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SMLP

Summit Midstream Partners, LP

Energy

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Price alert · SMLP

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38.05 0.00 0.00%
As of Jul 31, 2024
36.59 Day range 38.05

52-week range unavailable

Open
36.75
Prev close
38.05
Mkt cap
405.18M
Vol
74.81K
Avg vol
0
EPS
0.00
P/E
0.00
Div yield
0.00%
More statistics
Low
36.59
High
38.05
Forward P/E
22.38
Beta
2.45
Short ratio
5.40
Inst. own
35.02%
Dividend
0.00
Ex-div date
Feb 5, 2020
Earnings
Aug 14, 2024
50-d avg
35.15
200-d avg
25.61
1y target
0.00

2Y chart

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Key statistics

Market cap
405.18M
Enterprise value
1.44B
Trailing P/E
5.30
Forward P/E
22.38
PEG ratio
0.00
Price / sales
0.87
Price / book
0.54
EPS (TTM)
7.18
Beta
2.45
Dividend yield
0.00%
Payout ratio
0.00%
Profit margin
23.20%
Revenue (TTM)
466.21M
Revenue growth
5.70%
Free cash flow
44.89M
Total cash
344.59M
Total debt
1.16B
Return on equity
11.73%
Shares outstanding
10.65M
Short % of float
1.91%
50-day average
35.15
200-day average
25.61

Analyst view

Consensus: hold

Hold
Price target (mean) 0.00
Ratings (0m) 9 3 buy · 4 hold · 2 sell
  • Strong buy2
  • Buy1
  • Hold4
  • Sell2
  • Strong sell0

Next earnings

Aug 14, 2024

Expected Aug 14, 2024. Consensus EPS estimate 0.00.

Earnings history

Financials — quick view

All financials
SMLP Revenue — quarterly 118.87M
2020-06-302020-09-302020-12-312021-03-312021-06-302021-09-302021-12-312022-03-312022-06-302022-09-302022-12-312023-03-312023-06-302023-09-302023-12-312024-03-31
SMLP Net income — quarterly 129.16M
2020-06-302020-09-302020-12-312021-03-312021-06-302021-09-302021-12-312022-03-312022-06-302022-09-302022-12-312023-03-312023-06-302023-09-302023-12-312024-03-31
SMLP EPS — quarterly 12.05
2020-06-302020-09-302020-12-312021-03-312021-06-302021-09-302021-12-312022-03-312022-06-302022-09-302022-12-312023-03-312023-06-302023-09-302023-12-312024-03-31

Earnings

SMLP recent earnings
Report dateQuarter endingEPS estimateEPS reportedSurpriseSurprise %
Aug 14, 2024Jun 1, 20240.00———
May 2, 2024Mar 1, 20240.00———
Mar 15, 2024Dec 1, 20230.00———
Aug 9, 2023Jun 1, 20230.00———
May 5, 2023Mar 1, 20230.00———
Feb 24, 2023Dec 1, 20220.00———

Upgrades / downgrades

SMLP analyst upgrades and downgrades
DateFirmActionFromTo
Mar 14, 2023RBC Capitalmain—Sector Perform

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 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.

Sector
Energy
Industry
Oil & Gas Midstream
Country
United States

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Insider holders

SMLP insider holders
InsiderRelationLatest transactionDateShares held
CLEARY JAMES JAffiliated PersonStock Award(Grant)Jan 17, 202430,209
DENEKE J HEATHOfficer and DirectorConversion of Exercise of derivative securityMar 14, 2024288,006
JACOBE JAMES LEEAffiliated PersonStock Award(Grant)Jan 17, 202438,891
JOHNSTON JAMES DAVIDOfficerSaleMar 21, 202448,201
MAULT WILLIAM JOfficerConversion of Exercise of derivative securityMar 14, 202440,282
MCNALLY ROBERT JOSEPHAffiliated PersonStock Award(Grant)Jan 17, 202430,209

Institution ownership

SMLP institution ownership
Holder% heldSharesValueReported
Invesco Ltd.8.81%914,07114.85MJun 29, 2023
Shenkman Capital Management Inc8.61%893,86614.53MJun 29, 2023
Bank of America Corporation4.56%473,5647.70MJun 29, 2023
CQS (US), LLC4.53%469,5397.63MJun 29, 2023
Ares Management LLC3.34%346,6285.63MJun 29, 2023
Goldman Sachs Group Inc2.57%266,8154.34MJun 29, 2023

Fund ownership

SMLP fund ownership
Holder% heldSharesValueReported
Invesco Steelpath MLP Income Fund7.12%738,62911.18MMay 30, 2023
Invesco Steelpath MLP Select 40 Fund1.69%175,4422.66MMay 30, 2023
Goldman Sachs High Yield Fund1.22%127,0012.06MJun 29, 2023
Virtus Asset Tr-Virtus SEIX Floating Rate High Income Fd1.04%108,2931.76MJun 29, 2023
Goldman Sachs Income Builder Fund0.84%86,9151.40MJul 30, 2023
American Century High Income Fund0.44%45,521739.72KJun 29, 2023
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