Summit Midstream Partners LP (N:SMLP)
Business Focus: Oil & Gas Transportation Services
Apr 25, 2024 07:00 am ET
Summit Midstream Partners, LP Schedules First Quarter 2024 Earnings Call and Announces Expiration and Results for Excess Cash Flow Offer to Purchase up to $19,331,000 Aggregate Principal Amount of Out
HOUSTON, April 25, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP" or the "Partnership") today announced it will report operating and financial results for the first quarter of 2024 on Friday, May 3, 2024, before the open of trading on the New York Stock Exchange.
Apr 01, 2024 05:00 pm ET
Double E Pipeline Announces Open Season for Available Capacity
HOUSTON, April 1, 2024 /PRNewswire/ -- Double E Pipeline, LLC ("Double E") announced today the launch of a non-binding open season ("Open Season") to solicit expressions of interest for firm transportation service on its system. The Open Season will commence at 4:00 p.m. Central Time on Monday, April 1, 2024, and will end at 2:00 p.m. Central Time on Monday, April 29, 2024.
Mar 27, 2024 05:00 pm ET
Summit Midstream Partners, LP Announces Excess Cash Flow Offer to Purchase up to $19,331,000 Aggregate Principal Amount of Outstanding 8.500% Senior Secured Second Lien Notes Due 2026
HOUSTON, March 27, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP" or the "Partnership") today announced that Summit Midstream Holdings, LLC ("Holdings") and Summit Midstream Finance Corp. (together with Holdings, the "Issuers"), which are subsidiaries of the Partnership, are commencing a cash tender offer (the "Excess Cash Flow Offer") to purchase up to $19,331,000 aggregate principal amount (the "Excess Cash Flow Offer Amount") of their outstanding 8.500% Senior Secured Second Lien Notes due 2026 (the "Notes") at a purchase price of 100% of the aggregate p
Mar 25, 2024 06:33 pm ET
Summit Midstream Partners, LP Announces 2023 K-1 Tax Package Availability
HOUSTON, March 25, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today that its 2023 tax packages, including the Schedule K-1, are now available online and may be accessed at https://partnerdatalink.com/Summit. SMLP will also begin mailing the 2023 tax packages to unitholders this week.
Mar 22, 2024 08:30 am ET
Summit Midstream Partners, LP Announces Sale of Utica Position for $625 Million
Concludes Strategic Alternatives Process; Plans to Seek Approval from Unitholders to Convert to a C-Corp
Feb 23, 2024 06:00 am ET
Summit Midstream Partners, LP Schedules Fourth Quarter 2023 Earnings Call
HOUSTON, Feb. 23, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today that it will report operating and financial results for the fourth quarter of 2023 and provide an update to its strategic alternatives review on Friday, March 15, 2024, before the open of trading on the New York Stock Exchange.
Nov 16, 2023 03:30 pm ET
Summit Midstream Partners, LP Announces Opportunistic Refinancing of its 2025 Unsecured Notes and Amendment to ABL Facility
HOUSTON, Nov. 16, 2023 /PRNewswire/ -- As part of its previously announced strategic alternatives review, Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP" or the "Partnership") announces the execution of an opportunistic refinancing of its senior notes due 2025 (the "2025 Unsecured Notes") and amendment to its asset-based lending credit facility ("ABL Facility").
Nov 03, 2023 07:00 am ET
Summit Midstream Partners, LP Reports Third Quarter 2023 Financial and Operating Results
HOUSTON, Nov. 3, 2023 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today its financial and operating results for the three months ended September 30, 2023.
Oct 03, 2023 07:00 am ET
Summit Midstream Partners, LP Provides Operational Update, Announces Review of Strategic Alternatives and Schedules Third Quarter 2023 Earnings Call
HOUSTON, Oct. 3, 2023 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today an operational update for the third quarter of 2023. In connection with this operational update, SMLP also 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.
Jul 27, 2023 04:01 pm ET
Summit Midstream Partners, LP Schedules Second Quarter 2023 Earnings Call
HOUSTON, July 27, 2023 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today that it will report operating and financial results for the second quarter of 2023 on Wednesday, August 9, 2023, after the close of trading on the New York Stock Exchange.
Jul 06, 2023 11:03 am ET
Summit Midstream Partners, LP Announces 2022 K-3 Tax Form Availability
HOUSTON, July 6, 2023 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that its 2022 Schedule K-3 is available online. Unitholders requiring this information may access their Schedule K-3 at https://partnerdatalink.com/Summit. SMLP will also mail a 2022 Schedule K-3 to any unitholder making a request for a physical copy of the Schedule K-3. For additional information or assistance, unitholders may also contact Partner DataLink via email at [email protected] or via phone at (855) 375-4158 Monday through Friday from 8:00 a.m. – 5:00 p.m. CST or visit SMLP's we
May 05, 2023 07:00 am ET
Summit Midstream Partners, LP Reports First Quarter 2023 Financial and Operating Results
HOUSTON, May 5, 2023 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today its financial and operating results for the three months ended March 31, 2023.
Apr 24, 2023 05:00 pm ET
Summit Midstream Partners, LP Schedules First Quarter 2023 Earnings Call
HOUSTON, April 24, 2023 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today that it will report operating and financial results for the first quarter of 2023 on Friday, May 5, 2023, before the open of trading on the New York Stock Exchange.
Mar 22, 2023 07:00 am ET
Summit Midstream Partners, LP Announces 2022 K-1 Tax Package Availability
HOUSTON, March 22, 2023 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today that its 2022 tax packages, including the Schedule K-1, are now available online and may be accessed at https://partnerdatalink.com/Summit. SMLP will also begin mailing the 2022 tax packages to unitholders this week.
Feb 24, 2023 05:45 am ET
Summit Midstream Partners, LP Reports Fourth Quarter and Full-Year 2022 Financial and Operating Results & Provides Full-Year 2023 Guidance
HOUSTON, Feb. 24, 2023 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today its financial and operating results for fourth quarter and full-year 2022 and provided full-year 2023 financial guidance.
Dec 01, 2022 04:50 pm ET
Summit Midstream Partners, LP Completes Bolt-on Acquisitions in the DJ Basin
HOUSTON, Dec. 1, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today that its wholly owned subsidiary, Summit Midstream Holdings, LLC ("SMP Holdings"), successfully closed on the previously announced DJ Basin acquisitions of Outrigger DJ Midstream LLC ("Outrigger DJ") and Sterling Energy Investments LLC, Grasslands Energy Marketing LLC and Centennial Water Pipelines LLC (collectively, "Sterling DJ") for approximately $305 million in cash. The acquisition of Outrigger DJ and Sterling DJ combined with the previously announced
Nov 03, 2022 05:30 pm ET
Summit Midstream Partners, LP Reports Third Quarter 2022 Financial and Operating Results
HOUSTON, Nov. 3, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today its financial and operating results for the three months ended September 30, 2022, and also reiterated its expectation of achieving the high-end of its previously announced 2022 Adjusted EBITDA guidance range of $205 to $220 million.
Oct 17, 2022 07:30 am ET
Summit Midstream Partners, LP Announces Synergistic and Accretive Bolt-on Acquisitions in the DJ Basin
Summit to acquire Outrigger DJ Midstream LLC, and the operating subsidiaries of Sterling Energy Investments LLC, owners of natural gas gathering and processing systems, a crude oil gathering system, freshwater rights and a freshwater delivery system located near Summit's Hereford assets in Weld County, Colorado for an aggregate $305 million in cashRepresents another meaningful strategic step in Summit's overall corporate strategy to streamline its portfolio and build scale in key basins that are well positioned for growth (re-investment of approximately $115 million from the recent divestitu
Sep 19, 2022 04:30 pm ET
Summit Midstream Partners, LP Announces Sale of its Bison Gas Gathering System in North Dakota
HOUSTON, Sept. 19, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today that its wholly owned subsidiary, Summit Midstream Holdings, LLC ("SMP Holdings"), signed and closed on the sale of Bison Midstream, LLC ("Bison Midstream"), its gas gathering system in Burke and Mountrail Counties, North Dakota to Steel Reef Infrastructure Corp. ("Steel Reef" or the "Company" through its wholly owned subsidiary Steel Reef US Corp.), an integrated owner and operator of associated gas capture, gathering and processing assets in North Dakot
Sep 12, 2022 04:44 pm ET
Summit Midstream Partners, LP Announces 2021 K-3 Tax Form Availability
HOUSTON, Sept. 12, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that its 2021 Schedule K-3 is available online. Unitholders requiring this information may access their Schedule K-3 at https://partnerdatalink.com/Summit. SMLP will also mail a 2021 Schedule K-3 to any unitholder making a request for a physical copy. For additional information or assistance, unitholders may also contact Partner DataLink via email at [email protected] or via phone at (855) 375-4158, Monday through Friday from 8:00 a.m. – 5:00 p.m. CST, or visit SMLP's website at www.sum
Aug 04, 2022 04:57 pm ET
Summit Midstream Partners, LP Reports Second Quarter 2022 Financial and Operating Results
Second quarter 2022 net loss of $91.8 million, adjusted EBITDA of $50.5 million and cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $25.6 millionAdjusted EBITDA was impacted by approximately $3.6 million of estimated weather-related interruptions in the Rockies segment, maintenance activities and wells temporarily shut-in behind the Northeast segment and deal costs incurred during the quarterSold the Lane Gathering and Processing System in the Delaware Basin and assigned the associated take-or-pay firm capacity on Double E to a Subsidiary of Matador Resources Co
Jul 21, 2022 04:54 pm ET
Summit Midstream Partners, LP Schedules Second Quarter 2022 Earnings Call
HOUSTON, July 21, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership", "SMLP" or "Summit") announced today that it will report operating and financial results for the second quarter of 2022 on Thursday, August 4, 2022, after the close of trading on the New York Stock Exchange.
Jun 09, 2022 06:00 pm ET
Summit Midstream Partners, LP Announces Sale of its Lane Gathering and Processing System in the Delaware Basin to a Subsidiary of Matador Resources Company & Reiterates its 2022 Adjusted EBITDA Guidan
Cash sale price of $75 million reduces SMLP's total leverage by ~0.3x and increases its liquidity and financial flexibility for reinvestmentExpands Double E's commercial relationship with Matador, a top-tier Delaware producer with nearly 125,000 net acres in New Mexico and an existing economic interest in a processing plant complex in Eddy County, New Mexico currently connected to Double EMatador assumes additional take-or-pay firm capacity on Double EProvides Summit additional financial flexibility to pursue strategic, scale-building opportunities for Double E and around Summit's other core
May 26, 2022 05:28 pm ET
Summit Midstream Partners, LP Announces Adjournment of Annual Meeting and Information for Reconvened Annual Meeting
HOUSTON, May 26, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership" or "SMLP") announced today that its 2022 annual meeting of limited partners initially convened and partially adjourned on May 10, 2022 and reconvened on May 26, 2022 (the "Annual Meeting") has been adjourned, prior to conducting any business, for the purpose of soliciting additional votes with respect to Proposal 2, the approval of the Summit Midstream Partners, LP 2022 Long-Term Incentive Plan, set forth in the Partnership's definitive proxy statement for the Annual Meeting filed with the Sec
May 11, 2022 06:45 am ET
Summit Midstream Partners, LP Announces Partial Adjournment of Annual Meeting and Information for Reconvened Annual Meeting
HOUSTON, May 11, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership" or "SMLP") announced today that its 2022 annual meeting of limited partners (the "Annual Meeting") scheduled for and convened today has been partially adjourned for the purpose of soliciting additional votes with respect to Proposal 2, the approval of the Summit Midstream Partners, LP 2022 Long-Term Incentive Plan, set forth in the Partnership's definitive proxy statement for the Annual Meeting filed with the Securities and Exchange Commission on March 31, 2022 (the "Proxy Statement").
