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SMLP

Summit Midstream Partners LP

SMLP

17.68USD-0.31 (-1.72%)Market Closed
Watchlist

Market Summary

USD17.68-0.31
Market Closed
-1.72%

SMLP Alerts

  • Big jump in Revenue (Y/Y)
  • Big jump in Earnings (Y/Y)

SMLP Stock Price

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SMLP RSI Chart

SMLP Valuation

SMLP Price/Sales (Trailing)

SMLP Profitability

EBT Margin

-17.77%

Return on Assets

-2.45%

SMLP Fundamentals

SMLP Revenue

Revenue (TTM)

417.3M

Revenue Y/Y

36.66%

Revenue Q/Q

23.8%

SMLP Earnings

Earnings (TTM)

-61.5M

Earnings Y/Y

102.27%

Earnings Q/Q

101.47%

Price Action

Last 7 days

-10.2%

Last 30 days

-10.7%

Last 90 days

31.7%

Trailing 12 Months

-11.6%

How does SMLP drawdown profile look like?

SMLP Financial Health

Current Ratio

0.75

SMLP Investor Care

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023386.0M384.8M417.3M0
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
201176.7M83.7M85.4M103.6M
201000031.7M

Latest Insider Trading transactions for SMLP

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Nov 10, 2023
johnston james david
sold
-10,869
20.47
-531
see remarks below.
Nov 09, 2023
johnston james david
sold
-40,279
20.19
-1,995
see remarks below.
Nov 08, 2023
johnston james david
sold
-5,207
20.03
-260
see remarks below.
Nov 07, 2023
johnston james david
sold
-31,927
20.03
-1,594
see remarks below.
Nov 06, 2023
johnston james david
sold
-16,527
20.23
-817
see remarks below.
Nov 02, 2023
johnston james david
sold
-4,832
20.05
-241
see remarks below.
Oct 05, 2023
johnston james david
sold
-51,368
20.05
-2,562
see remarks below.
Jun 15, 2023
johnston james david
sold
-25,279
17.00
-1,487
see remarks below.
Apr 18, 2023
peters jerry l
gifted
-
-
-6,350
-
Mar 15, 2023
sicinski matthew b.
acquired
-
-
5,547
see remarks below.

1–10 of 50

Which funds bought or sold SMLP recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Nov 15, 2023
MORGAN STANLEY
reduced
-5.29
-19,389
81,021
-%
Nov 15, 2023
JANE STREET GROUP, LLC
new
-
188,292
188,292
-%
Nov 15, 2023
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
unchanged
-
-73,000
421,000
-%
Nov 14, 2023
NOMURA HOLDINGS INC
reduced
-2.45
-631,270
3,106,180
0.01%
Nov 14, 2023
Blackstone Inc.
unchanged
-
-139,500
803,065
-%
Nov 14, 2023
JPMORGAN CHASE & CO
added
13.1
-120,249
3,184,060
-%
Nov 14, 2023
GOLDMAN SACHS GROUP INC
unchanged
-
-641,690
3,694,050
-%
Nov 14, 2023
FARALLON CAPITAL MANAGEMENT LLC
unchanged
-
-140,005
805,973
-%
Nov 14, 2023
Royal Bank of Canada
added
36.99
39,000
267,000
-%
Nov 14, 2023
ARES MANAGEMENT LLC
unchanged
-
-833,640
4,799,060
0.12%

1–10 of 37

Latest Funds Activity

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

Schedule 13G FIlings of Summit Midstream Partners LP

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Oct 09, 2020
kayne anderson capital advisors lp
4.58%
3,016,502
SC 13G/A
Sep 10, 2020
invesco ltd.
24.9%
13,906,836
SC 13G/A
Sep 08, 2020
kayne anderson capital advisors lp
6.07%
4,000,380
SC 13G

Recent SEC filings of Summit Midstream Partners LP

View All Filings
Date Filed Form Type Document
Nov 22, 2023
8-K
Current Report
Nov 14, 2023
4
Insider Trading
Nov 08, 2023
4
Insider Trading
Nov 07, 2023
10-Q
Quarterly Report
Nov 03, 2023
8-K
Current Report
Nov 03, 2023
4
Insider Trading
Nov 02, 2023
144
Notice of Insider Sale Intent
Oct 10, 2023
4
Insider Trading
Oct 05, 2023
8-K
Current Report
Oct 05, 2023
144
Notice of Insider Sale Intent

