Summit Midstream Partners LP (SMLP) 24.91 $SMLP
Summit Midstream Partners, LP Reports Second Quarter 2016 Financial Results
PR Newswire - Thu Aug 04, 4:14PM CDT
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 of non-cash accretion expense related to the deferred purchase price obligation associated with the 2016 Drop Down transaction. Net cash provided by operations totaled $64.7 million in the second quarter of 2016, compared to $57.3 million in the prior year period. Adjusted EBITDA totaled $72.4 million and adjusted distributable cash flow totaled $51.1 million for the second quarter of 2016 compared to $61.9 million and $45.7 million, respectively, for the prior year period.
SMLP: 24.91 (+0.31)
ONEOK Partners (OKS) Tops Q2 Earnings, Revenues Up Y/Y
Zacks Equity Research - Zacks Investment Research - Wed Aug 03, 8:47AM CDT
ONEOK Partners, L.P. (OKS) reported second-quarter 2016 earnings of 54 cents per unit, beating the Zacks Consensus Estimate of 53 cents by 1.9%.
RRMS: 25.21 (+0.48), BPL: 70.43 (+0.54), OKS: 39.29 (+0.30), SMLP: 24.91 (+0.31)
Summit Midstream Partners, LP Announces 2016 Analyst Day & Participation at Credit Suisse MLP Energy and Logistics Conference
PR Newswire - Mon Jun 20, 7:30AM CDT
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.
SMLP: 24.91 (+0.31)
Summit Midstream Partners, LP to Present at the 2016 MLPA Investor Conference
PR Newswire - Fri May 27, 7:42AM CDT
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.
SMLP: 24.91 (+0.31)
Summit Midstream Partners, LP Reports First Quarter 2016 Financial Results
PR Newswire - Thu May 05, 4:04PM CDT
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 net loss of $2.5 million for the first quarter of 2015.
SMLP: 24.91 (+0.31)
Enterprise Product Partners (EPD) Q1 Earnings Top, Up Y/Y
Zacks Equity Research - Zacks Investment Research - Mon May 02, 9:28AM CDT
EnterpriseProducts Partners L.P. (EPD) reported first-quarter 2016 adjusted earnings per limited partner unit of 33 cents, which beat the Zacks Consensus Estimate of 32 cents.
ENBL: 14.25 (+0.01), EPD: 26.82 (+0.30), JPEP: 7.72 (+0.29), SMLP: 24.91 (+0.31)
3 Dividend Stocks That Are Yield Traps
Tyler Crowe, The Motley Fool - Motley Fool - Sat Apr 23, 10:45AM CDT
Image source: Smhenry87 via commons.wikimedia.org. For dividend investors, there is nothing worse than buying into high-yield stocks that are subsequently cut. While there are some companies with high yields that can make for decent investments,...
GLOG: 14.00 (+0.33), GLOP: 20.33 (+0.21), PAA: 28.41 (+0.36), SMLP: 24.91 (+0.31)
Summit Midstream Partners, LP Announces First Quarter 2016 Distribution
PR Newswire - Thu Apr 21, 4:16PM CDT
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.
SMLP: 24.91 (+0.31)
Summit Midstream Partners, LP Schedules First Quarter 2016 Earnings Release & Conference Call
PR Newswire - Wed Apr 20, 3:40PM CDT
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.
SMLP: 24.91 (+0.31)
Can The Uptrend Continue for with Summit Midstream Partners (SMLP)?
Zacks Equity Research - Zacks Investment Research - Wed Apr 13, 7:05AM CDT
Investors certainly have to be happy with Summit Midstream Partners, LP (SMLP) and its short term performance
SMLP: 24.91 (+0.31)
Increased Earnings Estimates Seen for Summit Midstream Partners (SMLP): Can It Move Higher?
Zacks Equity Research - Zacks Investment Research - Thu Apr 07, 7:38AM CDT
Positive earnings estimate revisions, coupled with impressive Zacks Rank has made Summit Midstream Partners (SMLP) an interesting choice for the investors.
SMLP: 24.91 (+0.31)
Plains all American's Buyouts & Divestments to Drive Growth
Zacks Equity Research - Zacks Investment Research - Tue Apr 05, 9:50AM CDT
Plains All American (PAA) has updated its 2016 divestiture program and announced that its subsidiary will acquire Westcoast Energy's Canadian NGL business for nearly $150 million.
SE: 36.15 (+0.54), PBFX: 20.58 (+0.36), PAA: 28.41 (+0.36), SMLP: 24.91 (+0.31)
Summit Midstream Partners, LP Announces Start-Up of Crude Oil Transmission Pipeline Systems in Bakken Shale Play in North Dakota
PR Newswire - Tue Feb 09, 3:15PM CST
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 rail and pipeline infrastructure. Prior to the commissioning these projects, crude oil on the Polar & Divide system was delivered exclusively to the Colt Hub rail terminal in Epping, North Dakota.
SMLP: 24.91 (+0.31)
Pioneer Natural (PXD): What Awaits This Earnings Season?