May 03, 2022 07:10 pm ET
Summit Midstream Partners, LP Reports First Quarter 2022 Financial and Operating Results
First quarter 2022 net loss of $5 thousand, adjusted EBITDA of $56.8 million and cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $31.8 millionGenerated significant free cash flow in Q1 2022, reducing total debt by $34 million21% increase in crude oil volumes relative to Q4 2021, due to strong performance from 25 wells brought online over the past two quartersIn January 2022, completed Series A Preferred exchange offer, resulting in an aggregate reduction in Series A Preferred face value of 78% since July of 2020Revised 2022 Adjusted EBITDA guidance range of $205
Apr 19, 2022 06:45 am ET
Summit Midstream Partners, LP Schedules First Quarter 2022 Earnings Call
HOUSTON, April 19, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership", "SMLP" or "Summit") announced today that it will report operating and financial results for the first quarter of 2022 on Tuesday, May 3, 2022, after the close of trading on the New York Stock Exchange.
Mar 14, 2022 04:05 pm ET
Summit Midstream Partners, LP Announces 2021 K-1 Tax Package Availability
HOUSTON, March 14, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that its 2021 tax packages, including the Schedule K-1, are now available online and may be accessed at https://partnerdatalink.com/Summit. SMLP will also begin mailing the 2021 tax packages to unitholders this week.
Feb 28, 2022 04:45 pm ET
Summit Midstream Partners, LP Announces the Appointment of Rommel M. Oates to the Board of Directors of its General Partner
HOUSTON, Feb. 28, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that Rommel M. Oates has been appointed to the Board of Directors of its general partner, Summit Midstream GP, LLC (the "Board"). Mr. Oates was appointed on February 28, 2022 as a Class III Director.
Feb 25, 2022 05:45 am ET
Summit Midstream Partners, LP Reports Fourth Quarter and Full Year 2021 Financial and Operating Results & Provides Full Year 2022 Guidance
HOUSTON, Feb. 25, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today its financial and operating results for the three months ended December 31, 2021, including net loss of $16.2 million, adjusted EBITDA of $54.7 million and DCF of $29.9 million. Operated natural gas throughput from wholly owned assets averaged 1,307 million cubic feet per day ("MMcf/d") and liquids throughput averaged 62 thousand barrels per day ("Mbbl/d"). Operated natural gas volumes from wholly owned assets decreased 2.0% relative to the third quarter
Feb 16, 2022 05:45 am ET
Summit Midstream Partners, LP Schedules Fourth Quarter 2021 Earnings Call and Announces New Business Segments
HOUSTON, Feb. 16, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership", "SMLP" or "Summit") announced today that it will report operating and financial results for the fourth quarter of 2021 on Friday, February 25, 2022, before the start of trading on the New York Stock Exchange, and that it has new business segments for the reporting of its financial results, beginning with its 2021 fourth quarter and annual results.
Feb 08, 2022 05:45 am ET
Summit Midstream Partners, LP Announces Senior Leadership Changes
HOUSTON, Feb. 8, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that Marc Stratton, the Executive Vice President and Chief Financial Officer of Summit Midstream GP, LLC (the "Company") will be departing the Company to pursue other interests. Mr. Stratton's employment with the Company will terminate effective March 4, 2022.
Jan 14, 2022 05:45 am ET
Summit Midstream Partners, LP Announces Final Results of Series A Preferred Unit Exchange Offer
HOUSTON, Jan. 14, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today the final results of its offer to exchange (the "Exchange Offer") any and all of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Liquidation Preference $1,000) (the "Series A Preferred Units") tendered in the Exchange Offer for newly issued common units representing limited partner interests in the Partnership (the "Common Units"), which expired at 11:59 p.m., New York City time, on January 12, 2022. Based on information provided by
Jan 13, 2022 05:45 am ET
Summit Midstream Partners, LP Announces Preliminary Results of Series A Preferred Unit Exchange Offer
HOUSTON, Jan. 13, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today the preliminary results of its offer to exchange (the "Exchange Offer") any and all of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Liquidation Preference $1,000) (the "Series A Preferred Units") tendered in the Exchange Offer for newly issued common units representing limited partner interests in the Partnership (the "Common Units"), which expired at 11:59 p.m., New York City time, on January 12, 2022 (the "Expiration Date"). Ba
Jan 07, 2022 05:45 am ET
Summit Midstream Partners, LP Provides Update on Series A Preferred Unit Exchange Offer
HOUSTON, Jan. 7, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today updates regarding its offer to exchange (the "Exchange Offer") any and all of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the "Series A Preferred Units") tendered in the Exchange Offer for newly issued common units representing limited partner interests in the Partnership (the "Common Units"). As of the close of business on January 6, 2022, based on information provided by American Stock Transfer & Trust Company, LLC, the depo
Dec 14, 2021 03:05 pm ET
Summit Midstream Partners, LP Announces Series A Preferred Unit Exchange Offer
HOUSTON, Dec. 14, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it has commenced an offer to exchange (the "Exchange Offer") any and all of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Liquidation Preference $1,000) (the "Series A Preferred Units") tendered in the Exchange Offer for newly issued common units representing limited partner interests in the Partnership (the "Common Units"). For each Series A Preferred Unit that is accepted in the Exchange Offer, the holder will receive 38 Com
Nov 18, 2021 05:45 am ET
Summit Midstream Partners, LP Announces Commencement of Service on Double E Pipeline
HOUSTON, Texas, Nov. 18, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that Double E Pipeline, LLC ("Double E"), a joint venture in which SMLP owns a 70% equity interest and serves as operator, has commenced operations. Double E is a 135 mile FERC-regulated natural gas pipeline that provides natural gas transportation services from southeast New Mexico and west Texas to downstream pipeline interconnections in the Waha Hub region.
Nov 04, 2021 06:45 am ET
Summit Midstream Partners, LP Reports Third Quarter 2021 Financial and Operating Results
HOUSTON, Nov. 4, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today its financial and operating results for the three months ended September 30, 2021, including net income of $7.0 million, adjusted EBITDA of $61.1 million and DCF of $45.7 million. Operated natural gas throughput averaged 1,333 million cubic feet per day ("MMcf/d") and liquids throughput averaged 63 thousand barrels per day ("Mbbl/d"). Operated natural gas volumes decreased 7.5% relative to the second quarter of 2021, largely due to natural production decl
Nov 02, 2021 04:05 pm ET
Summit Midstream Partners, LP Announces Closing of Private Offering of $700 Million Senior Secured Second Lien Notes and $400 Million Asset-Based Credit Facility
HOUSTON, Nov. 2, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that Summit Midstream Holdings, LLC, a Delaware limited liability company ("Summit Holdings"), and Summit Midstream Finance Corp., a Delaware corporation (together with Summit Holdings, the "Co-Issuers"), which are subsidiaries of the Partnership, closed a private offering (the "Offering") of $700,000,000 aggregate principal amount of 8.50% Senior Secured Second Lien Notes due 2026 (the "Notes"). Concurrently with the closing of the Offering and the issuance of the Notes, Summ
Oct 25, 2021 06:45 am ET
Summit Midstream Partners, LP Schedules Third Quarter 2021 Earnings Call
HOUSTON, Oct. 25, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it will report operating and financial results for the third quarter of 2021 on Thursday, November 4, 2021, before the start of trading on the New York Stock Exchange.
Oct 19, 2021 04:05 pm ET
Summit Midstream Partners, LP Announces Pricing of Private Offering of $700 Million Senior Secured Second Lien Notes
HOUSTON, Oct. 19, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that Summit Midstream Holdings, LLC, a Delaware limited liability company ("Summit Holdings"), and Summit Midstream Finance Corp., a Delaware corporation (together with Summit Holdings, the "Co-Issuers"), which are subsidiaries of the Partnership, priced a private offering (the "Offering") of $700,000,000 aggregate principal amount of 8.50% Senior Secured Second Lien Notes due 2026 (the "Notes") at a price of 98.5% of their face value. The Notes will pay interest semi-annuall
Oct 13, 2021 07:26 am ET
Summit Midstream Partners, LP Announces Private Offering of $700 Million Senior Secured Second Lien Notes and Conditional Redemption of 5.50% Senior Notes due 2022
HOUSTON, Oct. 13, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that, subject to market and other conditions, Summit Midstream Holdings, LLC, a Delaware limited liability company ("Summit Holdings"), and Summit Midstream Finance Corp., a Delaware corporation (together with Summit Holdings, the "Co-Issuers"), which are subsidiaries of the Partnership, commenced a private offering (the "Offering") of up to $700,000,000 aggregate principal amount of Senior Secured Second Lien Notes due 2026 (the "Notes"). The Notes are expected to pay intere
Aug 06, 2021 06:45 am ET
Summit Midstream Partners, LP Reports Second Quarter 2021 Financial and Operating Results
HOUSTON, Aug. 6, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today its financial and operating results for the three months ended June 30, 2021, including a net loss of $19.7 million, adjusted EBITDA of $62.1 million and DCF of $46.5 million. Net loss for the quarter included $31.5 million of non-cash charges including (i) a $19.3 million loss contingency accrual related to a previously disclosed incident dating back to a 2015 release of produced water from a pipeline owned by Meadowlark Midstream and (ii) an $12.2 millio
Aug 05, 2021 06:44 pm ET
Summit Midstream Partners, LP Announces Agreements to Resolve 2015 Discovery of Produced Water Release
HOUSTON, Aug. 5, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") today announced that it has entered into criminal and civil agreements to resolve previously disclosed government investigations into the discovery, in January 2015 of a discharge of produced water into Blacktail Creek, near Marmon, North Dakota ("2015 Blacktail Release") and failure to report the spill on a timely basis. The discharge emanated from a ruptured pipeline owned by a Summit operating subsidiary, Meadowlark Midstream Company, LLC ("Meadowlark"), which at the ti
Aug 02, 2021 06:45 am ET
Summit Midstream Partners, LP Schedules Second Quarter 2021 Earnings Call
HOUSTON, Aug. 2, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it will report operating and financial results for the second quarter of 2021 on Friday, August 6, 2021, before the start of trading on the New York Stock Exchange.
Jun 21, 2021 06:45 am ET
Summit Midstream Partners, LP Provides Updated 2021 Financial Guidance
HOUSTON, June 21, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") today announced an increase to its full year 2021 financial guidance, including a new adjusted EBITDA range of $225 million to $240 million which, at the midpoint, represents an increase of 5.7% from the original guidance range of $210 million to $230 million. Management now expects total indebtedness as of June 30, 2021, net of unrestricted cash on hand, to be reduced by approximately $82 million, which is nearly 6% lower than the outstanding net debt balance as of Dece
Feb 25, 2021 05:46 pm ET
Summit Midstream Partners, LP Reschedules its Fourth Quarter 2020 Earnings Release and Conference Call
HOUSTON, Feb. 25, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP," or the "Partnership") announced today it is rescheduling its fourth quarter 2020 earnings release and conference call. The Partnership plans to report operating and financial results for the fourth quarter of 2020 on Thursday, March 4, 2021, before the start of trading on the New York Stock Exchange.
Feb 16, 2021 03:31 pm ET
Summit Midstream Partners, LP Provides Preliminary Fourth Quarter 2020 Results and Full Year 2021 Financial Guidance
HOUSTON, Feb. 16, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP," or the "Partnership") announced today preliminary financial and operating results for the three months ended December 31, 2020 and also provided full year 2021 financial guidance. The Partnership expects fourth quarter 2020 net income of $119 million to $121 million and adjusted EBITDA of $61 million to $63 million. Net income for the quarter was primarily driven by approximately $124 million of gain on the early extinguishment of debt from the Partnership's open market repurchase of its se
Feb 02, 2021 05:45 am ET
Summit Midstream Partners, LP Announces $175 million of Financing Commitments for its Double E Pipeline Project and Schedules Fourth Quarter 2020 Earnings Call
HOUSTON, Feb. 2, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership" or "SMLP") announced today that its wholly-owned, indirect subsidiary, Summit Permian Transmission, LLC, has received $175 million of commitments from three leading commercial banks to finance the development of its Double E Pipeline Project ("Double E"). The lenders have committed to provide senior secured credit facilities consisting of a $160 million delayed draw term loan facility and a $15 million working capital facility (collectively, the "Credit Facilities"). The Credit Facilities ar
Jan 12, 2021 06:03 pm ET
Summit Midstream Partners, LP Announces Achievement of Key Milestones for the Double E Pipeline Project Including Receipt of the Notice to Proceed from the FERC
HOUSTON, Jan. 12, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that Double E Pipeline, LLC ("Double E"), a joint venture in which SMLP owns a 70% equity interest and serves as the pipeline's operator and construction manager, received its Notice to Proceed ("NTP") with construction, as well as approval of its Implementation Plan, from the Federal Energy Regulatory Commission ("FERC"). Double E has also been granted the necessary rights-of-way on federal lands from the Department of the Interior's Bureau of Land Management ("BLM") and ha
Dec 29, 2020 05:45 am ET
Summit Midstream Partners, LP Announces Final Results of Cash Tender Offer for Its Series A Preferred Units
HOUSTON, Dec. 29, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today the final results of its offer to purchase (the "Tender Offer") for cash up to $25,000,000.00 aggregate purchase price of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the "Series A Preferred Units"), which expired at 11:59 p.m., New York City time, on December 23, 2020. Based on information provided by D.F. King & Co., Inc., the tender and information agent for the Tender Offer (the "Tender and Information Agent"), 92,681 Ser
Dec 24, 2020 05:45 am ET
Summit Midstream Partners, LP Announces Preliminary Results of Cash Tender Offer for Its Series A Preferred Units
HOUSTON, Dec. 24, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today the preliminary results of its offer to purchase (the "Tender Offer") for cash up to $25,000,000.00 aggregate purchase price of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the "Series A Preferred Units"), which expired at 11:59 p.m., New York City time, on December 23, 2020. Based on preliminary information provided by D.F. King & Co., Inc., the tender and information agent for the Tender Offer (the "Tender and Information A
Dec 18, 2020 08:27 am ET
Summit Midstream Partners, LP Announces Revolving Credit Facility Amendment
HOUSTON, Dec. 18, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that its wholly owned subsidiary, Summit Midstream Holdings, LLC, has executed an amendment of its revolving credit facility (the "Revolver"). The Revolver, which is supported by a syndicate of 20 banking institutions, was amended, with overwhelming support, to provide the Partnership with additional liquidity and financial flexibility to continue to execute on its liability management initiatives, including opening a pathway for the Partnership to address its debt that matu
Dec 10, 2020 05:45 am ET
Summit Midstream Partners, LP Announces Second Amendment to Cash Tender Offer for Its Series A Preferred Units
HOUSTON, Dec. 10, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it has further amended its previously announced offer to purchase (the "Tender Offer") for cash up to $25,000,000.00 aggregate purchase price of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the "Series A Preferred Units"). For each Series A Preferred Unit that is accepted in the Tender Offer, the holder will receive $333.00 (the "Purchase Price"), which represents a 33.2% increase over the previous offer of $250.00 and a 66.
Dec 03, 2020 05:50 am ET
Summit Midstream Partners, LP Regains Compliance with NYSE Minimum Price Continued Listing Standard
HOUSTON, Dec. 3, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that it has received written notification from the New York Stock Exchange (the "NYSE") that it has regained compliance with the NYSE's continued listing standard. As a result of the recent reverse unit split, SMLP's common unit price has traded above the NYSE's minimum requirement of $1.00 average unit price for the 30-trading days ended November 30, 2020. Given that SMLP has regained compliance with the NYSE's minimum price continued listing standard, the suffix indicating "below criteria" wi
Nov 24, 2020 03:05 pm ET
Summit Midstream Partners, LP Announces Amendment to Cash Tender Offer for Its Series A Preferred Units
HOUSTON, Nov. 24, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it has amended its previously announced offer to purchase (the "Tender Offer") for cash up to $25,000,000.00 aggregate purchase price of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the "Series A Preferred Units"). For each Series A Preferred Unit that is accepted in the Tender Offer, the holder will receive $250.00 (the "Purchase Price"), a 25% increase over the initial offer of $200.00. Assuming that the Tender Offer is f
Nov 16, 2020 04:14 pm ET
Summit Midstream Partners, LP Announces Anticipated Closing Date of SMP Holdings' Term Loan Restructuring & Concurrent Full Settlement of DPPO
HOUSTON, Nov. 16, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that substantially all closing conditions to the previously announced consensual Term Loan restructuring transaction (the "TL Restructuring") involving its wholly owned, indirect subsidiary, Summit Midstream Partners Holdings, LLC ("SMP Holdings") have been satisfied. Lenders collectively holding 100% of the aggregate principal amount of claims, including the approximately $155.2 million in principal amount outstanding, under SMP Holdings' Term Loan (the "Term Loan") have consented to the TL Re
Nov 10, 2020 05:45 am ET
Summit Midstream Partners, LP Announces Cash Tender Offer for Its Series A Preferred Units
HOUSTON, Nov. 10, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it will commence an offer to purchase (the "Tender Offer") for cash up to $25,000,000.00 aggregate purchase price (the "Maximum Aggregate Purchase Price") of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the "Series A Preferred Units"). For each Series A Preferred Unit that is accepted in the Tender Offer, the holder will receive $200.00 (the "Purchase Price"). The Tender Offer is conditioned on, among other things, that hol
Nov 06, 2020 05:45 am ET
Summit Midstream Partners, LP Reports Third Quarter 2020 Financial and Operating Results
HOUSTON, Nov. 6, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today its financial and operating results for the three months ended September 30, 2020, including net income of $25.6 million, adjusted EBITDA of $59.8 million and DCF of $37.6 million. Net income included a $24.7 million gain from early extinguishment of debt due to SMLP's open market repurchases and public tender offers for its senior unsecured notes, at discounts to par value. Operated natural gas volume throughput averaged 1,392 million cubic feet per day ("MMcf/d") and liquids volume throughput
Oct 30, 2020 06:50 am ET
Summit Midstream Partners, LP Announces 1-for-15 Reverse Unit Split
HOUSTON, Oct. 30, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership" or "SMLP") announced today that the Board of Directors of its general partner has approved a 1-for-15 reverse unit split on its common units representing limited partner interests in the Partnership (the "common units"), effective after the market closes on November 9, 2020. The common units will begin trading on a split-adjusted basis on November 10, 2020.
Oct 29, 2020 04:30 pm ET
Summit Midstream Partners, LP Schedules Third Quarter 2020 Earnings Call
HOUSTON, Oct. 29, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership" or "SMLP") announced today that it will report operating and financial results for the third quarter of 2020 on Friday, November 6, 2020, before the start of trading on the New York Stock Exchange.
