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Summit Midstream Partners LP - SMLP STOCK NEWS

Welcome to our dedicated news page for Summit Midstream Partners LP (Ticker: SMLP), a resource for investors and traders seeking the latest updates and insights on Summit Midstream Partners LP.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Summit Midstream Partners LP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Summit Midstream Partners LP's position in the market.

News
Double E Pipeline Announces Open Season for Available Capacity
Rhea-AI Summary
Double E Pipeline, initiates a non-binding open season to seek interest for firm transportation service on its system. The Open Season starts on April 1, 2024, and ends on April 29, 2024. Bidders can propose transportation paths using existing or new points.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
Tags
none
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News
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
Rhea-AI Summary
Summit Midstream Partners, LP (SMLP) announces a cash tender offer to purchase up to $19,331,000 of their outstanding 8.500% Senior Secured Second Lien Notes due 2026, driven by Excess Cash Flow exceeding $5,000,000 for the ECF Period ending December 31, 2023. The offer expires on April 24, 2024, with the purchase price set at 100% of the principal amount plus accrued interest.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.99%
Tags
none
-
News
Summit Midstream Partners, LP Announces 2023 K-1 Tax Package Availability
Rhea-AI Summary
Summit Midstream Partners, LP (NYSE: SMLP) has announced the availability of its 2023 tax packages, including the Schedule K-1, online and via mail for unitholders. The packages can be accessed at partnerdatalink.com/Summit or through SMLP's website. Unitholders can also contact Partner DataLink for assistance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.52%
Tags
none
News
Summit Midstream Partners, LP Announces Sale of Utica Position for $625 Million
Rhea-AI Summary
Summit Midstream Partners, LP (SMLP) concludes the strategic alternatives process by selling its Utica assets for $625 million to MPLX LP. The Board of Directors approved the transaction after a comprehensive review to maximize value for unitholders. Additionally, Summit plans to seek approval from unitholders to convert to a C-Corp, aiming to enhance trading liquidity and attract more investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
38.96%
Tags
none
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News
Summit Midstream Partners, LP Reports Fourth Quarter and Full-Year 2023 Financial and Operating Results, 2024 Guidance and Strategic Alternatives Update
Rhea-AI Summary
Summit Midstream Partners, LP (SMLP) announced its financial results for Q4 and full-year 2023, provided 2024 financial guidance, and updated its strategic alternatives review. The company reported a net loss of $15.1 million in Q4, adjusted EBITDA of $75.0 million, and full-year Adjusted EBITDA of $267 million. SMLP connected 77 wells in Q4, with an active customer base and new contracts executed. The company provided 2024 adjusted EBITDA guidance of $260-300 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.34%
Tags
earnings
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News
Summit Midstream Partners, LP Schedules Fourth Quarter 2023 Earnings Call
Rhea-AI Summary
Summit Midstream Partners, LP (SMLP) will report Q4 2023 financial results and strategic alternatives review on March 15, 2024. A conference call will discuss the results at 10:00 a.m. Eastern.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.25%
Tags
earnings
News
Summit Midstream Partners, LP Announces Opportunistic Refinancing of its 2025 Unsecured Notes and Amendment to ABL Facility
Rhea-AI Summary
Summit Midstream Partners, LP (NYSE: SMLP) Announces Opportunistic Refinancing and Amendment to ABL Facility
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.86%
Tags
none
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News
Summit Midstream Partners, LP Reports Third Quarter 2023 Financial and Operating Results
Rhea-AI Summary
Summit Midstream Partners, LP (SMLP) reported net income of $3.9 million and adjusted EBITDA of $72.8 million for Q3 2023. They connected 77 wells during the quarter and are on track to connect around 300 wells by the end of 2023. They also announced a 15-year contract extension and the construction of a compression project. The company is conducting a strategic alternatives review to maximize unitholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.2%
Tags
earnings
-
News
Summit Midstream Partners, LP Provides Operational Update, Announces Review of Strategic Alternatives and Schedules Third Quarter 2023 Earnings Call
Rhea-AI Summary
Summit Midstream Partners announces operational update and strategic alternatives review
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
26.96%
Tags
earnings
News
Summit Midstream Partners, LP Reports Second Quarter 2023 Financial and Operating Results
Rhea-AI Summary
Summit Midstream Partners, LP (SMLP) announced its Q2 2023 financial results, with a net loss of $13.5 million, adjusted EBITDA of $58.6 million, and DCF of $24.4 million. They connected 89 wells, expecting 300 for 2023. Revised 2023 Adjusted EBITDA guidance to $260-280 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.62%
Tags
earnings
Stock SMLP logo
Summit Midstream Partners LP

NYSE:SMLP

SMLP Rankings

#3440 Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

SMLP Stock Data

295.89M
8.98M
13.76%
44.75%
0.63%
Pipeline Transportation of Natural Gas
Transportation and Warehousing
Link
United States
Houston

About SMLP

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