About Summit Midstream Partners (NYSE:SMLP)
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, treating, and processing services, as well as crude oil and produced water gathering services. It operates in five unconventional resource basins, including the Appalachian Basin, which comprises the Utica and Point Pleasant shale formations in southeastern Ohio, and the Marcellus Shale formation in northern West Virginia; the Williston Basin that consists of the Bakken and Three Forks shale formations in northwestern North Dakota; the Fort Worth Basin, which includes the Barnett Shale formation in north-central Texas; the Piceance Basin that comprises the Mesaverde formation, and the Mancos and Niobrara shale formations in western Colorado and eastern Utah; and the Denver-Julesburg Basin, which includes the Niobrara and Codell shale formations in northeastern Colorado. The company 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 headquartered in The Woodlands, Texas.
Industry, Sector and Symbol
Industry Natural gas transmission
Trailing P/E Ratio9.09
Forward P/E Ratio47.12
Sales & Book Value
Annual Sales$488.74 million
Price / Sales2.38
Cash Flow$3.3952 per share
Price / Cash4.58
Book Value$14.69 per share
Price / Book1.06
EPS (Most Recent Fiscal Year)$1.64
Net Income$85.68 million
Return on Equity13.23%
Return on Assets4.88%
Summit Midstream Partners (NYSE:SMLP) Frequently Asked Questions
What is Summit Midstream Partners' stock symbol?
Summit Midstream Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "SMLP."
How often does Summit Midstream Partners pay dividends? What is the dividend yield for Summit Midstream Partners?
Summit Midstream Partners declared a quarterly dividend on Friday, April 27th. Stockholders of record on Tuesday, May 8th will be given a dividend of $0.575 per share on Tuesday, May 15th. This represents a $2.30 annualized dividend and a dividend yield of 14.79%. The ex-dividend date is Monday, May 7th. View Summit Midstream Partners' Dividend History.
How were Summit Midstream Partners' earnings last quarter?
Summit Midstream Partners LP (NYSE:SMLP) posted its quarterly earnings results on Thursday, May, 3rd. The pipeline company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by $0.30. The pipeline company earned $117.32 million during the quarter, compared to the consensus estimate of $106.68 million. Summit Midstream Partners had a net margin of 17.59% and a return on equity of 13.23%. View Summit Midstream Partners' Earnings History.
When is Summit Midstream Partners' next earnings date?
What price target have analysts set for SMLP?
9 equities research analysts have issued twelve-month target prices for Summit Midstream Partners' stock. Their predictions range from $16.00 to $24.00. On average, they anticipate Summit Midstream Partners' share price to reach $19.25 in the next twelve months. View Analyst Ratings for Summit Midstream Partners.
Who are some of Summit Midstream Partners' key competitors?
Some companies that are related to Summit Midstream Partners include EQT Midstream Partners (EQM), Tallgrass Energy GP (TEGP), Antero Midstream GP (AMGP), Tallgrass Energy Partners (TEP), EnLink Midstream (ENLC), Boardwalk Pipeline Partners (BWP), Transportadora de Gas del Sur (TGS), Rice Midstream Partners (RMP), TC Pipelines (TCP), USA Compression Partners (USAC), Dominion Energy Midstream Partners (DM), CNX Midstream Partners (CNXM), Archrock Partners (APLP), Archrock (AROC) and American Midstream Partners (AMID).
Who are Summit Midstream Partners' key executives?
Summit Midstream Partners' management team includes the folowing people:
- Mr. Steven J. Newby, Pres, CEO & Director of Summit Midstream GP, LLC (Age 45)
- Mr. Matthew S. Harrison, Exec. VP & CFO of Summit Midstream GP, LLC (Age 48)
- Mr. Leonard Wayne Mallett, Exec. VP & COO of Summit Midstream GP, LLC (Age 62)
- Mr. Brock M. Degeyter, Exec. VP, Gen. Counsel, Chief Compliance Officer & Sec. of Summit Midstream GP, LLC (Age 41)
- Mr. Brad N. Graves, Exec. VP, Corp. Devel. & Chief Commercial Officer of Summit Midstream GP, LLC (Age 51)
Has Summit Midstream Partners been receiving favorable news coverage?
Press coverage about SMLP stock has trended somewhat positive recently, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Summit Midstream Partners earned a news sentiment score of 0.10 on Accern's scale. They also gave headlines about the pipeline company an impact score of 46.61 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
Who are Summit Midstream Partners' major shareholders?
Summit Midstream Partners' stock is owned by a variety of of retail and institutional investors. Top institutional investors include OppenheimerFunds Inc. (11.13%), HMI Capital LLC (7.75%), Kayne Anderson Capital Advisors LP (3.69%), Brookfield Asset Management Inc. (2.58%), JPMorgan Chase & Co. (0.99%) and Atlantic Trust Group LLC (0.78%). Company insiders that own Summit Midstream Partners stock include Brad N Graves, Brock M Degeyter, Louise E Matthews, Steven J Newby and Summit Midstream Partners, Llc. View Institutional Ownership Trends for Summit Midstream Partners.
Which institutional investors are selling Summit Midstream Partners stock?
SMLP stock was sold by a variety of institutional investors in the last quarter, including Kayne Anderson Capital Advisors LP, JPMorgan Chase & Co., Neuberger Berman Group LLC, HMI Capital LLC, Atlantic Trust Group LLC, ELCO Management Co. LLC and Royal Bank of Canada. Company insiders that have sold Summit Midstream Partners company stock in the last year include Brad N Graves, Brock M Degeyter and Louise E Matthews. View Insider Buying and Selling for Summit Midstream Partners.
Which institutional investors are buying Summit Midstream Partners stock?
SMLP stock was bought by a variety of institutional investors in the last quarter, including Brookfield Asset Management Inc., Guggenheim Capital LLC, OppenheimerFunds Inc., Westwood Holdings Group Inc., UBS Group AG, Citigroup Inc., Stifel Financial Corp and Evergreen Capital Management LLC. View Insider Buying and Selling for Summit Midstream Partners.
How do I buy shares of Summit Midstream Partners?
Shares of SMLP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Summit Midstream Partners' stock price today?
One share of SMLP stock can currently be purchased for approximately $15.55.
How big of a company is Summit Midstream Partners?
Summit Midstream Partners has a market capitalization of $1.16 billion and generates $488.74 million in revenue each year. The pipeline company earns $85.68 million in net income (profit) each year or $1.64 on an earnings per share basis.
How can I contact Summit Midstream Partners?
Summit Midstream Partners' mailing address is 1790 HUGHES LANDING BOULEVARD SUITE 500, THE WOODLANDS TX, 77380. The pipeline company can be reached via phone at 832-413-4770 or via email at [email protected]
MarketBeat Community Rating for Summit Midstream Partners (SMLP)MarketBeat's community ratings are surveys of what our community members think about Summit Midstream Partners and other stocks. Vote "Outperform" if you believe SMLP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SMLP will underperform the S&P 500 over the long term. You may vote once every thirty days.