SMLP - Summit Midstream Partners LP Stock Price, Fair Value and News

33.31USD-0.41 (-1.22%)Delayed as of 17 May 2024, 10:08 am ET

Market Summary

USD33.31-0.41

Delayedas of 17 May 2024, 10:08 am

-1.22%

SMLP Stock Price

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SMLP RSI Chart

SMLP Valuation

Market Cap

359.1M

Price/Earnings (Trailing)

-6.97

Price/Sales (Trailing)

0.77

EV/EBITDA

3.4

Price/Free Cashflow

6.91

SMLP Price/Sales (Trailing)

SMLP Profitability

Operating Margin

94.23%

EBT Margin

14.91%

Return on Equity

-6.57%

Return on Assets

-2.22%

Free Cashflow Yield

14.47%

SMLP Fundamentals

SMLP Revenue

Revenue (TTM)

465.3M

Rev. Growth (Yr)

5.66%

Rev. Growth (Qtr)

-6.63%

SMLP Earnings

Earnings (TTM)

-51.5M

Earnings Growth (Yr)

911.85%

Earnings Growth (Qtr)

28.4K%

Breaking Down SMLP Revenue

52 Week Range

33.84

(Low)(High)

Last 7 days

-1.9%

Last 30 days

19.7%

Last 90 days

96.1%

Trailing 12 Months

140.5%

How does SMLP drawdown profile look like?

SMLP Financial Health

Current Ratio

2.64

Debt/Equity

1.44

Debt/Cashflow

0.11

SMLP Investor Care

Dividend Yield

74.79%

Dividend/Share (TTM)

26.18

Shares Dilution (1Y)

2.84%

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	465.3M	0	0	0
2023	386.0M	384.8M	417.3M	458.9M
2022	397.4M	396.4M	383.1M	369.6M
2021	377.9M	385.9M	397.8M	400.6M
2020	417.0M	409.3M	399.3M	383.5M
2019	520.7M	492.2M	465.0M	443.5M
2018	470.3M	496.6M	499.2M	506.7M
2017	447.6M	459.8M	489.6M	488.7M
2016	405.0M	407.8M	387.7M	402.4M
2015	387.6M	381.3M	402.4M	400.6M
2014	320.5M	341.7M	358.5M	387.2M
2013	191.7M	223.5M	259.8M	296.8M
2012	120.2M	137.6M	156.4M	165.5M
2011	49.6M	67.6M	85.6M	103.6M
2010	0	0	0	31.7M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Summit Midstream Partners LP

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 16, 2024	peters jerry l	gifted	-	-	-6,581	-
Mar 22, 2024	johnston james david	sold	-85,714	25.21	-3,400	see remarks below.
Mar 15, 2024	sicinski matthew b.	acquired	-	-	15,404	see remarks below.
Mar 15, 2024	mault william j.	acquired	-	-	40,733	see remarks below.
Mar 15, 2024	sicinski matthew b.	sold (taxes)	-74,372	18.45	-4,031	see remarks below.
Mar 15, 2024	johnston james david	sold (taxes)	-178,153	18.45	-9,656	see remarks below.
Mar 15, 2024	mault william j.	sold (taxes)	-187,194	18.45	-10,146	see remarks below.
Mar 15, 2024	deneke j heath	acquired	-	-	170,385	see remarks below.
Mar 15, 2024	johnston james david	acquired	-	-	39,007	see remarks below.
Mar 15, 2024	johnston james david	sold	-12,150	20.25	-600	see remarks below.

Which funds bought or sold SMLP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	FARALLON CAPITAL MANAGEMENT LLC	unchanged	-	591,454	1,634,070	0.01%
May 15, 2024	MORGAN STANLEY	added	213	1,146,260	1,439,040	-%
May 15, 2024	Blackstone Inc.	unchanged	-	589,320	1,628,170	0.01%
May 15, 2024	CITADEL ADVISORS LLC	new	-	762,943	762,943	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	added	0.49	2,987,130	8,182,380	-%
May 15, 2024	Royal Bank of Canada	reduced	-64.88	-161,000	197,000	-%
May 15, 2024	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	sold off	-100	-544,464	-	-%
May 15, 2024	EAGLE GLOBAL ADVISORS LLC	new	-	532,656	532,656	0.03%
May 15, 2024	NOMURA HOLDINGS INC	sold off	-100	-3,977,610	-	-%
May 15, 2024	ARES MANAGEMENT LLC	reduced	-8.15	2,925,750,000	9,581,610,000	0.22%

Are Funds Buying or Selling SMLP?

