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Summit Midstream Partners LP

Energy US SMLP

34.29USD
0.09(0.26%)

Last update at 2024-05-16T16:51:00Z

Day Range

32.4934.47
LowHigh

52 Week Range

13.0021.40
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -141.27700M -28.15600M 177.66M -30.80800M 53.27M
Minority interest - 0.00000M -3.27400M 27.45M 0.17M
Net income -141.60200M -27.82900M 189.08M -31.98200M 42.18M
Selling general administrative 51.91M 59.84M 76.43M 55.93M 52.88M
Selling and marketing expenses - - - - -
Gross profit 173.71M 199.57M 228.69M 269.88M 195.01M
Reconciled depreciation 119.99M 120.00M 119.07M 111.43M 106.77M
Ebit -82.34700M -55.05600M -52.79500M 7.38M 14.23M
Ebitda 37.65M 64.94M 66.28M 118.80M 120.99M
Depreciation and amortization 119.99M 120.00M 119.07M 111.43M 106.77M
Non operating income net other 33.32M -8.90800M 214.64M -336.31500M -10.88800M
Operating income -82.34700M -55.05600M -52.79500M 7.38M 142.14M
Other operating expenses 331.94M 335.07M 317.25M 327.16M 364.52M
Interest expense 102.46M 66.16M 78.89M 74.43M 60.53M
Tax provision 0.33M -0.32700M -0.14600M 1.17M 0.03M
Interest income - - - 74.43M 60.53M
Net interest income -102.45900M -66.15600M -78.89400M -74.42900M -60.53500M
Extraordinary items - - - - -
Non recurring 98.61M 11.83M 16.08M 78.51M 7.19M
Other items - - - - -
Income tax expense 0.33M -0.32700M -0.14600M 1.17M 0.03M
Total revenue 369.59M 400.62M 383.47M 443.53M 506.65M
Total operating expenses 136.06M 134.02M 162.46M 153.51M 52.88M
Cost of revenue 195.88M 201.04M 154.78M 173.64M 311.64M
Total other income expense net -58.93000M 26.90M 230.46M -38.18500M -28.33000M
Discontinued operations - - - - -
Net income from continuing ops -123.46100M -19.94900M 177.81M -31.98200M 53.24M
Net income applicable to common shares -140.60500M -19.94900M 181.08M -369.83300M 32.80M
Preferred stock and other adjustments - - - - 9.38M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 2559.96M 2522.46M 2499.82M 2573.45M 3020.56M
Intangible assets 198.72M 172.93M 199.57M 232.28M 273.42M
Earning assets - - - - -
Other current assets 8.72M 5.68M 4.62M 5.02M 3.97M
Total liab 1795.15M 1618.10M 1576.93M 1809.93M 1799.34M
Total stockholder equity 883.40M 1010.69M 1012.55M 790.97M -387.13300M
Deferred long term liab - - 7.40M 6.20M -
Other current liab 84.28M 3.68M 5.36M 11.93M 12.64M
Common stock 679.49M 734.59M 748.47M 469.90M 902.36M
Capital stock - - - - -
Retained earnings -143.41000M -19.94900M - - -
Other liab 68.47M 77.47M 68.20M 224.85M 430.52M
Good will - - - 0.00000M 16.21M
Other assets 25.25M 12.89M 400.61M 9.72M 11.72M
Cash 11.81M 7.35M 15.54M 32.34M 4.34M
Cash and equivalents - - - - -
Total current liabilities 117.89M 79.24M 68.41M 84.15M 110.05M
Current deferred revenue 9.05M 10.37M 9.99M 13.49M 11.47M
Net debt 1478.55M 1347.72M 1331.78M 1437.96M 1253.39M
Short term debt 10.51M 54.69M 41.18M 34.31M 47.53M
Short long term debt 10.51M - - - -
Short long term debt total 1490.36M 1355.07M 1347.33M 1470.30M 1257.73M
Other stockholder equity 1026.81M 1010.69M 1012.55M 790.97M 387.13M
Property plant equipment 1718.75M 1726.08M 1817.55M 1882.25M 1963.71M
Total current assets 97.54M 87.37M 82.10M 139.48M 106.25M
Long term investments 506.68M 523.20M 392.74M 309.73M 649.25M
Net tangible assets 684.68M 561.67M 812.98M 558.69M 931.60M
Short term investments - - 392.74M - -
Net receivables 75.29M 62.12M 61.93M 102.12M 97.94M
Long term debt 1479.86M 1355.07M 1347.33M 1470.30M 1257.73M
Inventory 1.72M 12.22M - - -
Accounts payable 14.05M 10.50M 11.88M 24.41M 38.41M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - - - -442.68100M -387.13300M
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 38.27M 12.89M 7.87M 9.72M 11.72M
Deferred long term asset charges - - - - -
Non current assets total 2462.42M 2435.09M 2417.72M 2433.97M 2914.31M
Capital lease obligations - - - - -
Long term debt total 1479.86M 1355.07M 1347.33M 1470.30M 1257.73M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -8.44400M -148.69900M -99.92700M -4.02900M 3.57M
Change to liabilities 4.10M -5.38400M -3.95600M -11.85100M 10.89M
Total cashflows from investing activities -226.55800M -165.72900M -140.56900M -90.87000M -216.27900M
Net borrowings 128.31M 25.45M 171.14M 58.75M 204.66M
Total cash from financing activities 121.77M 4.66M -79.39800M -63.47200M -8.73500M
Change to operating activities -9.98800M 11.43M 12.69M -20.52900M 7.98M
Net income -123.46100M -19.94900M 189.08M -369.83300M 42.35M
Change in cash -6.04100M 4.03M -21.37800M 28.00M 2.92M
Begin period cash flow 19.57M 15.54M 36.92M 4.34M 1.43M
End period cash flow 13.53M 19.57M 15.54M 32.34M 4.34M
Total cash from operating activities 98.74M 165.10M 198.59M 182.34M 227.93M
Issuance of capital stock - 0.00000M 48.71M 27.39M 0.00000M
Depreciation 119.99M 120.00M 119.07M 111.43M 106.77M
Other cashflows from investing activities -187.64200M 8.00M 2.49M 102.42M -10.76900M
Dividends paid -3.25700M - -284.30000M -145.12400M 209.21M
Change to inventory - 5.64M 0.11M -11.82700M 11.66M
Change to account receivables 0.28M -0.17800M 35.35M -4.33400M -21.53500M
Sale purchase of stock - 0.00000M -66.77800M 369.00M -
Other cashflows from financing activities 359.68M 1128.70M 526.67M -156.74000M 284.47M
Change to netincome 119.65M 52.17M 35.42M 456.22M 57.87M
Capital expenditures 30.47M 25.03M 43.13M 182.29M 200.59M
Change receivables 0.28M -0.17800M 35.35M -4.33400M -21.53500M
Cash flows other operating 88.84M 122.94M -63.91100M 107.72M 134.07M
Exchange rate changes - - - - -
Cash and cash equivalents changes -6.04100M 4.03M -21.37800M 28.00M 2.92M
Change in working capital -13.53800M 5.87M 50.02M -23.27500M -8.12200M
Stock based compensation 3.78M 4.74M 8.11M 8.17M 8.33M
Other non cash items 111.65M 8.12M 9.85M 5.51M 25.26M
Free cash flow 68.27M 140.07M 155.46M 0.05M 27.34M

