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Summit Midstream Partners Lp  (SMLP)
Other Ticker:  
 
    Sector  Utilities    Industry Natural Gas Utilities
   Industry Natural Gas Utilities
   Sector  Utilities
 
Price: $19.3900 $0.05 0.259%
Day's High: $19.7899 Week Perf: 13.86 %
Day's Low: $ 19.00 30 Day Perf: 17.59 %
Volume (M): 82 52 Wk High: $ 21.40
Volume (M$): $ 1,584 52 Wk Avg: $16.35
Open: $19.00 52 Wk Low: $13.00



 Market Capitalization (Millions $) 201
 Shares Outstanding (Millions) 10
 Employees 800
 Revenues (TTM) (Millions $) 417
 Net Income (TTM) (Millions $) -48
 Cash Flow (TTM) (Millions $) 5
 Capital Exp. (TTM) (Millions $) 50

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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Summit Midstream Partners Lp

Natural Gas Utilities Company Soars with a Remarkable 36.66% Revenue Surge in Fiscal Year End


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.

Summit Midstream Partners Lp

Summit Midstream Partners Lp Shows Signs of Improvement in Q2 2023 Despite Revenue Decrease



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.

Summit Midstream Partners Lp

Bewildering Revenue Fails to Translate into Profitability: Summit Midstream Partners LP Faces Challenges in Financial Period Ending March 31, 2023

Despite some fluctuations in their earnings, Summit Midstream Partners Lp is still making a strong showing in the stock market. For the January to March 31 2023 time-frame, the company experienced a dip in earnings with a loss of $-1.82 per share compared to $1.35 a year prior. However, despite this decline, the company's revenue saw an admirable increase of 17.033% to $112.50 million from $96.13 million in the same quarter a year prior. Sequentially, revenue surged by 31.235% from $85.72 million.
In the same period, Summit Midstream Partners Lp realized a net loss of $-14.163 million, which was higher than the $-0.005 million loss they experienced a year ago. Despite this financial setback, the company's operating earnings improved by an impressive 692.37% to $48.469 million.






 

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