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Summit Midstream (SMLP)

(Delayed Data from NYSE)

$28.99 USD

28.99
27,558

+0.97 (3.46%)

Updated Apr 26, 2024 04:00 PM ET

After-Market: $28.82 -0.17 (-0.59%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

NA Value NA Growth NA Momentum NA VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 34% (167 out of 252)

Industry: Oil and Gas - Production Pipeline - MLB

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Balance Sheet

Research for SMLP

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Summit Midstream Partners, LP falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 17 14 20 16 32
Receivables 76 75 62 62 102
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 6 9 6 5 5
Total Current Assets 98 98 87 82 139
Net Property & Equipment 1,699 1,719 1,726 1,818 1,882
Investments & Advances 486 507 523 393 310
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 176 199 173 200 232
Deposits & Other Assets 35 38 13 8 10
Total Assets 2,494 2,560 2,522 2,500 2,573
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 23 14 11 12 25
Current Portion Long-Term Debt 16 11 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 67 62 46 32 26
Income Taxes Payable 9 10 9 9 8
Other Current Liabilities 21 21 14 15 25
Total Current Liabilities 134 118 79 68 84
Mortgages 0 0 0 0 0
Deferred Taxes/Income 30 38 43 48 39
Convertible Debt 0 0 0 0 0
Long-Term Debt 1,455 1,480 1,355 1,347 1,470
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 32 41 35 23 189
Minority Interest (Liabilities) 125 119 106 90 27
Total Liabilities 1,776 1,795 1,618 1,577 1,810
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 97 85 170 174 294
Common Stock (Par) 622 679 735 748 470
Capital Surplus 0 0 0 0 0
Retained Earnings 0 0 0 0 0
Other Equity 0 0 0 0 0
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 719 765 904 923 764
Total Liabilities & Shareholder's Equity 2,494 2,560 2,522 2,500 2,573
Total Common Equity 622 679 735 748 470
Shares Outstanding 10.30 10.10 7.10 6.10 6.20
Book Value Per Share 60.36 67.28 103.46 122.70 75.79

Fiscal Year End for Summit Midstream Partners, LP falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 17 19 15 23
Receivables NA 76 79 60 63
Notes Receivable NA 0 0 0 0
Inventories NA 0 0 0 0
Other Current Assets NA 6 3 7 8
Total Current Assets NA 98 101 83 94
Net Property & Equipment NA 1,699 1,695 1,704 1,712
Investments & Advances NA 486 492 498 505
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles NA 176 182 188 194
Deposits & Other Assets NA 35 39 39 40
Total Assets NA 2,494 2,510 2,513 2,545
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 23 16 15 22
Current Portion Long-Term Debt NA 16 14 13 12
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 67 84 53 74
Income Taxes Payable NA 9 8 6 3
Other Current Liabilities NA 21 21 24 21
Total Current Liabilities NA 134 143 110 132
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 30 31 32 37
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 1,455 1,441 1,475 1,466
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 36 40 43
Minority Interest (Liabilities) NA 125 123 121 119
Total Liabilities NA 1,776 1,774 1,779 1,796
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 97 94 91 88
Common Stock (Par) NA 622 642 644 662
Capital Surplus NA 0 0 0 0
Retained Earnings NA 0 0 0 0
Other Equity NA 0 0 0 0
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 719 736 734 750
Total Liabilities & Shareholder's Equity NA 2,494 2,510 2,513 2,545
Total Common Equity 0 622 642 644 662
Shares Outstanding 10.40 10.30 10.30 10.30 10.10
Book Value Per Share 0.00 60.36 62.35 62.48 65.52