Summit Midstream Partners (SMLP) Stock Price, News & Analysis

Company Overview

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 and freshwater delivery services. Its assets include Summit Utica system comprising the Utica and Point Pleasant shale formations in southeastern Ohio; Mountaineer Midstream system that includes the Marcellus shale in the Appalachian Basin in West Virginia; Polar and Divide system includes the Bakken and Three Forks shale formations in northwestern North Dakota; Niobrara G&P system, which comprises the Niobrara and Codell shale formations located near Hereford, Colorado. The company's assets also include Double E, a 135 mile interstate natural gas transmission pipeline; Grand River system that gathers natural gas produced from the Mancos and Niobrara shale formations in western Colorado; and DFW Midstream system comprising the Barnett Shale formation located in north-central Texas. In addition, it 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.

Key Stats

• Today's Range: $36.48 to $38.05
• 50-Day Range: $33.93 to $38.05
• 52-Week Range: $13.00 to $38.05
• Volume: 74,800 shs
• Average Volume: 41,874 shs
• Market Capitalization: $396.33 million
• P/E Ratio: 5.31
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

SMLP Stock Analysis - Frequently Asked Questions

How were Summit Midstream Partners' earnings last quarter?

Summit Midstream Partners, LP (NYSE:SMLP) announced its quarterly earnings results on Thursday, November, 4th. The pipeline company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of $0.21 by $0.38. The pipeline company earned $102.05 million during the quarter. Summit Midstream Partners had a net margin of 23.24% and a trailing twelve-month return on equity of 25.67%.

When did Summit Midstream Partners' stock split?

Shares of Summit Midstream Partners reverse split on the morning of Tuesday, November 10th 2020. The 1-15 reverse split was announced on Friday, October 30th 2020. The number of shares owned by shareholders was adjusted after the market closes on Monday, November 9th 2020. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split.

Does Summit Midstream Partners have any subsidiaries?

Summit Midstream Partners subsidiaries include these companies: Bison Midstream LLC, DFW Midstream Services LLC, Epping Transmission Company LLC, Grand River Gathering LLC, Meadowlark Midstream Company LLC, Mountaineer Midstream Company LLC, Polar Midstream LLC, and others.

Who are Summit Midstream Partners' major shareholders?

Top institutional shareholders of Summit Midstream Partners include Belvedere Trading LLC.
View institutional ownership trends.

What other stocks do shareholders of Summit Midstream Partners own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Summit Midstream Partners investors own include Chembio Diagnostics (CEMI), Prospect Capital (PSEC), Calumet Specialty Products Partners (CLMT), Two Harbors Investment (TWO), BlackRock Capital Investment (BKCC), Washington Prime Group (WPG) and Viper Energy (VNOM).

Company Calendar

• Last Earnings: 11/04/2021
• Today: 12/25/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Natural gas transmission
• Sub-Industry: Utilities
• Current Symbol: NYSE:SMLP
• CUSIP: N/A
• CIK: 1549922
• Web: www.summitmidstream.com
• Phone: (832) 413-4770
• Fax: N/A
• Employees: 250
• Year Founded: 2009

Profitability

• EPS (Most Recent Fiscal Year): $7.17
• Trailing P/E Ratio: 5.31
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-38,950,000.00
• Net Margins: 23.24%
• Pretax Margin: 14.91%
• Return on Equity: 25.67%
• Return on Assets: 6.93%

Debt

• Debt-to-Equity Ratio: 1.51
• Current Ratio: 2.64
• Quick Ratio: 2.64

Sales & Book Value

• Annual Sales: $465.28 million
• Price / Sales: 0.85
• Cash Flow: $10.23 per share
• Price / Cash Flow: 3.72
• Book Value: $59.91 per share
• Price / Book: 0.64

Miscellaneous

• Outstanding Shares: 10,416,000
• Free Float: 9,864,000
• Market Cap: $396.33 million
• Optionable: Optionable
• Beta: 2.41