Summit Midstream Partners LP chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 36.78
Dividend & YieldN/A$ (N/A)
Beta 2.46
Market capitalization 176.97M
Operating cash flow N/A
ESG Scores unknown

Company description

Summit Midstream Partners, LP focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. The company provides natural gas gathering, compression, treating, and processing services, as well as crude oil and produced water gathering services. Its unconventional resource basins include the Utica and Point Pleasant shale formations in southeastern Ohio; the Williston Basin that consists of the Bakken and Three Forks shale formations in northwestern North Dakota; the Denver-Julesburg Basin, which include the Niobrara and Codell shale formations in Colorado; the Permian Basin that comprise the Bone Spring and Wolfcamp shale formations in New Mexico; the Piceance Basin, which include the Mesaverde formation, and the Mancos and Niobrara shale formations in western Colorado; the Barnett Shale formation in north-central Texas; and the Marcellus Shale formation in northern West Virginia. The company also owns an ownership interest in Ohio Gathering, which owns and operates natural gas gathering and condensate stabilization facility in the Utica Shale in southeastern Ohio. It serves natural gas and crude oil producers. Summit Midstream GP, LLC operates as a general partner of the company. The company was founded in 2009 and is headquartered in Houston, Texas.

Sector: Energy - Industry: Oil & Gas Midstream

Financial Ratios
Quick Ratio1.1
Working Capital-2.45
Return On Equity-0.03
Debt To Equity1.84
Fixed Asset Ratio0.07
Fixed Interest Cover1.03

Financial data

Financial Statements

Cashflow Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Change To Liabilities 1.59M 1.97M -5.38M -3.83M
Total Cashflows From Investing Activities -90.87M -140.57M -165.73M -226.56M
Net Borrowings 145.75M -45.9M 25.45M 142.72M
Total Cash From Financing Activities -50.12M -79.4M 4.66M 121.77M
Change To Operating Activities -20.13M 12.69M 11.43M -9.99M
Issuance Of Stock
Net Income -184.45M 192.35M -19.95M -123.46M
Change In Cash 20.75M -21.38M 4.03M -6.04M
Effect Of Exchange Rate
Total Cash From Operating Activities 161.74M 198.59M 165.1M 98.74M
Depreciation 111.57M 119.07M 120M 119.99M
Change To Account Receivables -5.47M 35.35M -178k 284k
Other Cashflows From Financing Activities -46.64M 33.28M -20.8M -20.95M
Change To Netincome 252.31M -169.46M 52.17M 106.42M
Capital Expenditures -182.29M -43.13M -25.03M -30.47M

Income Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Research Development
Income Before Tax -392.5M 188.93M -20.28M -123.14M
Net Income -184.45M 192.35M -19.95M -123.46M
Selling General Administrative 50.99M 64.34M 59.17M 44.94M
Gross Profit 282.59M 261.73M 245.41M 209.55M
Ebit 120.02M 78.32M 67.23M 44.62M
Operating Income 120.02M 78.32M 67.23M 44.62M
Interest Expense -91.97M -78.89M -66.16M -86.05M
Income Tax Expense 1.23M -146k -327k 325k
Total Revenue 444.75M 384.41M 401.56M 370.53M
Cost Of Revenue 162.16M 122.68M 156.15M 160.98M
Total Other Income ExpenseNet -512.52M 110.61M -87.5M -167.75M
Net Income From Continuing Ops -393.73M 189.08M -19.95M -123.46M
Net Income Applicable To Common Shares -213.01M 262.99M -44.29M -127.68M

Balance Sheet Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Total Liabilities 1.76B 1.49B 1.51B 1.68B
Total Stockholder Equity 305.55M 748.47M 734.59M 679.49M
Other Current Liabilities 14.51M 12.44M 17.5M 24.44M
Total Assets 2.57B 2.5B 2.52B 2.56B
Common Stock 305.55M 748.47M 734.59M 679.49M
Other Current Assets 32.91M 4.62M 17.9M 10.45M
Retained Earnings
Treasury Stock
Cash 9.53M 15.54M 7.35M 11.81M
Total Current Liabilities 89.55M 68.41M 79.24M 117.89M
Other Stockholder Equity
Property, Plant, and Equipment 1.88B 1.82B 1.73B 1.73B
Total Current Assets 139.86M 82.1M 87.37M 97.54M
Net Tangible Assets 73.27M 548.9M 561.67M 480.77M
Net Receivables 97.42M 61.93M 62.12M 75.29M
Accounts Payable 24.41M 11.88M 10.5M 14.05M


Insider Transactions

Here are the insider transactions of stock shares related to Summit Midstream Partners LP:

