Summit Midstream Partners, LP Company Profile (NYSE:SMLP)

About Summit Midstream Partners, LP (NYSE:SMLP)

Summit Midstream Partners, LP logoSummit Midstream Partners, LP focuses on developing, owning and operating midstream energy infrastructure assets. The Company's segments include the Utica Shale, which includes its ownership interest in Ohio Gathering, as well as Summit Utica; the Williston Basin, which includes Bison Midstream, Polar and Divide and Tioga Midstream; the Marcellus Shale, which includes Mountaineer Midstream; the Barnett Shale, which includes DFW Midstream Services LLC (DFW Midstream), and the Piceance Basin /DJ Basins, which includes Grand River and Niobrara G&P. The Company's assets are located in the producing areas of unconventional resource basins, primarily shale formations, in the continental United States. It provides natural gas gathering, treating and processing services, as well as crude oil and produced water gathering services pursuant to long-term and fee-based agreements with its customers.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Transportation Services
  • Sub-Industry: N/A
  • Symbol: NYSE:SMLP
  • CUSIP: N/A
  • Web: www.summitmidstream.com
Capitalization:
  • Market Cap: $1.48 billion
  • Outstanding Shares: 73,058,000
Average Prices:
  • 50 Day Moving Avg: $20.98
  • 200 Day Moving Avg: $22.31
  • 52 Week Range: $19.15 - $26.50
P/E:
  • Trailing P/E Ratio: 88.35
  • Foreward P/E Ratio: 26.71
  • P/E Growth: 20.25
Sales & Book Value:
  • Annual Revenue: $459.61 million
  • Price / Sales: 3.23
  • Book Value: $14.66 per share
  • Price / Book: 1.38
Dividend:
  • Annual Dividend: $2.30
  • Dividend Yield: 11.0%
Profitability:
  • EBITDA: $279.66 million
  • Net Margins: 5.78%
  • Return on Equity: 3.55%
  • Return on Assets: 1.33%
Debt:
  • Debt-to-Equity Ratio: 1.15%
  • Current Ratio: 1.00%
  • Quick Ratio: 1.00%
Misc:
  • Average Volume: 130,822 shs.
  • Beta: 1.7
  • Short Ratio: 3.15
 

Frequently Asked Questions for Summit Midstream Partners, LP (NYSE:SMLP)

What is Summit Midstream Partners, LP's stock symbol?

Summit Midstream Partners, LP trades on the New York Stock Exchange (NYSE) under the ticker symbol "SMLP."

How often does Summit Midstream Partners, LP pay dividends? What is the dividend yield for Summit Midstream Partners, LP?

Summit Midstream Partners, LP announced a quarterly dividend on Thursday, July 27th. Stockholders of record on Monday, August 7th will be given a dividend of $0.575 per share on Monday, August 14th. This represents a $2.30 annualized dividend and a dividend yield of 11.33%. The ex-dividend date is Thursday, August 3rd. View Summit Midstream Partners, LP's Dividend History.

How were Summit Midstream Partners, LP's earnings last quarter?

Summit Midstream Partners, LP (NYSE:SMLP) released its quarterly earnings results on Thursday, August, 3rd. The company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.02) by $0.14. The business earned $101.79 million during the quarter, compared to analysts' expectations of $99.40 million. Summit Midstream Partners, LP had a return on equity of 3.55% and a net margin of 5.78%. View Summit Midstream Partners, LP's Earnings History.

When will Summit Midstream Partners, LP make its next earnings announcement?

Summit Midstream Partners, LP is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for Summit Midstream Partners, LP.

Where is Summit Midstream Partners, LP's stock going? Where will Summit Midstream Partners, LP's stock price be in 2017?

6 brokers have issued 12-month price objectives for Summit Midstream Partners, LP's stock. Their forecasts range from $24.00 to $28.00. On average, they expect Summit Midstream Partners, LP's share price to reach $26.20 in the next twelve months. View Analyst Ratings for Summit Midstream Partners, LP.