Oct 16, 2020 06:55 am ET
Summit Midstream Partners, LP Announces FERC Approval of Double E Pipeline Project
HOUSTON, Oct. 16, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced that on October 15, 2020, Double E Pipeline, LLC ("Double E"), a joint venture in which SMLP owns a 70% equity interest and serves as operator, received Federal Energy Regulatory Commission ("FERC") approval of its application to construct and operate the Double E Pipeline Project, pursuant to Section 7(c) of the Natural Gas Act. Double E is a new interstate natural gas pipeline that is currently under development and, upon completion, will provide up to 1.35 million dekatherms of firm transportation
Aug 07, 2020 06:30 am ET
Summit Midstream Partners, LP Reports Second Quarter 2020 Financial and Operating Results
HOUSTON, Aug. 7, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today its financial and operating results for the three months ended June 30, 2020, including net income of $56.7 million, adjusted EBITDA of $64.6 million and DCF of $42.7 million. Net income included a $54.2 million gain from early extinguishment of debt as a result of SMLP's open market repurchases of senior unsecured notes at discounts to par value. Operated natural gas volume throughput averaged 1,391 MMcf/d and liquids volume throughput averaged 76 Mbbl/d for the quarter. Increased quarterly o
Jul 31, 2020 08:57 am ET
Summit Midstream Partners, LP Announces Final Results of Series A Preferred Unit Exchange Offer
HOUSTON, July 31, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today the final results of its offer to exchange (the "Exchange Offer") any and all of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the "Series A Preferred Units") for newly issued common units representing limited partner interests in the Partnership (the "Common Units"), which expired at 5:00 p.m., New York City time on July 28, 2020. Based on information provided by American Stock Transfer & Trust Company, LLC, the depositary of
Jul 29, 2020 06:50 am ET
Summit Midstream Partners, LP Announces Preliminary Results of Series A Preferred Unit Exchange Offer
HOUSTON, July 29, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today preliminary results regarding its offer to exchange (the "Exchange Offer") any and all of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the "Series A Preferred Units") for newly issued common units representing limited partner interests in the Partnership (the "Common Units"), which expired at 5:00 p.m., New York City time on July 28, 2020 (the "Expiration Date"). Based on preliminary information provided by American Stock Transfe
Jul 27, 2020 06:50 am ET
Summit Midstream Partners, LP Provides Update on Series A Preferred Unit Exchange Offer
HOUSTON, July 27, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today updates regarding its offer to exchange (the "Exchange Offer") any and all of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the "Series A Preferred Units") for newly issued common units representing limited partner interests in the Partnership (the "Common Units"). As of July 24, 2020, based on information provided by American Stock Transfer & Trust Company, LLC, the depositary of the Exchange Offer, 53,827 Series A Preferred U
Jul 23, 2020 09:19 pm ET
Summit Midstream Partners, LP Provides Update on Series A Preferred Unit Exchange Offer; Provides Preliminary 2Q 2020 Results and Updated 2020 Guidance; Schedules 2Q 2020 Earnings Call
HOUSTON, July 23, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it has further amended the expiration date on its offer to exchange (the "Exchange Offer") any and all of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the "Series A Preferred Units") for newly issued common units representing limited partner interests in the Partnership, from 5:00 p.m. New York city time on Friday, July 24, 2020, to 5:00 p.m. New York city time on Tuesday, July 28, 2020, unless further extended. As of July 2
Jul 20, 2020 06:50 am ET
Summit Midstream Partners, LP Provides Update on Series A Preferred Unit Exchange Offer
HOUSTON, July 20, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today updates regarding its offer to exchange (the "Exchange Offer") any and all of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the "Series A Preferred Units") for newly issued common units representing limited partner interests in the Partnership (the "Common Units"). As of July 17, 2020, based on information provided by American Stock Transfer & Trust Company, LLC, the depositary of the Exchange Offer, 2,515 Series A Preferred Un
Jul 13, 2020 05:15 pm ET
Summit Midstream Partners, LP Provides Update on Debt Repurchases and Announces Amendment to Series A Preferred Unit Exchange Offer
HOUSTON, July 13, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it has continued to pursue liability management transactions, including repurchasing certain of its unsecured debt in the open market to manage its debt maturity profile. As of July 13, 2020, SMLP had repurchased approximately $28 million face value of Summit Midstream Holdings, LLC's ("Summit Holdings") and Summit Midstream Finance Corp.'s ("Finance Corp.") 5.5% senior unsecured notes due August 2022 at a weighted average 36% discount for approximately $18 million in c
Jul 01, 2020 06:50 am ET
Summit Midstream Partners, LP Announces Amendment to Series A Preferred Unit Exchange Offer
HOUSTON, July 1, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it has amended its offer to exchange (the "Exchange Offer") any and all of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the "Series A Preferred Units") for newly issued common units representing limited partner interests in the Partnership (the "Common Units"). For each Series A Preferred Unit that is accepted in the Exchange Offer, the holder will receive 200 Common Units, which is an increase of 50 Common Units, or 33% more
Jun 18, 2020 04:31 pm ET
Summit Midstream Partners, LP Announces Series A Preferred Unit Exchange Offer
HOUSTON, June 18, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it has commenced an offer to exchange (the "Exchange Offer") any and all of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the "Series A Preferred Units") for newly issued common units representing limited partner interests in the Partnership (the "Common Units"). For each Series A Preferred Unit that is accepted in the Exchange Offer, the holder will receive 150 Common Units. The Exchange Offer is conditioned on, among other
Jun 12, 2020 08:30 am ET
Alerian Index Series June 2020 Index Review
DALLAS, June 12, 2020 /PRNewswire/ -- Alerian announced the results of the June quarterly review for the Alerian Index Series. All changes will be implemented as of the close of business on Friday, June 19, 2020.
Jun 04, 2020 04:05 pm ET
Summit Midstream Partners, LP Announces New Board Member
HOUSTON, June 4, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today the appointment of James J. Cleary to the Board of Directors of its general partner, Summit Midstream GP, LLC (the "Board"). Mr. Cleary was appointed on June 4, 2020, will be a Class III director and will serve as a member on the Compensation and Corporate Governance and Nominating Committees of the Board.
May 28, 2020 05:26 pm ET
Summit Midstream Partners, LP Closes Acquisition of Summit Midstream Partners, LLC, the Owner of its General Partner, in Transformational Simplification Transaction
HOUSTON, May 28, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("SMLP" or the "Partnership") announced today (the "Closing Date") that it has closed the previously announced acquisition from Energy Capital Partners II LLC ("ECP"), of (i) Summit Midstream Partners, LLC ("Summit Investments"), the privately held company that indirectly owns SMLP's general partner, Summit Midstream GP, LLC (the "GP"), and (ii) 5.9 million SMLP common units owned directly by an affiliate of ECP, for $35 million in cash plus warrants covering up to 10 million SMLP common units (the "GP Buy-in Tr
May 08, 2020 06:45 am ET
Summit Midstream Partners, LP Reports First Quarter 2020 Financial and Operating Results
HOUSTON, May 8, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today its financial and operating results for the three months ended March 31, 2020, including net income of $5.3 million, adjusted EBITDA of $66.1 million and DCF of $34.2 million. Operated natural gas volume throughput averaged 1,281 MMcf/d and liquids volume throughput averaged 98 Mbbl/d in the quarter. Natural gas volume throughput benefitted from the on-time commissioning of a five-well pad site behind our Utica Shale gathering system in mid-March 2020. This pad site is generating aggregate prod
May 03, 2020 08:59 pm ET
Summit Midstream Partners, LP to Acquire Summit Midstream Partners, LLC, the Owner of its General Partner, in Transformational Simplification Transaction; Suspends Common & Series A Preferred Unit Dis
HOUSTON, May 3, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that it has entered into a definitive agreement with Energy Capital Partners II, LLC ("ECP") to acquire Summit Midstream Partners, LLC ("Summit Investments"), the privately held company that indirectly owns SMLP's general partner, Summit Midstream GP, LLC (the "GP"), as well as 5.9 million SMLP common units owned separately by ECP, for $35 million in cash plus warrants covering 10 million SMLP common units (the "GP Buy-in Transaction"). Pursuant to terms of the GP Buy-in Transaction, at closing,
Apr 16, 2020 04:30 pm ET
Summit Midstream Partners, LP Receives Continued Listing Standard Notice from NYSE
HOUSTON, Texas, April 16, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced that on April 10, 2020, it received a formal notice from the New York Stock Exchange ("NYSE") indicating noncompliance with the continued listing standard set forth in Rule 802.01C of the NYSE Listed Company Manual because the average closing price of SMLP's common units had fallen below $1.00 per unit over a period of 30 consecutive trading days, which is the minimum average unit price for continued listing on the NYSE. SMLP has six months following the receipt of the formal noncompliance no
Nov 08, 2019 05:55 am ET
Summit Midstream Partners, LP Reports Third Quarter 2019 Financial Results
THE WOODLANDS, Texas, Nov. 8, 2019 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today its financial and operating results for the three months ended September 30, 2019, including adjusted EBITDA of $72.0 million, DCF of $41.7 million, and a quarterly distribution coverage ratio of 1.75x. SMLP reported a net loss of $10.6 million in the quarter, which included a $16.2 million non-cash expense related to the impairment of goodwill on the Mountaineer Midstream system, due to a more tempered near-term outlook for the Marcellus Shale reportable segment. Net loss, adjuste
Oct 24, 2019 04:10 pm ET
Summit Midstream Partners, LP Announces Third Quarter 2019 Distribution and Schedules Third Quarter 2019 Earnings Call
THE WOODLANDS, Texas, Oct. 24, 2019 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that the board of directors of its general partner, Summit Midstream GP, LLC, has declared a quarterly cash distribution of $0.2875 per unit on all of its outstanding common units, or $1.15 per unit on an annualized basis, for the quarter ended September 30, 2019. This distribution will be paid on November 14, 2019, to unitholders of record as of the close of business on November 7, 2019.
Aug 09, 2019 06:55 am ET
Summit Midstream Partners Appoints J. Heath Deneke President, Chief Executive Officer and Member of the Board of Directors
THE WOODLANDS, Texas, Aug. 9, 2019 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) today announced that its Board of Directors has appointed J. Heath Deneke to serve as President and Chief Executive Officer of Summit Midstream Partners, LLC, effective September 16, 2019. Mr. Deneke will also join the Board of Directors of Summit Midstream GP, LLC. Leonard Mallett, who has been serving as President and CEO of Summit Midstream Partners on an interim basis since February 2019, will continue to serve as the Company's Chief Operations Officer and will report to Mr. Deneke.
Aug 09, 2019 06:55 am ET
Summit Midstream Partners, LP Reports Second Quarter 2019 Financial Results
THE WOODLANDS, Texas, Aug. 9, 2019 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today its financial and operating results for the three months ended June 30, 2019, including net income of $4.8 million, adjusted EBITDA of $68.6 million, distributable cash flow of $38.4 million, and a distribution coverage ratio of 1.62x.
Jul 25, 2019 04:15 pm ET
Summit Midstream Partners, LP Announces Second Quarter 2019 Distribution and Schedules Second Quarter 2019 Earnings Call
THE WOODLANDS, Texas, July 25, 2019 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that the board of directors of its general partner, Summit Midstream GP, LLC, has declared a quarterly cash distribution of $0.2875 per unit on all of its outstanding common units, or $1.15 per unit on an annualized basis, for the quarter ended June 30, 2019. This distribution will be paid on August 14, 2019, to unitholders of record as of the close of business on August 7, 2019.
