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SMLP

Summit Midstream Partners, LP
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About Summit Midstream Partners, LP

Summit Midstream Partners, LP (SMLP) is an energy enterprise primarily dedicated to acquiring, expanding, and managing essential midstream infrastructure assets. The company predominantly concentrates its efforts on various shale formations located throughout the continental United States. SMLP's service offerings encompass a broad range of midstream activities, including the collection, compression, treatment, and processing of natural gas, as well as the gathering of crude oil and produced water. The firm's operational presence spans a diverse array of prominent unconventional resource basins. These key areas include the Utica and Point Pleasant shale formations in southeastern Ohio; the Williston Basin, which comprises the Bakken and Three Forks shale plays in northwestern North Dakota; and the Denver-Julesburg Basin in Colorado, home to the Niobrara and Codell shale formations. Operations also extend to the Permian Basin in New Mexico, targeting the Bone Spring and Wolfcamp shales. In western Colorado, SMLP is active within the Piceance Basin, handling production from the Mesaverde, Mancos, and Niobrara formations. Further strategic locations include the Barnett Shale in north-central Texas and the Marcellus Shale in northern West Virginia. Beyond its direct operations, Summit Midstream Partners possesses an ownership stake in Ohio Gathering, an entity that owns and operates facilities for natural gas gathering and condensate stabilization within southeastern Ohio's Utica Shale. The company primarily serves natural gas and crude oil producers. Established in 2009, SMLP is governed by its general partner, Summit Midstream GP, LLC, and its corporate headquarters are situated in Houston, Texas.

CEO
J. Heath Deneke
IPO Date
Sep 28, 2012

Market Data

OpenThe first traded price for the current trading session.
$36.75
HighThe highest traded price in the current trading session.
$38.05
LowThe lowest traded price in the current trading session.
$36.59
VolumeTotal shares traded during the current trading session.
74.8K
Avg VolumeAverage number of shares traded per session, as reported by FMP.
34.4K
52W HighThe highest traded price over the past 52 weeks.
$40.75
52W LowThe lowest traded price over the past 52 weeks.
$13.00

Valuation

Market CapCompany equity value based on share price multiplied by shares outstanding.
$405M
Enterprise ValueMarket cap plus debt and other claims, less cash and equivalents.
$1.9B
Dividend YieldAnnualized dividend yield relative to the current share price.
0.00%

Financials

Free Cash FlowOperating cash flow minus capital expenditures from the latest annual cash flow statement.
$58M
RevenueTotal sales from the latest annual income statement.
$459M
Net IncomeProfit after expenses and taxes from the latest annual income statement.
$-39M
CashCash and equivalents, or cash plus short-term investments, from the latest balance sheet.
$14M
DebtTotal debt from the latest balance sheet.
$1.5B

Events

EarningsApr 30

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