NYSE:SMLP

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

$27.49
-0.27 (-0.97%)
(As of 04/22/2024 ET)
Today's Range
$27.00
$28.35
50-Day Range
$16.00
$28.67
52-Week Range
$13.00
$29.18
Volume
67,032 shs
Average Volume
47,322 shs
Market Capitalization
$286.45 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A
SMLP stock logo

About Summit Midstream Partners Stock (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, 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.

SMLP Stock Price History

SMLP Stock News Headlines

Don’t Miss Out on the AI Gold Rush That’s Just Getting Started
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
Don’t Miss Out on the AI Gold Rush That’s Just Getting Started
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
Summit Midstream Sells Utica Position To MPLX LP For $625 Mln In Cash
SMLP Summit Midstream Partners, LP Common Units
Q4 2023 Summit Midstream Partners LP Earnings Call
SUMMIT MIDSTREAM PARTNERS LP
Summit Midstream Partners Posts Narrower Loss In Q4 - Quick Facts
SMLP Mar 2024 20.000 put
See More Headlines
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Company Calendar

Last Earnings
3/15/2024
Today
4/22/2024
Next Earnings (Estimated)
5/03/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Fax
N/A
Employees
244
Year Founded
2009

Profitability

Net Income
$-38,950,000.00
Pretax Margin
-15.79%

Debt

Sales & Book Value

Annual Sales
$458.90 million
Cash Flow
$10.11 per share
Book Value
$59.91 per share

Miscellaneous

Free Float
10,031,000
Market Cap
$286.45 million
Optionable
Optionable
Beta
2.33

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Key Executives

  • Mr. J. Heath Deneke (Age 50)
    President, CEO & Chairman of Summit Midstream GP, LLC
    Comp: $2.45M
  • Mr. William J. Mault (Age 38)
    Executive VP & CFO of Summit Midstream GP, LLC
    Comp: $916.27k
  • Mr. James David Johnston (Age 54)
    Executive VP, General Counsel, Secretary & Chief Compliance Officer of Summit Midstream GP LLC
    Comp: $993.02k
  • Mr. Hugo Guerrero
    Senior Vice President of Engineering & Operations of Summit Midstream GP LLC
  • Mr. Matthew B. Sicinski (Age 47)
    Senior VP & Chief Accounting Officer of Summit Midstream GP LLC
  • Randall Burton
    Director of Finance, Treasurer & Investor Relations
  • Ms. Carrie Vruno
    VP & Controller of Summit Midstream GP LLC

SMLP Stock Analysis - Frequently Asked Questions

How have SMLP shares performed in 2024?

Summit Midstream Partners' stock was trading at $17.91 at the beginning of 2024. Since then, SMLP shares have increased by 53.5% and is now trading at $27.49.
View the best growth stocks for 2024 here
.

Are investors shorting Summit Midstream Partners?

Summit Midstream Partners saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 65,400 shares, an increase of 178.3% from the March 15th total of 23,500 shares. Based on an average daily trading volume, of 50,400 shares, the short-interest ratio is presently 1.3 days. Approximately 0.7% of the company's shares are short sold.
View Summit Midstream Partners' Short Interest
.

When is Summit Midstream Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
View our SMLP earnings forecast
.

How were Summit Midstream Partners' earnings last quarter?

Summit Midstream Partners, LP (NYSE:SMLP) released its quarterly earnings data on Friday, March, 15th. The pipeline company reported ($1.29) earnings per share for the quarter. The pipeline company earned $127.32 million during the quarter. Summit Midstream Partners had a negative trailing twelve-month return on equity of 4.72% and a negative net margin of 8.49%.

What ETF holds Summit Midstream Partners' stock?

Global X MLP ETF holds 100 shares of SMLP stock, representing 0.00% of its portfolio.

When did Summit Midstream Partners' stock split?

Shares of Summit Midstream Partners 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 market closes 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.

What is Steve Newby's approval rating as Summit Midstream Partners' CEO?

6 employees have rated Summit Midstream Partners Chief Executive Officer Steve Newby on Glassdoor.com. Steve Newby has an approval rating of 100% among the company's employees. This puts Steve Newby in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Summit Midstream Partners own?
How do I buy shares of Summit Midstream Partners?

Shares of SMLP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Summit Midstream Partners have any subsidiaries?
The following companies are subsidiares of Summit Midstream Partners: 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, Red Rock Gathering Company LLC, Summit Midstream Finance Corp., Summit Midstream Holdings LLC, Summit Midstream Marketing LLC, Summit Midstream Niobrara LLC, Summit Midstream OpCo LP, Summit Midstream Permian Finance LLC, Summit Midstream Permian II LLC, Summit Midstream Permian LLC, Summit Midstream Utica LLC, Summit Permian Transmission Holdco LLC, and Summit Permian Transmission LLC.
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This page (NYSE:SMLP) was last updated on 4/23/2024 by MarketBeat.com Staff

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