Who are some of Summit Midstream Partners, LP's key competitors?

Who are Summit Midstream Partners, LP's key executives?

Summit Midstream Partners, LP's management team includes the folowing people:

  • Steven J. Newby, President, Chief Executive Officer, Director of General Partner
  • Matthew S. Harrison CPA, Chief Financial Officer, Executive Vice President of General Partner
  • Leonard W. Mallett, Chief Operations Officer, Executive Vice President of General Partner
  • Brock M. Degeyter, Executive Vice President, Chief Compliance Officer, General Counsel, Secretary of General Partner
  • Brad N. Graves, Executive Vice President, Corporate Development and Chief Commercial Officer of General Partner
  • Louise E. Matthews, Senior Vice President, Human Resources and Corporate Communications of General Partner
  • Matthew F. Delaney, Director of General Partner
  • Peter L. Labbat, Director of General Partner
  • Thomas K. Lane, Director of General Partner
  • Scott A. Rogan, Director of General Partner

How do I buy Summit Midstream Partners, LP stock?

Shares of Summit Midstream Partners, LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Summit Midstream Partners, LP's stock price today?

One share of Summit Midstream Partners, LP stock can currently be purchased for approximately $20.30.


MarketBeat Community Rating for Summit Midstream Partners, LP (NYSE SMLP)
Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  201 (Vote Outperform)
Underperform Votes:  206 (Vote Underperform)
Total Votes:  407
MarketBeat's community ratings are surveys of what our community members think about Summit Midstream Partners, LP and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Summit Midstream Partners, LP (NYSE:SMLP) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 2 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $26.20 (29.06% upside)
Consensus Price Target History for Summit Midstream Partners, LP (NYSE:SMLP)
Price Target History for Summit Midstream Partners, LP (NYSE:SMLP)
Analysts' Ratings History for Summit Midstream Partners, LP (NYSE:SMLP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/11/2017Robert W. BairdLower Price TargetOutperform$28.00 -> $27.00HighView Rating Details
7/24/2017Citigroup Inc.Reiterated RatingNeutral$22.00 -> $24.00LowView Rating Details
7/18/2017Barclays PLCDowngradeEqual Weight -> Underweight$25.00 -> $24.00HighView Rating Details
6/6/2017Royal Bank Of CanadaReiterated RatingBuy$28.00MediumView Rating Details
1/27/2017Credit Suisse GroupDowngradeOutperform -> Neutral$30.00 -> $28.00N/AView Rating Details
1/11/2017Wells Fargo & CompanyUpgradeMarket Perform -> BuyN/AView Rating Details
5/12/2016Goldman Sachs Group, Inc. (The)Boost Price TargetNeutral$16.00 -> $18.00N/AView Rating Details
5/9/2016WunderlichBoost Price TargetBuy$20.00 -> $23.00N/AView Rating Details
2/24/2016US Capital AdvisorsDowngradeOverweight -> UnderweightN/AView Rating Details
1/15/2016Summit ResearchDowngradeOutperform -> Market PerformN/AView Rating Details
11/16/2015Deutsche Bank AGLower Price TargetBuy$25.00 -> $22.00N/AView Rating Details
11/10/2015SunTrust Banks, Inc.Lower Price TargetNeutral$33.00 -> $24.00N/AView Rating Details
(Data available from 10/23/2015 forward)

