Summit Midstream Partners, LP Announces Sale of Utica Position for $625 Million [Yahoo! Finance]
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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Source: Yahoo! Finance
HOUSTON March 22, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today the sale of Summit Midstream Utica, LLC, which includes its approximately 36% interest in Ohio Gathering Company, LLC ("OGC"), approximately 38% interest in Ohio Condensate Company, LLC ("OCC", collectively with OGC, "Ohio Gathering") and wholly owned Utica assets (collectively, "Utica Position") to a subsidiary of MPLX LP ("MPLX") for $625 million in cash (the "Utica Divestiture"). This transaction is the culmination of the comprehensive strategic review process undertaken by the Summit Board of Directors (the "Board"), in consultation with external advisors, that was publicly announced on October 3, 2023 . As part of this process, the Board considered a wide range of opportunities to maximize value for unitholders, including an outright sale of Summit and other divestiture and partnership-level transactions. The Utica Divestiture and conclusion
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News
- Summit Midstream Partners, LP Announces Asset Sale Offer to Purchase up to $215,000,000 Aggregate Principal Amount of Outstanding 8.500% Senior Secured Second Lien Notes Due 2026 [Yahoo! Finance]Yahoo! Finance
- Summit Midstream Partners, LP Announces 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
- Summit Midstream Partners, LP (NYSE: SMLP) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Summit Midstream Partners, LP (NYSE:SMLP) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Summit Midstream Partners, LP Reports First Quarter 2024 Financial and Operating Results [Yahoo! Finance]Yahoo! Finance
SMLP
Sec Filings
- 5/22/24 - Form 8-K
- 5/17/24 - Form 4
- 5/10/24 - Form 144
- SMLP's page on the SEC website