Stock SMLP SUMMIT MIDSTREAM PARTNERS, LP
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Financials Summit Midstream Partners, LP

Equities

SMLP

US8661424098

Oil & Gas Transportation Services

Market Closed - Nyse
Other stock markets
 04:00:02 2024-04-26 pm EDT 		5-day change 1st Jan Change
28.99 USD +3.46% Intraday chart for Summit Midstream Partners, LP +4.43% +61.86%
Apr. 02 Summit Midstream launches open season on natural gas pipeline RE
Mar. 27 Summit Midstream Partners' Subsidiaries Launch Cash Tender Offer For 2026 Notes MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 309.4 47.49 159.2 169.7 185.8 302.1 -
Enterprise Value (EV) 1 1,775 1,379 1,507 1,648 185.8 302.1 302.1
P/E ratio -0.68 x 0.22 x -3.38 x -1.31 x - - -
Yield 43.4% - - - - - -
Capitalization / Revenue 0.7 x 0.12 x 0.4 x 0.46 x - 0.63 x -
EV / Revenue 0.7 x 0.12 x 0.4 x 0.46 x - 0.63 x -
EV / EBITDA 1.08 x 0.19 x 0.67 x 0.8 x 0.7 x 1.08 x 1.01 x
EV / FCF - 0.31 x 1.06 x - 3.15 x 2.81 x 2.14 x
FCF Yield - 327% 94.7% - 31.8% 35.6% 46.7%
Price to Book 0.41 x - - - - - -
Nbr of stocks (in thousands) 6,231 3,802 7,170 10,177 10,376 10,422 -
Reference price 2 49.65 12.49 22.20 16.68 17.91 28.99 28.99
Announcement Date 2/28/20 3/4/21 2/25/22 2/24/23 3/15/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 443.5 383.5 400.6 369.6 - 480 -
EBITDA 1 287.1 252.1 238.4 212.3 266.8 280 300
EBIT 41.19 53.44 55.77 -53.49 - - -
Operating Margin 9.29% 13.94% 13.92% -14.47% - - -
Earnings before Tax (EBT) -30.81 188.9 - - - - -
Net income -369.8 189.1 -44.29 -127.7 - - -
Net margin -83.38% 49.31% -11.05% -34.55% - - -
EPS -72.60 55.84 -6.570 -12.71 - - -
Free Cash Flow 1 - 155.5 150.8 - 59.04 107.5 141
FCF margin - 40.54% 37.64% - - 22.4% -
FCF Conversion (EBITDA) - 61.66% 63.24% - 22.13% 38.39% 47%
FCF Conversion (Net income) - 82.22% - - - - -
Dividend per Share 21.57 - - - - - -
Announcement Date 2/28/20 3/4/21 2/25/22 2/24/23 3/15/24 - -
1USD in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2
Net sales 1 102 99.21 - 99.06 88.68 85.72 112.5 97.89
EBITDA 1 61.14 54.71 56.75 50.47 54.74 50.33 60.44 58.6
EBIT 1 19.63 6.398 - -74.92 5.9 2.385 16.1 10.23
Operating Margin 19.23% 6.45% - -75.63% 6.65% 2.78% 14.31% 10.45%
Earnings before Tax (EBT) - - - - - - - -
Net income 1 -1.165 -24.54 - -91.8 -13.03 -30.83 -14.16 -13.54
Net margin -1.14% -24.74% - -92.67% -14.69% -35.97% -12.59% -13.83%
EPS 2 -0.1700 -3.420 1.320 -9.530 -1.280 -3.030 -1.820 -1.910
Dividend per Share - - - - - - - -
Announcement Date 11/4/21 2/25/22 5/3/22 8/4/22 11/3/22 2/24/23 5/5/23 8/9/23
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1,465 1,332 1,348 1,479 - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) 5.103 x 5.282 x 5.653 x 6.965 x - - -
Free Cash Flow 1 - 155 151 - 59 108 141
ROE (net income / shareholders' equity) - - - - - - -
ROA (Net income/ Total Assets) - - - - - - -
Assets - - - - - - -
Book Value Per Share 122.0 - - - - - -
Cash Flow per Share - - - - - - -
Capex 1 182 43.1 25 - 68.9 35 35
Capex / Sales 41.1% 11.25% 6.25% - - 7.29% -
Announcement Date 2/28/20 3/4/21 2/25/22 2/24/23 3/15/24 - -
1USD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Quarterly earnings - Rate of surprise

Company calendar

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