Earnings

Earnings History for Summit Midstream Partners, LP (NYSE:SMLP)
Earnings by Quarter for Summit Midstream Partners, LP (NYSE:SMLP)
Earnings History by Quarter for Summit Midstream Partners, LP (NYSE SMLP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/1/2017$0.02N/AView Earnings Details
8/3/2017Q2 2017($0.02)$0.12$99.40 million$101.79 millionViewListenView Earnings Details
8/4/2016Q216$0.14($0.77)$101.88 million$89.64 millionViewListenView Earnings Details
5/5/2016Q116$0.24($0.12)$93.19 million$90.57 millionViewListenView Earnings Details
2/25/2016Q415$0.10($3.28)$78.34 million$102.60 millionViewListenView Earnings Details
11/9/2015Q315$0.03$0.32$79.39 million$103.25 millionViewListenView Earnings Details
8/6/2015Q215$0.11$0.05$93.90 million$77.27 millionViewListenView Earnings Details
2/26/2015Q414$0.21$0.36$93.60 million$94.66 millionViewListenView Earnings Details
11/6/2014Q3$0.24$0.08$86.20 million$79.03 millionViewListenView Earnings Details
8/7/2014Q2$0.22$0.05$83.90 million$80.80 millionViewListenView Earnings Details
5/27/2014$0.25$0.08ViewN/AView Earnings Details
5/6/2014Q1$0.24$0.08$74.70 million$76.20 millionViewListenView Earnings Details
11/8/2013Q313$0.29$0.12$65.84 million$63.10 millionViewListenView Earnings Details
8/8/2013Q2 2013$0.25$0.16$47.63 million$59.29 millionViewListenView Earnings Details
5/13/2013Q1 2013$0.28$0.25$41.92 million$43.60 millionViewListenView Earnings Details
3/13/2013Q4 2012$0.35$39.52 million$40.63 millionViewListenView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Summit Midstream Partners, LP (NYSE:SMLP)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.25$0.25$0.25
Q2 20171$0.24$0.24$0.24
Q3 20171$0.24$0.24$0.24
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Summit Midstream Partners, LP (NYSE:SMLP)
Most Recent Dividend:8/14/2017
Annual Dividend:$2.30
Dividend Yield:11.33%
Dividend Growth:10.10% (3 Year Average)
Payout Ratio:958.37% (Trailing 12 Months of Earnings)
676.47% (Based on This Year's Estimates)
302.63% (Based on Next Year's Estimates)
Track Record:3 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Summit Midstream Partners, LP (NYSE:SMLP)

