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Summit Midstream Partners Lp (NYSE: SMLP) |
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Price: $38.0500
$1.34 
3.650%
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| Day's High:
| $38.05
| Week Perf:
| 3.14 %
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| Day's Low: |
$ 36.48 |
30 Day Perf: |
7.55 % |
| Volume (M): |
75 |
52 Wk High: |
$ 38.05 |
| Volume (M$): |
$ 2,846 |
52 Wk Avg: |
$32.69 |
| Open: |
$36.75 |
52 Wk Low: |
$27.00 |
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| Market Capitalization (Millions $) |
405 |
| Shares
Outstanding (Millions) |
11 |
| Employees |
99 |
| Revenues (TTM) (Millions $) |
469 |
| Net Income (TTM) (Millions $) |
98 |
| Cash Flow (TTM) (Millions $) |
145 |
| Capital Exp. (TTM) (Millions $) |
64 |
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.
Company Address: 910 Louisiana Street Houston 77002 TX
Company Phone Number: 413-4770 Stock Exchange / Ticker: NYSE SMLP
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| Stock Performances by Major Competitors |
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| Summit Midstream Partners Lp
As a Wall Street journalist, it is important to analyze and understand the financial performance of companies in the energy sector, especially during earnings season. Summit Midstream Partners LP (SMLP) has recently reported impressive results for the first quarter of 2024, with a significant turnaround in income.
The company reported earnings per share of $12.05, a stark improvement from the negative earnings per share of $-1.82 in the prior year. Furthermore, the revenue grew by 5.664% to $118.87 million from the comparable reporting season a year prior. This positive performance is notable, considering that the Natural Gas Utilities industry as a whole has seen a decline of -13.90% in business.
One key factor in Summit Midstream Partners LP?s success is their focus on transparency and efficiency. By making their 2023 tax packages, including the Schedule K-1, accessible online, investors and limited partners can easily retrieve and review their tax documents. This move not only reflects the company?s commitment to providing a seamless experience for stakeholders but also enhances transparency and trust in their operations.
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| Products & Services
Published Mon, Mar 25 2024 10:33 PM UTC
Houston-based energy infrastructure company Summit Midstream Partners, LP (SMLP) has recently made its 2023 tax packages, including the Schedule K-1, accessible online. This move enables investors and limited partners to conveniently retrieve and review their tax documents. SMLP continues to prioritize transparency and efficiency, striving to provide a seamless experience to...
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| Summit Midstream Partners Lp
Financial News Report:
Summit Midstream Partners LP Posts Loss in Q4 2023, But Revenue Surges by 48.523%
Houston, March 15, 2024 - Summit Midstream Partners LP (NYSE: SMLP) reported a loss per stock at $-2.07 per share in the financial time-frame closing on December 31, 2023. This was a significant improvement from the prior quarter, where the company realized a loss per share of $-0.27. However, despite the loss, SMLP saw a surge in revenue of 48.523% to $127.32 million from the corresponding quarter a year prior. This top-line growth sets SMLP apart from the rest of the Natural Gas Utilities industries, which experienced a decline of -16.03% in revenue.
In the fourth quarter of 2023, Summit Midstream Partners LP reported a net loss of $-15.118 million, compared to a deficit of $-23.864 million in the same quarter of the previous year. Operating earnings fell by -12.17% to $62.28 million, resulting in a decrease in the partnership's operating margin from 82.72% in Q4 2022 to 48.92% in Q4 2023.
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| Summit Midstream Partners Lp
As an investor closely monitoring the energy sector, I am delighted to report encouraging financial results for Summit Midstream Partners LP for the July to September 30, 2023, time-frame. The company has seen significant improvement in its financial performance, highlighting a potential turnaround in its operations.
One of the key highlights of Summit Midstream's financial results is the substantial decrease in the loss per share. Compared to $1.28 per share a year ago, the loss has significantly narrowed to $0.27 per share. Equally impressive is the improvement in earnings per share, which has risen from $1.91 per share in the prior reporting period to a positive figure.
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| Summit Midstream Partners Lp
Summit Midstream Partners Lp recently released their financial results for the fiscal period ending June 30, 2023. The company reported a loss of -$1.91 per share, which is an improvement compared to the previous year's loss of -$9.53 per share. However, there was a slight increase in the loss from the preceding reporting period, where the loss was -$1.82 per share.
Financial Results:
1. Revenue Decrease and Sequential Deterioration:
The company's revenue experienced a decline of -1.181% from the previous year, reaching $97.89 million compared to $99.06 million. Sequentially, the revenue deteriorated by -12.983% from $112.50 million.
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| Per Share |
Current |
| Earnings (TTM) |
6.8 $ |
| Revenues (TTM) |
44.01 $
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| Cash Flow (TTM) |
13.65 $ |
| Cash |
14.65 $
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| Book Value |
-
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| Dividend (TTM) |
0.46 $ |
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| Per Share |
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| Earnings (TTM) |
6.8 $
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| Revenues (TTM) |
44.01 $ |
| Cash Flow (TTM) |
13.65 $ |
| Cash |
14.65 $
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| Book Value |
- |
| Dividend (TTM) |
0.46 $ |
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On March 15 2024 the Summit Midstream Partners Lp provided following guidance
HOUSTON, March 15, 2024 - Summit Midstream Partners, LP (NYSE: SMLP) reported its financial and operational performance for the fourth quarter and full-year 2023, as well as its projections for the full year 2024. The Partnership provided an update on its strategic alternatives.
In the fourth quarter of 2023, Summit saw strong financial results, with revenues surpassing expectations and operating expenses being effectively managed. For the full year, the Partnership achieved significant growth in its operational performance, demonstrating its resilience in a challenging market environment.
Looking ahead to 2024, Summit issued financial guidance that reflects its commitment to sustainable growth...
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