Summit Midstream Corporation (SMC)
Market Cap | 393.26M |
Revenue (ttm) | 469.64M |
Net Income (ttm) | 70.27M |
Shares Out | 10.65M |
EPS (ttm) | 6.54 |
PE Ratio | 5.64 |
Forward PE | n/a |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 29,220 |
Open | 36.66 |
Previous Close | 36.37 |
Day's Range | 36.04 - 37.52 |
52-Week Range | 13.00 - 40.75 |
Beta | 2.45 |
Analysts | n/a |
Price Target | n/a |
Earnings Date | Aug 8, 2024 |
About SMC
Summit Midstream Corporation focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. It operates natural gas, crude oil, and produced water gathering systems in four unconventional resource basins, including the Williston Basin in North Dakota, which includes the Bakken and Three Forks shale formations; the Denver-Julesburg Basin that consists of the Niobrara and Codell shale formations in Colorado and Wyoming; the Fort Worth Basin in Texas, which comprises... [Read more]
Financial Performance
In 2023, SMC's revenue was $459.84 million, an increase of 24.10% compared to the previous year's $370.53 million. Losses were -$63.09 million, -50.58% less than in 2022.
Financial numbers in USD Financial StatementsNews
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Summit Midstream Corporation Reports Second Quarter 2024 Financial and Operating Results of Summit Midstream Partners, LP
HOUSTON , Aug. 8, 2024 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today the financial and operating results of Summit Midstream Partners, LP ...
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Common Stock of Summit Midstream Corporation to Commence Trading on NYSE on Thursday, August 1
HOUSTON , July 31, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership" or "SMLP"), announced today that it will complete the previously announced conversion (the "Corpor...
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Summit Midstream Partners Successfully Manages Debt And Corporation Conversion
Summit Midstream Partners has recovered from a downturn, delaying debt by 3 years and converting to a C-Corp, aligning for substantial shareholder returns. SMLP's capital stack shows improved financia...
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Independent Power Producers Sector Has Come Into Favor
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Summit Midstream Partners, LP Announces Expiration and Pricing Terms of Cash Tender Offer to Purchase Any and All of Its Subsidiaries' 8.500% Senior Secured Second Lien Notes Due 2026
HOUSTON , July 23, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP" or the "Partnership") announced today the results and the pricing terms of the previously announced...
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Summit Midstream: Refinancing And Conversion To C-Corp Could Mean A Double In The Stock
Summit Midstream has restructured debt, lowered interest expenses, and boosted cash flows after asset sales in Marcellus Basin. The company's conversion from an MLP to a c-corp will broaden shareholde...
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Summit Unitholders Approve Conversion to a C-Corporation
Summit Schedules Second Quarter 2024 Earnings Call and Announces 2023 K-3 Tax Form Availability HOUSTON , July 18, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP" or ...
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Summit Midstream Partners, LP Announces Pricing of Upsized Offering of $575 Million of Senior Secured Second Lien Notes Due 2029
HOUSTON , July 17, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP" or the "Partnership") announced today that Summit Midstream Holdings, LLC, which is a subsidiary of...
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Summit Midstream Partners, LP Announces Commencement of a Cash Tender Offer to Purchase Any and All of Its Subsidiaries' 8.500% Senior Secured Second Lien Notes Due 2026
HOUSTON , July 17, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP" or the "Partnership") announced today that Summit Midstream Holdings, LLC ("Holdings") and Summit M...
![](https://cdn.snapi.dev/images/v1/c/g/press1-2528821.jpg)
Summit Midstream Partners, LP Announces Proposed Offering of $500 million of Senior Secured Second Lien Notes Due 2029
HOUSTON , July 17, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP" or the "Partnership") announced today that Summit Midstream Holdings, LLC (the "Issuer"), which is ...
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Summit Midstream Partners Shows Its Continued Dedication To Shareholders
Summit Midstream Partners plans to convert to a C-corp with a 1:1 stock conversion, expected to close in the second half of 2024. The company maintains strong assets with an over 85% fixed fee-based g...