Zacks Equity Research - Zacks Investment Research - Tue Feb 09, 9:40AM CST
Pioneer Natural Resources Company (PXD) is expected to report fourth-quarter 2015 results on Feb 10.
PXD: 183.71 (+3.49), RIG: 9.63 (+0.08), EEP: 24.00 (+0.62), SMLP: 24.91 (+0.31)
Plains All American Misses on Q4 Earnings and Revenues
Zacks Equity Research - Zacks Investment Research - Tue Feb 09, 8:00AM CST
Plains All American's earnings per unit and total revenues in the fourth quarter missed the Zacks Consensus Estimate.
RRMS: 25.21 (+0.48), PAA: 28.41 (+0.36), TCP: 52.39 (+0.03), SMLP: 24.91 (+0.31)
Energy XXI (EXXI): What to Expect This Earnings Season?
Zacks Equity Research - Zacks Investment Research - Thu Feb 04, 2:40PM CST
Energy XXI Ltd. (EXXI) is expected to release second-quarter fiscal 2016 results on Monday, Feb 8.
EXXI: 0.13 (-0.01), RIG: 9.63 (+0.08), EEP: 24.00 (+0.62), SMLP: 24.91 (+0.31)
Magellan Midstream (MMP) to Beat on Q4 Earnings: Here's Why
Zacks Equity Research - Zacks Investment Research - Wed Feb 03, 12:55PM CST
We expect Magellan Midstream Partners L.P. (MMP) to beat expectations when it reports fourth-quarter 2015 results before the opening bell on Thursday, Feb 4.
ETE: 17.84 (+0.03), EEP: 24.00 (+0.62), MMP: 70.81 (+0.28), SMLP: 24.91 (+0.31)
NuStar Energy's Q4 Earnings Beat, Revenues Miss Estimate
Zacks Equity Research - Zacks Investment Research - Tue Feb 02, 11:00AM CST
NuStar Energy L.P. (NS) reported strong fourth-quarter 2015 earnings on the back of higher contribution from the pipeline segment.
SEP: 45.45 (+0.03), NS: 47.91 (+0.01), ENLK: 18.43 (+0.71), SMLP: 24.91 (+0.31)
BP Misses Earnings Estimates in Q4, Revenues Fall Y/Y
Zacks Equity Research - Zacks Investment Research - Tue Feb 02, 8:10AM CST
BP plc (BP) reported fourth-quarter 2015 adjusted earnings of 6 cents per American Depositary Share (ADS) on a replacement cost basis, excluding non-operating items.
SEP: 45.45 (+0.03), BP: 34.50 (+0.84), ENLK: 18.43 (+0.71), SMLP: 24.91 (+0.31)
Summit Midstream Partners, LP Reports Second Quarter 2016 Financial Results
PR Newswire - Thu Aug 04, 4:14PM CDT
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 of non-cash accretion expense related to the deferred purchase price obligation associated with the 2016 Drop Down transaction. Net cash provided by operations totaled $64.7 million in the second quarter of 2016, compared to $57.3 million in the prior year period. Adjusted EBITDA totaled $72.4 million and adjusted distributable cash flow totaled $51.1 million for the second quarter of 2016 compared to $61.9 million and $45.7 million, respectively, for the prior year period. SMLP: 24.91 (+0.31)
ONEOK Partners (OKS) Tops Q2 Earnings, Revenues Up Y/Y
Zacks Equity Research - Zacks Investment Research - Wed Aug 03, 8:47AM CDT
ONEOK Partners, L.P. (OKS) reported second-quarter 2016 earnings of 54 cents per unit, beating the Zacks Consensus Estimate of 53 cents by 1.9%.
RRMS: 25.21 (+0.48), BPL: 70.43 (+0.54), OKS: 39.29 (+0.30), SMLP: 24.91 (+0.31)
Summit Midstream Partners, LP Announces 2016 Analyst Day & Participation at Credit Suisse MLP Energy and Logistics Conference
PR Newswire - Mon Jun 20, 7:30AM CDT
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.
SMLP: 24.91 (+0.31)
Summit Midstream Partners, LP to Present at the 2016 MLPA Investor Conference
PR Newswire - Fri May 27, 7:42AM CDT
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.
SMLP: 24.91 (+0.31)
Summit Midstream Partners, LP Reports First Quarter 2016 Financial Results
PR Newswire - Thu May 05, 4:04PM CDT
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 net loss of $2.5 million for the first quarter of 2015.
SMLP: 24.91 (+0.31)
Enterprise Product Partners (EPD) Q1 Earnings Top, Up Y/Y
Zacks Equity Research - Zacks Investment Research - Mon May 02, 9:28AM CDT
EnterpriseProducts Partners L.P. (EPD) reported first-quarter 2016 adjusted earnings per limited partner unit of 33 cents, which beat the Zacks Consensus Estimate of 32 cents.
ENBL: 14.25 (+0.01), EPD: 26.82 (+0.30), JPEP: 7.72 (+0.29), SMLP: 24.91 (+0.31)
3 Dividend Stocks That Are Yield Traps
Tyler Crowe, The Motley Fool - Motley Fool - Sat Apr 23, 10:45AM CDT
Image source: Smhenry87 via commons.wikimedia.org. For dividend investors, there is nothing worse than buying into high-yield stocks that are subsequently cut. While there are some companies with high yields that can make for decent investments,...
