Summit Midstream Partners: The Market Has Yet To Understand Its Recent Success [Seeking Alpha]
Summit Midstream Partners, LP Common Units Representing Limited Partner Interests (SMLP)
Last summit midstream partners, lp common units representing limited partner interests earnings: 2/28 06:55 am
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=251398&p=irol-irhome
Company Research
Source: Seeking Alpha
The company's portfolio has become more focused on crude oil and the Double E pipeline, with adjusted EBITDA expected to be $200 million in 2024. The company has $325 million in cash and may use it for distributions or bolt-on acquisitions, while also focusing on paying down debt. The Retirement Forum members get exclusive access to our real-world portfolio. See all our investments here » Summit Midstream Partners ( NYSE: SMLP ) is a company we discussed recently as a valuable investment , with a strong portfolio of assets. However, we also highlighted the company's debt load as a risk. Since then, the story has changed. The company announced the sale of its Utica shale midstream assets for $625 million to longtime partner MPLX. The Transaction We stated in our last article that the company remained beholden to the debt markets, and that hasn't changed. The company needed to make a move, and it's made a brilliant one. The transaction consists of wholly owned Utica assets
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SMLP
News
- Summit Midstream Partners, LP (NYSE: SMLP) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Summit Advances Planned Conversion to C-Corporation to Facilitate Growth and Value Creation [Yahoo! Finance]Yahoo! Finance
- Summit Advances Planned Conversion to C-Corporation to Facilitate Growth and Value CreationPR Newswire
- Summit Midstream Partners, LP (NYSE: SMLP) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Summit Midstream Partners, LP Announces Expiration and Results for Asset Sale Offer to Purchase up to $215,000,000 Aggregate Principal Amount of Outstanding 8.500% Senior Secured Second Lien Notes Due 2026PR Newswire
SMLP
Sec Filings
- 6/24/24 - Form 8-K
- 6/21/24 - Form S-8
- 6/17/24 - Form 425
- SMLP's page on the SEC website