Segment & Geographic Data
Quant-Grade Normalized (live API)
API & CSV Delivery
Summit Midstream Partners Lp's Business Segments
Summit Midstream Partners Lp's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q2 FY2024
Reportable Segments
6
Largest Segment
Rockies
Total Revenue
$ 101
Regions Reported
-
Revenue Share by Reportable Segment - Q2 FY2024
- Rockies66%
- Piceance Basin19.7%
- Barnett Shale10.8%
- Northeast2%
- Permian Basin0.9%
- Other Operating0.6%
Revenue by Reportable Segment - Q2 FY2024
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Rockies | $ 67 | 66% |
| Piceance Basin | $ 20 | 19.7% |
| Barnett Shale | $ 11 | 10.8% |
3 more segments available
Sign in to unlock the full Summit Midstream Partners Lp dataset.
Revenue by Product & Service Category - Q2 FY2024
- Natural Gas N G L and Condensate Sales47.3%
- Oil and Condensate47.3%
- Gathering Services and Related Fees44.6%
- Natural Gas, Gathering, Transportation, Marketing and Processing44.6%
- Product and Service, Other7.4%
Revenue by Product & Service Category - Q2 FY2024
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Natural Gas N G L and Condensate Sales | $ 48 | 47.3% |
| Oil and Condensate | $ 48 | 47.3% |
| Gathering Services and Related Fees | $ 45 | 44.6% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
2 more categories available
Sign in to unlock the full Summit Midstream Partners Lp dataset.
Description of Summit Midstream Partners Lp
Summit Midstream Partners LP (SMLP) is a publicly traded master limited partnership (MLP) based in Dallas, Texas that focuses on owning and operating midstream energy infrastructure assets. The company has a diverse portfolio of assets, including pipelines, natural gas gathering systems, processing plants, and compression facilities, which it operates in strategic locations throughout the United States.
SMLP's primary business objective is to generate stable and predictable cash flows by providing reliable and cost-effective midstream services to its customers. The company has established long-term contracts with some of the largest producers of natural gas and crude oil in the United States, which provide a stable revenue stream even during periods of volatility in the energy market.
One of SMLP's key assets is the Bakken Shale natural gas gathering system, which is located in North Dakota and Montana. The system consists of over 400 miles of pipelines and compression facilities and serves some of the largest producers in the region, including Hess Corporation and Whiting Petroleum.
SMLP also owns and operates several natural gas processing plants, which remove impurities from the gas stream and extract valuable natural gas liquids (NGLs) such as propane and butane. The company's largest processing plant is the Tioga Gas Plant, which has a capacity of 200 million cubic feet per day and is located in North Dakota.
In addition to its assets in the Bakken Shale, SMLP owns and operates natural gas gathering and processing systems in other prolific basins across the United States, including the Marcellus and Utica Shales in Pennsylvania and Ohio, and the Piceance Basin in Colorado.
As an MLP, SMLP is structured as a tax-advantaged entity that distributes the majority of its cash flow to its unitholders on a quarterly basis. The company's distribution yield is currently around 17%, which is higher than many other MLPs in the energy sector.
Overall, SMLP is a well-diversified midstream energy company with a strong track record of reliable operations, long-term customer relationships, and attractive distribution yields. While the energy industry as a whole is subject to cyclical fluctuations and other risks, SMLP's focus on stable and predictable cash flows and its strategic asset positioning provide a strong foundation for long-term growth and attractive returns for its unitholders.
SMLP's primary business objective is to generate stable and predictable cash flows by providing reliable and cost-effective midstream services to its customers. The company has established long-term contracts with some of the largest producers of natural gas and crude oil in the United States, which provide a stable revenue stream even during periods of volatility in the energy market.
One of SMLP's key assets is the Bakken Shale natural gas gathering system, which is located in North Dakota and Montana. The system consists of over 400 miles of pipelines and compression facilities and serves some of the largest producers in the region, including Hess Corporation and Whiting Petroleum.
SMLP also owns and operates several natural gas processing plants, which remove impurities from the gas stream and extract valuable natural gas liquids (NGLs) such as propane and butane. The company's largest processing plant is the Tioga Gas Plant, which has a capacity of 200 million cubic feet per day and is located in North Dakota.
In addition to its assets in the Bakken Shale, SMLP owns and operates natural gas gathering and processing systems in other prolific basins across the United States, including the Marcellus and Utica Shales in Pennsylvania and Ohio, and the Piceance Basin in Colorado.
As an MLP, SMLP is structured as a tax-advantaged entity that distributes the majority of its cash flow to its unitholders on a quarterly basis. The company's distribution yield is currently around 17%, which is higher than many other MLPs in the energy sector.
Overall, SMLP is a well-diversified midstream energy company with a strong track record of reliable operations, long-term customer relationships, and attractive distribution yields. While the energy industry as a whole is subject to cyclical fluctuations and other risks, SMLP's focus on stable and predictable cash flows and its strategic asset positioning provide a strong foundation for long-term growth and attractive returns for its unitholders.
Summit Midstream Partners LP is a key player in the midstream energy sector, emphasizing the development, ownership, and operational management of energy infrastructure assets primarily situated in major shale formations across North America. The company is committed to delivering dependable and efficient midstream services, aiding the optimization of value for its clients’ energy products. Below is a detailed overview of the segments, products, and services offered by Summit Midstream Partners LP.
Segments
1. Utica Shale Segment:
- Focused on the Utica Shale play primarily located in Ohio, this segment services natural gas producers through a comprehensive suite of midstream offerings.
- Services Include:
- Gathering systems that transport natural gas from wellheads to processing facilities.
- Processing services aimed at removing impurities and separating natural gas liquids.
- Fractionation services to further separate these liquids into marketable components such as ethane and propane, tailored to the demands of various downstream markets.
