Summit Midstream Partners, LP Reports Second Quarter 2019 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/12/2026
- S&P 500 ends higher as strong inflation data cements rate-hike bets
- Oracle raises full year profit guidance, stock rises after hours
- Oil falls but head for 8% weekly gain on tight supply; US diesel hits record
- 'No panic anywhere' may be the problem, BofA strategists warn
- Buy Shopify stock at this ’AI-enabled entry point,’ analyst says
- S&P 500 ends higher as strong inflation data cements rate-hike bets
- Dell shares surge on record AI server bookings
- 'No panic anywhere' may be the problem, BofA strategists warn
- Kroger cuts same-store sales outlook, keeps earnings guidance
- AstraZeneca's camizestrant fails primary endpoint in breast cancer trial
- After-Hours Movers: ORCL, CRWV, ADBE, ACVA, CPRT, ZUMZ, PMTS, RH
- After-Hours Movers: COO, AEO, NAVN, AVAV, TORO
- After-Hours Movers: LULU, IOT, PATH, DOCU, ASAN, GWRE, ZS, PL, SWBI, OXM
- After-Hours Movers: AVGO, SNOW, HPE, NTAP, NTSK, CHPT, FIVE, TLYS, PVH, RARE
- After-Hours Movers: DELL, PANW, GTLB, CRDO, MDB, HPE, SMCI
Summit Midstream Partners (SMLP) Misses Q2 EPS by 17c, Revenues Miss
August 9, 2019 7:06 AM EDTSummit Midstream Partners (NYSE: SMLP) reported Q2 EPS of ($0.03), $0.17 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $99.69 million versus the consensus estimate of $110.02 million.
Second quarter 2019 net income of $4.8 millionSecond quarter 2019 adjusted EBITDA of $68.6 million, Distributable Cash Flow of $38.4 million, and a distribution coverage ratio of 1.62xSequential quarterly adjusted EBITDA growth of 7.6% from combined Utica Shale and Ohio Gathering segmentsAnnounced FID and JV partner for Double E Pipeline, which has secured 10-year take-or-pay volume commitments for a substantial majority of its 1.35 Bcf/d of throughput... More