Summit Midstream Partners, LP (NYSE: SMLP) 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. Based on the Partnership's recent and expected financial performance, as well as interest recently received from third parties for potential transactions?, ranging from the sale of specific assets to consideration for the whole Partnership,? SMLP is announcing that its Board of Directors has engaged external advisors to evaluate strategic alternatives for the Partnership with the goal of maximizing value for the Partnership's unitholders.

These alternatives may include, but are not limited to, continued execution of the Partnership's business plan, sale of assets, refinancing parts or the entirety of its capital structure, sale of the Partnership by merger or cash, or any combination of these and other alternatives. While the Board conducts its review, the Partnership remains focused on its operational performance and execution of its business strategy to increase unitholder value. There is no deadline or definitive timetable set for completion of the strategic alternatives review and no guarantee that the process will result in the Partnership pursuing a transaction or other strategic outcome or, if a transaction is undertaken, the terms or timing of such a transaction.

SMLP does not intend to make further public comment regarding the review until it has been completed or SMLP determines that a disclosure is required by law or otherwise deemed appropriate.