Are funds buying SMLP calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SMLP

No. of Funds

Unveiling Summit Midstream Partners LP's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 26, 2024	he zhengxu	7.80%	810,000	SC 13G
Feb 13, 2024	shenkman capital management inc	8.61%	893,866	SC 13G/A
Feb 12, 2024	invesco ltd.	8.8%	910,352	SC 13G/A
Feb 14, 2023	shenkman capital management inc	8.69%	884,826	SC 13G
Apr 11, 2022	invesco ltd.	9.1%	914,071	SC 13G/A
Feb 14, 2022	ares management llc	0.2%	10,989	SC 13G/A
Oct 22, 2021	energy capital partners ii, llc	3.9%	263,139	SC 13D/A
Feb 16, 2021	cifc corp.	0.1%	4,563	SC 13G
Feb 12, 2021	invesco ltd.	15.0%	914,071	SC 13G/A
Nov 27, 2020	ares management llc	0.2%	12,189	SC 13G

Recent SEC filings of Summit Midstream Partners LP

View All Filings

Date Filed	Form Type	Document
May 10, 2024	144	Notice of Insider Sale Intent
May 10, 2024	8-K	Current Report
May 07, 2024	8-K	Current Report
May 06, 2024	10-Q	Quarterly Report
May 02, 2024	8-K	Current Report
Apr 29, 2024	DEFA14A	DEFA14A
Apr 18, 2024	4	Insider Trading
Apr 09, 2024	DEF 14A	DEF 14A
Mar 28, 2024	425	Prospectus Filed
Mar 28, 2024	8-K/A	Current Report

