| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
11 |
| Employees |
800 |
| Revenues (TTM) (Millions $) |
469 |
| Net Income (TTM) (Millions $) |
98 |
| Cash Flow (TTM) (Millions $) |
145 |
| Capital Exp. (TTM) (Millions $) |
64 |
Business Description
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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