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 denv
Company profile
Ticker
SMLP
Exchange
Website
CEO
J. Heath Deneke
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Summit Midstream Holdings, LLC • Grand River Gathering, LLC • DFW Midstream Services LLC • Bison Midstream, LLC • Summit Midstream Finance Corp. • Red Rock Gathering Company, LLC • Polar Midstream, LLC • Epping Transmission Company, LLC • Summit Midstream Utica, LLC • Meadowlark Midstream Company, LLC ...
IRS number
455200503
SMLP stock data
Latest filings (excl ownership)
DEF 14A
Definitive proxy
9 Apr 24
425
Business combination disclosure
28 Mar 24
8-K/A
Summit Midstream Partners, LP
28 Mar 24
8-K
Summit Midstream Partners, LP
27 Mar 24
425
Business combination disclosure
22 Mar 24
8-K
Summit Midstream Partners, LP
22 Mar 24
10-K
2023 FY
Annual report
15 Mar 24
8-K
Summit Midstream Partners, LP
15 Mar 24
8-K
Entry into a Material Definitive Agreement
22 Nov 23
10-Q
2023 Q3
Quarterly report
6 Nov 23
Transcripts
SMLP
Earnings call transcript
2023 Q4
15 Mar 24
SMLP
Earnings call transcript
2023 Q3
3 Nov 23
SMLP
Earnings call transcript
2023 Q2
10 Aug 23
SMLP
Earnings call transcript
2023 Q1
5 May 23
SMLP
Earnings call transcript
2022 Q4
24 Feb 23
SMLP
Earnings call transcript
2022 Q3
4 Nov 22
SMLP
Earnings call transcript
2022 Q2
5 Aug 22
SMLP
Earnings call transcript
2022 Q1
4 May 22
SMLP
Earnings call transcript
2021 Q4
25 Feb 22
SMLP
Earnings call transcript
2021 Q3
5 Nov 21
Latest ownership filings
4
JERRY L PETERS
18 Apr 24
SC 13G
He Zhengxu
26 Mar 24
4
James David Johnston
22 Mar 24
4
James David Johnston
19 Mar 24
4
J Heath Deneke
19 Mar 24
4
William J. Mault
19 Mar 24
4
Matthew B. Sicinski
19 Mar 24
144
Notice of proposed sale of securities
15 Mar 24
4
James David Johnston
6 Mar 24
4
James David Johnston
1 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 18.90 mm | 18.90 mm | 18.90 mm | 18.90 mm | 18.90 mm | 18.90 mm |
Cash burn (monthly) | (no burn) | (no burn) | (no burn) | 3.99 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | n/a | 27.33 mm | n/a | n/a |
Cash remaining | n/a | n/a | n/a | -8.43 mm | n/a | n/a |
Runway (months of cash) | n/a | n/a | n/a | -2.1 | n/a | n/a |
Institutional ownership, Q2 2023
13.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 10 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 2 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 7.66 bn |
Total shares | 1.41 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Robinson Curley P.C. | 309.26 k | $0.00 |
Cifc | 295.08 k | $3.90 mm |
GS Goldman Sachs | 266.82 k | $4.34 bn |
Energy Capital Partners Ii | 263.14 k | $4.22 mm |
JPM JPMorgan Chase & Co. | 203.34 k | $3.30 bn |
BCS Barclays | 42.97 k | $698.00 k |
Public Employees Retirement System Of Ohio | 30.40 k | $494.00 k |
GPS Wealth Strategies | 650.00 | $10.56 mm |
Simplex Trading | 468.00 | $7.00 k |
CFR Cullen Frost Bankers | 5.00 | $81.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
16 Apr 24 | Peters Jerry L | Common Units (Limited Partner Interests) | Gift | Dispose G | No | No | 0 | 6,581 | 0.00 | 0 |
22 Mar 24 | James David Johnston | Common Units | Sell | Dispose S | No | Yes | 25.21 | 3,400 | 85.71 k | 48,201 |
15 Mar 24 | James David Johnston | Common Units | Payment of exercise | Dispose F | No | No | 18.45 | 2,540 | 46.86 k | 51,601 |
15 Mar 24 | James David Johnston | Common Units | Option exercise | Acquire M | No | No | 0 | 9,794 | 0.00 | 54,141 |
15 Mar 24 | James David Johnston | Common Units | Payment of exercise | Dispose F | No | No | 18.45 | 793 | 14.63 k | 44,347 |
15 Mar 24 | James David Johnston | Common Units | Option exercise | Acquire M | No | No | 0 | 3,253 | 0.00 | 45,140 |
15 Mar 24 | James David Johnston | Common Units | Payment of exercise | Dispose F | No | No | 18.45 | 2,936 | 54.17 k | 41,887 |
15 Mar 24 | James David Johnston | Common Units | Option exercise | Acquire M | No | No | 0 | 12,054 | 0.00 | 44,823 |
15 Mar 24 | James David Johnston | Common Units | Payment of exercise | Dispose F | No | No | 18.45 | 1,351 | 24.93 k | 32,769 |
15 Mar 24 | James David Johnston | Common Units | Option exercise | Acquire M | No | No | 0 | 5,545 | 0.00 | 34,120 |
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22 Mar 24
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Press releases
Double E Pipeline Announces Open Season for Available Capacity
1 Apr 24
Summit Midstream Partners, LP Announces Excess Cash Flow Offer to Purchase up to $19,331,000 Aggregate Principal Amount of Outstanding 8.500% Senior Secured Second Lien Notes Due 2026
27 Mar 24
Summit Midstream Partners, LP Announces 2023 K-1 Tax Package Availability
25 Mar 24
Summit Midstream Partners, LP Announces Sale of Utica Position for $625 Million
22 Mar 24
Summit Midstream Partners, LP Reports Fourth Quarter and Full-Year 2023 Financial and Operating Results, 2024 Guidance and Strategic Alternatives Update
15 Mar 24