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SMLP Stock Overview
Focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 1/6 |
| Dividends | 0/6 |
My Notes
Capture your thoughts, links and company narrative
Summit Midstream Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$38.05 |
| 52 Week High | US$38.05 |
| 52 Week Low | US$13.00 |
| Beta | 2.45 |
| 1 Month Change | 9.53% |
| 3 Month Change | 11.85% |
| 1 Year Change | 152.82% |
| 3 Year Change | 1.39% |
| 5 Year Change | -54.86% |
| Change since IPO | -87.98% |
Recent News & Updates
Summit Midstream Partners: There Is A Lot Of Value Left To Capture
Jul 25Summit Midstream Partners Shows Its Continued Dedication To Shareholders
Jul 16Recent updates
Summit Midstream Partners: There Is A Lot Of Value Left To Capture
Jul 25Summit Midstream Partners Shows Its Continued Dedication To Shareholders
Jul 16Summit Midstream Partners: The Market Has Yet To Understand Its Recent Success
Apr 09Summit Midstream Partners: Potential For Strong Performance, If It Can Survive
Mar 18Summit Midstream Partners Needs To Account For Rising Rates
Nov 14Summit Midstream Partners' Recent Earnings Are Just The Start
Oct 09Summit Midstream Partners Is Risky
Sep 29Summit Midstream Partners: Can It Survive Low Utilization?
Jun 06Summit Midstream Partners GAAP EPS of -$3.03, revenue of $85.72M, introduces FY23 outlook
Feb 24Summit Midstream Partners Is Playing With Fire
Jan 11Summit Midstream Partners: Lofty Goals For 2023
Dec 27Summit Midstream Partners: Trying To Spend Their Way Out Of Overleverage
Oct 18Summit Midstream: Arguably A $25+ Stock, Yet Trading In The Low $16s
Aug 11Summit Midstream Partners: Common Unitholders Getting Squeezed Out
Jul 06Summit Midstream Partners: Keep Trusting Management
May 06Whoops! The Market Forgot About Summit Midstream Partners
Mar 31Legacy Ridge Capital - Summit Midstream Partners: Lots Of Potential Upside
Mar 18Summit Midstream: A Granular Look At Its (Super) Conservative FY 2022 Guidance
Mar 08Summit Midstream Partners Deserves More From The Market
Dec 21Summit Midstream Partners' Debt Offering Points Towards Survival
Nov 05Summit Midstream: With The Refinancing Completed, This Is A Good Way To Play Natural Gas
Oct 21Summit Midstream Partners Is Well On The Road To Recovery
Sep 03Summit Midstream Partners: A Wager On The Credit Markets' Appetite For Risk
Jul 05Summit Midstream Partners raises full-year adjusted EBITDA forecast
Jun 21Summit Midstream Partners EPS beats by $0.09, beats on revenue
May 07Shareholder Returns
| SMLP | US Oil and Gas | US Market | |
|---|---|---|---|
| 7D | 3.0% | -6.6% | -3.5% |
| 1Y | 152.8% | 1.7% | 22.1% |
Return vs Industry: SMLP exceeded the US Oil and Gas industry which returned 6.3% over the past year.
Return vs Market: SMLP exceeded the US Market which returned 18.6% over the past year.
Price Volatility
| SMLP volatility | |
|---|---|
| SMLP Average Weekly Movement | 7.6% |
| Oil and Gas Industry Average Movement | 5.3% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 17.0% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: SMLP's share price has been volatile over the past 3 months.
Volatility Over Time: SMLP's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2012 | 244 | J. Deneke | www.summitmidstream.com |
Summit Midstream Partners, LP focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. The company provides natural gas gathering, compression, treating, and processing services, as well as crude oil and produced water gathering and freshwater delivery services. Its assets include Summit Utica system comprising the Utica and Point Pleasant shale formations in southeastern Ohio; Mountaineer Midstream system that includes the Marcellus shale in the Appalachian Basin in West Virginia; Polar and Divide system includes the Bakken and Three Forks shale formations in northwestern North Dakota; Niobrara G&P system, which comprises the Niobrara and Codell shale formations located near Hereford, Colorado.
Summit Midstream Corporation Fundamentals Summary
| SMLP fundamental statistics | |
|---|---|
| Market cap | US$405.18m |
| Earnings (TTM) | US$81.39m |
| Revenue (TTM) | US$466.21m |
5.0x
P/E Ratio0.9x
P/S RatioIs SMLP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SMLP income statement (TTM) | |
|---|---|
| Revenue | US$466.21m |
| Cost of Revenue | US$213.54m |
| Gross Profit | US$252.67m |
| Other Expenses | US$171.28m |
| Earnings | US$81.39m |
Last Reported Earnings
Mar 31, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 7.64 |
| Gross Margin | 54.20% |
| Net Profit Margin | 17.46% |
| Debt/Equity Ratio | 118.6% |
How did SMLP perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/08/02 19:14 |
| End of Day Share Price | 2024/07/31 00:00 |
| Earnings | 2024/03/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Summit Midstream Corporation is covered by 15 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ethan Bellamy | Baird |
| Heejung Ryoo | Barclays |
| Gabriel Moreen | BofA Global Research |