Summit Midstream Partners LP News

Latest updates

Summit Midstream Partners LP Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-6.6%	119	127	121	98.00	112	86.00	89.00	99.00	96.00	99.00	102	100	99.00	96.00	90.00	92.00	105	112	100	100	131
Costs and Expenses	68.8%	174	103	95.00	88.00	96.00	83.00	83.00	174	83.00	93.00	82.00	92.00	77.00	107	71.00	71.00	80.00	98.00	87.00	73.00	148
S&GA Expenses	-100.0%	-	10.00	11.00	11.00	10.00	13.00	9.00	10.00	13.00	10.00	8.00	29.00	10.00	34.00	11.00	13.00	17.00	17.00	10.00	11.00	18.00
EBITDA Margin	72.7%	0.72*	0.42*	0.43*	0.42*	0.19*	0.22*	0.22*	0.24*	0.40*	0.39*	0.66*	-	-	-	-	-	-	-	-	-	-
Interest Expenses	2.8%	38.00	37.00	35.00	35.00	34.00	28.00	25.00	25.00	24.00	21.00	16.00	16.00	14.00	14.00	19.00	22.00	24.00	23.00	23.00	22.00	23.00
Income Taxes	-58.2%	0.00	1.00	0.00	-	-0.25	0.00	-0.07	0.00	0.00	0.00	-0.08	-0.25	-0.01	-0.04	0.00	-0.39	-0.01	-0.20	0.00	1.00	0.00
Earnings Before Taxes	568.6%	122	-26.14	-6.26	-20.72	-19.32	-27.82	-13.59	-95.87	-3.99	-17.38	5.00	-22.29	7.00	99.00	25.00	53.00	0.00	-8.89	-10.43	4.00	-39.58
EBT Margin	194.4%	0.15*	-0.16*	-0.18*	-0.21*	-0.41*	-0.38*	-0.34*	-0.28*	-0.10*	-0.07*	0.22*	-	-	-	-	-	-	-	-	-	-
Net Income	-	129	-	0.00	-17.04	-15.91	-	-11.07	-94.97	-5.72	-	3.00	-23.83	5.00	-	18.00	57.00	5.00	-172	-	-	-
Net Income Margin	1.4%	-0.11*	-0.11*	-0.34*	-0.37*	-0.36*	-0.38*	-0.10*	-0.09*	-0.09*	-0.09*	0.45*	-	-	-	-	-	-	-	-	-	-
Free Cashflow	1040.2%	27.00	-2.89	41.00	-13.79	33.00	-7.58	30.00	8.00	37.00	24.00	36.00	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q4	2020Q3	2020Q2	2020Q1
Assets	-7.0%	2,321	2,494	1,174	2,510	2,513	2,545	2,560	1,194	2,240	2,310	2,495	2,522	2,512	2,501	2,474	2,473	2,500	2,537	2,573	2,587	2,626
Current Assets	327.3%	421	98.00	6.00	101	83.00	94.00	98.00	36.00	76.00	79.00	76.00	87.00	5.00	86.00	80.00	91.00	82.00	32.00	131	123	161
Cash Equivalents	2378.2%	348	14.00	-	17.00	14.00	23.00	12.00	-	14.00	16.00	12.00	20.00	-	6.00	8.00	24.00	16.00	-	50.00	42.00	77.00
Net PPE	-14.8%	1,447	1,699	-	1,695	1,704	1,712	1,719	-	1,477	1,531	1,706	1,726	-	1,748	1,769	1,788	1,814	-	1,840	1,856	1,870
Liabilities	-18.5%	1,345	1,651	1,651	1,651	1,658	1,677	1,677	1,505	1,333	1,394	1,486	1,512	1,493	1,475	1,471	1,450	1,487	1,579	1,671	1,711	1,780
Current Liabilities	19.1%	160	134	6.00	143	110	132	118	7.00	97.00	87.00	95.00	79.00	8.00	73.00	847	75.00	68.00	8.00	232	113	85.00
Long Term Debt	-22.5%	1,127	1,455	-	1,441	1,475	1,466	1,480	-	1,165	1,233	1,315	1,355	-	1,318	539	1,305	1,347	-	1,391	1,545	1,641
LT Debt, Current	87.4%	29.00	16.00	-	14.00	13.00	12.00	11.00	-	9.00	8.00	6.00	-	-	-	762	-	-	-	-	-	8.00
LT Debt, Non Current	-100.0%	-	1,455	-	1,441	1,475	1,466	1,480	-	1,165	1,233	1,315	1,355	-	1,318	539	1,305	1,347	-	1,391	1,545	1,641
Shareholder's Equity	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	784
Float	-	-	-	-	-	169	-	-	-	-	129	-	-	-	-	205	-	-	-	-	46.00	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	170.1%	44.00	16.00	59.00	2.00	50.00	2.00	37.00	14.00	46.00	37.00	42.00	35.00	51.00	52.00	41.00	35.00	70.00	34.00	43.00	39.00	45.00
Share Based Compensation	96.9%	3.00	1.00	1.00	2.00	2.00	1.00	1.00	1.00	2.00	1.00	1.00	1.00	2.00	2.00	2.00	2.00	3.00	3.00	1.00	2.00	3.00
Cashflow From Investing	3318.6%	609	-18.91	-17.63	-15.67	-22.55	-314	31.00	72.00	-15.30	-59.84	-58.98	-46.68	-0.23	-15.67	-17.96	-30.54	-76.40	-25.58	-45.13	-48.65	28.00
Cashflow From Financing	-62643.1%	-320	1.00	-37.47	5.00	-17.39	312	-68.94	-83.07	-37.84	36.00	16.00	-4.89	-42.44	-70.86	-14.80	-40.39	47.00	18.00	7.00	-0.17	-74.77
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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SMLP Income Statement

2024-03-31

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Total revenues	$ 118,871	$ 112,499
Costs and expenses:
Type of Cost, Good or Service [Extensible List]	Natural Gas Liquids [Member]	Natural Gas Liquids [Member]
Cost of natural gas and NGLs	$ 30,182	$ 30,882
Operation and maintenance	25,012	23,972
General and administrative	14,785	9,987
Depreciation and amortization	27,867	29,824
Transaction costs	7,791	302
Acquisition integration costs	40	1,502
Gain on asset sales, net	(27)	(68)
Long-lived asset impairments	67,916	0
Total costs and expenses	173,566	96,401
Other income (expense), net	(13)	56
Gain (loss) on interest rate swaps	2,590	(1,273)
Gain on sale of business	86,202	18
Gain on sale of equity method investment	126,261	0
Interest expense	(37,846)	(34,223)
Income (loss) before income taxes and equity method investment income	122,499	(19,324)
Income tax benefit (expense)	(210)	252
Income from equity method investees	10,638	4,909
Net income (loss)	132,927	(14,163)
Less: Net income attributable to Subsidiary Series A Preferred Units	(3,770)	(1,746)
Net income (loss) attributable to Summit Midstream Partners, LP	129,157	(15,909)
Less: net income attributable to Series A Preferred Units	(3,220)	(2,639)
Net income (loss) attributable to common limited partners	$ 125,937	$ (18,548)
Net income (loss) per limited partner unit:
Common unit - basic (in dollars per share)	$ 12.05	$ (1.82)
Common unit - diluted (in dollars per share)	$ 11.47	$ (1.82)
Weighted-average limited partner units outstanding:
Common units - basic (in shares)	10,449	10,213
Common units - diluted (in shares)	10,980	10,213
Gathering services and related fees
Revenues:
Total revenues	$ 61,985	$ 57,371
Natural gas, NGLs and condensate sales
Revenues:
Total revenues	49,092	49,163
Other revenues
Revenues:
Total revenues	$ 7,794	$ 5,965

