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

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/28/2026

1. ORCL
2. AVGO
3. CDNS
4. ANT
5. SPY
6. META
7. BA
8. INTC
9. JBLU
10. HOOD

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