Fundamentals

  • Previous Close 34.20
  • Market Cap186.25M
  • Volume44994
  • P/E Ratio-
  • Dividend Yield52.92%
  • EBITDA184.53M
  • Revenue TTM418.25M
  • Revenue Per Share TTM40.66
  • Gross Profit TTM 209.55M
  • Diluted EPS TTM-7.02

Peer Comparison

Sector: Energy Industry: Oil & Gas Midstream

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
SMLP
Summit Midstream Partners LP
0.09 0.26% 34.29 - 4.32 0.45 0.25 3.89 9.04
ENB
Enbridge Inc
-0.195 0.53% 36.80 32.07 17.33 1.67 1.73 2.98 10.28
EBBNF
Enbridge Inc
0.05 0.24% 20.95 8.69 - 1.66 -
EPD
Enterprise Products Partners LP
- -% 28.84 10.72 9.90 1.17 2.09 1.76 9.64
ET
Energy Transfer LP
0.05 0.31% 15.94 13.07 8.26 0.59 1.41 1.21 7.76

Reports Covered

Stock Research & News

Profile

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.

Summit Midstream Partners LP

910 Louisiana Street, Houston, TX, United States, 77002

Key Executives

Name Title Year Born
Mr. J. Heath Deneke Pres, CEO & Chairman of Summit Midstream GP, LLC 1974
Mr. James David Johnston Exec. VP, Gen. Counsel, Sec. & Chief Compliance Officer of Summit Midstream GP LLC 1970
Mr. William Mault J. Exec. VP & CFO of Summit Midstream GP, LLC 1986
Mr. Matthew B. Sicinski Sr. VP & Chief Accounting Officer of Summit Midstream GP LLC 1977
Randall Burton Director of Fin., Treasurer & Investor Relations NA
Mr. Ryan Simmons CFA Sr. VP of Commercial - Summit Midstream GP LLC NA
Mr. Hugo Guerrero Sr. VP of Engineering & Operations of Summit Midstream GP LLC NA
Ms. Carrie Vruno VP & Controller of Summit Midstream GP LLC NA

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