Summit Midstream Partners LP (SMLP)

NYSE: SMLP · IEX Real-Time Price · USD
16.62
+0.30 (1.84%)
Aug 19, 2022 4:00 PM EDT - Market closed
1.84%
Market Cap 168.96M
Revenue (ttm) 396.45M
Net Income (ttm) -157.19M
Shares Out 10.17M
EPS (ttm) -4.20
PE Ratio n/a
Forward PE 5.44
Dividend n/a
Ex-Dividend Date n/a
Volume 41,181
Open 16.11
Previous Close 16.32
Day's Range 16.02 - 17.28
52-Week Range 11.52 - 39.35
Beta 2.61
Analysts Sell
Price Target 17.34 (+4.3%)
Earnings Date Aug 4, 2022

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... [Read more...]

Industry Oil, Gas & Consumable Fuels
IPO Date Sep 28, 2012
Employees 209
Stock Exchange NYSE
Ticker Symbol SMLP
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for SMLP stock is "Sell." The 12-month stock price forecast is 17.34, which is an increase of 4.33% from the latest price.

Price Target
$17.34
(4.33% upside)
Analyst Consensus: Sell
Stock Forecasts

News

Summit Midstream Partners, LP Reports Second Quarter 2022 Financial and Operating Results

Second quarter 2022 net loss of $91.8 million, adjusted EBITDA of $50.5 million and cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $25.6 million Adjusted EBITDA was impact...

Summit Midstream Partners, LP Schedules Second Quarter 2022 Earnings Call

HOUSTON , July 21, 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 sec...

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Summit Midstream Partners, LP Announces Closing of Lane Gathering and Processing System Sale to a Subsidiary of Matad...

HOUSTON , June 30, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today that its wholly owned subsidiary, Summit Midstream Holdings, LL...

Summit Midstream Partners, LP Announces Sale of its Lane Gathering and Processing System in the Delaware Basin to a S...

Cash sale price of $75 million reduces SMLP's total leverage by ~0.3x and increases its liquidity and financial flexibility for reinvestment Expands Double E's commercial relationship with Matador, a to...

Summit Midstream Partners, LP Announces Adjournment of Annual Meeting and Information for Reconvened Annual Meeting

HOUSTON , May 26, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership" or "SMLP") announced today that its 2022 annual meeting of limited partners initially convened and pa...

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Other symbols: CRSPENSVLGVNMMLPVOLT

Summit Midstream Partners, LP Announces Partial Adjournment of Annual Meeting and Information for Reconvened Annual M...

HOUSTON , May 11, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership" or "SMLP") announced today that its 2022 annual meeting of limited partners (the "Annual Meeting") sc...

Summit Midstream Partners, LP Reports First Quarter 2022 Financial and Operating Results

First quarter 2022 net loss of $5 thousand, adjusted EBITDA of $56.8 million and cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $31.8 million Generated significant free ca...

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Other symbols: FETMMLPNINEPBF

Summit Midstream Partners, LP Schedules First Quarter 2022 Earnings Call

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 fi...

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Other symbols: BTUENSVKGCMMLPPBFYOLO

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

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).

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

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 a...

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

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 par...

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

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 D...

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

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 four...

Summit Midstream Partners, LP Announces Senior Leadership Changes

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 Summi...

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

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...

Summit Midstream Partners, LP Announces Preliminary 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 ...

Summit Midstream Partners, LP Provides Update on 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 9.5...

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

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...

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

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 ...

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

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 Se...

Earnings Preview: Summit Midstream Partners

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.