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Summit Midstream Partners LP (SMLP)

NYSE: SMLP · IEX Real-Time Price · USD
34.67 -0.43 (-1.23%)
Oct 22, 2021 4:00 PM EDT - Market closed
Market Cap233.85M
Revenue (ttm)385.92M
Net Income (ttm)197.25M
Shares Out6.66M
EPS (ttm)36.89
PE Ratio0.94
Forward PE4.32
Dividendn/a
Ex-Dividend Daten/a
Volume14,706
Open35.10
Previous Close35.10
Day's Range34.09 - 35.50
52-Week Range9.63 - 46.64
Beta3.23
AnalystsSell
Price Target27.00 (-22.1%)
Est. Earnings DateNov 5, 2021

About SMLP

Summit Midstream Partners, LP focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. The company provides natural gas gathering, compression, treating, and processing services, as well as crude oil and produced water gathering services. Its unconventional resource basins include the Utica and Point Pleasant shale formations in southeastern Ohio; the Williston Basin that consists of the Bakken and Three Forks shale formations in northwestern North Dakota; t...

IndustryOil, Gas & Consumable Fuels
IPO DateSep 28, 2012
Employees220
Stock ExchangeNYSE
Ticker SymbolSMLP
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for SMLP stock is "Sell." The 12-month stock price forecast is 27.00, which is a decrease of -22.12% from the latest price.

Price Target
$27.00
(-22.12% downside)
Analyst Consensus: Sell

News

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

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 H...

3 days ago - PRNewsWire

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

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 Dela...

1 week ago - PRNewsWire

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

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 ...

1 month ago - Zacks Investment Research

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

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

1 month ago - Zacks Investment Research

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

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 Ju...

2 months ago - PRNewsWire

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

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...

2 months ago - PRNewsWire

Summit Midstream Partners, LP Schedules Second Quarter 2021 Earnings Call

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...

2 months ago - PRNewsWire

Top Ranked Momentum Stocks to Buy for July 29th

SMLP, TFII, SAH, and CBRE made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 29, 2021.

Other symbols:CBRESAHTFII
2 months ago - Zacks Investment Research

4 Oil Pipeline Stocks to Gain on Recovering Midstream Asset Demand

Demand for pipeline and storage assets is recovering on rising production volumes of commodities. This is brightening up the outlook for the Zacks Oil and Gas - Pipeline MLP industry, putting the spotli...

Other symbols:EPDETSHLX
2 months ago - Zacks Investment Research

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

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 se...

3 months ago - Zacks Investment Research

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

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 s...

3 months ago - Zacks Investment Research

Summit Midstream Partners, LP Provides Updated 2021 Financial Guidance

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 ...

4 months ago - PRNewsWire

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

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.

4 months ago - Zacks Investment Research

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

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 ...

4 months ago - Zacks Investment Research

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

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 Mar...

5 months ago - PRNewsWire

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

HOUSTON, April 15, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today the final results of its offer to exchange (the "Exchange Offer") its 9.50% Series ...

6 months ago - PRNewsWire

Summit Midstream Partners, LP Schedules First Quarter 2021 Earnings Call

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 o...

6 months ago - PRNewsWire

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

HOUSTON, April 14, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today preliminary results regarding its offer to exchange (the "Exchange Offer") its 9.50...

6 months ago - PRNewsWire

Summit Midstream Partners, LP Announces Extension of Expiration Date in Series A Preferred Unit Exchange Offer

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 ...

6 months ago - PRNewsWire

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

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...

6 months ago - PRNewsWire

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

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...

7 months ago - PRNewsWire

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

HOUSTON, March 10, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it has commenced an offer to exchange (the "Exchange Offer") its 9.50% Series ...

7 months ago - PRNewsWire

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

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 ...

7 months ago - PRNewsWire

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

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 previous...

7 months ago - PRNewsWire

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

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 D...

7 months ago - PRNewsWire