Summit Midstream Partners continues to see its debt dwarf its market capitalization as its share price struggles to perform.
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On August 4th, Summit Midstream told the street that its FY 2022 Adj. EBITDA should come in at the high end of its range. Read more about SMLP stock here.
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Summit Midstream Partners, LP (NYSE:NYSE:SMLP) Q2 2022 Earnings Conference Call August 05, 2022, 10:00 AM ET Company Participants Heath Deneke - President, CEO and Chairman William Mault -…
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Summit Midstream Partners press release (SMLP): Q2 GAAP EPS of -$9.53 misses by $7.83.Revenue of $99.06M (-1.0% Y/Y) beats by $36.86M.
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Second quarter 2022 net loss of $91.8 million, adjusted EBITDA of $50.5 million and cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $25.6 million Adjusted EBITDA was impacted by approximately $3.6 million of estimated weather-related interruptions in the…
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HOUSTON, July 21, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership", "SMLP" or "Summit") announced today that it will report operating and financial results for the second quarter of 2022 on Thursday, August 4, 2022, after the close of trading on the New…
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This article is excerpted from Tom Yeung’s Profit & Protection newsletter. To make sure you don’t miss any of Tom’s picks, subscribe to his mailing list here . Even Doctors Are Worried About Housing Costs… “Hey Tom, I’m thinking of moving to Long Island City,” an old New York friend admitted to me this weekend. “New York’s Upper East Side just isn’t worth it anymore…” I was stunned. A medical doctor… dual-income family… no kids… and still worried about housing prices? Yet, exorbitant housing prices have hit everyone, from the average worker to career professionals. The average rent in the U.S. crossed over $2,000 for the first time in May, according to Redfin (NASDAQ: RDFN ). A renter must now land in the top 16% to 21% of U.S. incomes to meet the typical “28% of gross income” housing guideline. And then it dawned on me that my friend was right. In New York’s Upper East Side — a neighborhood where rents have risen 51% in the past year — the average house now lists for $1.5 million, according to Realtor.com.
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This article is excerpted from Tom Yeung’s Profit & Protection newsletter. To make sure you don’t miss any of Tom’s picks, subscribe to his mailing list here . The Market Rout Has Made Deals of the Century Let me tell you something: I hate deal hunting. No matter how long I look for a bargain, I’ll find a cheaper version the moment I’ve finished paying. Want to buy a used car? Just wait until my friend finally sells me his 2004 Bentley. That’s guaranteed to crash the prices of used land yachts across the country. The latest smartphone? Airline tickets? A house? You bet it’s the same story. But when it comes to stocks, all that changes. The lower share prices go, the more excited I get. That’s because my investment system has a nose for good deals. Some companies have abnormally large cash hoards. Today no fewer than 368 companies have negative enterprise values, an atypical case where a firm’s cash on hand exceeds the value of their debt plus equity. Others have assets hiding in plain sight.
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Matador Resources (MTDR) said that one of its wholly-owned subsidiaries has entered into a definitive pact with a wholly-owned subsidiary of Summit Midstream Partners, LP to…
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Cash sale price of $75 million reduces SMLP''s total leverage by ~0.3x and increases its liquidity and financial flexibility for reinvestment Expands Double E''s commercial relationship with Matador, a top-tier Delaware producer with nearly 125,000 net acres in New Mexico and an existing economic interest in a processing plant complex in Eddy County, New Mexico currently connected to Double E Matador assumes additional take-or-pay firm capacity on Double E Provides Summit additional financial flexibility to pursue strategic, scale-building opportunities for Double E and around Summit''s other core assets in growth basins The transaction is expected to be free cash flow accretive to SMLP unitholders Summit reiterates its 2022 Adjusted EBITDA guidance range of $205 million to $220 million HOUSTON , June 9, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP ) ("Summit", "SMLP" or the "Partnership") announced today that its wholly owned subsidiary, Summit Midstream Holdings, LLC ("SMP Holdings"), has entered into a definitive agreement to sell Summit Midstream Permian, LLC ("Summit Permian"), which owns the Lane Gathering and Processing System ("Lane G&P System") in the Delaware Basin to a wholly owned subsidiary of Matador Resources Company ("Matador") for a cash sale price of $75 million , subject to customary transaction adjustments.
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This article is excerpted from Tom Yeung’s Moonshot Investor newsletter. To make sure you don’t miss any of Tom’s potential 100x picks, subscribe to his mailing list here . Moonshots for a Changing World Can I be candid with you? I’m getting tired of losing money. Since December, only one of my top 5 Moonshot picks for 2022 is up. And it was a deep-value pick the newsletter wasn’t supposed to cover! POSaBIT (OTCMKTS: POSAF ). -38% Volt Information Sciences (NYSEAMERICAN: VOLT ). +102% Ethereum ( ETH-USD ). -40% Crypto.com Coin ( CRO-USD ). -62% Crispr Technologies (NASDAQ: CRSP ). -42% Thank goodness VOLT made it in. It’s helped my top picks cumulatively lose just -16% for the year, outperforming the broader S&P 500 index. Meanwhile, investors weighted toward high-growth stocks have done even worse. The Nasdaq Composite of tech-heavy stocks has dropped -27%, altcoins have lost -38%, and Cathie Wood’s ARKK Invest (NYSEARCA: ARKK ) is down a stunning -61%. It’s been a terrible year for anyone tasked with covering Moonshot investments.