Jul 15, 2019 06:55 am ET
SMLP Announces Start-Up of DJ Basin Processing Plant
THE WOODLANDS, Texas, July 15, 2019 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today the successful commissioning of its new 60 MMcf/d cryogenic processing plant in the DJ Basin. The new facility, which substantially increases SMLP's prior processing capacity in the DJ Basin, delivers residue gas to Colorado Interstate Gas and Trailblazer Pipeline and processed NGLs to the Overland Pass Pipeline. In addition, SMLP expects the new plant to operate more efficiently and to generate substantially higher NGL recoveries compared to SMLP's legacy 20 MMcf/d processing fac
May 09, 2019 04:25 pm ET
Summit Midstream Partners, LP Reports First Quarter 2019 Financial Results
THE WOODLANDS, Texas, May 9, 2019 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today its financial and operating results for the three months ended March 31, 2019. SMLP reported a net loss of $36.9 million for the first quarter of 2019, compared to a net loss of $3.8 million for the prior-year period. Net loss in the first quarter of 2019 included $45.0 million of non-cash, long-lived asset impairments. Net cash provided by operating activities totaled $52.7 million for the first quarter of 2019, compared to $51.2 million for the prior-year period. Adjusted EBITDA
Apr 30, 2019 01:31 pm ET
Cushing® Asset Management and Swank Capital Announce a Constituent Change to The Cushing® MLP High Income Index
DALLAS, April 30, 2019 /PRNewswire/ -- Cushing® Asset Management, LP, and Swank Capital, LLC, announce an upcoming interim change to constituents of The Cushing® MLP High Income Index (the "Index"). Per the Index's methodology guide, a constituent change due to a distribution cut will take place on the latter of the distribution ex-date or the last business day of the week that is at least five business days after the day on which the announcement is made. Due to the April 25, 2019 distribution cut announcement by Summit Midstream Partners, LP (NYSE: SMLP), after the market closes on May 7,
Apr 30, 2019 01:25 pm ET
Cushing® Asset Management and Swank Capital Announce a Constituent Change to The Cushing® 30 MLP Index
DALLAS, April 30, 2019 /PRNewswire/ -- Cushing® Asset Management, LP, and Swank Capital, LLC, announce an upcoming interim change to the constituents of The Cushing® 30 MLP Index (the "Index"). Per the Index's methodology guide, a constituent change due to a distribution cut will take place on the latter of the distribution ex-date or the last business day of the week that is at least five business days after the day on which the announcement is made. Due to the April 25, 2019 distribution cut announcement by Summit Midstream Partners, LP (NYSE: SMLP), after the market closes on May 7, 2019,
Apr 25, 2019 04:10 pm ET
Summit Midstream Partners, LP Announces First Quarter 2019 Distribution and Schedules First Quarter 2019 Earnings Call
THE WOODLANDS, Texas, April 25, 2019 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that the board of directors of its general partner, Summit Midstream GP, LLC, has declared a quarterly cash distribution of $0.2875 per unit on all of its outstanding common units, or $1.15 per unit on an annualized basis, for the quarter ended March 31, 2019. This distribution was initially announced in conjunction with SMLP's fourth quarter earnings on February 26, 2019 and will be paid on May 15, 2019, to unitholders of record as of the close of business on May 8, 2019.
Apr 18, 2019 07:30 am ET
Summit Midstream Partners, LP Announces New Board Member
THE WOODLANDS, Texas, April 18, 2019 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today the appointment of Lee Jacobe to the board of directors of its general partner, Summit Midstream GP, LLC. Mr. Jacobe was appointed on April 16, 2019, and will serve on the conflicts and audit committees of the Board.
Apr 11, 2019 07:25 am ET
New Research: Key Drivers of Growth for Grifols, S.A, LG Display Co., Summit Midstream Partners, LP, Mammoth Energy Services, Reading International, and Great Ajax — Factors of Influence, Major Initia
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Grifols, S.A. (NASDAQ:GRFS), LG Display Co., Ltd. (NYSE:LPL), Summit...
Feb 28, 2019 07:30 am ET
Summit Midstream Partners, LP Files 2018 Annual Report on Form 10-K and Announces 2018 K-1 Tax Package Availability
THE WOODLANDS, Texas, Feb. 28, 2019 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that it has filed its 2018 Annual Report on Form 10-K with the Securities and Exchange Commission. This report contains SMLP's audited financial statements for the fiscal year ended December 31, 2018. A copy of the report is available for viewing and downloading from the Investors section on SMLP's website at www.summitmidstream.com.
Feb 26, 2019 05:45 am ET
Summit Midstream Partners, LP Reports Record Fourth Quarter and Full Year 2018 Financial Results and Provides 2019 Financial Guidance
THE WOODLANDS, Texas, Feb. 26, 2019 /PRNewswire/ -- In addition to the strategic actions and leadership changes announced earlier today in a separate press release, Summit Midstream Partners, LP (NYSE: SMLP) is announcing its financial and operating results for the three months and year ended December 31, 2018. SMLP reported net income of $38.7 million for the fourth quarter of 2018, compared to a net loss of $18.3 million for the prior-year period. Net income in the fourth quarter of 2018 included $32.8 million of non-cash income related to a decrease in the present value of the estimated
Feb 26, 2019 05:40 am ET
Summit Midstream Partners, LP Announces Strategic Actions to Simplify Structure, Improve Distribution Coverage, Enhance Credit Profile and Drive Unitholder Value; Appoints Leonard Mallett as Interim C
THE WOODLANDS, Texas, Feb. 26, 2019 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that it is undertaking a series of strategic actions to reposition the Company to better serve its customers and create value for its unitholders by enhancing its ability to fund attractive growth opportunities and maintain a prudent capital structure.
Feb 15, 2019 07:20 am ET
Research Report Identifies Novavax, Zillow Group, Broadridge Financial Solutions, Summit Midstream Partners, LP, Primoris Services, and RE/MAX with Renewed Outlook — Fundamental Analysis, Calculating
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Novavax, Inc. (NASDAQ:NVAX), Zillow Group, Inc. (NASDAQ:Z), Broadridge...
Feb 13, 2019 03:30 pm ET
Summit Midstream Partners, LP Announces Date Change for Fourth Quarter 2018 Earnings Release and Earnings Call
THE WOODLANDS, Texas, Feb. 13, 2019 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that it has changed the date of its previously announced earnings release and earnings call and will now report operating and financial results for the fourth quarter of 2018 on Tuesday, February 26, 2019, before the start of trading on the New York Stock Exchange.
Jan 24, 2019 06:01 pm ET
Summit Midstream Partners, LP Announces Fourth Quarter 2018 Distribution and Schedules Fourth Quarter 2018 Earnings Call
THE WOODLANDS, Texas, Jan. 24, 2019 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that the board of directors of its general partner, Summit Midstream GP, LLC, has declared a quarterly cash distribution of $0.575 per unit on all of its outstanding common units, or $2.30 per unit on an annualized basis, for the quarter ended December 31, 2018. This quarterly distribution remains unchanged from the previous quarter and from the quarter ended December 31, 2017. This distribution will be paid on February 14, 2019, to unitholders of record as of the close of busi
Dec 10, 2018 06:30 am ET
Summit Midstream Announces Senior Management Changes
THE WOODLANDS, Texas, Dec. 10, 2018 /PRNewswire/ -- Summit Midstream Partners, LP ("SMLP") announced today that Matthew Harrison, the Executive Vice President and Chief Financial Officer of Summit Midstream Partners, LLC ("Summit Investments") and Summit Midstream GP, LLC (collectively with Summit Investments, the "Company"), will be departing the Company to pursue other interests. Summit Midstream GP, LLC, which is owned by Summit Investments, manages and operates SMLP. Mr. Harrison's employment with the Company will terminate effective January 4, 2019.
Nov 27, 2018 03:10 pm ET
Summit Midstream Partners, LP Announces Series A Preferred Distribution
THE WOODLANDS, Texas, Nov. 27, 2018 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that the board of directors of its general partner, Summit Midstream GP, LLC, has declared a distribution of $47.50 per Series A Preferred Unit, which will be payable on December 17, 2018, to holders of record at the close of business on December 3, 2018.
Nov 26, 2018 07:50 am ET
Report: Developing Opportunities within Summit Midstream Partners, LP, Empire State Realty Trust, Expeditors International of Washington, Ellington Residential Mortgage REIT, OncoCyte, and Sachem Capi
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Summit Midstream Partners, LP (NYSE:SMLP), Empire State Realty Trust, Inc....
Nov 08, 2018 03:15 pm ET
Summit Midstream Partners, LP Reports Third Quarter 2018 Financial Results and Provides Update for Double E Pipeline
THE WOODLANDS, Texas, Nov. 8, 2018 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today its financial and operating results for the three and nine months ended September 30, 2018. SMLP reported net income of $57.5 million for the third quarter of 2018, compared to net income of $93.6 million for the prior-year period. Net income in the third quarter of 2018 included $37.2 million of non-cash income related to a decrease in the present value of the estimated Deferred Purchase Price Obligation ("DPPO"). Net income for the prior-year period included $70.5 million of non
Oct 25, 2018 04:10 pm ET
Summit Midstream Partners, LP Announces Third Quarter 2018 Distribution and Schedules Third Quarter 2018 Earnings Call
THE WOODLANDS, Texas, Oct. 25, 2018 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that the board of directors of its general partner, Summit Midstream GP, LLC, has declared a quarterly cash distribution of $0.575 per unit on all of its outstanding common units, or $2.30 per unit on an annualized basis, for the quarter ended September 30, 2018. This quarterly distribution remains unchanged from the previous quarter and from the quarter ended September 30, 2017. This distribution will be paid on November 14, 2018, to unitholders of record as of the close of busin
Oct 03, 2018 07:50 am ET
Research Report Identifies Ultragenyx Pharmaceutical, Helmerich & Payne, Buckeye Partners, Covanta Holding, Summit Midstream Partners, LP, and Seattle Genetics with Renewed Outlook — Fundamental Analy
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE), Helmerich Payne, Inc....
Sep 14, 2018 07:45 am ET
Summit Midstream Partners, LP Extends Open Season for Double E Natural Gas Pipeline Connecting Northern Delaware Basin to Waha Hub
THE WOODLANDS, Texas, Sept. 14, 2018 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that its subsidiary, Summit Permian Transmission, LLC (collectively with SMLP, "Summit"), is extending its binding open season ("Open Season") for firm transportation capacity on the Double E Pipeline (referred to herein as "Double E" or the "Project"). The Open Season, which was originally scheduled to end at 4:00 p.m. CDT on Friday, September 14, 2018, has been extended to 4:00 p.m. CDT on September 28, 2018.
Aug 06, 2018 09:00 am ET
Summit Midstream Partners, LP Announces Binding Open Season for Double E Natural Gas Pipeline Connecting Northern Delaware Basin to Waha Hub
THE WOODLANDS, Texas, Aug. 6, 2018 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) hereby announces that its subsidiary, Summit Permian Transmission, LLC (collectively, with SMLP, "Summit"), is holding a binding open season ("Open Season") for firm transportation capacity on its Double E Pipeline (referred to herein as "Double E" or the "Project"). The Project will provide natural gas transportation service from various receipt points in the Delaware Basin to various delivery points in and around the Waha Hub, thereby connecting a growing supply of associated natural gas to a liq
Aug 02, 2018 04:44 pm ET
Summit Midstream Partners, LP Reports Second Quarter 2018 Financial Results
THE WOODLANDS, Texas, Aug. 2, 2018 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today its financial and operating results for the three and six months ended June 30, 2018. SMLP reported a net loss of $49.9 million for the second quarter of 2018, compared to net income of $11.2 million for the prior-year period. The net loss in the second quarter of 2018 included $69.3 million of non-cash expense related to the increase in the present value of the estimated Deferred Purchase Price Obligation ("DPPO"). Net income for the prior-year period included $5.1 million of non
Jul 27, 2018 09:00 am ET
Summit Midstream Partners, LP Announces Execution of Precedent Agreement with XTO Energy Inc. for Firm Transportation Capacity on Double E Pipeline
THE WOODLANDS, Texas, July 27, 2018 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that it has executed a precedent agreement with XTO Energy Inc. ("XTO"), a wholly owned subsidiary of Exxon Mobil Corporation ("ExxonMobil"), and one of the largest leaseholders and most active producers in the northern Delaware Basin, to become a Foundation Shipper on SMLP's Double E Pipeline project ("Double E"). XTO has committed to firm transportation capacity on Double E under a 10-year take-or-pay agreement which increases to 500,000 dekatherms per day ("dth/d").
