SMLP - Summit Midstream Partners, LP

NYSE - NYSE Delayed Price. Currency in USD
0.5704
-0.0596 (-9.46%)
At close: 4:02PM EDT

0.5748 0.00 (0.77%)
Pre-Market: 9:01AM EDT

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Previous Close0.6300
Open0.6100
Bid0.5757 x 2200
Ask0.0000 x 800
Day's Range0.5700 - 0.6480
52 Week Range0.5000 - 10.0300
Volume523,065
Avg. Volume562,230
Market Cap53.397M
Beta (5Y Monthly)1.88
PE Ratio (TTM)N/A
EPS (TTM)-4.8400
Earnings DateMay 06, 2020 - May 10, 2020
Forward Dividend & Yield0.50 (79.37%)
Ex-Dividend DateFeb 05, 2020
1y Target Est0.92
  • Thomson Reuters StreetEvents

    Edited Transcript of SMLP earnings conference call or presentation 28-Feb-20 3:00pm GMT

    Q4 2019 Summit Midstream Partners LP Earnings Call

  • Summit Midstream Partners, LP Files 2019 Annual Report on Form 10-K
    PR Newswire

    Summit Midstream Partners, LP Files 2019 Annual Report on Form 10-K

    Summit Midstream Partners, LP (NYSE: SMLP) announced today that it has filed its 2019 Annual Report on Form 10-K with the Securities and Exchange Commission. This report contains SMLP's audited financial statements for the fiscal year ended December 31, 2019. A copy of the report is available for viewing and downloading on SMLP's website at www.summitmidstream.com.

  • Summit Midstream Partners, LP Announces 2019 K-1 Tax Package Availability
    PR Newswire

    Summit Midstream Partners, LP Announces 2019 K-1 Tax Package Availability

    Summit Midstream Partners, LP (NYSE: SMLP) announced today that its 2019 tax packages, including the Schedule K-1, are now available online and may be accessed at https://partnerdatalink.com/Summit. SMLP will begin mailing the 2019 tax packages to unitholders on Tuesday, March 3, 2020.

  • Summit Midstream Partners, LP Reports Fourth Quarter and Full-Year 2019 Financial Results & Provides 2020 Financial Guidance
    PR Newswire

    Summit Midstream Partners, LP Reports Fourth Quarter and Full-Year 2019 Financial Results & Provides 2020 Financial Guidance

    Summit Midstream Partners, LP (NYSE: SMLP) announced today its financial and operating results for the three months ended December 31, 2019, including a net loss of $327.1 million, adjusted EBITDA of $77.5 million, DCF of $47.1 million, and a quarterly distribution coverage ratio of 4.0x. Net loss for the quarter was primarily related to a $336.7 million non-cash impairment associated with our equity investments in Ohio Gathering and Ohio Condensate due to an expected decrease in customer activity as a result of lower forward commodity prices. Net loss also included a $14.2 million non-cash impairment related to the $12.0 million sale of a natural gas gathering and processing sub-system in the Piceance Basin ("RRG West") in December 2019, and $5.7 million of restructuring, severance and transaction expenses associated with the November 2019 DPPO amendment and our ongoing initiative to reduce our cost structure.

  • Summit Midstream Partners, LP Announces Fourth Quarter 2019 Distribution and Schedules Fourth Quarter 2019 Earnings Call
    PR Newswire

    Summit Midstream Partners, LP Announces Fourth Quarter 2019 Distribution and Schedules Fourth Quarter 2019 Earnings Call

    Summit Midstream Partners, LP (NYSE: SMLP) announced today that the board of directors of its general partner, Summit Midstream GP, LLC, has declared a quarterly cash distribution of $0.125 per unit on all of its outstanding common units for the quarter ended December 31, 2019, or $0.50 per unit on an annualized basis. This distribution represents a 56.5% reduction from the previous quarter, and will be paid on February 14, 2020, to unitholders of record as of the close of business on February 7, 2020.

  • Midstream co. moving HQ from The Woodlands to downtown Houston
    American City Business Journals

    Midstream co. moving HQ from The Woodlands to downtown Houston

    Summit Midstream Partners LP (NYSE: SMLP) will move its corporate headquarters from The Woodlands to downtown Houston on March 1, according to a press release. The midstream energy infrastructure company will occupy the 41st and 42nd floors of One Shell Plaza, at 910 Louisiana St. Summit's current headquarters office is at 1790 Hughes Landing Blvd., Suite 500, in The Woodlands. Summit moved to The Woodlands from Dallas in 2015.