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Summit Advances Planned Conversion to C-Corporation to Facilitate Growth and Value Creation
Schedules July 18 th Special Meeting for Unitholder Approval: Recommends Common Unitholders Vote "FOR" C-Corporation Conversion Files Investor Presentation, Outlining Benefits for Summit Unitholders H...
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Summit Midstream Partners, LP Announces Expiration and Results for Asset Sale Offer to Purchase up to $215,000,000 Aggregate Principal Amount of Outstanding 8.500% Senior Secured Second Lien Notes Due 2026
HOUSTON , June 6, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP" or the "Partnership") today announced the expiration and results of the previously announced cash te...
![](https://cdn.snapi.dev/images/v1/g/x/press5-2414142.jpg)
Summit Midstream Partners, LP Announces Asset Sale Offer to Purchase up to $215,000,000 Aggregate Principal Amount of Outstanding 8.500% Senior Secured Second Lien Notes Due 2026
HOUSTON , May 7, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP" or the "Partnership") today announced that Summit Midstream Holdings, LLC ("Holdings") and Summit Mid...
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Summit Midstream Partners, LP Common Units (SMLP) Q1 2024 Earnings Call Transcript
Summit Midstream Partners, LP Common Units (NYSE:SMLP) Q1 2024 Earnings Conference Call May 3, 2024 10:00 AM ET Company Participants Randall Burton - Director, Investor Relations Heath Deneke - Presi...
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Antero Midstream Announces Bolt-On Acquisition, Increased 2024 Guidance and Redemption of 2026 Senior Notes
DENVER , May 2, 2024 /PRNewswire/ -- Antero Midstream Corporation (NYSE: AM) ("Antero Midstream" or the "Company") today announced a bolt-on acquisition of gathering and compression assets in the Marc...
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Summit Midstream Partners, LP Reports First Quarter 2024 Financial and Operating Results
HOUSTON , May 2, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today its financial and operating results for the three months ended ...
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Summit Midstream Partners, LP Schedules First Quarter 2024 Earnings Call and Announces Expiration and Results for Excess Cash Flow Offer to Purchase up to $19,331,000 Aggregate Principal Amount of Outstanding 8.500% Senior Secured Second Lien Notes Due 20
HOUSTON , April 25, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP" or the "Partnership") today announced it will report operating and financial results for the first...
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Summit Midstream Partners: The Market Has Yet To Understand Its Recent Success
Summit Midstream Partners sold Utica and Northeast assets to MPLX for $625 million, reducing debt and improving liquidity. The company's portfolio has become more focused on crude oil and the Double E...
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Double E Pipeline Announces Open Season for Available Capacity
HOUSTON , April 1, 2024 /PRNewswire/ -- Double E Pipeline, LLC ("Double E") announced today the launch of a non-binding open season ("Open Season") to solicit expressions of interest for firm transpor...
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Summit Midstream Partners, LP Announces Excess Cash Flow Offer to Purchase up to $19,331,000 Aggregate Principal Amount of Outstanding 8.500% Senior Secured Second Lien Notes Due 2026
HOUSTON , March 27, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP" or the "Partnership") today announced that Summit Midstream Holdings, LLC ("Holdings") and Summit ...
![](https://cdn.snapi.dev/images/v1/m/k/press19-2340858.jpg)
Summit Midstream Partners, LP Announces 2023 K-1 Tax Package Availability
HOUSTON , March 25, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today that its 2023 tax packages, including the Schedule K-1, are ...
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Summit Midstream Partners to sell Utica assets to MPLX for $625 mln
Pipeline operator Summit Midstream Partners said on Friday it would sell its Utica assets to a unit of midstream energy company MPLX LP for about $625 million in cash.
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Summit Midstream Partners, LP Announces Sale of Utica Position for $625 Million
Concludes Strategic Alternatives Process; Plans to Seek Approval from Unitholders to Convert to a C-Corp HOUSTON , March 22, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit"...