Filer Name Transaction Text Ownership Date Filer Relation Shares
JOHNSTON JAMES DAVIDSale at price 17.85 per share.D2022-12-15Officer1.57k
JOHNSTON JAMES DAVIDSale at price 19.00 per share.D2022-10-24Officer1.56k
MAULT WILLIAM JD2022-10-18Officer2.33k
JOHNSTON JAMES DAVIDSale at price 17.00 - 19.00 per share.D2022-10-17Officer1.59k
JOHNSTON JAMES DAVIDSale at price 17.00 per share.D2022-09-20Officer2
DENEKE J HEATHD2022-09-16Officer and Director17.16k
JOHNSTON JAMES DAVIDSale at price 17.00 per share.D2022-08-11Officer1.57k
JOHNSTON JAMES DAVIDD2022-03-31Officer16.67k
PETERS JERRY LStock Award(Grant) at price 0.00 per share.D2022-03-15Director6.44k
CLEARY JAMES JStock Award(Grant) at price 0.00 per share.D2022-03-15Affiliated Person6.44k
MCNALLY ROBERT JOSEPHStock Award(Grant) at price 0.00 per share.D2022-03-15Affiliated Person6.44k
DENEKE J HEATHD2022-03-15Officer and Director61.29k
WOUNG-CHAPMAN MARGUERITEStock Award(Grant) at price 0.00 per share.D2022-03-15Director6.44k
JACOBE JAMES LEEStock Award(Grant) at price 0.00 per share.D2022-03-15Director6.44k
JOHNSTON JAMES DAVIDD2022-03-15Officer8.36k
MAULT WILLIAM JD2022-03-15Chief Financial Officer2.7k
SICINSKI MATTHEW B.D2022-03-15Officer3.8k
OATES ROMMEL M.Stock Award(Grant) at price 0.00 per share.D2022-03-15Director6.44k
STRATTON MARC DAVIDD2022-03-04Officer46.66k
DENEKE J HEATHD2021-09-16Officer and Director17.16k
JOHNSTON JAMES DAVIDD2021-03-31Officer16.67k
WOHLEBER ROBERT MStock Award(Grant) at price 0.00 per share.D2021-03-15Affiliated Person6.67k
PETERS JERRY LStock Award(Grant) at price 0.00 per share.D2021-03-15Affiliated Person6.67k
CLEARY JAMES JStock Award(Grant) at price 0.00 per share.D2021-03-15Affiliated Person6.67k
MCNALLY ROBERT JOSEPHStock Award(Grant) at price 0.00 per share.D2021-03-15Affiliated Person6.67k
DENEKE J HEATHD2021-03-15Officer and Director36.29k
WOUNG-CHAPMAN MARGUERITEStock Award(Grant) at price 0.00 per share.D2021-03-15Affiliated Person6.67k
STRATTON MARC DAVIDD2021-03-15Officer10.1k
JACOBE JAMES LEEStock Award(Grant) at price 0.00 per share.D2021-03-15Affiliated Person6.67k
DENEKE J HEATHD2020-09-16Officer and Director257.4k
PETERS JERRY LD2020-07-10Director14.2k
CLEARY JAMES JStock Award(Grant) at price 0.00 per share.D2020-06-05Director62.5k
MCNALLY ROBERT JOSEPHStock Award(Grant) at price 0.00 per share.D2020-06-05Director62.5k
WOUNG-CHAPMAN MARGUERITEStock Award(Grant) at price 0.00 per share.D2020-06-05Officer and Director62.5k
WOHLEBER ROBERT MStock Award(Grant) at price 0.00 per share.D2020-03-23Director183.15k
PETERS JERRY LStock Award(Grant) at price 0.00 per share.D2020-03-23Director183.15k
JACOBE JAMES LEEStock Award(Grant) at price 0.00 per share.D2020-03-23Director183.15k
MALLETT LEONARD WAYNED2020-03-13Chief Operating Officer46.19k
DEGEYTER BROCK MD2020-03-13Officer45.33k
MATTHEWS LOUISE ED2020-03-13Affiliated Person24.7k
STRATTON MARC DAVIDD2020-03-13Affiliated Person27.63k
SUMMIT MIDSTREAM PARTNERS L L CStock Award(Grant) at price 0.00 per share.I2019-11-15Beneficial Owner of more than 10% of a Class of Security10.71M
ENERGY CAPITAL PARTNERS II, L.L.C.Stock Award(Grant) at price 0.00 per share.I2019-11-15Beneficial Owner of more than 10% of a Class of Security10.71M
JACOBE JAMES LEEStock Award(Grant) at price 0.00 per share.D2019-05-14Director9.58k
SUMMIT MIDSTREAM PARTNERS L L CStock Award(Grant) at price 0.00 per share.I2019-03-22Beneficial Owner of more than 10% of a Class of Security8.75M
ENERGY CAPITAL PARTNERS II, L.L.C.Stock Award(Grant) at price 0.00 per share.I2019-03-22Beneficial Owner of more than 10% of a Class of Security8.75M
WOHLEBER ROBERT MStock Award(Grant) at price 0.00 per share.D2019-03-15Affiliated Person8.18k
PETERS JERRY LStock Award(Grant) at price 0.00 per share.D2019-03-15Affiliated Person8.18k
MALLETT LEONARD WAYNED2019-03-15Officer37.53k
GRAVES BRAD N.D2019-03-15Officer38.65k
DEGEYTER BROCK MD2019-03-15Officer38.65k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Summit Midstream Partners LP. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Summit Midstream Partners LP

