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SMLP

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

33.79USD+0.42 (+1.26%)Market Closed

Market Summary

SMLP
USD33.79+0.42
Market Closed
1.26%

SMLP Alerts

  • 1 major insider sales recently.
  • Big jump in Earnings (Y/Y)

SMLP Stock Price

View Fullscreen

SMLP RSI Chart

SMLP Valuation

Market Cap

359.8M

Price/Earnings (Trailing)

-6.98

Price/Sales (Trailing)

0.77

EV/EBITDA

3.41

Price/Free Cashflow

6.92

SMLP Price/Sales (Trailing)

SMLP Profitability

Operating Margin

94.23%

EBT Margin

14.91%

Return on Equity

-6.57%

Return on Assets

-2.22%

Free Cashflow Yield

14.44%

SMLP Fundamentals

SMLP Revenue

Revenue (TTM)

465.3M

Rev. Growth (Yr)

5.66%

Rev. Growth (Qtr)

-6.63%

SMLP Earnings

Earnings (TTM)

-51.5M

Earnings Growth (Yr)

911.85%

Earnings Growth (Qtr)

28.4K%

Breaking Down SMLP Revenue

Last 7 days

3.9%

Last 30 days

1.8%

Last 90 days

75.3%

Trailing 12 Months

95.1%

How does SMLP drawdown profile look like?

SMLP Financial Health

Current Ratio

2.64

Debt/Equity

1.44

Debt/Cashflow

0.11

SMLP Investor Care

Dividend Yield

74.79%

Dividend/Share (TTM)

26.18

Shares Dilution (1Y)

2.84%

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2024465.3M000
2023386.0M384.8M417.3M458.9M
2022397.4M396.4M383.1M369.6M
2021377.9M385.9M397.8M400.6M
2020417.0M409.3M399.3M383.5M
2019520.7M492.2M465.0M443.5M
2018470.3M496.6M499.2M506.7M
2017447.6M459.8M489.6M488.7M
2016405.0M407.8M387.7M402.4M
2015387.6M381.3M402.4M400.6M
2014320.5M341.7M358.5M387.2M
2013191.7M223.5M259.8M296.8M
2012120.2M137.6M156.4M165.5M
201149.6M67.6M85.6M103.6M
201000031.7M

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

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
May 14, 2024
peters jerry l
sold
-340,300
34.03
-10,000
-
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
mault william j.
sold (taxes)
-187,194
18.45
-10,146
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
sicinski matthew b.
acquired
-
-
15,404
see remarks below.
Mar 15, 2024
johnston james david
sold
-12,150
20.25
-600
see remarks below.
Mar 15, 2024
johnston james david
sold (taxes)
-178,153
18.45
-9,656
see remarks below.

1–10 of 50

Which funds bought or sold SMLP recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
May 24, 2024
Cetera Investment Advisers
new
-
395,647
395,647
-%
May 24, 2024
FARALLON CAPITAL MANAGEMENT LLC
unchanged
-
591,454
1,634,070
0.01%
May 15, 2024
Liberty Mutual Group Asset Management Inc.
unchanged
-
863,000
2,382,000
0.68%
May 15, 2024
MORGAN STANLEY
added
213
1,146,260
1,439,040
-%
May 15, 2024
BANK OF AMERICA CORP /DE/
reduced
-2.1
4,185,490
12,017,400
-%
May 15, 2024
BARCLAYS PLC
sold off
-100
-118,000
-
-%
May 15, 2024
Blackstone Inc.
unchanged
-
589,320
1,628,170
0.01%
May 15, 2024
Cetera Advisors LLC
added
3.47
144,406
376,699
-%
May 15, 2024
Tower Research Capital LLC (TRC)
reduced
-94.62
-43,627
4,014
-%
May 15, 2024
Mariner, LLC
new
-
363,450
363,450
-%

1–10 of 41

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 FiledName of FilerPercent of ClassNo. of SharesForm 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
Jun 17, 2024
425
Prospectus Filed
Jun 17, 2024
8-K
Current Report
Jun 14, 2024
DEFM14A
DEFM14A
Jun 07, 2024
8-K
Current Report
Jun 07, 2024
8-K
Current Report
Jun 03, 2024
425
Prospectus Filed
Jun 03, 2024
8-K
Current Report
May 22, 2024
8-K
Current Report
May 17, 2024
4
Insider Trading
May 10, 2024
144
Notice of Insider Sale Intent