SMLP Balance Sheet

2024-03-31

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 344,590	$ 14,044
Restricted cash	3,454	2,601
Accounts receivable	66,587	76,275
Other current assets	5,935	5,502
Total current assets	420,566	98,422
Property, plant and equipment, net	1,447,443	1,698,585
Intangible assets, net	147,304	175,592
Investment in equity method investees	273,476	486,434
Other noncurrent assets	31,786	35,165
TOTAL ASSETS	2,320,575	2,494,198
LIABILITIES AND CAPITAL
Trade accounts payable	18,063	22,714
Accrued expenses	36,554	32,377
Deferred revenue	8,899	10,196
Ad valorem taxes payable	3,282	8,543
Accrued compensation and employee benefits	2,824	6,815
Accrued interest	44,826	19,298
Accrued environmental remediation	1,854	1,483
Accrued settlement payable	6,667	6,667
Current portion of long-term debt	29,098	15,524
Other current liabilities	7,476	10,395
Total current liabilities	159,543	134,012
Long-term debt, net of issuance costs	1,127,287	1,455,166
Noncurrent deferred revenue	28,761	30,085
Noncurrent accrued environmental remediation	1,278	1,454
Other noncurrent liabilities	28,298	30,266
TOTAL LIABILITIES	1,345,167	1,650,983
Commitments and contingencies (Note 14)
Mezzanine Capital
Subsidiary Series A Preferred Units (93,039 units issued and outstanding at March 31, 2024 and December 31, 2023)	126,794	124,652
Partners' Capital
Series A Preferred Units (65,508 units issued and outstanding at March 31, 2024 and December 31, 2023)	100,113	96,893
Common limited partner capital (10,648,685 and 10,376,189 units issued and outstanding at March 31, 2024 and December 31, 2023, respectively)	748,501	621,670
Total partners' capital	848,614	718,563
TOTAL LIABILITIES AND CAPITAL	$ 2,320,575	$ 2,494,198

About Summit Midstream Partners LP

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 services. Its unconventional resource basins include the Utica and Point Pleasant shale formations in southeastern Ohio; the Williston Basin that consists of the Bakken and Three Forks shale formations in northwestern North Dakota; the Denver-Julesburg Basin, which include the Niobrara and Codell shale formations in Colorado; the Permian Basin that comprise the Bone Spring and Wolfcamp shale formations in New Mexico; the Piceance Basin, which include the Mesaverde formation, and the Mancos and Niobrara shale formations in western Colorado; the Barnett Shale formation in north-central Texas; and the Marcellus Shale formation in northern West Virginia. The company also 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.

CEO	Mr. J. Heath Deneke
WEBSITE	summitmidstream.com
INDUSTRY	Oil - Midstream
EMPLOYEES	252

Summit Midstream Partners LP Frequently Asked Questions

What is the ticker symbol for Summit Midstream Partners LP? What does SMLP stand for in stocks?

SMLP is the stock ticker symbol of Summit Midstream Partners LP. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Summit Midstream Partners LP (SMLP)?

As of Thu May 16 2024, market cap of Summit Midstream Partners LP is 359.07 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SMLP stock?

You can check SMLP's fair value in chart for subscribers.

What is the fair value of SMLP stock?

You can check SMLP's fair value in chart for subscribers. The fair value of Summit Midstream Partners LP is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Summit Midstream Partners LP is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SMLP so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Summit Midstream Partners LP a good stock to buy?

The fair value guage provides a quick view whether SMLP is over valued or under valued. Whether Summit Midstream Partners LP is cheap or expensive depends on the assumptions which impact Summit Midstream Partners LP's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SMLP.

What is Summit Midstream Partners LP's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu May 16 2024, SMLP's PE ratio (Price to Earnings) is -6.97 and Price to Sales (PS) ratio is 0.77. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SMLP PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Summit Midstream Partners LP's stock?

In the past 10 years, Summit Midstream Partners LP has provided -0.259 (multiply by 100 for percentage) rate of return.