SMLP - Summit Midstream Partners LP Stock Price, Fair Value and News

28.71USD-0.20 (-0.69%)Delayed as of 30 Apr 2024, 10:24 am ET

Market Summary

USD28.71-0.20

Delayedas of 30 Apr 2024, 10:24 am

-0.69%

SMLP Stock Price

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SMLP RSI Chart

SMLP Valuation

Market Cap

301.1M

Price/Earnings (Trailing)

-5.84

Price/Sales (Trailing)

0.66

EV/EBITDA

9.12

Price/Free Cashflow

5.19

SMLP Price/Sales (Trailing)

SMLP Profitability

Operating Margin

94.15%

EBT Margin

-15.79%

Return on Equity

-6.57%

Return on Assets

-2.07%

Free Cashflow Yield

19.26%

SMLP Fundamentals

SMLP Revenue

Revenue (TTM)

458.9M

Rev. Growth (Yr)

48.52%

Rev. Growth (Qtr)

5.05%

SMLP Earnings

Earnings (TTM)

-51.5M

Earnings Growth (Yr)

-39.65%

Earnings Growth (Qtr)

28.4K%

Breaking Down SMLP Revenue

52 Week Range

29.04

(Low)(High)

Last 7 days

4.6%

Last 30 days

2.4%

Last 90 days

72.0%

Trailing 12 Months

87.5%

How does SMLP drawdown profile look like?

SMLP Financial Health

Current Ratio

0.73

Debt/Equity

1.84

Debt/Cashflow

0.09

SMLP Investor Care

Dividend Yield

141.87%

Dividend/Share (TTM)

26.18

Shares Dilution (1Y)

2.29%

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	386.0M	384.8M	417.3M	458.9M
2022	397.4M	396.4M	383.1M	369.6M
2021	377.9M	385.9M	397.8M	400.6M
2020	417.0M	409.3M	399.3M	383.5M
2019	520.7M	492.2M	465.0M	443.5M
2018	470.3M	496.6M	499.2M	506.7M
2017	447.6M	459.8M	489.6M	488.7M
2016	405.0M	407.8M	387.7M	402.4M
2015	387.6M	381.3M	402.4M	400.6M
2014	320.5M	341.7M	358.5M	387.2M
2013	191.7M	223.5M	259.8M	296.8M
2012	120.2M	137.6M	156.4M	165.5M
2011	49.6M	67.6M	85.6M	103.6M
2010	0	0	0	31.7M

Get all data in R, Python etc through our Historical Stock Data APIs

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Very Expensive Stocks: $8,224

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Tracking the Latest Insider Buys and Sells of Summit Midstream Partners LP

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 16, 2024	peters jerry l	gifted	-	-	-6,581	-
Mar 22, 2024	johnston james david	sold	-85,714	25.21	-3,400	see remarks below.
Mar 15, 2024	sicinski matthew b.	acquired	-	-	15,404	see remarks below.
Mar 15, 2024	mault william j.	acquired	-	-	40,733	see remarks below.
Mar 15, 2024	sicinski matthew b.	sold (taxes)	-74,372	18.45	-4,031	see remarks below.
Mar 15, 2024	johnston james david	sold (taxes)	-178,153	18.45	-9,656	see remarks below.
Mar 15, 2024	mault william j.	sold (taxes)	-187,194	18.45	-10,146	see remarks below.
Mar 15, 2024	deneke j heath	acquired	-	-	170,385	see remarks below.
Mar 15, 2024	johnston james david	acquired	-	-	39,007	see remarks below.
Mar 15, 2024	johnston james david	sold	-12,150	20.25	-600	see remarks below.

Which funds bought or sold SMLP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 25, 2024	Valeo Financial Advisors, LLC	unchanged	-	150,930	421,246	0.01%
Apr 25, 2024	SIMPLEX TRADING, LLC	added	501	109,000	122,000	-%
Apr 23, 2024	Tennessee Valley Asset Management Partners	sold off	-100	-17,910	-	-%
Apr 23, 2024	BFSG, LLC	new	-	281	281	-%
Apr 19, 2024	Cutler Group LLC / CA	new	-	25,000	25,000	0.01%
Mar 27, 2024	NOMURA HOLDINGS INC	reduced	-1.01	871,433	3,977,610	0.01%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	added	117	6,696,430	10,390,500	-%
Feb 16, 2024	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	unchanged	-	123,464	544,464	-%
Feb 15, 2024	BARCLAYS PLC	reduced	-9.67	17,000	118,000	-%
Feb 15, 2024	JANE STREET GROUP, LLC	sold off	-100	-188,292	-	-%

Are Funds Buying or Selling SMLP?