  • Summit Midstream Partners, LP Announces Relocation of Corporate Headquarters to Downtown Houston, Texas
    PR Newswire

    Summit Midstream Partners, LP Announces Relocation of Corporate Headquarters to Downtown Houston, Texas

    Summit Midstream Partners, LP (NYSE: SMLP) announced today that, effective March 1, 2020, it will relocate its corporate headquarters from The Woodlands, Texas to downtown Houston, Texas. In addition to relocating corporate teams from The Woodlands, this move will also include a relocation of Summit's Finance and Accounting functions currently located in Atlanta, Georgia, where the company was founded. This decision represents an opportunity to enhance Summit's corporate culture and effectiveness by bringing its employees together in a single location while significantly reducing the cost associated with operating multiple corporate office locations.

  • Summit Midstream Partners, LP Announces Agreement with TPG for Financing Solution of Double E Pipeline
    PR Newswire

    Summit Midstream Partners, LP Announces Agreement with TPG for Financing Solution of Double E Pipeline

    Summit Midstream Partners, LP (NYSE: SMLP) announced today that it has entered into agreements with TPG, a global alternative asset firm ("TPG"), for the purchase of up to $80 million of redeemable, preferred interests in Summit Permian Transmission Holdco, LLC ("Permian Holdco"), a newly created, unrestricted subsidiary of SMLP that indirectly owns SMLP's 70% interest in Double E Pipeline, LLC ("Double E"). In connection with the transaction, TPG will fund the next $80 million of Permian Holdco's capital calls associated with Double E. The investment by TPG will be made by TPG Energy Solutions ("TES"), the firm's energy-specific structured equity vehicle.

  • PR Newswire

    Alerian Index Series December 2019 Index Review

    Alerian announced the results of the December quarterly review for the Alerian Index Series. All changes will be implemented as of the close of business on Friday, December 20, 2019.

  • Thomson Reuters StreetEvents

    Edited Transcript of SMLP earnings conference call or presentation 8-Nov-19 3:00pm GMT

    Q3 2019 Summit Midstream Partners LP Earnings Call

  • Summit Midstream Partners, LP Announces Series A Preferred Distribution
    PR Newswire

    Summit Midstream Partners, LP Announces Series A Preferred Distribution

    Summit Midstream Partners, LP (NYSE: SMLP) announced today that the board of directors of its general partner, Summit Midstream GP, LLC, has declared a distribution of $47.50 per Series A Preferred Unit, which will be paid on December 16, 2019 to holders of record at the close of business on December 2, 2019.

  • Summit Midstream Partners, LP Reports Third Quarter 2019 Financial Results
    PR Newswire

    Summit Midstream Partners, LP Reports Third Quarter 2019 Financial Results

    - Third quarter 2019 net loss of $10.6 million , adjusted EBITDA of $72.0 million and Distributable Cash Flow ("DCF") of $41.7 million - SMLP reported a distribution coverage ratio of 1.75x for ...

  • Is Summit Midstream Partners LP (SMLP) Going To Burn These Hedge Funds ?
    Insider Monkey

    Is Summit Midstream Partners LP (SMLP) Going To Burn These Hedge Funds ?

    Is Summit Midstream Partners LP (NYSE:SMLP) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The […]

  • Summit Midstream Partners, LP Announces Third Quarter 2019 Distribution and Schedules Third Quarter 2019 Earnings Call
    PR Newswire

    Summit Midstream Partners, LP Announces Third Quarter 2019 Distribution and Schedules Third Quarter 2019 Earnings Call

    THE WOODLANDS, Texas, Oct. 24, 2019 /PRNewswire/ -- Summit Midstream Partners, LP (SMLP) announced today that the board of directors of its general partner, Summit Midstream GP, LLC, has declared a quarterly cash distribution of $0.2875 per unit on all of its outstanding common units, or $1.15 per unit on an annualized basis, for the quarter ended September 30, 2019.  This distribution will be paid on November 14, 2019, to unitholders of record as of the close of business on November 7, 2019. SMLP will host a conference call at 10:00 a.m. Eastern on Friday, November 8, 2019, to discuss its quarterly results.  Interested parties may participate in the call by dialing 847-585-4405 or toll-free 888-771-4371 and entering the passcode 49087220.  The conference call will also be webcast live and can be accessed through the Investors section of SMLP's website at www.summitmidstream.com.