Summit Midstream Partners LP News

Latest updates
StockTitan17 Jun 202409:39 pm

Summit Midstream Partners LP Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-6.6%11912712198.0011286.0089.0099.0096.0099.0010210099.0096.0090.0092.00105112100100131
Costs and Expenses68.8%17410395.0088.0096.0083.0083.0017483.0093.0082.0092.0077.0010771.0071.0080.0098.0087.0073.00148
  S&GA Expenses44.4%15.0010.0011.0011.0010.0013.009.0010.0013.0010.008.0029.0010.0034.0011.0013.0017.0017.0010.0011.0018.00
EBITDA Margin72.7%0.72*0.42*0.43*0.42*0.19*0.22*0.22*0.24*0.40*0.39*0.66*----------
Interest Expenses2.8%38.0037.0035.0035.0034.0028.0025.0025.0024.0021.0016.0016.0014.0014.0019.0022.0024.0023.0023.0022.0023.00
Income Taxes-58.2%0.001.000.00--0.250.00-0.070.000.000.00-0.08-0.25-0.01-0.040.00-0.39-0.01-0.200.001.000.00
Earnings Before Taxes568.6%122-26.14-6.26-20.72-19.32-27.82-13.59-95.87-3.99-17.385.00-22.297.0099.0025.0053.000.00-8.89-10.434.00-39.58
EBT Margin194.4%0.15*-0.16*-0.18*-0.21*-0.41*-0.38*-0.34*-0.28*-0.10*-0.07*0.22*----------
Net Income-129-0.00-17.04-15.91--11.07-94.97-5.72-3.00-23.835.00-18.0057.005.00-172---
Net Income Margin1.4%-0.11*-0.11*-0.34*-0.37*-0.36*-0.38*-0.10*-0.09*-0.09*-0.09*0.45*----------
Free Cashflow1040.2%27.00-2.8941.00-13.7933.00-7.5830.008.0037.0024.0036.00----------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q42023Q32023Q22023Q12022Q42022Q42022Q32022Q22022Q12021Q42021Q42021Q32021Q22021Q12020Q42020Q42020Q32020Q22020Q1
Assets-7.0%2,3212,4942,5022,5102,5132,5452,5601,1942,2402,3102,4952,5222,5122,5012,4742,4732,5002,5372,5732,5872,626
  Current Assets327.3%42198.006.0010183.0094.0098.0036.0076.0079.0076.0087.005.0086.0080.0091.0082.005.00131123161
    Cash Equivalents2353.6%34514.00-17.0014.0023.0014.00-14.0016.0012.0020.00-6.008.0024.0016.00-50.0042.0077.00
  Net PPE-14.8%1,4471,699-1,6951,7041,7121,719-1,4771,5311,7061,726-1,7481,7691,7881,814-1,8401,8561,870
Liabilities-18.5%1,3451,6511,6511,6511,6581,6771,6771,5051,3331,3941,4861,5121,4931,4751,4711,4501,4871,5791,6711,7111,780
  Current Liabilities19.1%1601344.001431101321187.0097.0087.0095.0079.008.0073.0084775.0068.008.0023211385.00
  Long Term Debt-22.5%1,1271,455-1,4411,4751,4661,480-1,1651,2331,3151,355-1,3185391,3051,347-1,3911,5451,641
    LT Debt, Current87.4%29.0016.00-14.0013.0012.0011.00-9.008.006.00---762-----8.00
    LT Debt, Non Current-22.5%1,1271,455-1,4411,4751,4661,480-1,1651,2331,3151,355-1,3185391,3051,347-1,3911,5451,641
Shareholder's Equity---------------------784
Float-----169----129----205----46.00-
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations170.1%44.0016.0059.002.0050.002.0037.0014.0046.0037.0042.0035.0051.0052.0041.0035.0070.0034.0043.0039.0045.00
  Share Based Compensation96.9%3.001.001.002.002.001.001.001.002.001.001.001.002.002.002.002.003.003.001.002.003.00
Cashflow From Investing3318.6%609-18.91-17.63-15.67-22.55-31431.0072.00-15.30-59.84-58.98-46.68-0.23-15.67-17.96-30.54-76.40-25.58-45.13-48.6528.00
Cashflow From Financing-62643.1%-3201.00-37.475.00-17.39312-68.94-83.07-37.8436.0016.00-4.89-42.44-70.86-14.80-40.3947.0018.007.00-0.17-74.77
  Buy Backs----------------------
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SMLP Income Statement

