, Summit Midstream Holdings, LLC, has executed an amendment of its revolving credit facility (the "Revolver"). The Revolver, which is...

Summit Midstream Partners, LP Announces Revolving Credit Facility Amendment

HOUSTON, Dec. 10, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it has further amended its previously announced offer to purchase (the "Tender Offer") for cash up to $25,000,000.00 aggregate purchase price of its 9.50% Series A...

Summit Midstream Partners, LP Announces Second Amendment to Cash Tender Offer for Its Series A Preferred Units

Summit Midstream Partners is priced for bankruptcy, with debt >15x its market capitalization, trading at a substantial discount. The company has bought back debt and preferred stock at great rates, attempting to keep the business afloat.

Summit Midstream Partners: Despite The Bankruptcy Risk, Management's Moves Make This Worth A Cautious Investment

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HOUSTON, Dec. 3, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that it has received written notification from the New York Stock Exchange (the "NYSE") that it has regained compliance with the NYSE's continued listing standard. As a result of the recent...

Summit Midstream Partners, LP Regains Compliance with NYSE Minimum Price Continued Listing Standard

HOUSTON, Nov. 24, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it has amended its previously announced offer to purchase (the "Tender Offer") for cash up to $25,000,000.00 aggregate purchase price of its 9.50% Series A...

Summit Midstream Partners, LP Announces Amendment to Cash Tender Offer for Its Series A Preferred Units

HOUSTON, Nov. 16, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that substantially all closing conditions to the previously announced consensual Term Loan restructuring transaction (the "TL Restructuring") involving its wholly owned, indirect subsidiary,...

Summit Midstream Partners, LP Announces Anticipated Closing Date of SMP Holdings' Term Loan Restructuring & Concurrent Full Settlement of DPPO

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HOUSTON, Nov. 10, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it will commence an offer to purchase (the "Tender Offer") for cash up to $25,000,000.00 aggregate purchase price (the "Maximum Aggregate Purchase Price") of its...

Summit Midstream Partners, LP Announces Cash Tender Offer for Its Series A Preferred Units

Summit Midstream Partners, LP (SMLP) CEO Heath Deneke on Q3 2020 Results - Earnings Call Transcript

HOUSTON, Nov. 6, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today its financial and operating results for the three months ended September 30, 2020, including net income of $25.6 million, adjusted EBITDA of $59.8 million and DCF of $37.6 million. Net income...

Summit Midstream Partners, LP Reports Third Quarter 2020 Financial and Operating Results

HOUSTON, Oct. 30, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership" or "SMLP") announced today that the Board of Directors of its general partner has approved a 1-for-15 reverse unit split on its common units representing limited partner interests in the...

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