  • Moody's

    Summit Midstream Partners Holdings, LLC -- Moody's announces completion of a periodic review of ratings of Summit Midstream Partners Holdings, LLC

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Summit Midstream Partners Holdings, LLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • 2 Vital Facts About High-Yield Dividend Stocks That Every Investor Should Know
    Motley Fool

    2 Vital Facts About High-Yield Dividend Stocks That Every Investor Should Know

    While big dividends may be alluring, income investors must be careful. These tips can help you avoid the yield traps and pick the real long-term winners.

  • Danger Lurks for These 2 High-Yield Dividend Stocks
    Motley Fool

    Danger Lurks for These 2 High-Yield Dividend Stocks

    These big-time dividends might not last much longer.

  • Thomson Reuters StreetEvents

    Edited Transcript of SMLP earnings conference call or presentation 9-Aug-19 2:00pm GMT

    Q2 2019 Summit Midstream Partners LP Earnings Call

  • This Ultra-High-Yield Dividend Stock Remains on Shaky Ground
    Motley Fool

    This Ultra-High-Yield Dividend Stock Remains on Shaky Ground

    Summit Midstream Partners’ is working hard to ensuring the long-term sustainability of its nearly 20%-yielding payout.

  • Summit Midstream Partners LP (SMLP) Q2 2019 Earnings Call Transcript
    Motley Fool

    Summit Midstream Partners LP (SMLP) Q2 2019 Earnings Call Transcript

    SMLP earnings call for the period ending June 30, 2019.

  • PR Newswire

    Alerian Reports June 30, 2019 Index Linked Product Positions

    DALLAS , Aug. 9, 2019 /PRNewswire/ -- Alerian reported, as of June 28, 2019 , total products directly tied to and tracking the Alerian indices was $13.7 billion . Exchange traded funds, exchange traded ...

  • Summit Midstream Partners, LP Reports Second Quarter 2019 Financial Results
    PR Newswire

    Summit Midstream Partners, LP Reports Second Quarter 2019 Financial Results

    - Second quarter 2019 net income of $4.8 million - Second quarter 2019 adjusted EBITDA of $68.6 million , Distributable Cash Flow of $38.4 million , and a distribution coverage ratio of 1.62x - Sequential ...

  • Summit Midstream Partners Appoints J. Heath Deneke President, Chief Executive Officer and Member of the Board of Directors
    PR Newswire

    Summit Midstream Partners Appoints J. Heath Deneke President, Chief Executive Officer and Member of the Board of Directors

    THE WOODLANDS, Texas, Aug. 9, 2019 /PRNewswire/ -- Summit Midstream Partners, LP (SMLP) today announced that its Board of Directors has appointed J. Heath Deneke to serve as President and Chief Executive Officer of Summit Midstream Partners, LLC, effective September 16, 2019. Mr. Deneke will also join the Board of Directors of Summit Midstream GP, LLC. Leonard Mallett, who has been serving as President and CEO of Summit Midstream Partners on an interim basis since February 2019, will continue to serve as the Company's Chief Operations Officer and will report to Mr. Deneke.

  • Benzinga

    A Preview Of Summit Midstream Partners Earnings

    Summit Midstream Partners (NYSE: SMLP ) announces its next round of earnings this Friday, August 9. Here is Benzinga's everything-that-matters guide for the Q2 earnings announcement. Earnings and Revenue ...

  • PR Newswire

    Summit Midstream Partners, LP Announces Second Quarter 2019 Distribution and Schedules Second Quarter 2019 Earnings Call

    THE WOODLANDS, Texas, July 25, 2019 /PRNewswire/ -- Summit Midstream Partners, LP (SMLP) announced today that the board of directors of its general partner, Summit Midstream GP, LLC, has declared a quarterly cash distribution of $0.2875 per unit on all of its outstanding common units, or $1.15 per unit on an annualized basis, for the quarter ended June 30, 2019.  This distribution will be paid on August 14, 2019, to unitholders of record as of the close of business on August 7, 2019. SMLP will host a conference call at 10:00 a.m. Eastern on Friday, August 9, 2019, to discuss its quarterly results.  Interested parties may participate in the call by dialing 847-585-4405 or toll-free 888-771-4371 and entering the passcode 48729287.  The conference call will also be webcast live and can be accessed through the Investors section of SMLP's website at www.summitmidstream.com.