Are funds buying SMLP calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SMLP

No. of Funds

Unveiling Summit Midstream Partners LP's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 26, 2024	he zhengxu	7.80%	810,000	SC 13G
Feb 13, 2024	shenkman capital management inc	8.61%	893,866	SC 13G/A
Feb 12, 2024	invesco ltd.	8.8%	910,352	SC 13G/A
Feb 14, 2023	shenkman capital management inc	8.69%	884,826	SC 13G
Apr 11, 2022	invesco ltd.	9.1%	914,071	SC 13G/A
Feb 14, 2022	ares management llc	0.2%	10,989	SC 13G/A
Oct 22, 2021	energy capital partners ii, llc	3.9%	263,139	SC 13D/A
Feb 16, 2021	cifc corp.	0.1%	4,563	SC 13G
Feb 12, 2021	invesco ltd.	15.0%	914,071	SC 13G/A
Nov 27, 2020	ares management llc	0.2%	12,189	SC 13G

Recent SEC filings of Summit Midstream Partners LP

View All Filings

Date Filed	Form Type	Document
Apr 29, 2024	DEFA14A	DEFA14A
Apr 18, 2024	4	Insider Trading
Apr 09, 2024	DEF 14A	DEF 14A
Mar 28, 2024	425	Prospectus Filed
Mar 28, 2024	8-K/A	Current Report
Mar 27, 2024	8-K	Current Report
Mar 26, 2024	SC 13G	Major Ownership Report
Mar 22, 2024	4	Insider Trading
Mar 22, 2024	425	Prospectus Filed
Mar 22, 2024	8-K	Current Report

