Summit Midstream Partners Management
Management criteria checks 3/4
Summit Midstream Partners' CEO is J. Deneke, appointed in Sep 2019, has a tenure of 4.67 years. total yearly compensation is $5.08M, comprised of 12.8% salary and 87.2% bonuses, including company stock and options. directly owns 2.76% of the company’s shares, worth $9.80M. The average tenure of the management team and the board of directors is 4.3 years and 4 years respectively.
Key information
J. Deneke
Chief executive officer
US$5.1m
Total compensation
| CEO salary percentage | 12.8% |
| CEO tenure | 4.7yrs |
| CEO ownership | 2.8% |
| Management average tenure | 4.3yrs |
| Board average tenure | 4yrs |
Recent management updates
Recent updates
Summit 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 07Summit Midstream soars after winning FERC construction OK
Jan 13Summit Midstream Partners LP (SMLP) Presents At Wells Fargo Midstream and Utility Conference - Slideshow
Dec 10Summit Midstream Partners: Despite The Bankruptcy Risk, Management's Moves Make This Worth A Cautious Investment
Dec 06CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$84m |
| Dec 31 2023 | US$5m | US$650k | -US$63m |
| Sep 30 2023 | n/a | n/a | -US$72m |
| Jun 30 2023 | n/a | n/a | -US$82m |
| Mar 31 2023 | n/a | n/a | -US$159m |
| Dec 31 2022 | US$4m | US$624k | -US$128m |
| Sep 30 2022 | n/a | n/a | -US$121m |
| Jun 30 2022 | n/a | n/a | -US$110m |
| Mar 31 2022 | n/a | n/a | -US$32m |
| Dec 31 2021 | US$4m | US$600k | -US$44m |
| Sep 30 2021 | n/a | n/a | US$129m |
| Jun 30 2021 | n/a | n/a | US$197m |
| Mar 31 2021 | n/a | n/a | US$266m |
| Dec 31 2020 | US$2m | US$600k | US$263m |
| Sep 30 2020 | n/a | n/a | -US$67m |
| Jun 30 2020 | n/a | n/a | -US$141m |
| Mar 31 2020 | n/a | n/a | -US$194m |
| Dec 31 2019 | US$5m | US$162k | -US$213m |
Compensation vs Market: J.'s total compensation ($USD5.08M) is above average for companies of similar size in the US market ($USD2.40M).
Compensation vs Earnings: J.'s compensation has been consistent with company performance over the past year.
CEO
J. Deneke (49 yo)
4.7yrs
Tenure
US$5,080,645
Compensation
Mr. J. Heath Deneke serves as President, Chief Executive Officer and Director of Summit Midstream GP, LLC, a General Partner of Summit Midstream Partners, LP since September 16, 2019 and serves as its Chai...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.7yrs | US$5.08m | 2.76% $ 9.8m | |
| Executive VP & CFO of Summit Midstream GP | 2.3yrs | US$1.66m | 0.39% $ 1.4m | |
| Executive VP | 3.7yrs | US$1.85m | 0.46% $ 1.6m | |
| Senior Vice President of Engineering & Operations of Summit Midstream GP LLC | no data | no data | no data | |
| Senior VP & Chief Accounting Officer of Summit Midstream GP LLC | 4.3yrs | no data | 0.20% $ 702.8k | |
| Director of Finance | no data | no data | no data | |
| VP & Controller of Summit Midstream GP LLC | 7.7yrs | no data | no data |
4.3yrs
Average Tenure
47.5yo
Average Age
Experienced Management: SMLP's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.7yrs | US$5.08m | 2.76% $ 9.8m | |
| Independent Director of Summit Midstream GP | 11.7yrs | US$213.60k | 0.39% $ 1.4m | |
| Independent Lead Director - Summit Midstream GP | 3.9yrs | US$220.60k | 0.29% $ 1.0m | |
| Independent Director of Summit Midstream GP | 4yrs | US$196.60k | 0.29% $ 1.0m | |
| Independent Director of Summit Midstream GP | 4yrs | US$208.60k | 0.29% $ 1.0m | |
| Independent Director of Summit Midstream GP | 5.1yrs | US$211.60k | 0.37% $ 1.3m | |
| Independent Director of Summit Midstream GP | 2.3yrs | US$193.60k | 0.19% $ 659.1k |
4.0yrs
Average Tenure
55yo
Average Age
Experienced Board: SMLP's board of directors are considered experienced (4 years average tenure).