Summit Midstream Partners LP News

Latest updates
StockNews.com08 Dec 202305:13 pm44 hours ago
Defense World08 Dec 202308:45 am2 days ago
Yahoo Finance05 Nov 202307:00 am35 days ago
Yahoo Finance03 Nov 202307:00 am37 days ago
PR Newswire03 Nov 202307:00 am37 days ago
Barchart03 Nov 202307:00 am37 days ago
The Business Journals04 Oct 202307:00 am2 months ago
Yahoo Finance03 Oct 202307:00 am2 months ago
Investing.com UK03 Oct 202307:00 am2 months ago
Seeking Alpha29 Sep 202307:00 am2 months ago
PR Newswire09 Aug 202307:00 am4 months ago
PR Newswire05 May 202307:00 am7 months ago
Dividend Investor01 May 202307:00 am7 months ago
PR Newswire24 Feb 202308:00 am9 months ago
Seeking Alpha11 Jan 202308:00 am11 months ago

Financials for Summit Midstream Partners LP

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Revenue23.8%12198.0011286.0089.0099.0096.0099.0010210099.0096.0090.0092.00105112100100131134127
Costs and Expenses8.9%95.0088.0096.0083.0083.0017483.0093.0082.0092.0077.0010771.0071.0080.0098.0087.0073.0014811191.00
  S&GA Expenses2.6%11.0011.0010.0013.009.0010.0013.0010.008.0029.0010.0034.0011.0013.0017.0017.0010.0011.0018.0015.0012.00
EBITDA Margin3.1%0.43*0.42*0.19*0.22*0.22*0.24*0.40*0.39*0.66*0.74*0.98*0.98*0.73*0.62*0.49*------
Interest Expenses-1.7%35.0035.0034.0028.0025.0025.0024.0021.0016.0016.0014.0014.0019.0022.0024.0023.0023.0022.0023.0038.0015.00
Income Taxes-0.00--0.250.00-0.070.000.000.00-0.08-0.25-0.01-0.040.00-0.39-0.01-0.200.001.000.000.00-0.04
Earnings Before Taxes69.8%-6.26-20.72-19.32-27.82-13.59-95.87-3.99-17.385.00-22.297.0099.0025.0053.000.00-8.89-10.434.00-39.5838.0059.00
EBT Margin16.1%-0.18*-0.21*-0.41*-0.38*-0.34*-0.28*-0.10*-0.07*0.22*0.28*0.49*0.46*0.22*0.13*0.01*------
Net Income101.5%0.00-17.04-15.91-28.85-11.07-94.97-5.72-20.603.00-23.835.0099.0018.0057.005.00-172-10.343.00-40.2819.0030.00
Net Income Margin22.1%-0.15*-0.19*-0.39*-0.38*-0.35*-0.30*-0.12*-0.09*0.21*0.26*0.47*0.47*-0.62*-0.68*-0.79*------
Free Cashflow---33.00-7.5830.008.0037.0024.0036.0031.0049.0044.0034.0026.0052.00-12.31-----
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets-1.3%2,5132,5452,5602,2402,3102,4952,5222,5012,4742,4732,5002,5732,5872,6262,5742,9012,8982,9013,0332,9782,966
  Current Assets-12.1%83.0094.0098.0076.0079.0076.0087.0086.0080.0091.0082.0013112316114099.0087.0010011890.0091.00
    Cash Equivalents---------------------8.00
  Net PPE-0.5%1,7041,7121,7191,4771,5311,7061,7261,7481,7691,7881,8141,8401,8561,8701,8821,8991,8791,8741,9641,9121,888
  Goodwill-----------------16.0016.0016.0016.0016.00
Liabilities-1.1%1,6581,6771,6771,3331,3941,4861,5121,4751,4711,4501,4871,6711,7111,7801,7611,8271,7911,7621,6421,7271,729
  Current Liabilities-16.7%11013211897.0087.0095.0079.0073.0084775.0068.0023211385.0090.0038337219513089.0082.00
    LT Debt, Current10.4%13.0012.0011.009.008.006.00--762----8.006.00---15.00--
    LT Debt, Non Current0.7%1,4751,4661,4801,1651,2331,3151,3551,3185391,3051,3471,3911,5451,6411,6221,3931,3661,2261,4641,1751,147
Shareholder's Equity--------------784785--1,3241,392--
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
Description(%) Q/Q2018Q32018Q12017Q32017Q22017Q12016Q42016Q32016Q22015Q42015Q22014Q4
Cashflow From Operations8.4%55,497,33351,210,00075,156,00058,892,00062,449,00061,790,00037,205,00065,750,00047,843,75052,498,00038,238,250
  Share Based Compensation0.2%1,965,0001,962,0001,974,000--------
Cashflow From Investing-Infinity%-45,582,000--43,984,000-42,357,000-19,725,000-31,430,000-35,813,000-29,535,000-78,536,000-408,375,000-346,200,750
Cashflow From Financing-Infinity%-10,268,666--31,649,333--43,867,000-30,529,000-538,000-41,460,000112,331,750363,090,000308,469,250
  Buy Backs---------80,131,750301,267,000168,595,750