Summit Midstream Partners LP News

Latest updates

Summit Midstream Partners LP Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	5.1%	127	121	98.00	112	86.00	89.00	99.00	96.00	99.00	102	100	99.00	96.00	90.00	92.00	105	112	100	100	131	134
Costs and Expenses	7.7%	103	95.00	88.00	96.00	83.00	83.00	174	83.00	93.00	82.00	92.00	77.00	107	71.00	71.00	80.00	98.00	87.00	73.00	148	111
S&GA Expenses	-7.7%	10.00	11.00	11.00	10.00	13.00	9.00	10.00	13.00	10.00	8.00	29.00	10.00	34.00	11.00	13.00	17.00	17.00	10.00	11.00	18.00	15.00
EBITDA Margin	-2.8%	0.42*	0.43*	0.42*	0.19*	0.22*	0.22*	0.24*	0.40*	0.39*	0.66*	0.74*	-	-	-	-	-	-	-	-	-	-
Interest Expenses	6.5%	37.00	35.00	35.00	34.00	28.00	25.00	25.00	24.00	21.00	16.00	16.00	14.00	14.00	19.00	22.00	24.00	23.00	23.00	22.00	23.00	38.00
Income Taxes	597.2%	1.00	0.00	-	-0.25	0.00	-0.07	0.00	0.00	0.00	-0.08	-0.25	-0.01	-0.04	0.00	-0.39	-0.01	-0.20	0.00	1.00	0.00	0.00
Earnings Before Taxes	-317.3%	-26.14	-6.26	-20.72	-19.32	-27.82	-13.59	-95.87	-3.99	-17.38	5.00	-22.29	7.00	99.00	25.00	53.00	0.00	-8.89	-10.43	4.00	-39.58	38.00
EBT Margin	11.1%	-0.16*	-0.18*	-0.21*	-0.41*	-0.38*	-0.34*	-0.28*	-0.10*	-0.07*	0.22*	0.28*	-	-	-	-	-	-	-	-	-	-
Net Income	-100.0%	-	0.00	-17.04	-15.91	-	-11.07	-94.97	-5.72	-	3.00	-23.83	5.00	-	18.00	57.00	5.00	-172	-11.13	-	-	-
Net Income Margin	-Infinity%	-0.11*	-	-0.37*	-0.36*	-0.38*	-0.10*	-0.09*	-0.09*	-0.09*	0.45*	0.46*	0.47*	-	-	-	-	-	-	-	-	-
Free Cashflow	-107.0%	-2.89	41.00	-13.79	33.00	-7.58	30.00	8.00	37.00	24.00	36.00	31.00	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Assets	112.4%	2,494	1,174	2,510	2,513	2,545	2,560	1,194	2,240	2,310	2,495	2,522	2,512	2,501	2,474	2,473	2,500	2,537	2,573	2,587	2,626	2,574
Current Assets	1572.4%	98.00	6.00	101	83.00	94.00	98.00	36.00	76.00	79.00	76.00	87.00	5.00	86.00	80.00	91.00	82.00	32.00	131	123	161	140
Cash Equivalents	-	14.00	-	17.00	14.00	23.00	12.00	-	14.00	16.00	12.00	20.00	-	6.00	8.00	24.00	16.00	-	50.00	42.00	77.00	37.00
Net PPE	-	1,699	-	1,695	1,704	1,712	1,719	-	1,477	1,531	1,706	1,726	-	1,748	1,769	1,788	1,814	-	1,840	1,856	1,870	1,882
Goodwill	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities	0.0%	1,651	1,651	1,651	1,658	1,677	1,677	1,505	1,333	1,394	1,486	1,512	1,493	1,475	1,471	1,450	1,487	1,579	1,671	1,711	1,780	1,761
Current Liabilities	2070.6%	134	6.00	143	110	132	118	7.00	97.00	87.00	95.00	79.00	8.00	73.00	847	75.00	68.00	8.00	232	113	85.00	90.00
Long Term Debt	-	1,455	-	1,441	1,475	1,466	1,480	-	1,165	1,233	1,315	1,355	-	1,318	539	1,305	1,347	-	1,391	1,545	1,641	1,622
LT Debt, Current	-	16.00	-	14.00	13.00	12.00	11.00	-	9.00	8.00	6.00	-	-	-	762	-	-	-	-	-	8.00	6.00
LT Debt, Non Current	-	1,455	-	1,441	1,475	1,466	1,480	-	1,165	1,233	1,315	1,355	-	1,318	539	1,305	1,347	-	1,391	1,545	1,641	1,622
Shareholder's Equity	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	784	785
Float	-	-	-	-	169	-	-	-	-	129	-	-	-	-	205	-	-	-	-	46.00	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-72.7%	16,147	59,119	1,945	49,695	1,939	36,646	14,113	46,046	37,368	41,514	34,787	51,430	51,782	41,436	35,170	70,201	34,124	43,043	39,381	45,193	39,738
Share Based Compensation	0.9%	1,408	1,396	1,833	1,929	814	692	582	1,690	861	868	1,048	1,967	1,920	1,622	1,846	2,723	2,801	1,291	1,553	2,526	2,140
Cashflow From Investing	-7.3%	-18,910	-17,629	-15,668	-22,549	-313,996	30,556	72,179	-15,297	-59,840	-58,984	-46,676	-229	-15,671	-17,961	-30,538	-76,399	-25,583	-45,127	-48,653	28,493	-68,552
Cashflow From Financing	101.4%	513	-37,472	5,317	-17,394	311,624	-68,938	-83,072	-37,841	35,783	16,206	-4,886	-42,445	-70,863	-14,798	-40,394	46,657	18,155	6,668	-174	-74,771	32,451
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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SMLP Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenues:
Total revenues	$ 458,903	$ 369,594
Costs and expenses:
Type of Cost, Good or Service [Extensible List]	Natural Gas Liquids [Member]	Natural Gas Liquids [Member]
Cost of natural gas and NGLs	$ 112,462	$ 76,826
Operation and maintenance	100,741	84,152
General and administrative	42,135	44,943
Depreciation and amortization	122,764	119,055
Transaction costs	1,251	6,968
Acquisition integration costs	2,654	0
Gain on asset sales, net	(260)	(507)
Long-lived asset impairment	540	91,644
Total costs and expenses	382,287	423,081
Other income (expense), net	865	(4)
Gain on interest rate swaps	1,830	16,414
Loss on sale of business	(47)	(1,741)
Interest expense	(140,784)	(102,459)
Loss on early extinguishment of debt	(10,934)	0
Loss before income taxes and equity method investment income	(72,454)	(141,277)
Income tax expense	(322)	(325)
Income from equity method investees	33,829	18,141
Net loss	(38,947)	(123,461)
Net loss attributable to Summit Midstream Partners, LP	(51,528)	(140,605)
Parent Company
Costs and expenses:
Add: deemed capital contribution	0	20,974
Series A Preferred Units \| Subsidiary
Costs and expenses:
Less: Net income attributable to Subsidiary Series A Preferred Units	(12,581)	(17,144)
Series A Preferred Units \| Parent Company
Costs and expenses:
Less: Net income attributable to Subsidiary Series A Preferred Units	(11,566)	(8,048)
Common units
Costs and expenses:
Net income (loss) attributable to limited partners	$ (63,094)	$ (127,679)
Net loss per limited partner unit:
Common unit - basic (in dollars per share)	$ (6.11)	$ (12.71)
Common unit - diluted (in dollars per share)	$ (6.11)	$ (12.71)
Weighted-average limited partner units outstanding:
Common units - basic (in shares)	10,334	10,048
Common units - diluted (shares)	10,334	10,048
Gathering services and related fees
Revenues:
Total revenues	$ 248,223	$ 248,358
Natural gas, NGLs and condensate sales
Revenues:
Total revenues	179,254	86,225
Other revenues
Revenues:
Total revenues	$ 31,426	$ 35,011

