Summit Midstream Partners LP

Summit Midstream Partners LP engages in the development, ownership, and operation of midstream energy infrastructure assets that are located in unconventional resource basins, primarily shale formations. It operates through the following segments: Utica Shale, Ohio Gathering, Williston Basin, DJ Basin, Permian Basin, Piceance Basin, Barnett Shale, and Marcellus Shale. The company was founded by Steven J. Newby in May 2012 and is headquartered in Houston, TX.

Earnings data Q2 2023

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HOUSTON, Jan. 13, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today the preliminary results of its offer to exchange (the "Exchange Offer") any and all of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Liquidation Preference $1,000) (the "Series A Preferred Units") tendered in the Exchange Offer for newly issued common units representing limited partner interests in the Partnership (the "Common Units"), which expired at 11:59 p.m., New York City time, on January 12, 2022 (the "Expiration Date").

Summit Midstream Partners, LP Announces Preliminary Results of Series A Preferred Unit Exchange Offer

HOUSTON, Jan. 7, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today updates regarding its offer to exchange (the "Exchange Offer") any and all of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the "Series A Preferred Units") tendered in the Exchange Offer for newly issued common units representing limited partner interests in the Partnership (the "Common Units"). As of the close of business on January 6, 2022, based on information provided by American Stock Transfer & Trust Company, LLC, the depositary of the Exchange Offer, and including the Series A Preferred Units covered by the tender and support agreement, 46,203 Series A Preferred Units had been properly tendered (and not validly withdrawn) or committed for exchange by several holders of the Series A Preferred Units, which represents approximately 32.2% of the total Series A Preferred Units outstanding.

Summit Midstream Partners, LP Provides Update on Series A Preferred Unit Exchange Offer

Summit Midstream Partners has removed the bankruptcy risk it faces, however, the market still has not responded.

Summit Midstream Partners Deserves More From The Market

HOUSTON, Dec. 14, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it has commenced an offer to exchange (the "Exchange Offer") any and all of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Liquidation Preference $1,000) (the "Series A Preferred Units") tendered in the Exchange Offer for newly issued common units representing limited partner interests in the Partnership (the "Common Units"). For each Series A Preferred Unit that is accepted in the Exchange Offer, the holder will receive 38 Common Units.

Summit Midstream Partners, LP Announces Series A Preferred Unit Exchange Offer

HOUSTON, Texas, Nov. 18, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that Double E Pipeline, LLC ("Double E"), a joint venture in which SMLP owns a 70% equity interest and serves as operator, has commenced operations.  Double E is a 135 mile FERC-regulated natural gas pipeline that provides natural gas transportation services from southeast New Mexico and west Texas to downstream pipeline interconnections in the Waha Hub region.

Summit Midstream Partners, LP Announces Commencement of Service on Double E Pipeline

Summit Midstream delivered another solid quarter in Q3 FY 2021 and its conference call was filled with favorable leading indicators as producers in its systems signaled increasing drilling activity. Summit's Double E Pipeline (off-balance sheet) comes online in December 2021, and this should generate $45 million in proportional Adj. EBITDA as the system ramps up.

Summit Midstream: Seeing The Forest For The Trees

Summit Midstream Partners is focused on a new set of debt offerings that should enable the company to rollover its soon-to-be-due debt. We expect the company to survive bankruptcy threats and use its strong cash flow to drive shareholder rewards.

Summit Midstream Partners' Debt Offering Points Towards Survival

Summit Midstream Partners, LP (SMLP) CEO Heath Deneke on Q3 2021 Results - Earnings Call Transcript

HOUSTON, Nov. 4, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today its financial and operating results for the three months ended September 30, 2021, including net income of $7.0 million, adjusted EBITDA of $61.1 million and DCF of $45.7 million.  Operated natural gas throughput averaged 1,333 million cubic feet per day ("MMcf/d") and liquids throughput averaged 63 thousand barrels per day ("Mbbl/d").

Summit Midstream Partners, LP Reports Third Quarter 2021 Financial and Operating Results

Summit Midstream Partners (NYSE:SMLP) is set to give its latest quarterly earnings report on Thursday, 2021-11-04. Here's what investors need to know before the announcement.

Earnings Preview: Summit Midstream Partners

HOUSTON, Nov. 2, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that Summit Midstream Holdings, LLC, a Delaware limited liability company ("Summit Holdings"), and Summit Midstream Finance Corp., a Delaware corporation (together with Summit Holdings, the "Co-Issuers"), which are subsidiaries of the Partnership, closed a private offering (the "Offering") of $700,000,000 aggregate principal amount of 8.50% Senior Secured Second Lien Notes due 2026 (the "Notes"). Concurrently with the closing of the Offering and the issuance of the Notes, Summit Holdings, as borrower, entered into a first-lien, senior secured credit agreement with the Partnership, certain subsidiaries of the Partnership party thereto, Bank of America, N.A.

