SMLP - Earnings announcements

Summit Schedules Second Quarter 2024 Earnings Call and Announces 2023 K-3 Tax Form Availability HOUSTON, July 18, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE:SMLP) ("Summit," "SMLP" or the "Partnership") announced today that, at its Special Meeting of Unitholders ("Special Meeting") held today, unitholders voted to approve the conversion from a master limited partnership ("MLP") to a C-corporation (the "Corporate Reorganization"). Heath Deneke, President, Chief Executive Officer, and Chairman of the Board, commented, "I would like to thank all of our unitholders f

  HOUSTON, May 2, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE:SMLP) ("Summit", "SMLP" or the "Partnership") announced today its financial and operating results for the three months ended March 31, 2024. Highlights Reduced net leverage ratio to approximately 3.9x, a dramatic reduction from 5.4x in the fourth quarter of 2023, furthering progress toward achieving 3.5x net leverage targetFirst quarter 2024 net income of $132.9 million, adjusted EBITDA of $70.1 million, cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $32.5 million and free

HOUSTON, April 25, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE:SMLP) ("Summit," "SMLP" or the "Partnership") today announced it will report operating and financial results for the first quarter of 2024 on Friday, May 3, 2024, before the open of trading on the New York Stock Exchange. Summit also announced the expiration and results of the previously announced cash tender offer (the "Excess Cash Flow Offer") of Summit Midstream Holdings, LLC ("Holdings") and Summit Midstream Finance Corp. (together with Holdings, the "Issuers"), which are subsidiaries of the Partne

Concludes Strategic Alternatives Process; Plans to Seek Approval from Unitholders to Convert to a C-Corp   HOUSTON, March 22, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE:SMLP) ("Summit", "SMLP" or the "Partnership") announced today the sale of Summit Midstream Utica, LLC, which includes its approximately 36% interest in Ohio Gathering Company, LLC ("OGC"), approximately 38% interest in Ohio Condensate Company, LLC ("OCC", collectively with OGC, "Ohio Gathering") and wholly owned Utica assets (collectively, "Utica Position") to a subsidiary of MPLX LP ("MPLX") for $625 million in cash (the "Utica Divestiture"). 

HOUSTON, March 15, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE:SMLP) ("Summit", "SMLP" or the "Partnership") announced today its financial and operating results for fourth quarter and full-year 2023, provided full-year 2024 financial guidance and updated its strategic alternatives review. Highlights Previously announced strategic alternatives review entering advance stagesFourth quarter 2023 net loss of $15.1 million, adjusted EBITDA of $75.0 million, cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $37.8 million and free cash flow ("F

HOUSTON, Feb. 23, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today that it will report operating and financial results for the fourth quarter of 2023 and provide an update to its strategic alternatives review on Friday, March 15, 2024, before the open of trading on the New York Stock Exchange. Fourth Quarter 2023 Earnings Call SMLP will host a conference call at 10:00 a.m. Eastern on March 15, 2024, to discuss its quarterly operating and financial results. The call can be accessed via teleconference at: Q

HOUSTON, Oct. 3, 2023 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today an operational update for the third quarter of 2023. In connection with this operational update, SMLP also announced that its Board of Directors has initiated a formal review process to evaluate strategic alternatives for the Partnership with a view of maximizing unitholder value. Highlights Significant quarterly volume growth across nearly every segment, including ~20% volume growth in our Northeast segment and ~20% liquids volume growth in

HOUSTON, Aug. 9, 2023 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today its financial and operating results for the three months ended June 30, 2023. Highlights Second quarter 2023 net loss of $13.5 million, adjusted EBITDA of $58.6 million, cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $24.4 million and free cash flow ("FCF") of $9.1 millionConnected 89 wells during the quarter, bringing total wells connected during the first half of 2023 to 150 versus original planned level of ap

HOUSTON, July 27, 2023 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE:SMLP) ("Summit", "SMLP" or the "Partnership") announced today that it will report operating and financial results for the second quarter of 2023 on Wednesday, August 9, 2023, after the close of trading on the New York Stock Exchange. SMLP will host a conference call at 10:00 a.m. Eastern on August 10, 2023, to discuss its quarterly operating and financial results. The call can be accessed via teleconference at: Q2 2023 Summit Midstream Partners LP Earnings Conference Call (https://register.vevent.com/re