Dividend History by Quarter for Summit Midstream Partners, LP (NYSE SMLP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/27/2017quarterly$0.5810.31%8/3/20178/7/20178/14/2017
4/27/2017quarterly$0.589.77%5/4/20175/8/20175/15/2017
1/26/2017Quarterly$0.588.8%2/3/20172/7/20172/14/2017
10/27/2016quarterly$0.5810.18%11/3/201611/7/201611/14/2016
7/22/2016quarterly$0.5810.13%8/3/20168/5/20168/12/2016
4/22/2016quarterly$0.5811.44%5/4/20165/6/20165/13/2016
1/22/2016quarterly$0.5813.81%2/3/20162/5/20162/12/2016
10/23/2015quarterly$0.5811.79%11/4/201511/6/201511/13/2015
7/23/2015quarterly$0.577.85%8/5/20158/7/20158/14/2015
4/27/2015quarterly$0.576.54%5/6/20155/8/20155/15/2015
1/23/2015quarterly$0.566.26%2/4/20152/6/20152/13/2015
10/23/2014quarterly$0.544.68%11/5/201411/7/201411/14/2014
7/24/2014quarterly$0.524.11%8/5/20148/7/20148/14/2014
4/24/2014quarterly$0.504.5%5/6/20145/8/20145/15/2014
1/23/2014quarterly$0.485.03%2/5/20142/7/20142/14/2014
10/24/2013quarterly$0.465.51%11/5/201311/7/201311/14/2013
7/25/2013quarterly$0.445.07%8/5/20138/7/20138/14/2013
4/25/2013quarterly$0.426.1%5/6/20135/8/20135/15/2013
1/23/2013quarterly$0.412/5/20132/7/20132/14/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Summit Midstream Partners, LP (NYSE:SMLP)
Institutional Ownership Percentage: 49.82%
Insider Trades by Quarter for Summit Midstream Partners, LP (NYSE:SMLP)
Institutional Ownership by Quarter for Summit Midstream Partners, LP (NYSE:SMLP)
Insider Trades by Quarter for Summit Midstream Partners, LP (NYSE:SMLP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/17/2017Steven J NewbyInsiderSell29,000$23.23$673,670.00View SEC Filing  
2/3/2017Summit Midstream Partners, LlcDirectorSell4,000,000$23.66$94,640,000.00View SEC Filing  
12/27/2016Louise E MatthewsInsiderSell500$25.20$12,600.00View SEC Filing  
6/16/2016Energy Capital Partners Ii, LlDirectorBuy8,590$20.90$179,531.00View SEC Filing  
6/15/2016Energy Capital Partners Ii, LlDirectorBuy3,727$20.95$78,080.65View SEC Filing  
6/14/2016Energy Capital Partners Ii, LlDirectorBuy12,100$20.91$253,011.00View SEC Filing  
6/13/2016Energy Capital Partners Ii, LlDirectorBuy2,012$20.98$42,211.76View SEC Filing  
6/3/2016Energy Capital Partners Ii, LlDirectorBuy70,255$20.96$1,472,544.80View SEC Filing  
5/31/2016Energy Capital Partners Ii, LlDirectorBuy164,896$20.89$3,444,677.44View SEC Filing  
5/24/2016Brad N GravesInsiderSell3,100$23.00$71,300.00View SEC Filing  
5/24/2016Brad N GravesInsiderSell3,100$23.00$71,300.00View SEC Filing  
5/20/2016Brad N GravesInsiderSell800$23.00$18,400.00View SEC Filing  
5/18/2016Brad N GravesInsiderSell1,100$23.01$25,311.00View SEC Filing  
5/9/2016Energy Capital Partners Ii, LlDirectorBuy59,807$20.48$1,224,847.36View SEC Filing  
5/4/2016Energy Capital Partners Ii, LlDirectorBuy73,895$20.51$1,515,586.45View SEC Filing  
5/3/2016Energy Capital Partners Ii, LlDirectorBuy25,235$20.79$524,635.65View SEC Filing  
5/2/2016Energy Capital Partners Ii, LlDirectorBuy13,554$20.83$282,329.82View SEC Filing  
4/29/2016Energy Capital Partners Ii, LlDirectorBuy63,675$20.12$1,281,141.00View SEC Filing  
4/26/2016Brock M DegeyterInsiderSell6,250$20.06$125,375.00View SEC Filing  
4/26/2016Energy Capital Partners Ii, LlDirectorBuy54,633$19.97$1,091,021.01View SEC Filing  
4/21/2016Energy Capital Partners Ii, LlDirectorBuy45,160$19.55$882,878.00View SEC Filing  
4/18/2016Energy Capital Partners Ii, LlDirectorBuy59,974$18.25$1,094,525.50View SEC Filing  
4/13/2016Energy Capital Partners Ii, LlDirectorBuy52,284$17.69$924,903.96View SEC Filing  
4/8/2016Energy Capital Partners Ii, LlDirectorBuy57,590$16.64$958,297.60View SEC Filing  
4/5/2016Energy Capital Partners Ii, LlDirectorBuy183,115$16.04$2,937,164.60View SEC Filing  
