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NYSE:SMLP

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

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About Summit Midstream Partners Stock (NYSE:SMLP)

Key Stats

Today's Range
$36.48
$38.05
50-Day Range
$33.93
$38.05
52-Week Range
$13.00
$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

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.

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SMLP Stock News Headlines

Summit Midstream Partners LP (SMC)
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SMLP Stock Analysis - Frequently Asked Questions

Summit Midstream Partners, LP (NYSE:SMLP) released its quarterly earnings results on Thursday, November, 4th. The pipeline company reported ($0.17) earnings per share for the quarter, missing the consensus estimate 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%.

Summit Midstream Partners shares 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 closing bell 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.

Summit Midstream Partners subsidiaries include 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 more.

Summit Midstream Partners' top institutional shareholders include Belvedere Trading LLC.
View institutional ownership trends
.

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
12/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
Utilities
Fax
N/A
Employees
250
Year Founded
2009

Profitability

Net Income
$-38,950,000.00
Pretax Margin
14.91%

Debt

Sales & Book Value

Annual Sales
$465.28 million
Cash Flow
$10.23 per share
Book Value
$59.91 per share

Miscellaneous

Free Float
9,864,000
Market Cap
$396.33 million
Optionable
Optionable
Beta
2.41

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This page (NYSE:SMLP) was last updated on 12/1/2024 by MarketBeat.com Staff
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