Summit Midstream Partners (SMLP) Misses Q1 EPS by 36c

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Go back to Summit Midstream Partners (SMLP) Misses Q1 EPS by 36c

Summit Midstream Partners, LP Reports First Quarter 2016 Financial Results

May 5, 2016 5:05 PM EDT

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 loss of $3.7 million for the first quarter of 2016 compared to a... More