2. Marcellus Shale Segment:
- This segment operates in Pennsylvania and West Virginia, covering the prolific Marcellus Shale play, one of the largest natural gas fields in North America.
- Services Include:
- Gathering and transporting natural gas through well-structured pipeline systems designed for efficiency and safety.
- Comprehensive processing services that enhance product quality before it reaches market.
- Fractionation capabilities that allow for the production of high-purity natural gas liquids, essential for various industrial applications.
3. Williston Basin Segment:
- Located in North Dakota, this segment primarily addresses the Bakken Shale formation and caters to crude oil producers in the area.
- Services Include:
- Crude oil gathering services that collect output from multiple production sites and transport it through a reliable pipeline network.
- Transportation services ensuring timely delivery of crude oil to refineries or storage facilities.
- A focus on marketing and sales strategies to optimize pricing and distribution of crude oil produced in the basin.
Products and Services
1. Gathering Services:
- Summit Midstream Partners LP specializes in gathering services that facilitate the transport of hydrocarbons from production sites to processing or transportation hubs. Their extensive pipeline networks enable efficient and environmentally responsible transport to processing facilities.
2. Processing Services:
- Offering advanced gas processing services, Summit ensures crude natural gas is purified and transformed into high-value products. Their processing facilities utilize cutting-edge technology for the removal of contaminants and to facilitate the extraction of natural gas liquids.
3. Fractionation Services:
- The company provides fractionation services, which are critical for breaking down complex hydrocarbons into specific liquefied natural gas (LNG) components like propane, butane, and ethane. This step enhances value by preparing NGLs for refined applications in the petrochemical industry.
4. Crude Oil Gathering and Transportation Services:
- For producers within the Williston Basin, Summit offers reliable gathering and transportation solutions. Their logistics infrastructure is designed to ensure that crude oil is efficiently and safely moved from production wells to essential markets or refineries.
5. Marketing and Logistics Services:
- Summit Midstream also manages the marketing and distribution of crude oil and natural gas liquids. Their services encapsulate strategic storage solutions paired with logistics support to ensure that products reach their intended markets effectively.
6. Storage Services:
- Offering robust storage options for crude oil and NGLs, Summits services include a network of facilities equipped to handle the fluctuations in supply and demand. Their storage services are crucial for maintaining supply chain continuity and ensuring market readiness.
Conclusion
Overall, Summit Midstream Partners LP plays a vital role in the midstream energy landscape by providing an extensive range of services that facilitate the efficient and safe transportation and processing of natural gas and crude oil products across key North American shale plays. Their commitment to optimizing the value chain for their clients underscores their operational philosophy, supporting the overall growth of the energy sector in the region.
Segments
1. Utica Shale Segment:
- Focused on the Utica Shale play primarily located in Ohio, this segment services natural gas producers through a comprehensive suite of midstream offerings.
- Services Include:
- Gathering systems that transport natural gas from wellheads to processing facilities.
- Processing services aimed at removing impurities and separating natural gas liquids.
- Fractionation services to further separate these liquids into marketable components such as ethane and propane, tailored to the demands of various downstream markets.
2. Marcellus Shale Segment:
- This segment operates in Pennsylvania and West Virginia, covering the prolific Marcellus Shale play, one of the largest natural gas fields in North America.
- Services Include:
- Gathering and transporting natural gas through well-structured pipeline systems designed for efficiency and safety.
- Comprehensive processing services that enhance product quality before it reaches market.
- Fractionation capabilities that allow for the production of high-purity natural gas liquids, essential for various industrial applications.
3. Williston Basin Segment:
- Located in North Dakota, this segment primarily addresses the Bakken Shale formation and caters to crude oil producers in the area.
- Services Include:
- Crude oil gathering services that collect output from multiple production sites and transport it through a reliable pipeline network.
- Transportation services ensuring timely delivery of crude oil to refineries or storage facilities.
- A focus on marketing and sales strategies to optimize pricing and distribution of crude oil produced in the basin.
Products and Services
1. Gathering Services:
- Summit Midstream Partners LP specializes in gathering services that facilitate the transport of hydrocarbons from production sites to processing or transportation hubs. Their extensive pipeline networks enable efficient and environmentally responsible transport to processing facilities.
2. Processing Services:
- Offering advanced gas processing services, Summit ensures crude natural gas is purified and transformed into high-value products. Their processing facilities utilize cutting-edge technology for the removal of contaminants and to facilitate the extraction of natural gas liquids.
3. Fractionation Services:
- The company provides fractionation services, which are critical for breaking down complex hydrocarbons into specific liquefied natural gas (LNG) components like propane, butane, and ethane. This step enhances value by preparing NGLs for refined applications in the petrochemical industry.
4. Crude Oil Gathering and Transportation Services:
- For producers within the Williston Basin, Summit offers reliable gathering and transportation solutions. Their logistics infrastructure is designed to ensure that crude oil is efficiently and safely moved from production wells to essential markets or refineries.
5. Marketing and Logistics Services:
- Summit Midstream also manages the marketing and distribution of crude oil and natural gas liquids. Their services encapsulate strategic storage solutions paired with logistics support to ensure that products reach their intended markets effectively.
6. Storage Services:
- Offering robust storage options for crude oil and NGLs, Summits services include a network of facilities equipped to handle the fluctuations in supply and demand. Their storage services are crucial for maintaining supply chain continuity and ensuring market readiness.
Conclusion
Overall, Summit Midstream Partners LP plays a vital role in the midstream energy landscape by providing an extensive range of services that facilitate the efficient and safe transportation and processing of natural gas and crude oil products across key North American shale plays. Their commitment to optimizing the value chain for their clients underscores their operational philosophy, supporting the overall growth of the energy sector in the region.