SMLP Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 14,044	$ 11,808
Restricted cash	2,601	1,723
Accounts receivable	76,275	75,287
Other current assets	5,502	8,724
Total current assets	98,422	97,542
Property, plant and equipment, net	1,698,585	1,718,754
Intangible assets, net	175,592	198,718
Investment in equity method investees	486,434	506,677
Other noncurrent assets	35,165	38,273
TOTAL ASSETS	2,494,198	2,559,964
LIABILITIES AND CAPITAL
Trade accounts payable	22,714	14,052
Accrued expenses	32,377	20,601
Deferred revenue	10,196	9,054
Ad valorem taxes payable	8,543	10,245
Accrued compensation and employee benefits	6,815	16,319
Accrued interest	19,298	17,355
Accrued environmental remediation	1,483	1,365
Accrued settlement payable	6,667	6,667
Current portion of long-term debt	15,524	10,507
Other current liabilities	10,395	11,724
Total current liabilities	134,012	117,889
Long-term debt, net	1,455,166	1,479,855
Noncurrent deferred revenue	30,085	37,694
Noncurrent accrued environmental remediation	1,454	2,340
Other noncurrent liabilities	30,266	38,784
Total liabilities	1,650,983	1,676,562
Commitments and contingencies (Note 10)
Mezzanine Capital
Subsidiary Series A Preferred Units (93,039 units issued and outstanding at December 31, 2023 and December 31, 2022)	124,652	118,584
Partners Capital
Series A Preferred Units (65,508 units issued and outstanding at December 31, 2023 and December 31, 2022)	96,893	85,327
Common limited partner capital (10,376,189 and 10,182,763 units issued and outstanding at December 31, 2023 and December 31, 2022, respectively)	621,670	679,491
Total partners capital	718,563	764,818
TOTAL LIABILITIES AND CAPITAL	$ 2,494,198	$ 2,559,964

About Summit Midstream Partners LP

Summit Midstream Partners, LP focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. The company provides natural gas gathering, compression, treating, and processing services, as well as crude oil and produced water gathering services. Its unconventional resource basins include the Utica and Point Pleasant shale formations in southeastern Ohio; the Williston Basin that consists of the Bakken and Three Forks shale formations in northwestern North Dakota; the Denver-Julesburg Basin, which include the Niobrara and Codell shale formations in Colorado; the Permian Basin that comprise the Bone Spring and Wolfcamp shale formations in New Mexico; the Piceance Basin, which include the Mesaverde formation, and the Mancos and Niobrara shale formations in western Colorado; the Barnett Shale formation in north-central Texas; and the Marcellus Shale formation in northern West Virginia. The company also owns an ownership interest in Ohio Gathering, which owns and operates natural gas gathering and condensate stabilization facility in the Utica Shale in southeastern Ohio. It serves natural gas and crude oil producers. Summit Midstream GP, LLC operates as a general partner of the company. Summit Midstream Partners, LP was founded in 2009 and is based in Houston, Texas.

CEO	Mr. J. Heath Deneke
WEBSITE	summitmidstream.com
INDUSTRY	Oil - Midstream
EMPLOYEES	252

Summit Midstream Partners LP Frequently Asked Questions

What is the ticker symbol for Summit Midstream Partners LP? What does SMLP stand for in stocks?

SMLP is the stock ticker symbol of Summit Midstream Partners LP. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Summit Midstream Partners LP (SMLP)?

As of Mon Apr 29 2024, market cap of Summit Midstream Partners LP is 301.12 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SMLP stock?

You can check SMLP's fair value in chart for subscribers.

What is the fair value of SMLP stock?

You can check SMLP's fair value in chart for subscribers. The fair value of Summit Midstream Partners LP is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Summit Midstream Partners LP is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SMLP so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Summit Midstream Partners LP a good stock to buy?

The fair value guage provides a quick view whether SMLP is over valued or under valued. Whether Summit Midstream Partners LP is cheap or expensive depends on the assumptions which impact Summit Midstream Partners LP's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SMLP.

What is Summit Midstream Partners LP's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon Apr 29 2024, SMLP's PE ratio (Price to Earnings) is -5.84 and Price to Sales (PS) ratio is 0.66. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SMLP PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Summit Midstream Partners LP's stock?

In the past 10 years, Summit Midstream Partners LP has provided -0.27 (multiply by 100 for percentage) rate of return.