Jul 26, 2018 04:05 pm ET
Summit Midstream Partners, LP Announces Second Quarter 2018 Distribution and Schedules Second Quarter 2018 Earnings Call
THE WOODLANDS, Texas, July 26, 2018 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that the board of directors of its general partner, Summit Midstream GP, LLC, has declared a quarterly cash distribution of $0.575 per unit on all of its outstanding common units, or $2.30 per unit on an annualized basis, for the quarter ended June 30, 2018. This quarterly distribution remains unchanged from the previous quarter and from the quarter ended June 30, 2017. This distribution will be paid on August 14, 2018, to unitholders of record as of the close of business on Augus
Jul 12, 2018 08:30 am ET
Alerian Announces Constituent Changes to the Alerian Midstream Energy Select Index
DALLAS, July 12, 2018 /PRNewswire/ -- Alerian announced that as of the close of business on Monday, July 23, 2018, the following companies will be added to the Alerian Midstream Energy Select Index (AMEI):
Jun 18, 2018 07:35 am ET
Market Trends Toward New Normal in Summit Midstream Partners, LP, Consolidated Edison, Genesis Energy, Qorvo, Stag Industrial, and Pilgrim's Pride — Emerging Consolidated Expectations, Analyst Ratings
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Summit Midstream Partners, LP (NYSE:SMLP), Consolidated Edison Inc...
Jun 07, 2018 04:52 pm ET
SMLP Chief Executive Officer, Steve Newby, to be Featured in Upcoming Podcast Interview with Investing with the Buyside
THE WOODLANDS, Texas, June 7, 2018 /PRNewswire/ -- Steve Newby, President and Chief Executive Officer of Summit Midstream Partners, LP (NYSE: SMLP), will be featured in an upcoming podcast interview with Investing with the Buyside, hosted by Nate Abercrombie. The podcast interview, which is expected to be available to the public beginning on June 8, 2018, can be found by accessing the Investors Section on SMLP's website at www.summitmidstream.com, or by accessing the following hyperlink: https://investingwiththebuyside.com/podcasts/.
May 25, 2018 04:05 pm ET
Summit Midstream Partners, LP Announces Series A Preferred Distribution
THE WOODLANDS, Texas, May 25, 2018 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that the board of directors of its general partner, Summit Midstream GP, LLC, has declared a distribution of $47.50 per Series A Preferred Unit, which will be payable on June 15, 2018, to holders of record at the close of business on June 1, 2018.
May 03, 2018 04:19 pm ET
Summit Midstream Partners, LP Reports First Quarter 2018 Financial Results
THE WOODLANDS, Texas, May 3, 2018 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today its financial and operating results for the three months ended March 31, 2018. SMLP reported a net loss of $3.8 million for the first quarter of 2018 compared to a net loss of $0.6 million for the prior-year period. Net income in the first quarter of 2018 included $21.7 million of non-cash expense related to the increase in the present value of the estimated Deferred Purchase Price Obligation ("DPPO"). Net income for the prior-year period included $20.9 million of non-cash DPPO exp
Apr 26, 2018 04:08 pm ET
Summit Midstream Partners, LP Announces First Quarter 2018 Distribution and Schedules First Quarter 2018 Earnings Call
THE WOODLANDS, Texas, April 26, 2018 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that the board of directors of its general partner, Summit Midstream GP, LLC, has declared a quarterly cash distribution of $0.575 per unit on all of its outstanding common units, or $2.30 per unit on an annualized basis, for the quarter ended March 31, 2018. This quarterly distribution remains unchanged from the previous quarter and from the quarter ended March 31, 2017. This distribution will be paid on May 15, 2018, to unitholders of record as of the close of business on May 8
Apr 23, 2018 07:40 am ET
Investor Expectations to Drive Momentum within Banc of California, Alarm, Consolidated Edison, Summit Midstream Partners, LP, Prosperity Bancshares, and Texas Pacific Land Trust — Discovering Underlyi
NEW YORK, April 23, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Banc of California, Inc. (NYSE:BANC), Alarm.com...
Mar 16, 2018 07:30 am ET
Summit Midstream Partners, LP Responds to FERC Announcement
THE WOODLANDS, Texas, March 16, 2018 /PRNewswire/ -- Yesterday, the Federal Energy Regulatory Commission ("FERC") announced that it will revise its 2005 Policy Statement for Recovery of Income Tax Costs so that it will no longer allow MLPs to recover an income tax allowance in cost of service-based rates. In response to this announcement, Summit Midstream Partners, LP (NYSE: SMLP) confirms that it does not currently provide services pursuant to FERC jurisdictional cost of service-based rates, and as such, SMLP does not expect to be adversely impacted by yesterday's announcement from the FER
Mar 01, 2018 03:25 pm ET
Summit Midstream Partners, LP Files 2017 Annual Report on Form 10-K and Announces 2017 K-1 Tax Package Availability
THE WOODLANDS, Texas, March 1, 2018 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that it has filed its 2017 Annual Report on Form 10-K with the Securities and Exchange Commission. This report contains SMLP's audited financial statements for the fiscal year ended December 31, 2017. A copy of the report is available for viewing and downloading from the Investors section on SMLP's website at www.summitmidstream.com.
Feb 23, 2018 07:30 am ET
Summit Midstream Partners LP to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / February 23, 2018 / Summit Midstream Partners LP (NYSE: SMLP) will be discussing their earnings results in their Q4 Earnings Call to be held on February 23, 2018, at 10:00 AM Eastern Time.
Feb 22, 2018 03:48 pm ET
Summit Midstream Partners, LP Reports Fourth Quarter and Full Year 2017 Financial Results and Provides 2018 Financial Guidance
THE WOODLANDS, Texas, Feb. 22, 2018 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today its financial and operating results for the three months and year ended December 31, 2017. SMLP reported a net loss of $18.3 million for the fourth quarter of 2017 compared to net income of $14.0 million for the prior-year period. Net income in the fourth quarter of 2017 included (i) a long-lived asset impairment of $187.1 million related to our Bison Midstream system in the Williston Basin segment and (ii) $145.6 million of non-cash income related to the decrease in the present v
Feb 20, 2018 08:25 am ET
Consolidated Research: 2018 Summary Expectations for AMN Healthcare Services, Heritage Insurance, Summit Midstream Partners, LP, Nordstrom, United Bankshares, and PulteGroup — Fundamental Analysis, Ke
NEW YORK, Feb. 20, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of AMN Healthcare Services Inc (NYSE:AMN), Heritage...
Jan 29, 2018 07:00 am ET
Summit Midstream Partners, LP Announces Open Season for Double E Natural Gas Pipeline Connecting Northern Delaware Basin to Waha Hub
THE WOODLANDS, Texas, Jan. 29, 2018 /PRNewswire/ -- Summit Midstream Partners, LP ("Summit") (NYSE: SMLP) hereby announces that it is holding a non-binding open season ("Open Season") for its Double E Pipeline (referred to herein as "Double E" or "Project"). The Project will provide firm natural gas transportation service from various receipt points in the Delaware Basin to various delivery points in and around the Waha Hub, connecting a growing associated natural gas supply basin to a liquid trading point with multiple current and planned takeaway pipelines to demand centers along the Unit
Jan 25, 2018 03:05 pm ET
Summit Midstream Partners, LP Announces Fourth Quarter 2017 Distribution and Schedules Fourth Quarter 2017 Earnings Call
THE WOODLANDS, Texas, Jan. 25, 2018 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that the board of directors of its general partner, Summit Midstream GP, LLC, has declared a quarterly cash distribution of $0.575 per unit on all of its outstanding common units, or $2.30 per unit on an annualized basis, for the quarter ended December 31, 2017. This quarterly distribution remains unchanged from the previous quarter and from the quarter ended December 31, 2016. This distribution will be paid on February 14, 2018, to unitholders of record as of the close of business
Dec 08, 2017 07:30 am ET
Alerian Index Series December 2017 Index Review
DALLAS, Dec. 8, 2017 /PRNewswire/ -- Alerian announced the results of the December quarterly review for the Alerian Index Series. All changes will be implemented as of the close of business on Friday, December 15, 2017.
Dec 04, 2017 08:10 am ET
Investor Expectations to Drive Momentum within Nordstrom, United Bankshares, PulteGroup, AMN Healthcare Services, Heritage Insurance, and Summit Midstream Partners, LP — Discovering Underlying Factors
NEW YORK, Dec. 04, 2017 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Nordstrom, Inc. (NYSE:JWN), United Bankshares,...
Nov 30, 2017 03:18 pm ET
Summit Midstream Partners, LP Announces Series A Preferred Distribution
THE WOODLANDS, Texas, Nov. 30, 2017 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that the board of directors of its general partner, Summit Midstream GP, LLC, has declared an initial partial-period distribution of $7.9167 per Series A Preferred Unit, which will be payable on December 15, 2017 to holders of record at the close of business on December 1, 2017.
Nov 27, 2017 05:31 pm ET
Summit Midstream Partners, LP to Attend Bank of America Merrill Lynch 2017 Leveraged Finance Conference
THE WOODLANDS, Texas, Nov. 27, 2017 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that Matthew Harrison, Executive Vice President and Chief Financial Officer, will attend the Bank of America Merrill Lynch 2017 Leveraged Finance Conference in Boca Raton, Florida, on Wednesday, November 29, 2017. The related presentation materials associated with this event will be accessible through the Investors section of SMLP's website at www.summitmidstream.com prior to the beginning of the conference on November 29, 2017.
Nov 09, 2017 05:14 pm ET
Summit Midstream Partners, LP Announces Pricing of Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units
THE WOODLANDS, Texas, Nov. 9, 2017 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it has priced an underwritten public offering of 300,000 of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units representing limited partner interests in the Partnership (the "Preferred Units") at a price of $1,000 per unit. Distributions on the Preferred Units will be payable from and including the date of original issue to, but not including, December 15, 2022, at a rate equal to 9.50% per annum of the $1,000 liquidati
Nov 08, 2017 07:29 am ET
Summit Midstream Partners, LP Announces Public Offering of Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units
THE WOODLANDS, Texas, Nov. 8, 2017 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it has commenced, subject to market conditions, an underwritten public offering of Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units representing limited partner interests in the Partnership (the "Preferred Units"). The Partnership intends to use the net proceeds from the offering to repay outstanding borrowings under its revolving credit facility and for general partnership purposes.
