In the wake of the increase in Current Liabilities in the second quarter 2024, Quick Ratio fell to 0.94 above Summit Midstream Partners Lp average.

Within Natural Gas Utilities industry 2 other companies have achieved higher Quick Ratio than Summit Midstream Partners Lp in second quarter 2024. While Quick Ratio total ranking in the second quarter 2024 has deteriorated compared to the prior quarter from 1145 to 1954.

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SMLP Quick Ratio	(Jun 30 2024) Q2	(Mar 31 2024) Q1	(Dec 31 2023) Q4	(Sep 30 2023) Q3	(Jun 30 2023) Q2
Y / Y Current Liabilities Change	51.44 %	20.82 %	13.68 %	46.85 %	26.46 %
Y / Y Cash & cash equivalent Change	1046.02 %	1422.65 %	18.94 %	63.61 %	10.08 %
Quick Ratio MRQ	0.94	2.16	0.1	0.12	0.12
SMLP's Total Ranking	# 1954	# 1145	# 2331	# 2685	# 2658
Seq. Current Liabilities Change	4.45 %	19.05 %	-6.02 %	29.59 %	-16.67 %
Seq. Cash & cash equivalent Change	-54.73 %	2353.65 %	-17.86 %	25.59 %	-39.85 %

Quick Ratio second quarter 2024 Company Ranking
Within:	No.
Natural Gas Utilities Industry	# 3
Utilities Sector	# 16
Overall Market	# 1954

Quick Ratio Statistics
High	Average	Low
2.16	0.26	0
(Mar 31 2024)		(Jun 30 2019)

Financial Statements
Summit Midstream Partners Lp's Current Liabilities	$ 167 Millions	Visit SMLP's Balance sheet
Summit Midstream Partners Lp's Cash & cash equivalent	$ 156 Millions	Visit SMLP's Balance sheet
Source of SMLP's Sales		Visit SMLP's Sales by Geography

Cumulative Summit Midstream Partners Lp's Quick Ratio

SMLP's Quick Ratio for the trailling 12 Months

SMLP Quick Ratio	(Jun 30 2024) 12 Months	(Mar 31 2024) 12 Months	(Dec 31 2023) 12 Months	(Sep 30 2023) 12 Months	(Jun 30 2023) 12 Months
Y / Y Current Liabilities TTM Growth	31.88 %	25.83 %	30.78 %	40.39 %	37.09 %
Y / Y Cash & cash equivalent TTM Growth	808.92 %	580.01 %	56.04 %	68.23 %	73.19 %
Quick Ratio TTM	0.88	0.71	0.13	0.13	0.13
Total Ranking TTM	# 3556	# 496	# 1751	# 1857	# 2528
Seq. Current Liabilities TTM Growth	10.36 %	5.3 %	3.21 %	9.95 %	5.3 %
Seq. Cash & cash equivalent TTM Growth	36.57 %	477.79 %	3.43 %	11.36 %	2.18 %

Quick ratio ranking by company, industry and sector >> Back to SMLP Financial Strength Comparisons >> Go to Compare SMLP Quick Ratio to its Competitors

On the trailing twelve months basis SMLP Cash & cash equivalent more than doubled by 1046.02 % in Q2 2024 year on year, faster than Current Liabilities, this led to increase in in Summit Midstream Partners Lp's Quick Ratio to 0.88, above SMLP average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Natural Gas Utilities industry 35 other companies have achieved higher Quick Ratio than Summit Midstream Partners Lp. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the first quarter 2024 from 496 to 3556.

Explain Quick Ratio?
How much Cash & cash equivalents SMLP�s has?
What are SMLP�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Natural Gas Utilities Industry	# 36
Utilities Sector	# 96
Within the Market	# 3556

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.88	0.18	0.01
(Jun 30 2024)		(Jun 30 2019)

Companies with similar Quick Ratio in the quarter ending Jun 30 2024, within Natural Gas Utilities Industry	Quick Ratio	Jun 30 2024 MRQ Cash & cash equivalent	Jun 30 2024 MRQ Current Liabilities
Stabilis Solutions Inc	1.00	$ 11.483 Millions	$ 11.437 Millions
Montauk Renewables Inc	0.99	$ 42.285 Millions	$ 42.928 Millions
Summit Midstream Partners Lp	0.94	$ 156.008 Millions	$ 166.645 Millions
Clean Energy Fuels Corp	0.89	$ 126.212 Millions	$ 142.438 Millions
Boardwalk Pipeline Partners Lp	0.84	$ 772.300 Millions	$ 919.100 Millions
Cheniere Energy Inc	0.71	$ 2,547.000 Millions	$ 3,599.000 Millions
Atmos Energy Corp	0.68	$ 674.620 Millions	$ 984.926 Millions
Mplx Lp	0.59	$ 2,501.000 Millions	$ 4,226.000 Millions
Southwest Gas Holdings Inc	0.55	$ 599.639 Millions	$ 1,096.154 Millions
Western Midstream Partners Lp	0.54	$ 344.119 Millions	$ 634.120 Millions
Opal Fuels Inc	0.34	$ 27.601 Millions	$ 81.086 Millions
Hf Sinclair Corporation	0.32	$ 866.274 Millions	$ 2,670.500 Millions
Equitrans Midstream Corporation	0.24	$ 141.879 Millions	$ 588.420 Millions
Dt Midstream Inc	0.24	$ 73.000 Millions	$ 306.000 Millions
South Bow Corporation	0.23	$ 397.000 Millions	$ 1,761.000 Millions
Cheniere Energy Partners L p	0.22	$ 419.000 Millions	$ 1,886.000 Millions
Enbridge Inc	0.22	$ 2,746.876 Millions	$ 12,508.780 Millions
Ultrapar Holdings Inc	0.21	$ 422.469 Millions	$ 1,993.708 Millions
Brookfield Infrastructure Corporation	0.19	$ 1,675.000 Millions	$ 8,613.000 Millions

Date modified: 2026-09-08T15:11:18+00:00

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