HOUSTON, May 5, 2023 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE:SMLP) ("Summit", "SMLP" or the "Partnership") announced today its financial and operating results for the three months ended March 31, 2023. Highlights First quarter 2023 net loss of $14.2 million, adjusted EBITDA of $60.4 million, cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $24.9 million and free cash flow ("FCF") of $7.6 millionGenerated 20% quarter-over-quarter adjusted EBITDA growthConnected 61 wells during the quarter, four times higher than the first quarter of 2022

HOUSTON, April 24, 2023 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE:SMLP) ("Summit", "SMLP" or the "Partnership") announced today  that it will report operating and financial results for the first quarter of 2023 on Friday, May 5, 2023, before the open of trading on the New York Stock Exchange. SMLP will host a conference call at 10:00 a.m. Eastern on May 5, 2023, to discuss its quarterly operating and financial results. The call can be accessed via teleconference at: Q1 2023 Summit Midstream Partners LP Earnings Conference Call (https://register.vevent.com/register/BI

HOUSTON, Feb. 24, 2023 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE:SMLP) ("Summit", "SMLP" or the "Partnership") announced today its financial and operating results for fourth quarter and full-year 2022 and provided full-year 2023 financial guidance. Highlights Generated fourth quarter 2022 net loss of $23.9 million, adjusted EBITDA of $50.3 million, cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $20.2 million and free cash flow ("FCF") of $11.8 millionFourth quarter 2022 results include $4 million of severe weather outages and unusual ex

HOUSTON, Feb. 15, 2023 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE:SMLP) ("Summit", "SMLP" or the "Partnership") announced today that it will report operating and financial results for the fourth quarter of 2022 on Friday, February 24, 2023, before the open of trading on the New York Stock Exchange. SMLP will host a conference call at 10:00 a.m. Eastern on February 24, 2023, to discuss its quarterly operating and financial results. The call can be accessed via teleconference at: Q4 2022 Summit Midstream Partners LP Earnings Conference Call (https://register.vevent.com/

HOUSTON, Nov. 3, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE:SMLP) ("Summit", "SMLP" or the "Partnership") announced today its financial and operating results for the three months ended September 30, 2022, and also reiterated its expectation of achieving the high-end of its previously announced 2022 Adjusted EBITDA guidance range of $205 to $220 million. Third Quarter 2022 Highlights & Management Commentary Net loss of $7.8 million, primarily driven by non-cash impairments associated with the Bison saleIncreased adjusted EBITDA by 8.5% to $54.7 million from $50.5

Summit to acquire Outrigger DJ Midstream LLC, and the operating subsidiaries of Sterling Energy Investments LLC, owners of natural gas gathering and processing systems, a crude oil gathering system, freshwater rights and a freshwater delivery system located near Summit's Hereford assets in Weld County, Colorado for an aggregate $305 million in cashRepresents another meaningful strategic step in Summit's overall corporate strategy to streamline its portfolio and build scale in key basins that are well positioned for growth (re-investment of approximately $115 million from the recent divestitures)Triples Summit's DJ Basin gas processing capacity and adds an estimated 505,000 leased acres under

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 millionAdjusted EBITDA was impacted by approximately $3.6 million of estimated weather-related interruptions in the Rockies segment, maintenance activities and wells temporarily shut-in behind the Northeast segment and deal costs incurred during the quarterSold the Lane Gathering and Processing System in the Delaware Basin and assigned the associated take-or-pay firm capacity on Double E to a Subsidiary of Matador Resources Company for $75 million in cashReduced total debt by $82 million, increasing available liquidity to appr

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 York Stock Exchange. SMLP will host a conference call at 10:00 a.m. Eastern on Friday, August 5, 2022, to discuss its quarterly operating and financial results.  Interested parties may participate in the call by dialing 404-400-0571 or toll-free 866-374-5140 and entering the PIN 91939799#.  The

