Summit Midstream Partners, LP Reports First Quarter 2024 Financial and Operating Results [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
Highlights Reduced net leverage ratio to approximately 3.9x, a dramatic reduction from 5.4x in the fourth quarter of 2023, furthering progress toward achieving 3.5x net leverage target First quarter 2024 net income of $132.9 million , adjusted EBITDA of $70.1 million , cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $32.5 million and free cash flow ("FCF") of $17.2 million Connected 71 wells during the first quarter Active customer base with three drilling rigs and more than 80 DUCs behind our systems Successful conclusion to the Double E open season resulting in an incremental 75 MMcfd, 10-year take or pay commitment and primary term extension with an existing customer plus an additional 150 MMcfd of non-binding bids from third parties Sold remaining Northeast assets in West Virginia for approximately $75 million Revised pro forma 2024 Adjusted EBITDA guidance of $170 million to $200 million Includes $70.0 million asset sale to Antero Mi
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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 ResultsPR Newswire
SMLP
Sec Filings
- 5/17/24 - Form 4
- 5/10/24 - Form 144
- 5/10/24 - Form 8-K
- SMLP's page on the SEC website