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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Demand for pipeline and storage assets is recovering on rising production volumes of commodities. This is brightening up the outlook for the Zacks Oil and Gas - Pipeline MLP industry, putting the spotlight on Enterprise (EPD), Energy Transfer (ET), Shell Midstream (SHLX) & Summit Midstream (SMLP).

4 Oil Pipeline Stocks to Gain on Recovering Midstream Asset Demand

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

Despite Fast-paced Momentum, Summit Midstream Partners, LP (SMLP) Is Still a Bargain Stock

Summit Midstream Partners, LP (SMLP) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Summit Midstream Partners, LP (SMLP) Surges 9.6%: Is This an Indication of Further Gains?

Summit Midstream Partners, LP is trying to roll over debt in the amount of 4.34x 2021 EBITDA, with most of that debt due in March 2022. If Summit rolls over its 2022 maturities at rates analogous to recent debt issuances by other oil and gas companies, there could be significant upside.

Summit Midstream Partners: A Wager On The Credit Markets' Appetite For Risk

HOUSTON, June 21, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") today announced an increase to its full year 2021 financial guidance, including a new adjusted EBITDA range of $225 million to $240 million which, at the midpoint, represents an increase of 5.7% from the original guidance range of $210 million to $230 million.  Management now expects total indebtedness as of June 30, 2021, net of unrestricted cash on hand, to be reduced by approximately $82 million, which is nearly 6% lower than the outstanding net debt balance as of December 31, 2020.

Summit Midstream Partners, LP Provides Updated 2021 Financial Guidance

Summit Midstream Partners, LP (SMLP) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Summit Midstream Partners, LP (SMLP) Upgraded to Buy: What Does It Mean for the Stock?

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.

Summit Midstream Partners, LP (SMLP) Is Attractively Priced Despite Fast-paced Momentum

Summit Midstream Partners, LP (SMLP) CEO Heath Deneke on Q1 2021 Results - Earnings Call Transcript

HOUSTON, May 7, 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 March 31, 2021, including net income of $9.0 million, adjusted EBITDA of $60.4 million and DCF of $46.2 million. Operated natural gas volume throughput averaged 1,346 million cubic feet per day ("MMcf/d") and liquids volume throughput averaged 65 thousand barrels per day ("Mbbl/d").

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

Summit Midstream Partners is a high-risk investment, however, that doesn't make it a poor investment for shareholders. The company aggressively paid down debt in 2020 and faces 2021 growth from $130 million in FCF and its Double E Pipeline.

Summit Midstream Partners Is A Great Investment

HOUSTON, April 14, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it will report operating and financial results for the first quarter of 2021 on Friday, May 7, 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 First Quarter 2021 Earnings Call

HOUSTON, April 7, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it has amended its offer to exchange (the "Exchange Offer") 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 up to 2,400,000 newly issued common units representing limited partner interests in the Partnership (the "Common Units"). The Partnership has extended the expiration date of the Exchange Offer to 11:59 p.m.

Summit Midstream Partners, LP Announces Extension of Expiration Date in Series A Preferred Unit Exchange Offer

HOUSTON, March 23, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it has amended its offer to exchange (the "Exchange Offer") 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 30 Common Units, which is an increase of approximately 11% more than the previous offer of 27 Common Units for each Series A Preferred Unit properly tendered (and not validly withdrawn).

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

HOUSTON, March 16, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that its 2020 tax packages, including the Schedule K-1, are now available online and may be accessed at https://partnerdatalink.com/Summit. SMLP will also begin mailing the 2020 tax packages to unitholders later this week.

Summit Midstream Partners, LP Announces 2020 K-1 Tax Package Availability

HOUSTON, March 9, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that it has filed its 2020 Annual Report on Form 10-K with the Securities and Exchange Commission. This report contains SMLP's audited financial statements for the fiscal year ended December...

Summit Midstream Partners, LP Files 2020 Annual Report on Form 10-K

HOUSTON, March 8, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that its wholly-owned, indirect subsidiary, Summit Permian Transmission, LLC, has closed on its previously announced $175 million of senior secured credit facilities (the "Credit Facilities")...

Summit Midstream Partners, LP Announces Closing of Financing for the Double E Pipeline Project

Summit Midstream Partners, LP (SMLP) CEO Heath Deneke on Q4 2020 Results - Earnings Call Transcript

HOUSTON, March 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 December 31, 2020, including net income of $103.0 million, adjusted EBITDA of $61.8...

Summit Midstream Partners, LP Reports Fourth Quarter 2020 Financial and Operating Results and Confirms 2021 Financial Guidance

HOUSTON, Feb. 25, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP," or the "Partnership") announced today it is rescheduling its fourth quarter 2020 earnings release and conference call. The Partnership plans to report operating and financial results for...

Summit Midstream Partners, LP Reschedules its Fourth Quarter 2020 Earnings Release and Conference Call

HOUSTON, Feb. 16, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP," or the "Partnership") announced today preliminary financial and operating results for the three months ended December 31, 2020 and also provided full year 2021 financial guidance. The...

Summit Midstream Partners, LP Provides Preliminary Fourth Quarter 2020 Results and Full Year 2021 Financial Guidance

Summit Midstream Partners (SMLP) has moved higher as of late, but there could definitely be trouble on the horizon for this company.

Summit Midstream (SMLP) is Overbought: Is A Drop Coming?

HOUSTON, Feb. 2, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership" or "SMLP") announced today that its wholly-owned, indirect subsidiary, Summit Permian Transmission, LLC, has received $175 million of commitments from three leading commercial banks to...

Summit Midstream Partners, LP Announces $175 million of Financing Commitments for its Double E Pipeline Project and Schedules Fourth Quarter 2020 Earnings Call

Summit Midstream Partners has performed incredibly well recently with spending improvements and its approved Double E Pipeline. The company's management performed incredibly well throughout 2020, however, it still has some massive debt due in 2022.

Summit Midstream Partners: Double E Pipeline Wins Approval

HOUSTON, Jan. 12, 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 the pipeline's operator and construction manager, received...

Summit Midstream Partners, LP Announces Achievement of Key Milestones for the Double E Pipeline Project Including Receipt of the Notice to Proceed from the FERC

HOUSTON, Dec. 24, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today the preliminary results of its offer to purchase (the "Tender Offer") for cash up to $25,000,000.00 aggregate purchase price of its 9.50% Series A Fixed-to-Floating Rate...

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