First quarter 2022 net loss of $5 thousand, adjusted EBITDA of $56.8 million and cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $31.8 millionGenerated significant free cash flow in Q1 2022, reducing total debt by $34 million21% increase in crude oil volumes relative to Q4 2021, due to strong performance from 25 wells brought online over the past two quartersIn January 2022, completed Series A Preferred exchange offer, resulting in an aggregate reduction in Series A Preferred face value of 78% since July of 2020Revised 2022 Adjusted EBITDA guidance range of $205 million to $220 million, an increase of $5 million relative to the midpoint of SMLP's initial guidanc

HOUSTON, April 19, 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 first quarter of 2022 on Tuesday, May 3, 2022, after the close of trading on the New York Stock Exchange. SMLP will host a conference call at 10:00 a.m. Eastern on Wednesday, May 4, 2022, to discuss its quarterly operating and financial results.  Interested parties may participate in the call by dialing 404-400-0571 or toll-free 866-374-5140 and entering the PIN 73884207#.  The conf

HOUSTON, Feb. 25, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE:SMLP) ("Summit", "SMLP" or the "Partnership") announced today its financial and operating results for the three months ended December 31, 2021, including net loss of $16.2 million, adjusted EBITDA of $54.7 million and DCF of $29.9 million.  Operated natural gas throughput from wholly owned assets averaged 1,307 million cubic feet per day ("MMcf/d") and liquids throughput averaged 62 thousand barrels per day ("Mbbl/d").  Operated natural gas volumes from wholly owned assets decreased 2.0% relative to the third quarter of 2021, largely due to natural production declines, which was partially offset by volumes from 25 new

HOUSTON, Feb. 16, 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 fourth quarter of 2021 on Friday, February 25, 2022, before the start of trading on the New York Stock Exchange, and that it has new business segments for the reporting of its financial results, beginning with its 2021 fourth quarter and annual results. Fourth Quarter 2021 Earnings Call SMLP will host a conference call at 10:00 a.m. Eastern on Friday, February 25, 2022, to discuss it

HOUSTON, Nov. 4, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE:SMLP) ("Summit", "SMLP" or the "Partnership") announced today its financial and operating results for the three months ended September 30, 2021, including net income of $7.0 million, adjusted EBITDA of $61.1 million and DCF of $45.7 million.  Operated natural gas throughput averaged 1,333 million cubic feet per day ("MMcf/d") and liquids throughput averaged 63 thousand barrels per day ("Mbbl/d").  Operated natural gas volumes decreased 7.5% relative to the second quarter of 2021, largely due to natural production declines, which was partially offset by volumes from 20 new wells that were turned-in-line during the quart

HOUSTON, Oct. 25, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE:SMLP) (the "Partnership") announced today that it will report operating and financial results for the third quarter of 2021 on Thursday, November 4, 2021, before the start of trading on the New York Stock Exchange. SMLP will host a conference call at 10:00 a.m. Eastern on Thursday, November 4, 2021, to discuss its quarterly operating and financial results.  Interested parties may participate in the call by dialing 847-585-4405 or toll-free 888-771-4371 and entering the passcode 50239464.  The conference

HOUSTON, Aug. 6, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE:SMLP) ("Summit", "SMLP" or the "Partnership") announced today its financial and operating results for the three months ended June 30, 2021, including a net loss of $19.7 million, adjusted EBITDA of $62.1 million and DCF of $46.5 million.  Net loss for the quarter included $31.5 million of non-cash charges including (i) a $19.3 million loss contingency accrual related to a previously disclosed incident dating back to a 2015 release of produced water from a pipeline owned by Meadowlark Midstream and (ii) an $12.2 million accrual related to Energy Capital Partners' full exercise of equity warrants in exchange for 414,477

HOUSTON, Aug. 2, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE:SMLP) (the "Partnership") announced today that it will report operating and financial results for the second quarter of 2021 on Friday, August 6, 2021, before the start of trading on the New York Stock Exchange. SMLP will host a conference call at 10:00 a.m. Eastern on Friday, August 6, 2021, to discuss its quarterly operating and financial results. Interested parties may participate in the call by dialing 847-585-4405 or toll-free 888-771-4371 and entering the passcode 50196089. The conference call, liv