|Bid||25.72 x 1100|
|Ask||26.47 x 3000|
|Day's Range||23.88 - 27.97|
|52 Week Range||8.55 - 33.75|
|Beta (5Y Monthly)||3.34|
|PE Ratio (TTM)||0.36|
|Earnings Date||May 07, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 06, 2020|
|1y Target Est||20.00|
NEW YORK, NY / ACCESSWIRE / May 7, 2021 / Summit Midstream Partners LP (NYSE:SMLP) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on May 7, 2021 at 10:00 AM Eastern Time.To listen to the event live or access a replay of the call - visit https://www.
Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today its financial and operating results for the three months ended March 31, 2021, including net income of $9.0 million, adjusted EBITDA of $60.4 million and DCF of $46.2 million. Operated natural gas volume throughput averaged 1,346 million cubic feet per day ("MMcf/d") and liquids volume throughput averaged 65 thousand barrels per day ("Mbbl/d"). Operated natural gas volumes decreased 6.3% relative to the fourth quarter of 2020, largely due to natural production declines and impacts from severe winter weather in some segments, partially offset by volumes from six new well connections during the quarter in the Utica Shale and Permian segments. Quarterly liquids volume throughput decreased by 8.5% relative to the fourth quarter of 2020 as there were no new liquids wells connected during the quarter.
Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today the final results of its offer to exchange (the "Exchange Offer") its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Liquidation Preference $1,000) (the "Series A Preferred Units") tendered in the Exchange Offer for up to 2,400,000 newly issued common units representing limited partner interests in the Partnership (the "Common Units"), which expired at 11:59 p.m., New York City time, on April 13, 2021. Based on information provided by American Stock Transfer & Trust Company, LLC, the depositary of the Exchange Offer, 18,662 Series A Preferred Units were properly tendered and not validly withdrawn.