3/31/2016Energy Capital Partners Ii, LlDirectorBuy43,475$16.30$708,642.50View SEC Filing  
3/28/2016Energy Capital Partners Ii, LlDirectorBuy88,475$15.50$1,371,362.50View SEC Filing  
3/23/2016Energy Capital Partners Ii, LlDirectorBuy154,198$15.95$2,459,458.10View SEC Filing  
3/22/2016Energy Capital Partners Ii, LlDirectorBuy6,077$16.58$100,756.66View SEC Filing  
3/21/2016Energy Capital Partners Ii, LlDirectorBuy54,597$15.96$871,368.12View SEC Filing  
3/18/2016Energy Capital Partners Ii, LlDirectorBuy148,877$15.63$2,326,947.51View SEC Filing  
3/15/2016Energy Capital Partners Ii, LlDirectorBuy319,293$14.88$4,751,079.84View SEC Filing  
3/10/2016Energy Capital Partners Ii, LlDirectorBuy361,871$14.96$5,413,590.16View SEC Filing  
3/7/2016Energy Capital Partners Ii, LlDirectorBuy601,363$14.36$8,635,572.68View SEC Filing  
3/2/2016Energy Capital Partners Ii, LlInsiderBuy441,170$13.51$5,960,206.70View SEC Filing  
3/1/2016Energy Capital Partners Ii, LlDirectorBuy137,028$13.43$1,840,286.04View SEC Filing  
2/29/2016Energy Capital Partners Ii, LlDirectorBuy153,465$13.12$2,013,460.80View SEC Filing  
2/26/2016Energy Capital Partners Ii, LlInsiderBuy229,381$13.96$3,202,158.76View SEC Filing  
2/23/2016Energy Capital Partners Ii, LlInsiderBuy165,577$15.84$2,622,739.68View SEC Filing  
2/18/2016Energy Capital Partners Ii, LlDirectorBuy210,265$15.97$3,357,932.05View SEC Filing  
2/12/2016Energy Capital Partners Ii, LlDirectorBuy229,165$14.49$3,320,600.85View SEC Filing  
2/9/2016Energy Capital Partners Ii, LlDirectorBuy286,731$15.62$4,478,738.22View SEC Filing  
2/4/2016Energy Capital Partners Ii, LlDirectorBuy178,725$17.39$3,108,027.75View SEC Filing  
2/1/2016Energy Capital Partners Ii, LlDirectorBuy164,553$18.44$3,034,357.32View SEC Filing  
1/27/2016Energy Capital Partners Ii, LlDirectorBuy91,379$17.79$1,625,632.41View SEC Filing  
1/26/2016Energy Capital Partners Ii, LlDirectorBuy16,083$17.13$275,501.79View SEC Filing  
1/25/2016Energy Capital Partners Ii, LlDirectorBuy62,718$16.87$1,058,052.66View SEC Filing  
1/22/2016Energy Capital Partners Ii, LlDirectorBuy209,082$15.09$3,155,047.38View SEC Filing  
1/19/2016Energy Capital Partners Ii, LlDirectorBuy267,650$16.31$4,365,371.50View SEC Filing  
1/13/2016Energy Capital Partners Ii, LlDirectorBuy107,279$16.87$1,809,796.73View SEC Filing  
1/12/2016Energy Capital Partners Ii, LlDirectorBuy81,114$17.02$1,380,560.28View SEC Filing  
1/11/2016Energy Capital Partners Ii, LlDirectorBuy107,749$17.56$1,892,072.44View SEC Filing  
1/8/2016Energy Capital Partners Ii, LlDirectorBuy136,283$17.57$2,394,492.31View SEC Filing  
1/6/2016Energy Capital Partners Ii, LlDirectorBuy156,704$18.82$2,949,169.28View SEC Filing  
12/31/2015Energy Capital Partners Ii, LlDirectorBuy144,954$18.56$2,690,346.24View SEC Filing  
12/15/2015Summit Midstream Partners, LlcinsiderBuy75,883$15.93$1,208,816.19View SEC Filing  
6/29/2015Rene L CasadabanInsiderSell3,878$34.72$134,644.16View SEC Filing  
9/9/2014Summit Midstream Partners HoldDirectorSell4,347,826$52.05$226,304,343.30View SEC Filing  
7/25/2014Steven J NewbyInsiderSell936$51.58$48,278.88View SEC Filing  
5/13/2014Brock DegeyterInsiderSell1,880$44.93$84,468.40View SEC Filing  
3/17/2014Summit Midstream Partners HoldDirectorSell5,050,000$37.43$189,021,500.00View SEC Filing  
6/21/2013Summit Midstream Partners HoldDirectorBuy3,107,698$31.53$97,985,717.94View SEC Filing  
6/4/2013Summit Midstream Partners HoldDirectorBuy1,553,849$31.53$48,992,858.97View SEC Filing  
10/3/2012Thomas K LaneInsiderBuy40,000$20.00$800,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

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Summit Midstream Partners, LP (SMLP) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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