Last $55.28 USD
Change Today +1.43 / 2.66%
Volume 75.1K
SMLP On Other Exchanges
Symbol
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As of 6:40 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

summit midstream partners lp (SMLP) Snapshot

Open
$54.21
Previous Close
$53.85
Day High
$55.50
Day Low
$53.99
52 Week High
08/21/14 - $55.50
52 Week Low
09/5/13 - $31.62
Market Cap
3.3B
Average Volume 10 Days
41.7K
EPS TTM
$0.56
Shares Outstanding
34.4M
EX-Date
08/5/14
P/E TM
99.1x
Dividend
$2.08
Dividend Yield
3.55%
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 the ownership, development, and operation of midstream energy infrastructure assets primarily shale formations, in North America. It provides natural gas gathering, treating, and compression services. The company operates four unconventional resource basins, including the Appalachian Basin, which includes the Marcellus Shale formation in northern West Virginia; the Williston Basin comprising the Bakken and Three Forks shale formations in northwestern North Dakota; the Fort Worth Basin that consists of the Barnett Shale formation in north-central Texas; and the Piceance Basin, which comprise the Mesaverde formation, as well as the Mancos and Niobrara shale formations in western Colorado. As of March 10, 2014, it owned and operated 804 miles of pipeline and 182,460 horsepower of compression. The company serves crude oil and natural gas producers. Summit Midstream GP, LLC operates as a general partner of the company. Summit Midstream Partners, LP was founded in 2009 and is headquartered in Dallas, Texas.

Founded in 2009

summit midstream partners lp (SMLP) Top Compensated Officers

Chief Executive Officer of Summit Midstream G...
Total Annual Compensation: $240.0K
Chief Financial Officer of Summit Midstream G...
Total Annual Compensation: $215.7K
Chief Compliance Officer of Summit Midstream ...
Total Annual Compensation: $221.0K
Compensation as of Fiscal Year 2013.

summit midstream partners lp (SMLP) Key Developments

Summit Midstream Partners, LP Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-19-2014

Summit Midstream Partners, LP Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-19-2014 . Venue: Encore at Wynn Las Vegas, 3121 Las Vegas Boulevard South, Las Vegas, NV 89109, United States. Speakers: Matthew S. Harrison, Chief Financial Officer of Summit Midstream GP LLC, Principal Accounting Officer of Summit Midstream GP LLC and Senior Vice President of Summit Midstream GP LLC, Steven J. Newby, Chief Executive Officer of Summit Midstream GP LLC, President of Summit Midstream GP LLC and Director of Summit Midstream GP LLC.

Summit Midstream Partners, LP Announces Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2014; Reaffirms Earnings Guidance for the Full Year 2014

Summit Midstream Partners, LP announced unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $80,796,000 against $71,461,000 a year ago. Income before income taxes was $4,505,000 against $8,988,000 a year ago. Net income was $4,036,000 against $8,767,000 a year ago. Net income attributable to limited partners was $3,235,000 or $0.05 per diluted unit against $7,907,000 or $0.16 per diluted unit a year ago. EBITDA was $36,012,000 against $29,061,000 a year ago. Adjusted EBITDA was $47,956,000 against $36,750,000 a year ago. Capital expenditures were $23,236,000 against $21,345,000 a year ago. Acquisition capital expenditures were nil against $458,914,000 a year ago. Distributable cash flow was $36,670,000 against $27,879,000 a year ago. Adjusted distributable cash flow was $34,746,000 against $30,314,000 a year ago. For the six months, the company reported total revenues of $156,998,000 against $133,446,000 a year ago. Income before income taxes was $11,037,000 against $23,032,000 a year ago. Net income was $10,409,000 against $22,630,000 a year ago. Net income attributable to limited partners was $6,349,000 or $0.14 per diluted unit against $20,137,000 or $0.41 per diluted unit a year ago. EBITDA was $69,555,000 against $59,177,000 a year ago. Adjusted EBITDA was $94,575,000 against $73,623,000 a year ago. Capital expenditures were $63,336,000 against $49,642,000 a year ago. Acquisition capital expenditures were $305,000,000 against $458,914,000 a year ago. Distributable cash flow was $68,403,000 against $60,239,000 a year ago. Adjusted distributable cash flow was $69,015,000 against $62,172,000 a year ago. The company reported volume throughput on SMLP's assets averaged 1,403 million cubic feet per day ("MMcf/d") in the second quarter of 2014, an increase of 32.4% over 1,060 MMcf/d in the second quarter of 2013. The company reported volume throughput averaged 1,356 MMcf/d for the six months ended June 30, 2014, an increase of 26.1% over 1,075 MMcf/d in the comparable period in 2013. SMLP is reaffirming its 2014 adjusted EBITDA guidance of $190.0 million to $210.0 million. Given the pending TEM acquisition and the decision to further expand compression capacity on the Bison Midstream system, SMLP is increasing its 2014 capital expenditure guidance from $100.0 million to $115.0 million to $125.0 million to $135.0 million, including $15.0 to $20.0 million of maintenance capital expenditures.

Summit Midstream Partners, LP Announces Increased Second Quarter 2014 Distribution, Payable on August 14, 2014

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 $0.52 per unit on all of its outstanding common and subordinated units, or $2.08 per unit on an annualized basis, for the quarter ended June 30, 2014. The distribution will be paid on August 14, 2014 to unitholders of record as of the close of business on August 7, 2014.

 

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SMLP

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Valuation SMLP Industry Range
Price/Earnings 100.0x
Price/Sales 11.9x
Price/Book 3.1x
Price/Cash Flow 32.1x
TEV/Sales 9.2x
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