2024-03-31
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:  
Total revenues$ 118,871$ 112,499
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$ 30,182$ 30,882
Operation and maintenance25,01223,972
General and administrative14,7859,987
Depreciation and amortization27,86729,824
Transaction costs7,791302
Acquisition integration costs401,502
Gain on asset sales, net(27)(68)
Long-lived asset impairments67,9160
Total costs and expenses173,56696,401
Other income (expense), net(13)56
Gain (loss) on interest rate swaps2,590(1,273)
Gain on sale of business86,20218
Gain on sale of equity method investment126,2610
Interest expense(37,846)(34,223)
Income (loss) before income taxes and equity method investment income122,499(19,324)
Income tax benefit (expense)(210)252
Income from equity method investees10,6384,909
Net income (loss)132,927(14,163)
Less: Net income attributable to Subsidiary Series A Preferred Units(3,770)(1,746)
Net income (loss) attributable to Summit Midstream Partners, LP129,157(15,909)
Less: net income attributable to Series A Preferred Units(3,220)(2,639)
Net income (loss) attributable to common limited partners$ 125,937$ (18,548)
Net income (loss) per limited partner unit:  
Common unit - basic (in dollars per share)$ 12.05$ (1.82)
Common unit - diluted (in dollars per share)$ 11.47$ (1.82)
Weighted-average limited partner units outstanding:  
Common units - basic (in shares)10,44910,213
Common units - diluted (in shares)10,98010,213
Gathering services and related fees  
Revenues:  
Total revenues$ 61,985$ 57,371
Natural gas, NGLs and condensate sales  
Revenues:  
Total revenues49,09249,163
Other revenues  
Revenues:  
Total revenues$ 7,794$ 5,965

SMLP Balance Sheet

2024-03-31
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS  
Cash and cash equivalents$ 344,590$ 14,044
Restricted cash3,4542,601
Accounts receivable66,58776,275
Other current assets5,9355,502
Total current assets420,56698,422
Property, plant and equipment, net1,447,4431,698,585
Intangible assets, net147,304175,592
Investment in equity method investees273,476486,434
Other noncurrent assets31,78635,165
TOTAL ASSETS2,320,5752,494,198
LIABILITIES AND CAPITAL  
Trade accounts payable18,06322,714
Accrued expenses36,55432,377
Deferred revenue8,89910,196
Ad valorem taxes payable3,2828,543
Accrued compensation and employee benefits2,8246,815
Accrued interest44,82619,298
Accrued environmental remediation1,8541,483
Accrued settlement payable6,6676,667
Current portion of long-term debt29,09815,524
Other current liabilities7,47610,395
Total current liabilities159,543134,012
Long-term debt, net of issuance costs1,127,2871,455,166
Noncurrent deferred revenue28,76130,085
Noncurrent accrued environmental remediation1,2781,454
Other noncurrent liabilities28,29830,266
TOTAL LIABILITIES1,345,1671,650,983
Commitments and contingencies (Note 14)
Mezzanine Capital  
Subsidiary Series A Preferred Units (93,039 units issued and outstanding at March 31, 2024 and December 31, 2023)126,794124,652
Partners' Capital  
Series A Preferred Units (65,508 units issued and outstanding at March 31, 2024 and December 31, 2023)100,11396,893
Common limited partner capital (10,648,685 and 10,376,189 units issued and outstanding at March 31, 2024 and December 31, 2023, respectively)748,501621,670
Total partners' capital848,614718,563
TOTAL LIABILITIES AND CAPITAL$ 2,320,575$ 2,494,198
SMLP
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
 WEBSITEsummitmidstream.com
 INDUSTRYOil - Midstream
 EMPLOYEES252

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 Tue Jun 18 2024, market cap of Summit Midstream Partners LP is 359.82 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 Tue Jun 18 2024, SMLP's PE ratio (Price to Earnings) is -6.98 and Price to Sales (PS) ratio is 0.77. 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 -0.266 (multiply by 100 for percentage) rate of return.