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HOUSTON, June 21, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") today announced an increase to its full year 2021 financial guidance, including a new adjusted EBITDA range of
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Summit Midstream Partners LP shares closed this week 30.1% higher than it did at the end of last week. The stock is currently up 132.1% year-to-date, up 44.2% over the past 12 months, and down 78.0% over the past five years. This week, the Dow Jones Industrial Average rose 3.7%, and the S&P 500 rose 3.8%. Trading Activity Shares traded as high as $29.70 and as low as $21.37 this week.Shares closed 1e+1% below its 52-week high and 3e+2% above its 52-week low.Trading volume this week was 14.0% lower than the 10-day average and 12.7% lower than the 30-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 2.0. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price beats the S&P 500 Index this week, lags it on a 1-year basis, and lags it on a 5-year basis The company's share price beats the Dow Jones Industrial Average this week, lags it on a 1-year basis, and lags it on a 5-year basis The company share price beats the performance of its peers in the Utilities industry sector this week, beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 875.0% The company's stock price performance over the past 12 months lags the peer average by -21.1%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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NEW YORK, NY / ACCESSWIRE / February 26, 2021 / Summit Midstream Partners LP (NYSE:SMLP) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 26, 2021 at 10:00 AM Eastern Time.To listen to the event live or access a replay of the call - visit https://www.
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Summit Midstream Partners LP shares closed this week 26.6% higher than it did at the end of last week. The stock is currently up 57.6% year-to-date, down 49.9% over the past 12 months, and down 86.6% over the past five years. This week, the Dow Jones Industrial Average rose 3.9%, and the S&P 500 rose 4.8%. Trading Activity Shares traded as high as $21.46 and as low as $14.90 this week.Shares closed 5e+1% below its 52-week high and 2e+2% above its 52-week low.Trading volume this week was 45.3% lower than the 10-day average and 54.5% lower than the 30-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 2.7. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price beats the S&P 500 Index this week, lags it on a 1-year basis, and lags it on a 5-year basis The company's share price beats the Dow Jones Industrial Average this week, lags it on a 1-year basis, and lags it on a 5-year basis The company share price beats the performance of its peers in the Utilities industry sector this week, lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock priceperformance year-to-date beats the peer average by 690.6% The company's stock price performance over the past 12 months lags the peer average by 805.3%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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Summit Midstream Partners LP shares closed today 13.4% higher than it did at the end of yesterday. The stock is currently up 64.1% year-to-date, down 55.5% over the past 12 months, and down 86.5% over the past five years. Today, the Dow Jones Industrial Average rose 1.1%, and the S&P 500 rose 1.1%. Trading Activity Shares traded as high as $21.46 and as low as $14.90 this week.Shares closed 5e+1% below its 52-week high and 2e+2% above its 52-week low.Trading volume this week was 1.9% higher than the 10-day average and 9.4% lower than the 30-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 2.7. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price beats the S&P 500 Index today, lags it on a 1-year basis, and lags it on a 5-year basis The company's share price beats the Dow Jones Industrial Average today, lags it on a 1-year basis, and lags it on a 5-year basis The company share price beats the performance of its peers in the Utilities industry sector today, lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock priceperformance year-to-date beats the peer average by 852.1% The company's stock price performance over the past 12 months lags the peer average by 722.5%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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Summit Midstream Partners LP shares closed this week 37.2% higher than it did at the end of last week. The stock is currently up 38.7% year-to-date, down 66.7% over the past 12 months, and down 87.8% over the past five years. This week, the Dow Jones Industrial Average fell 0.9%, and the S&P 500 fell 1.5%. Trading Activity Shares traded as high as $19.29 and as low as $12.40 this week.Shares closed 6e+1% below its 52-week high and 1e+2% above its 52-week low.Trading volume this week was 37.8% lower than the 10-day average and 19.9% higher than the 30-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 2.7. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed above its Bollinger band, indicating it may be overbought.
Market Comparative Performance The company's share price beats the S&P 500 Index this week, lags it on a 1-year basis, and lags it on a 5-year basis The company's share price beats the Dow Jones Industrial Average this week, lags it on a 1-year basis, and lags it on a 5-year basis The company share price beats the performance of its peers in the Utilities industry sector this week, lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock priceperformance year-to-date beats the peer average by 393.9% The company's stock price performance over the past 12 months lags the peer average by 474.9%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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ExxonMobil (XOM) and Summit Midstream's Double E Pipeline is likely to be commissioned in the fourth quarter of 2021.