Nov 02, 2017 05:20 pm ET
Summit Midstream Partners, LP Reports Third Quarter 2017 Financial Results
THE WOODLANDS, Texas, Nov. 2, 2017 /PRNewswire/ --
Oct 26, 2017 05:39 pm ET
Summit Midstream Partners, LP Announces Third Quarter 2017 Distribution and Schedules Third Quarter 2017 Earnings Call
THE WOODLANDS, Texas, Oct. 26, 2017 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that the board of directors of its general partner, Summit Midstream GP, LLC, has declared a quarterly cash distribution of $0.575 per unit on all of its outstanding common units, or $2.30 per unit on an annualized basis, for the quarter ended September 30, 2017. This quarterly distribution remains unchanged from the previous quarter and from the quarter ended September 30, 2016. This distribution will be paid on November 14, 2017, to unitholders of record as of the close of busin
Oct 02, 2017 11:33 am ET
Summit Midstream Partners, LP to Attend Deutsche Bank's 25th Annual Leveraged Finance Conference
THE WOODLANDS, Texas, Oct. 2, 2017 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that Matthew Harrison, Executive Vice President and Chief Financial Officer, will attend Deutsche Bank's 25th Annual Leveraged Finance Conference in Scottsdale, Arizona, on Tuesday, October 3, 2017. The related presentation materials associated with this event will be accessible through the Investors section of SMLP's website at www.summitmidstream.com prior to the beginning of the conference on October 3, 2017.
Aug 03, 2017 05:05 pm ET
Summit Midstream Partners, LP Reports Second Quarter 2017 Financial Results
THE WOODLANDS, Texas, Aug. 3, 2017 /PRNewswire/ --
Jul 27, 2017 05:10 pm ET
Summit Midstream Partners, LP Announces Second Quarter 2017 Distribution, Revises 2017 Financial Guidance and Schedules Second Quarter 2017 Earnings Call
THE WOODLANDS, Texas, July 27, 2017 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that the board of directors of its general partner, Summit Midstream GP, LLC, has declared a quarterly cash distribution of $0.575 per unit on all of its outstanding common units, or $2.30 per unit on an annualized basis, for the quarter ended June 30, 2017. This quarterly distribution remains unchanged from the previous quarter and from the quarter ended June 30, 2016. This distribution will be paid on August 14, 2017, to unitholders of record as of the close of business on Augus
Jul 07, 2017 10:00 am ET
Summit Midstream Partners, LP Announces New Greenfield Development Project for XTO Energy Inc. in the Delaware Basin
THE WOODLANDS, Texas, July 7, 2017 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that it has executed an agreement with XTO Energy Inc. ("XTO") to develop, own and operate a new associated natural gas gathering and processing system servicing acreage located in the northern Delaware Basin in Eddy and Lea counties in New Mexico.
May 30, 2017 09:33 am ET
Summit Midstream Partners, LP Announces Amendment and Extension of $1.25 Billion Revolving Credit Facility to 2022
THE WOODLANDS, Texas, May 30, 2017 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that its wholly owned subsidiary, Summit Midstream Holdings, LLC, has executed an amendment and extension of its $1.25 billion revolving credit facility. The facility is supported by a syndicate of 20 institutions and provides SMLP with the liquidity and financial flexibility to execute its growth plans and achieve its financing objectives for the foreseeable future.
May 04, 2017 05:10 pm ET
Summit Midstream Partners, LP Reports First Quarter 2017 Financial Results
THE WOODLANDS, Texas, May 4, 2017 /PRNewswire/ --
Apr 27, 2017 05:05 pm ET
Summit Midstream Partners, LP Announces First Quarter 2017 Distribution and Schedules First Quarter 2017 Earnings Call
THE WOODLANDS, Texas, April 27, 2017 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that the board of directors of its general partner, Summit Midstream GP, LLC, has declared a quarterly cash distribution of $0.575 per unit on all of its outstanding common units, or $2.30 per unit on an annualized basis, for the quarter ended March 31, 2017. This quarterly distribution remains unchanged from the previous quarter and from the quarter ended March 31, 2016. This distribution will be paid on May 15, 2017, to unitholders of record as of the close of business on May 8
Feb 28, 2017 09:14 am ET
Summit Midstream Partners, LP Files 2016 Annual Report on Form 10-K and Announces 2016 K-1 Tax Package Availability
THE WOODLANDS, Texas, Feb. 28, 2017 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that it has filed its 2016 Annual Report on Form 10-K with the Securities and Exchange Commission. This report contains SMLP's audited financial statements for the fiscal year ended December 31, 2016. A copy of the report is available for viewing and downloading from the Investors section on SMLP's website at www.summitmidstream.com.
Feb 23, 2017 04:26 pm ET
Summit Midstream Partners, LP Reports Fourth Quarter and Full Year 2016 Financial Results and Reaffirms 2017 Guidance
THE WOODLANDS, Texas, Feb. 23, 2017 /PRNewswire/ --
Feb 14, 2017 07:53 pm ET
Summit Midstream Partners, LP Announces the Expiration of Tender Offer for Any and All of its 7.50% Senior Notes Due 2021
THE WOODLANDS, Texas, Feb. 14, 2017 /PRNewswire/ -- Summit Midstream Holdings, LLC (the "Company") and Summit Midstream Finance Corp. (the "Co-Issuer," and, together with the Company, the "Co-Issuers"), subsidiaries of Summit Midstream Partners, LP (NYSE: SMLP), announced today the results of their previously announced cash tender offer (the "Tender Offer") to purchase any and all of the Issuers' outstanding 7.50% Senior Notes due 2021 (the "Notes"). As of 5:00 p.m., New York City time, on February 14, 2017 (the "Expiration Time"), $276,774,000 aggregate principal amount of the Notes were v
Feb 08, 2017 05:12 pm ET
Summit Midstream Partners, LP Announces Pricing of Senior Notes
THE WOODLANDS, Texas, Feb. 8, 2017 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today the pricing of the previously announced offering by its wholly owned subsidiary, Summit Midstream Holdings, LLC ("Summit Holdings") and Summit Holdings' wholly owned subsidiary, Summit Midstream Finance Corp. ("Finance Corp." and, together with Summit Holdings, the "Issuers") of $500.0 million aggregate principal amount of senior unsecured notes due 2025 (the "notes"). The notes will be issued at par and bear interest at 5.75% per annum, payable semi-annually in arrears, beginning on
Feb 08, 2017 07:48 am ET
Summit Midstream Partners, LP Commences Cash Tender Offer for any and all of its Outstanding 7.50% Senior Notes due 2021
THE WOODLANDS, Texas, Feb. 8, 2017 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today the commencement of an offer to purchase by its wholly owned subsidiaries Summit Midstream Holdings, LLC, a Delaware limited liability company (the "Company"), and Summit Midstream Finance Corp., a Delaware corporation (the "Co-Issuer", and, together with the Company, the "Issuers" or "Summit") for cash any and all of the issuer's outstanding 7.50% Senior Notes due 2021 (the "Notes"). As of February 7, 2017, there was $300.0 million aggregate principal amount of Notes outstanding.
Feb 08, 2017 07:45 am ET
Summit Midstream Partners, LP Announces $500 Million Public Offering of Senior Notes
THE WOODLANDS, Texas, Feb. 8, 2017 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that its wholly owned subsidiary, Summit Midstream Holdings, LLC ("Summit Holdings"), and Summit Holdings' wholly owned subsidiary Summit Midstream Finance Corp. ("Finance Corp." and together with Summit Holdings, the "Issuers"), intend to offer, subject to market and other conditions, $500.0 million in aggregate principal amount of senior unsecured notes due 2025 (the "notes"), pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and
Jan 30, 2017 08:16 pm ET
Summit Midstream Partners, LP Announces Pricing of Secondary Public Offering of Common Units by Summit Midstream Partners Holdings, LLC
THE WOODLANDS, Texas, Jan. 30, 2017 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) today announced the pricing of an underwritten offering of 4,000,000 common units representing limited partner interests in SMLP owned by Summit Midstream Partners Holdings, LLC ("SMP Holdings"), a wholly owned direct subsidiary of SMLP's sponsor, Summit Midstream Partners, LLC, at a public offering price of $24.00 per common unit. SMP Holdings has granted the underwriter a 30-day option to purchase up to 600,000 additional common units at the public offering price, less the underwriting discount.
Jan 30, 2017 04:26 pm ET
Summit Midstream Partners, LP Announces Secondary Public Offering of Common Units by Summit Midstream Partners Holdings, LLC
THE WOODLANDS, Texas, Jan. 30, 2017 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) today announced the commencement of an underwritten public offering of 4,000,000 common units representing limited partner interests in SMLP owned by Summit Midstream Partners Holdings, LLC ("SMP Holdings"), a wholly owned direct subsidiary of SMLP's sponsor, Summit Midstream Partners, LLC. SMP Holdings has granted the underwriter a 30-day option to purchase up to an additional 600,000 common units.
Jan 26, 2017 06:56 pm ET
Summit Midstream Partners, LP Announces Fourth Quarter 2016 Distribution, Schedules Fourth Quarter 2016 Earnings Call and Provides 2017 Financial Guidance
THE WOODLANDS, Texas, Jan. 26, 2017 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that the board of directors of its general partner, Summit Midstream GP, LLC, has declared a quarterly cash distribution of $0.575 per unit on all of its outstanding common units, or $2.30 per unit on an annualized basis, for the quarter ended December 31, 2016. This quarterly distribution remains unchanged from the previous quarter and from the quarter ended December 31, 2015. This distribution will be paid on February 14, 2017, to unitholders of record as of the close of busines
Jan 04, 2017 04:10 pm ET
Summit Midstream Partners, LP to Attend UBS MLP One-on-One Conference
THE WOODLANDS, Texas, Jan. 4, 2017 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that Matthew Harrison, Executive Vice President and Chief Financial Officer, will participate at the UBS MLP One-on-One Conference in Park City, Utah on January 10, 2017 and January 11, 2017. The related presentation materials associated with this event will be accessible through the Investors section of SMLP's website at www.summitmidstream.com prior to the beginning of the conference on January 10, 2017.
Dec 02, 2016 04:05 pm ET
Summit Midstream Partners, LP to Attend 15th Annual Wells Fargo Pipeline, MLP and Utility Symposium
THE WOODLANDS, Texas, Dec. 2, 2016 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that members of its senior management team will participate at the 15th Annual Wells Fargo Pipeline, MLP and Utility Symposium in New York, New York on December 6, 2016 and December 7, 2016. The related presentation materials associated with this event will be accessible through the Investors section of SMLP's website at www.summitmidstream.com prior to the beginning of the conference on December 6, 2016.