GLOG: 14.00 (+0.33), GLOP: 20.33 (+0.21), PAA: 28.41 (+0.36), SMLP: 24.91 (+0.31)
Summit Midstream Partners, LP Announces First Quarter 2016 Distribution
PR Newswire - Thu Apr 21, 4:16PM CDT
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.
SMLP: 24.91 (+0.31)
Summit Midstream Partners, LP Schedules First Quarter 2016 Earnings Release & Conference Call
PR Newswire - Wed Apr 20, 3:40PM CDT
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.
SMLP: 24.91 (+0.31)
Can The Uptrend Continue for with Summit Midstream Partners (SMLP)?
Zacks Equity Research - Zacks Investment Research - Wed Apr 13, 7:05AM CDT
Investors certainly have to be happy with Summit Midstream Partners, LP (SMLP) and its short term performance
SMLP: 24.91 (+0.31)
Increased Earnings Estimates Seen for Summit Midstream Partners (SMLP): Can It Move Higher?
Zacks Equity Research - Zacks Investment Research - Thu Apr 07, 7:38AM CDT
Positive earnings estimate revisions, coupled with impressive Zacks Rank has made Summit Midstream Partners (SMLP) an interesting choice for the investors.
SMLP: 24.91 (+0.31)
Plains all American's Buyouts & Divestments to Drive Growth
Zacks Equity Research - Zacks Investment Research - Tue Apr 05, 9:50AM CDT
Plains All American (PAA) has updated its 2016 divestiture program and announced that its subsidiary will acquire Westcoast Energy's Canadian NGL business for nearly $150 million.
SE: 36.15 (+0.54), PBFX: 20.58 (+0.36), PAA: 28.41 (+0.36), SMLP: 24.91 (+0.31)
Summit Midstream Partners, LP Announces Start-Up of Crude Oil Transmission Pipeline Systems in Bakken Shale Play in North Dakota
PR Newswire - Tue Feb 09, 3:15PM CST
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 rail and pipeline infrastructure. Prior to the commissioning these projects, crude oil on the Polar & Divide system was delivered exclusively to the Colt Hub rail terminal in Epping, North Dakota.
SMLP: 24.91 (+0.31)
Pioneer Natural (PXD): What Awaits This Earnings Season?
Zacks Equity Research - Zacks Investment Research - Tue Feb 09, 9:40AM CST
Pioneer Natural Resources Company (PXD) is expected to report fourth-quarter 2015 results on Feb 10.
PXD: 183.71 (+3.49), RIG: 9.63 (+0.08), EEP: 24.00 (+0.62), SMLP: 24.91 (+0.31)
Plains All American Misses on Q4 Earnings and Revenues
Zacks Equity Research - Zacks Investment Research - Tue Feb 09, 8:00AM CST
Plains All American's earnings per unit and total revenues in the fourth quarter missed the Zacks Consensus Estimate.
RRMS: 25.21 (+0.48), PAA: 28.41 (+0.36), TCP: 52.39 (+0.03), SMLP: 24.91 (+0.31)
Energy XXI (EXXI): What to Expect This Earnings Season?
Zacks Equity Research - Zacks Investment Research - Thu Feb 04, 2:40PM CST
Energy XXI Ltd. (EXXI) is expected to release second-quarter fiscal 2016 results on Monday, Feb 8.
EXXI: 0.13 (-0.01), RIG: 9.63 (+0.08), EEP: 24.00 (+0.62), SMLP: 24.91 (+0.31)
Magellan Midstream (MMP) to Beat on Q4 Earnings: Here's Why
Zacks Equity Research - Zacks Investment Research - Wed Feb 03, 12:55PM CST
We expect Magellan Midstream Partners L.P. (MMP) to beat expectations when it reports fourth-quarter 2015 results before the opening bell on Thursday, Feb 4.
ETE: 17.84 (+0.03), EEP: 24.00 (+0.62), MMP: 70.81 (+0.28), SMLP: 24.91 (+0.31)
NuStar Energy's Q4 Earnings Beat, Revenues Miss Estimate
Zacks Equity Research - Zacks Investment Research - Tue Feb 02, 11:00AM CST
NuStar Energy L.P. (NS) reported strong fourth-quarter 2015 earnings on the back of higher contribution from the pipeline segment.
SEP: 45.45 (+0.03), NS: 47.91 (+0.01), ENLK: 18.43 (+0.71), SMLP: 24.91 (+0.31)
BP Misses Earnings Estimates in Q4, Revenues Fall Y/Y
Zacks Equity Research - Zacks Investment Research - Tue Feb 02, 8:10AM CST
BP plc (BP) reported fourth-quarter 2015 adjusted earnings of 6 cents per American Depositary Share (ADS) on a replacement cost basis, excluding non-operating items.
SEP: 45.45 (+0.03), BP: 34.50 (+0.84), ENLK: 18.43 (+0.71), SMLP: 24.91 (+0.31)