SMLP Income Statement

2023-09-30
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:    
Total revenues$ 121,193$ 88,682$ 331,585$ 283,871
Costs and expenses:    
Cost of natural gas and NGLs27,11015,08077,96764,162
Operation and maintenance26,16121,87775,29161,216
General and administrative11,0988,55031,89731,983
Depreciation and amortization30,77828,84190,73489,397
Transaction costs1441,5179261,750
Acquisition integration costs17102,3960
Gain on asset sales, net(40)(99)(183)(409)
Long-lived asset impairments07,01645591,644
Total costs and expenses95,42282,782279,483339,743
Other income (expense), net(315)0747(4)
Gain on interest rate swaps2,8565,5274,85116,491
Loss on sale of business(9)(85)(45)(85)
Interest expense(34,568)(24,932)(103,966)(73,982)
Loss before income taxes and equity method investment income(6,265)(13,590)(46,311)(113,452)
Income tax benefit (expense)(72)68180(307)
Income from equity method investees10,2115,73422,30214,162
Net income (loss)3,874(7,788)(23,829)(99,597)
Net income (loss) attributable to Summit Midstream Partners, LP$ 251$ (11,066)$ (32,694)$ (111,752)
Net loss per limited partner unit:    
Common unit - basic (in dollars per share)$ (0.27)$ (1.28)$ (3.99)$ (9.68)
Common unit - diluted (in dollars per share)$ (0.27)$ (1.28)$ (3.99)$ (9.68)
Series A Preferred Units | Subsidiary    
Costs and expenses:    
Less: Net income attributable to Subsidiary Series A Preferred Units$ (3,623)$ (3,278)$ (8,865)$ (12,155)
Common Units    
Costs and expenses:    
Net loss attributable to common limited partners$ (2,753)$ (13,028)$ (41,136)$ (96,848)
Weighted-average limited partner units outstanding:    
Common units - basic (in shares)10,37610,16810,32010,003
Common units - diluted (in shares)10,37610,16810,32010,003
Gathering services and related fees    
Revenues:    
Total revenues$ 66,035$ 61,814$ 180,492$ 187,465
Natural gas, NGLs and condensate sales    
Revenues:    
Total revenues45,12016,628130,36567,364
Other revenues    
Revenues:    
Total revenues$ 10,038$ 10,240$ 20,728$ 29,042

SMLP Balance Sheet

2023-09-30
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS  
Cash and cash equivalents$ 17,097$ 11,808
Restricted cash1,7981,723
Accounts receivable78,91575,287
Other current assets3,1598,724
Total current assets100,96997,542
Property, plant and equipment, net1,695,4591,718,754
Intangible assets, net182,195198,718
Investment in equity method investees491,747506,677
Other noncurrent assets39,14438,273
TOTAL ASSETS2,509,5142,559,964
LIABILITIES AND CAPITAL  
Trade accounts payable15,49614,052
Accrued expenses31,54220,601
Deferred revenue11,2629,054
Ad valorem taxes payable7,96910,245
Accrued compensation and employee benefits5,26916,319
Accrued interest39,46817,355
Accrued environmental remediation1,3651,365
Accrued settlement payable6,6596,667
Current portion of long-term debt14,25810,507
Other current liabilities9,31311,724
Total current liabilities142,601117,889
Long-term debt, net of issuance costs1,440,8321,479,855
Noncurrent deferred revenue31,28037,694
Noncurrent accrued environmental remediation1,7012,340
Other noncurrent liabilities34,54638,784
TOTAL LIABILITIES1,650,9601,676,562
Commitments and contingencies (Note 14)
Mezzanine Capital  
Subsidiary Series A Preferred Units (93,039 units issued and outstanding at September 30, 2023 and December 31, 2022)122,564118,584
Partners' Capital  
Series A Preferred Units (65,508 units issued and outstanding at September 30, 2023 and December 31, 2022)93,76985,327
Common limited partner capital (10,376,189 and 10,182,763 units issued and outstanding at September 30, 2023 and December 31, 2022, respectively)642,221679,491
Total partners' capital735,990764,818
TOTAL LIABILITIES AND CAPITAL$ 2,509,514$ 2,559,964
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
 WEBSITEwww.summitmidstream.com
 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 fair value of SMLP stock?

You can check SMLP's fair value in chart. 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 5 year return on Summit Midstream Partners LP's stock?

In the past 10 years, Summit Midstream Partners LP has provided -0.235 (multiply by 100 for percentage) rate of return.