Nov 03, 2016 06:21 pm ET
Summit Midstream Partners, LP Reports Third Quarter 2016 Financial Results
THE WOODLANDS, Texas, Nov. 3, 2016 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today its financial and operating results for the three and nine months ended September 30, 2016. SMLP reported net income of $2.0 million for the third quarter of 2016 compared to net income of $3.5 million for the prior-year period. Net cash provided by operations totaled $37.2 million in the third quarter of 2016 compared to $33.1 million in the prior-year period. Adjusted EBITDA totaled $76.5 million and distributable cash flow totaled $55.6 million for the third quarter of 2016 com
Oct 27, 2016 05:15 pm ET
Summit Midstream Partners, LP Announces Third Quarter 2016 Distribution
THE WOODLANDS, Texas, Oct. 27, 2016 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that the board of directors of its general partner, Summit Midstream GP, LLC, has declared a quarterly cash distribution of $0.575 per unit on all of its outstanding common units, or $2.30 per unit on an annualized basis, for the quarter ended September 30, 2016. This quarterly distribution remains unchanged from the previous quarter and from the quarter ended September 30, 2015. This distribution will be paid on November 14, 2016, to unitholders of record as of the close of busin
Oct 20, 2016 06:06 pm ET
Summit Midstream Partners, LP Schedules Third Quarter 2016 Earnings Release & Conference Call
THE WOODLANDS, Texas, Oct. 20, 2016 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that it will report financial results for the third quarter of 2016 on Thursday, November 3, 2016, after the close of trading on the New York Stock Exchange.
Sep 23, 2016 05:37 pm ET
Summit Midstream Partners, LP to Attend the Deutsche Bank 24th Annual Leveraged Finance Conference
THE WOODLANDS, Texas, Sept. 23, 2016 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that Matthew Harrison, Executive Vice President and Chief Financial Officer, will attend the Deutsche Bank 24th Annual Leveraged Finance Conference in Scottsdale, Arizona, on Tuesday, September 27, 2016. The related presentation materials associated with this event will be accessible through the Investors section of SMLP's website at www.summitmidstream.com prior to the beginning of the conference on September 27, 2016.
Sep 06, 2016 09:35 pm ET
Summit Midstream Partners, LP Announces Pricing of Public Offering of Common Units
THE WOODLANDS, Texas, Sept. 6, 2016 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) today announced the pricing of its underwritten public offering of 5,500,000 common units representing limited partner interests in SMLP at a public offering price of $23.20 per common unit. The underwriter has been granted a 30-day option to purchase up to an additional 825,000 common units, less the underwriting discount. The offering is scheduled to close on September 9, 2016, subject to customary closing conditions.
Sep 06, 2016 05:06 pm ET
Summit Midstream Partners, LP Announces Public Offering of Common Units
THE WOODLANDS, Texas, Sept. 6, 2016 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) today announced that it has commenced an underwritten public offering of 5,500,000 common units representing limited partner interests in SMLP pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. The underwriter will be granted a 30-day option to purchase up to an additional 825,000 common units.
Aug 04, 2016 06:14 pm ET
Summit Midstream Partners, LP Reports Second Quarter 2016 Financial Results
THE WOODLANDS, Texas, Aug. 4, 2016 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today its financial and operating results for the three and six months ended June 30, 2016. SMLP reported a net loss of $50.6 million for the second quarter of 2016 compared to a net loss of $2.4 million for the prior year period, primarily due to (i) a loss from equity method investees of $34.5 million related to a $37.8 million impairment charge, net to SMLP, associated with Ohio Gathering's 23 thousand barrel per day ("Mbbl/d") condensate stabilization facility, and (ii) $17.5 million
Jul 21, 2016 06:31 pm ET
Summit Midstream Partners, LP Announces Second Quarter 2016 Distribution
THE WOODLANDS, Texas, July 21, 2016 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that the board of directors of its general partner, Summit Midstream GP, LLC, has declared a quarterly cash distribution of $0.575 per unit on all of its outstanding common units, or $2.30 per unit on an annualized basis, for the quarter ended June 30, 2016. The distribution will be paid on August 12, 2016, to unitholders of record as of the close of business on August 5, 2016.
Jul 20, 2016 05:10 pm ET
Summit Midstream Partners, LP Schedules Second Quarter 2016 Earnings Release & Conference Call
THE WOODLANDS, Texas, July 20, 2016 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that it will report financial results for the second quarter of 2016 on Thursday, August 4, 2016, after the close of trading on the New York Stock Exchange.
Jun 20, 2016 09:30 am ET
Summit Midstream Partners, LP Announces 2016 Analyst Day & Participation at Credit Suisse MLP Energy and Logistics Conference
THE WOODLANDS, Texas, June 20, 2016 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that it will host its 2016 Analyst Day on Wednesday, August 10, 2016 at 8:00 a.m. Eastern at the Fairmont Pittsburgh, located at 510 Market Street, Pittsburgh, PA 15222. The event will include a presentation from members of SMLP's senior management team and will be webcast live via the Investors section of SMLP's website at www.summitmidstream.com. A replay of the 2016 Analyst Day will also be available on SMLP's website.
May 27, 2016 09:42 am ET
Summit Midstream Partners, LP to Present at the 2016 MLPA Investor Conference
THE WOODLANDS, Texas, May 27, 2016 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that members of its senior management team will participate in the Master Limited Partnership Association's 2016 MLP Investor Conference being held in Orlando, Florida on Thursday, June 2, 2016 and Friday, June 3, 2016.
May 05, 2016 06:04 pm ET
Summit Midstream Partners, LP Reports First Quarter 2016 Financial Results
THE WOODLANDS, Texas, May 5, 2016 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today its financial and operating results for the three months ended March 31, 2016. SMLP reported adjusted EBITDA of $70.0 million and adjusted distributable cash flow of $52.7 million for the first quarter of 2016 compared to $61.6 million and $43.0 million, respectively, for the first quarter of 2015. Adjusted EBITDA for the first quarter of 2016 included $1.2 million of transaction expenses related to the 2016 Drop Down transaction, which closed on March 3, 2016. SMLP reported a net
Apr 21, 2016 06:16 pm ET
Summit Midstream Partners, LP Announces First Quarter 2016 Distribution
THE WOODLANDS, Texas, April 21, 2016 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that the board of directors of its general partner, Summit Midstream GP, LLC, has declared a quarterly cash distribution of $0.575 per unit on all of its outstanding common units, or $2.30 per unit on an annualized basis, for the quarter ended March 31, 2016. The distribution will be paid on May 13, 2016 to unitholders of record as of the close of business on May 6, 2016.
Apr 20, 2016 05:40 pm ET
Summit Midstream Partners, LP Schedules First Quarter 2016 Earnings Release & Conference Call
THE WOODLANDS, Texas, April 20, 2016 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that it will report financial results for the first quarter of 2016 on Thursday, May 5, 2016, after the close of trading on the New York Stock Exchange.
Mar 11, 2016 08:30 am ET
Alerian Index Series March 2016 Index Review
DALLAS, March 11, 2016 /PRNewswire/ -- Alerian announced the results of the March quarterly review for the Alerian Index Series. All changes will be implemented as of the close of business on Friday, March 18, 2016.
Mar 07, 2016 04:15 pm ET
Summit Midstream Partners, LP Announces 2015 K-1 Tax Package Availability
THE WOODLANDS, Texas, March 7, 2016 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) today announced that its 2015 tax packages, including the Schedule K-1, are now available online and may be accessed at https://www.partnerdatalink.com/Summit. SMLP began mailing the 2015 tax packages to unitholders on February 29, 2016 and completed the process on March 2, 2016.
Mar 04, 2016 08:50 am ET
Summit Midstream Partners, LP Announces Closing of Drop Down Assets from Summit Investments
THE WOODLANDS, Texas, March 4, 2016 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that on March 3, 2016 (the "Initial Close"), it closed the previously announced drop down acquisition of substantially all of (i) the issued and outstanding membership interests of Summit Utica, Meadowlark Midstream and Tioga Midstream (collectively, the "Contributed Entities"), each limited liability companies and indirect wholly owned subsidiaries of Summit Midstream Partners Holdings, LLC ("SMP Holdings") and (ii) SMP Holdings' 40% joint venture interest in each of Ohio Gathering
Feb 29, 2016 04:30 pm ET
Summit Midstream Partners, LP Files 2015 Annual Report on Form 10-K
THE WOODLANDS, Texas, Feb. 29, 2016 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that it has filed its 2015 Annual Report on Form 10-K with the Securities and Exchange Commission. This report contains SMLP's audited financial statements for the fiscal year ended December 31, 2015. A copy of the report is available for viewing and downloading from the Investors section on SMLP's website at www.summitmidstream.com.
Feb 25, 2016 04:21 pm ET
Summit Midstream Partners, LP Announces Drop Down of All Operating Assets from Summit Investments and Reports Fourth Quarter and Full Year 2015 Financial Results
THE WOODLANDS, Texas, Feb. 25, 2016 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that it has entered into an agreement with a wholly owned subsidiary of Summit Midstream Partners, LLC ("Summit Investments"), to acquire all of the issued and outstanding membership interests of Summit Utica, Meadowlark Midstream, and Tioga Midstream. In addition, SMLP will acquire Summit Investments' 40.0% equity interest in each of Ohio Gathering and Ohio Condensate. The total transaction is estimated at $1.2 billion with consideration structured as a $360.0 million Initial Pay
Feb 11, 2016 07:00 am ET
Summit Midstream Partners, LP Schedules Fourth Quarter and Full Year 2015 Earnings Release & Conference Call
THE WOODLANDS, Texas, Feb. 11, 2016 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that it will report financial results for the fourth quarter and full year of 2015 on Thursday, February 25, 2016, after the close of trading on the New York Stock Exchange.
Feb 09, 2016 04:15 pm ET
Summit Midstream Partners, LP Announces Start-Up of Crude Oil Transmission Pipeline Systems in Bakken Shale Play in North Dakota
THE WOODLANDS, Texas, Feb. 9, 2016 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that it has commenced operations of the Stampede Lateral crude oil transmission pipeline in North Dakota and is currently in the final stages of completing the nearby Little Muddy crude oil transmission pipeline, which includes an interconnect with Enbridge's North Dakota Pipeline System. These crude oil development projects provide customers on the Polar & Divide gathering system with two new delivery points and enhanced optionality to access additional downstream markets via r
Jan 25, 2016 08:00 am ET
Summit Midstream Partners, LP to Attend U.S. Capital Advisors Midstream Corporate Access Day
THE WOODLANDS, Texas, Jan. 25, 2016 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that members of its senior management team will participate at U.S. Capital Advisors' Midstream Corporate Access Day on January 26, 2016. The related presentation materials associated with this event will be accessible through the Investors section of SMLP's website at www.summitmidstream.com prior to the beginning of the conference on January 26, 2016.
Jan 21, 2016 04:10 pm ET
Summit Midstream Partners, LP Announces Fourth Quarter 2015 Distribution
THE WOODLANDS, Texas, Jan. 21, 2016 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that the board of directors of its general partner, Summit Midstream GP, LLC, has declared a quarterly cash distribution of $0.575 per unit on all of its outstanding common and subordinated units, or $2.30 per unit on an annualized basis, for the quarter ended December 31, 2015. The distribution will be paid on February 12, 2016 to unitholders of record as of the close of business on February 5, 2016.
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