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Summit Midstream Partners LP shares closed today 28.1% higher than it did at the end of yesterday. The stock is currently up 40.8% year-to-date, down 62.5% over the past 12 months, and down 87.5% over the past five years. Today, the Dow Jones Industrial Average fell 0.0%, and the S&P 500 rose 0.3%. Trading Activity Shares traded as high as $19.29 and as low as $12.40 this week.Shares closed 7e+1% below its 52-week high and 1e+2% above its 52-week low.Trading volume this week was 79.9% higher than the 10-day average and 220.5% higher than the 30-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 2.7. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed above its Bollinger band, indicating it may be overbought.
Market Comparative Performance The company's share price beats the S&P 500 Index today, lags it on a 1-year basis, and lags it on a 5-year basis The company's share price beats the Dow Jones Industrial Average today, lags it on a 1-year basis, and lags it on a 5-year basis The company share price beats the performance of its peers in the Utilities industry sector today, lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock priceperformance year-to-date beats the peer average by 424.2% The company's stock price performance over the past 12 months lags the peer average by 503.5%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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HOUSTON, Nov. 24, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it has amended its previously announced offer to purchase (the "Tender Offer") for cash up to $25,000,000.00 aggregate purchase price of its 9.50% Series A…
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Summit Midstream Partners LP (NYSE:SMLP) – Stock analysts at US Capital Advisors lifted their Q1 2021 earnings estimates for Summit Midstream Partners in a research report issued to clients and investors on Wednesday, October 14th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will earn ($0.06) per share for the quarter, […]
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HOUSTON, Oct. 16, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced that on October 15, 2020, Double E Pipeline, LLC ("Double E"), a joint venture in which SMLP owns a 70% equity interest and serves as operator, received Federal Energy Regulatory Commission…
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HOUSTON, Sept. 29, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that its wholly owned, indirect subsidiary, Summit Midstream Partners Holdings, LLC ("SMP Holdings"), has entered into a Transaction Support Agreement ("TSA") with an ad hoc group of SMP…
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HOUSTON, Sept. 23, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership" or "SMLP") announced today the expiration and final results of its previously announced cash tender offers (the "Tender Offers") by its subsidiaries, Summit Midstream Holdings, LLC and…
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HOUSTON, Aug. 25, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership" or "SMLP") announced today that its subsidiaries, Summit Midstream Holdings, LLC and Summit Midstream Finance Corp. (collectively, the "Issuers"), have commenced cash tender offers (the…
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HOUSTON, Aug. 24, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that its Board of Directors has appointed James Johnston to serve as Executive Vice President, General Counsel and Chief Compliance Officer of Summit Midstream Partners, LP, effective…
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HOUSTON, Aug. 7, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today its financial and operating results for the three months ended June 30, 2020, including net income of $56.7 million, adjusted EBITDA of $64.6 million and DCF of $42.7 million. Net income…
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HOUSTON, July 31, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today the final results of its offer to exchange (the "Exchange Offer") any and all of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units…
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PDF Version HOUSTON, July 29, 2020 /PRNewswire/ -- Summit Midstream Partners, LP announced today preliminary results regarding its offer to exchange any and all of… | July 29, 2020
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HOUSTON, July 23, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it has further amended the expiration date on its offer to exchange (the "Exchange Offer") any and all of its 9.50% Series A Fixed-to-Floating Rate Cumulative…
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HOUSTON, July 20, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today updates regarding its offer to exchange (the "Exchange Offer") any and all of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units…
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HOUSTON, July 13, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it has continued to pursue liability management transactions, including repurchasing certain of its unsecured debt in the open market to manage its debt maturity…
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HOUSTON, May 28, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("SMLP" or the "Partnership") announced today (the "Closing Date") that it has closed the previously announced acquisition from Energy Capital Partners II LLC ("ECP"), of (i) Summit Midstream Partners, LLC…
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HOUSTON, May 3, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that it has entered into a definitive agreement with Energy Capital Partners II, LLC ("ECP") to acquire Summit Midstream Partners, LLC ("Summit Investments"), the privately held company that…
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HOUSTON, Texas, April 16, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced that on April 10, 2020, it received a formal notice from the New York Stock Exchange ("NYSE") indicating noncompliance with the continued listing standard set forth in Rule 802.01C of the…
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THE WOODLANDS, Texas, Feb. 28, 2020 /PRNewswire/ -- 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,…
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Zacks Investment Research upgraded shares of Summit Midstream Partners (NYSE:SMLP) from a sell rating to a hold rating in a research report sent to investors on Thursday morning, Zacks.com reports. According to Zacks, “Summit Midstream Partners, LP is focused on owning and operating midstream energy infrastructure that are located in unconventional resource basins. It provides […]
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THE WOODLANDS, Texas, Nov. 8, 2019 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today its financial and operating results for the three months ended September 30, 2019, including adjusted EBITDA of $72.0 million, DCF of $41.7 million, and a quarterly distribution…
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