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Last $32.51 USD
Change Today +0.01 / 0.03%
Volume 281.4K
SMLP On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

summit midstream partners lp (SMLP) Snapshot

Open
$32.33
Previous Close
$32.50
Day High
$32.81
Day Low
$32.29
52 Week High
09/3/14 - $56.49
52 Week Low
05/8/15 - $30.27
Market Cap
2.1B
Average Volume 10 Days
399.6K
EPS TTM
$0.30
Shares Outstanding
41.0M
EX-Date
05/6/15
P/E TM
110.1x
Dividend
$2.26
Dividend Yield
6.72%
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 Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Revises EBITDA Guidance for the Year 2015

Summit Midstream Partners, LP announced consolidated unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $68,579,000 against $76,202,000 a year ago. Income before income taxes was $1,844,000 against $6,532,000 a year ago. Net income was $1,667,000 against $6,373,000 a year ago. Net income attributable to SMLP was $1,667,000 against $3,545,000 a year ago. Earnings per limited partner diluted unit were $0.00 against $0.08 a year ago. Capital expenditures were $11,914,000 against $40,100,000 a year ago. EBITDA was $36,355,000 against $33,543,000 a year ago. Adjusted EBITDA was $50,007,000 against $46,619,000 a year ago. Adjusted distributable cash flow was $36,005,000 against $34,270,000 a year ago. Maintenance capital expenditures were $2,465,000 against $5,079,000 a year ago. The company announced that it is revising its 2015 adjusted EBITDA guidance from $195.0 million to $210.0 million to a new range of $210.0 million to $225.0 million. This revised financial guidance reflects the expected impact from the acquisition, including the impact of retrospectively pooling the financial results of the Polar & Divide system for all periods prior to closing the acquisition in 2015. The company expects that SMLP's as-reported adjusted EBITDA for the first quarter of 2015 will increase by approximately $5.0 million as a result of pooling the historical first quarter of 2015 financial results from the Polar & Divide system. SMLP's revised 2015 financial guidance excludes the effect of any additional acquisitions from Summit Investments or third parties.

Summit Midstream Partners, LP Announces First Quarter Ended March 31, 2015 Distribution, Payable on May 15, 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 $0.565 per unit on all of its outstanding common and subordinated units, or $2.26 per unit on an annualized basis, for the quarter ended March 31, 2015. The distribution will be paid on May 15, 2015 to unit holders of record as of the close of business on May 8, 2015. This quarterly distribution represents an increase of $0.065 per unit, or 13.0%, over the $0.50 per unit distribution paid for the quarter ended March 31, 2014 and an increase of $0.005 per unit, or 0.9%, over the $0.56 per unit distribution paid for the quarter ended December 31, 2014.

Summit Midstream Partners, LP to Report Q1, 2015 Results on May 06, 2015

Summit Midstream Partners, LP announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on May 06, 2015

 

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SMLP Competitors

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Company Last Change
Exterran Partners LP $26.89 USD -0.03
Ferrellgas Partners LP $24.68 USD +0.05
Holly Energy Partners LP $34.32 USD +0.05
Rose Rock Midstream LP $50.92 USD -0.47
Valero Energy Partners LP $50.69 USD +1.04
View Industry Companies
 

Industry Analysis

SMLP

Industry Average

Valuation SMLP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 5.9x
Price/Book 2.1x
Price/Cash Flow 37.7x
TEV/Sales 4.0x
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