Summit Midstream Partners, LP Announces Closing of Private Offering of $700 Million Senior Secured Second Lien Notes and $400 Million Asset-Based Credit Facility

HOUSTON, Oct. 25, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it will report operating and financial results for the third quarter of 2021 on Thursday, November 4, 2021, before the start of trading on the New York Stock Exchange. SMLP will host a conference call at 10:00 a.m.

Summit Midstream Partners, LP Schedules Third Quarter 2021 Earnings Call

Summit Midstream successfully refinancing just shy of $1 billion of 2022 debt. This would have thought to have been unthinkable a mere 12 months ago.

Summit Midstream: With The Refinancing Completed, This Is A Good Way To Play Natural Gas

HOUSTON, Oct. 19, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that Summit Midstream Holdings, LLC, a Delaware limited liability company ("Summit Holdings"), and Summit Midstream Finance Corp., a Delaware corporation (together with Summit Holdings, the "Co-Issuers"), which are subsidiaries of the Partnership, priced a private offering (the "Offering") of $700,000,000 aggregate principal amount of 8.50% Senior Secured Second Lien Notes due 2026 (the "Notes") at a price of 98.5% of their face value. The Notes will pay interest semi-annually on April 15 and October 15 of each year, commencing on April 15, 2022, and will be jointly and severally guaranteed, on a senior second-priority secured basis, by the Partnership and each restricted subsidiary of the Partnership (other than the Co-Issuers) that is an obligor under the credit agreement by and among Summit Holdings, as borrower, Bank of America, N.A.

Summit Midstream Partners, LP Announces Pricing of Private Offering of $700 Million Senior Secured Second Lien Notes

The stock price of Summit Midstream Partners LP (NYSE: SMLP) increased by over 7% today. This is why it happened.

SMLP Stock: Why It Increased Today

HOUSTON, Oct. 13, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that, subject to market and other conditions, Summit Midstream Holdings, LLC, a Delaware limited liability company ("Summit Holdings"), and Summit Midstream Finance Corp., a Delaware corporation (together with Summit Holdings, the "Co-Issuers"), which are subsidiaries of the Partnership, commenced a private offering (the "Offering") of up to $700,000,000 aggregate principal amount of Senior Secured Second Lien Notes due 2026 (the "Notes"). The Notes are expected to pay interest semi-annually and will be jointly and severally guaranteed, on a senior second-priority secured basis, by the Partnership and each restricted subsidiary of the Partnership (other than the Co-Issuers) that is an obligor under the credit agreement by and among Summit Holdings, as borrower, Bank of America, N.A.

Summit Midstream Partners, LP Announces Private Offering of $700 Million Senior Secured Second Lien Notes and Conditional Redemption of 5.50% Senior Notes due 2022

Summit Midstream Partners, LP (SMLP) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Why Fast-paced Mover Summit Midstream Partners, LP (SMLP) Is a Great Choice for Value Investors

Summit Midstream Partners has an impressive portfolio of assets it's continuing to develop such as the Double E pipeline.

Summit Midstream Partners Is Well On The Road To Recovery

Summit Midstream Partners (SMLP) has been struggling lately, but the selling pressure may be coming to an end soon.

Summit Midstream Partners (SMLP) Sees Hammer Chart Pattern: Time to Buy?

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Summit Midstream Partners' (SMLP) CEO Heath Deneke on Q2 2021 Results - Earnings Call Transcript

HOUSTON, Aug. 6, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today its financial and operating results for the three months ended June 30, 2021, including a net loss of $19.7 million, adjusted EBITDA of $62.1 million and DCF of $46.5 million.  Net loss for the quarter included $31.5 million of non-cash charges including (i) a $19.3 million loss contingency accrual related to a previously disclosed incident dating back to a 2015 release of produced water from a pipeline owned by Meadowlark Midstream and (ii) an $12.2 million accrual related to Energy Capital Partners' full exercise of equity warrants in exchange for 414,477 SMLP common units.

Summit Midstream Partners, LP Reports Second Quarter 2021 Financial and Operating Results

HOUSTON, Aug. 5, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") today announced that it has entered into criminal and civil agreements to resolve previously disclosed government investigations into the discovery, in January 2015 of a discharge of produced water into Blacktail Creek, near Marmon, North Dakota ("2015 Blacktail Release") and failure to report the spill on a timely basis. The discharge emanated from a ruptured pipeline owned by a Summit operating subsidiary, Meadowlark Midstream Company, LLC ("Meadowlark"), which at the time, was a subsidiary of, and operated by, Summit Midstream Partners, LLC, the parent entity of SMLP ("Summit Investments," together with Meadowlark, the "Companies").

Summit Midstream Partners, LP Announces Agreements to Resolve 2015 Discovery of Produced Water Release

HOUSTON, Aug. 2, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it will report operating and financial results for the second quarter of 2021 on Friday, August 6, 2021, before the start of trading on the New York Stock Exchange. SMLP will host a conference call at 10:00 a.m.

Summit Midstream Partners, LP Schedules Second Quarter 2021 Earnings Call

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