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Last $30.00 USD
Change Today -0.71 / -2.31%
Volume 99.9K
SMLP On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 4:15 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

summit midstream partners lp (SMLP) Snapshot

Open
$30.72
Previous Close
$30.71
Day High
$31.31
Day Low
$29.73
52 Week High
09/3/14 - $56.49
52 Week Low
07/27/15 - $28.00
Market Cap
2.0B
Average Volume 10 Days
175.7K
EPS TTM
$0.30
Shares Outstanding
41.0M
EX-Date
08/5/15
P/E TM
101.6x
Dividend
$2.28
Dividend Yield
7.29%
Current Stock Chart for SUMMIT MIDSTREAM PARTNERS LP (SMLP)

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summit midstream partners lp (SMLP) Details

Summit Midstream Partners, LP focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations, in North America. The company provides natural gas gathering, treating, and processing services. It operates in four unconventional resource basins, including the Appalachian Basin, which comprises the Marcellus Shale formation in northern West Virginia; the Williston Basin that consists 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; and the Piceance Basin that comprises the Mesaverde formation, and the Mancos and Niobrara shale formations in western Colorado and eastern Utah. The company serves crude oil and natural gas producers. As of December 31, 2014, it had approximately 2,300 miles of pipeline and 250,000 horsepower of compression. 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.

Founded in 2009

summit midstream partners lp (SMLP) Top Compensated Officers

Chief Executive Officer of Summit Midstream G...
Total Annual Compensation: $237.5K
Chief Financial Officer of Summit Midstream G...
Total Annual Compensation: $238.0K
Chief Operating Officer of Summit Midstream G...
Total Annual Compensation: $183.0K
Chief Commercial Officer of Summit Midstream ...
Total Annual Compensation: $227.5K
Chief Compliance Officer of Summit Midstream ...
Total Annual Compensation: $213.5K
Compensation as of Fiscal Year 2014.

summit midstream partners lp (SMLP) Key Developments

Summit Midstream Partners, LP Announces Dividend for the Second Quarter Ended June 30, 2015, Payable on August 14, 2015

Summit Midstream Partners, LP announced that the board of directors of its general partner, Summit Midstream GP, LLC, has declared a quarterly cash distribution of $0.57 per unit on all of its outstanding common and subordinated units, or $2.28 per unit on an annualized basis, for the quarter ended June 30, 2015. The distribution will be paid on August 14, 2015 to unit holders of record as of the close of business on August 7, 2015. This quarterly distribution represents an increase of $0.05 per unit, or 9.6%, over the $0.52 per unit distribution paid for the quarter ended June 30, 2014 and an increase of $0.005 per unit, or 0.9%, over the $0.565 per unit distribution paid for the quarter ended March 31, 2015.

Summit Midstream Partners, LP Appoints Zachary "Zak" Covar as Vice President of Summit's Health, Safety, Environmental and Regulatory Affairs

Summit Midstream Partners, LP announced that Zachary "Zak" Covar, former Commissioner of the Texas Commission on Environmental Quality, has joined Summit Midstream as Vice President in charge of Summit's Health, Safety, Environmental and Regulatory affairs. Covar, who will be based at Summit's corporate headquarters in The Woodlands, Texas, assumes primary responsibility for developing, implementing and evaluating Summit's health, safety and environmental policies and procedures for complying with applicable state and federal regulations. He will report to Brock Degeyter, Summit's General Counsel and Chief Compliance Officer.

Summit Midstream Partners, LP Presents at Credit Suisse 2015 MLP and Energy Logistics Conference, Jun-23-2015 01:00 PM

Summit Midstream Partners, LP Presents at Credit Suisse 2015 MLP and Energy Logistics Conference, Jun-23-2015 01:00 PM. Venue: Credit Suisse Offices, One Madison Avenue, 12th Floor, New York, New York, United States. Speakers: Matthew S. Harrison, Chief Financial Officer of Summit Midstream GP LLC, Principal Accounting Officer of Summit Midstream GP LLC and Senior Vice President of Summit Midstream GP LLC.

 

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SMLP Competitors

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Exterran Partners LP $21.24 USD -0.39
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Industry Analysis

SMLP

Industry Average

Valuation SMLP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 5.4x
Price/Book 1.9x
Price/Cash Flow 34.4x
TEV/Sales 3.4x
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