Summit Midstream Partners

Summit Midstream Partners, LP (NYSE: SMLP) is a growth-oriented master limited partnership focused on developing, owning and operating midstream energy infrastructure assets that are strategically located in the core producing areas of unconventional resource basins, primarily shale formations, in the continental United States. SMLP currently provides natural gas, crude oil and produced water gathering services pursuant to primarily long-term and fee-based gathering and processing agreements with our customers and counterparties in five unconventional resource basins:
• The Appalachian Basin, which includes the Marcellus and Utica shale formations in West Virginia and Ohio
• The Williston Basin, which includes the Bakken and Three Forks shale formations in North Dakota
• The Fort Worth Basin, which includes the Barnett Shale formation in Texas
• The Piceance Basin, which includes the Mesaverde formation as well as the Mancos and Niobrara shale formations in Colorado and Utah
• The Denver-Julesburg Basin, which includes the Niobrara and Codell shale formations in Colorado SMLP also owns a 40% interest in a joint venture that is developing natural gas gathering and condensate stabilization infrastructure in the Utica Shale in Ohio. SMLP owns and operates over 3,100 miles of pipeline and is headquartered in The Woodlands, Texas with regional corporate offices in Denver, Colorado and Atlanta, Georgia.

The Woodlands, US
Summit Midstream Partners was founded in 2009 and is headquartered in The Woodlands, US

Summit Midstream Partners Office Locations

Summit Midstream Partners has offices in The Woodlands and Denver
The Woodlands, US (HQ)
500 1790 Hughes Landing Blvd

Summit Midstream Partners Data and Metrics

Summit Midstream Partners Financial Metrics

Summit Midstream Partners's revenue was reported to be $402.4 m in FY, 2016 which is a 8% increase from the previous period.

Revenue (FY, 2016)

402.4 m

Revenue growth (FY, 2015 - FY, 2016), %


Net income (FY, 2016)

(38.2 m)

Market capitalization (20-Jul-2017)

1.8 b

Closing share price (20-Jul-2017)


Cash (31-Dec-2016)

7.4 m


3 b
Summit Midstream Partners's current market capitalization is $1.8 b.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016


31.7 m103.6 m175.4 m242.8 m330.7 m371.3 m402.4 m

Revenue growth, %


General and administrative expense

52.4 m

Operating expense total

179.2 m312.2 m510.2 m290.6 m

Depreciation and amortization

3.9 m11.4 m36.7 m70.6 m87.3 m96.2 m


44.4 m(20.5 m)(187.5 m)

EBIT margin, %


Interest expense

1 m7.3 m19.2 m40.2 m48.6 m63.8 m

Pre tax profit

44.4 m(20.5 m)(187.5 m)

Income tax expense

124 k695 k682 k729 k631 k(676 k)(75 k)

Net Income

43.6 m(21.2 m)(186.8 m)(38.2 m)
USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016


39.5 m9.4 m15.5 m11.3 m20.4 m26.5 m19.4 m7.4 m

Accounts Receivable

54.3 m83.6 m84 m97.4 m

Current Assets

76.1 m113.3 m106.6 m109.1 m


980.3 m1.2 b1.5 b1.9 b


115.9 m61.7 m16.2 m16.2 m

Total Assets

1.6 b1.9 b2 b3.1 b

Accounts Payable

18.1 m12.9 m19 m16.3 m

Total Debt

1.2 b

Current Liabilities

48.3 m57.5 m59.6 m71.7 m

Total Liabilities

1.9 b

Debt to Assets Ratio

0.4 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

43.6 m(21.2 m)(186.8 m)(38.2 m)

Depreciation and Amortization

60.8 m83 m96.2 m112.2 m

Accounts Receivable

(15 m)(16 m)5.2 m(7.8 m)

Accounts Payable

(2 m)(970 k)(2.8 m)2 m

Cash From Operating Activities

126 m147.9 m166 m230.5 m

Capital Expenditures

(81.9 m)(128.3 m)(118.1 m)(142.7 m)

Cash From Investing Activities

(491.3 m)(443.9 m)(406.4 m)(534.1 m)

Cash From Financing Activities

376.2 m302 m233.4 m289.3 m

Interest Paid

4.8 m28.4 m45.8 m59.3 m

Income Taxes Paid

660 k

Free Cash Flow

207.9 m276.3 m284.1 m87.8 m
Y, 2016


12.9 x


34 x


0.4 x

Summit Midstream Partners Market Value History

Summit Midstream Partners Company Life and Culture

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