Here is the result of two systematic investment strategies applied to Summit Midstream Partners LP. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Summit Midstream Partners LP

The following chart shows the equity curve of the two systematic investment strategies applied to Summit Midstream Partners LP:

Summit Midstream Partners LP automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 9.56% on the backtest period.

Performance at glance

Performance

9.56 %

Latent gain

216.24 $

Invested capital

2262.36 $

Annualized return

2.31 %
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Momentum strategy results on Summit Midstream Partners LP

This is the result of two momentum investment strategies applied to Summit Midstream Partners LP. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Summit Midstream Partners LP

The following chart shows all the entries opened by the momentum investment system on Summit Midstream Partners LP:

Summit Midstream Partners LP momentum entries
  • The first momentum investment strategy would give 61.59% of return on Summit Midstream Partners LP. That represents 2347.91$ of latent gain with 3812.14$ of employed capital.
  • The second momentum investment strategy would give 13.98% of return on Summit Midstream Partners LP. That represents 406.91$ of latent gain with 2910.04$ of employed capital.
Performance at glance (1Q Momentum)

Performance

61.59 %

Latent gain

2347.91 $

Invested capital

3812.14 $

Annualized return

0.0 %
Performance at glance (2Q Momentum)

Performance

13.98 %

Latent gain

406.91 $

Invested capital

2910.04 $

Annualized return

3.82 %

Momentum equity curve on Summit Midstream Partners LP

The following chart shows the equity curve of the two momentum strategies applied to Summit Midstream Partners LP:

Summit Midstream Partners LP momentum equity

Note: the dividends potentially given by Summit Midstream Partners LP are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Summit Midstream Partners LP

The following chart shows the employed capital evolution of the two momentum strategies on Summit Midstream Partners LP since the beginning:

Summit Midstream Partners LP

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Summit Midstream Partners LP

Buy the dip entry openings on Summit Midstream Partners LP

Summit Midstream Partners LP

The performance achieved by the robo-advisor on Summit Midstream Partners LP is 0%. That represents 0.0$ of latent gain with 0.0$ of employed capital. The following chart shows Summit Midstream Partners LP stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Summit Midstream Partners LP, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 $

Invested capital

0.0 $

Annualized return

0.0 %

Equity curve of the strategy applied to Summit Midstream Partners LP

The following chart shows the result of the investment strategy applied to Summit Midstream Partners LP:

Summit Midstream Partners LP

Note: the dividends potentially given by Summit Midstream Partners LP are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Summit Midstream Partners LP

The following chart shows the employed capital evolution since the beginning of the investment strategy on Summit Midstream Partners LP:

Summit Midstream Partners LP

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Summit Midstream Partners LP

In this section, I will compare the three previous investment strategies applied to Summit Midstream Partners LP.

Equity curve comparison on Summit Midstream Partners LP

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Summit Midstream Partners LP investment strategy comparison

Employed capital comparison on Summit Midstream Partners LP

Summit Midstream Partners LP investment comparison

Performance comparison on Summit Midstream Partners LP

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 9.56% 216.24$ 2262.36$ 2.31%
Momentum 1 quarter 61.59% 2347.91$ 3812.14$ 15.79%
Momentum 2 quarters 13.98% 406.91$ 2910.04$ 3.82%
Non-directional 0% 0.0$ 0.0$ 0.0%
Annualized return comparison

Automatic investment

2.31 %

Momentum 1Q

3.82 %

Momentum 2Q

3.82 %

Non-directional

0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Summit Midstream Partners LP:


Company information

Company name Summit Midstream Partners LP
Country United States
City Houston
Address 910 Louisiana Street
Phone 832 413 4770
Website www.summitmidstream.com
FullTime employees
Industry Oil & Gas Midstream
Sector Energy
Exchange XNYS
Ticker SMLP
Market www.nyse.com

Summit Midstream Partners LP ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown