See more : Sunrise Resources plc (SRES.L) Income Statement Analysis – Financial Results
Complete financial analysis of Summit Midstream Partners, LP (SMLP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Summit Midstream Partners, LP, a leading company in the Oil & Gas Midstream industry within the Energy sector.
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Summit Midstream Partners, LP (SMLP)
About Summit Midstream Partners, LP
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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 458.90M | 369.59M | 400.62M | 383.47M | 443.53M | 506.65M | 488.74M | 402.36M | 371.32M | 330.69M | 242.81M | 165.50M | 103.55M | 31.68M |
| Cost of Revenue | 335.97M | 280.03M | 201.05M | 154.79M | 173.64M | 311.64M | 266.59M | 234.99M | 214.87M | 217.36M | 91.86M | 86.96M | 0.00 | 3.87M |
| Gross Profit | 122.94M | 89.56M | 199.57M | 228.69M | 269.88M | 195.01M | 222.15M | 167.37M | 156.45M | 113.33M | 150.95M | 78.54M | 103.55M | 27.80M |
| Gross Profit Ratio | 26.79% | 24.23% | 49.82% | 59.64% | 60.85% | 38.49% | 45.45% | 41.60% | 42.13% | 34.27% | 62.17% | 47.46% | 100.00% | 87.77% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 42.14M | 44.94M | 59.84M | 76.43M | 55.93M | 52.88M | 54.75M | 53.73M | 37.33M | 34.75M | 27.33M | 23.38M | 0.00 | 10.04M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 42.14M | 44.94M | 59.84M | 76.43M | 55.93M | 52.88M | 54.75M | 53.73M | 37.33M | 34.75M | 27.33M | 23.38M | 20.64M | 10.04M |
| Other Expenses | 4.19M | 98.11M | 74.18M | 86.03M | 97.59M | -21.14M | 200.62M | -55.74M | 2.00K | 1.19M | -108.00K | 9.00K | 61.86M | 32.00K |
| Operating Expenses | 46.32M | 143.05M | 134.02M | 162.46M | 153.51M | 52.88M | 54.75M | 53.73M | 37.33M | 34.75M | 87.30M | 23.38M | 61.86M | 19.54M |
| Cost & Expenses | 378.10M | 423.08M | 335.07M | 317.25M | 327.16M | 364.52M | 321.35M | 288.73M | 252.21M | 252.10M | 179.16M | 110.33M | 61.86M | 23.41M |
| Interest Income | 0.00 | 0.00 | 66.16M | 78.89M | 91.97M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 140.78M | 102.46M | 66.16M | 78.89M | 74.43M | 60.54M | 68.13M | 63.81M | 48.62M | 40.16M | 19.17M | 12.77M | 3.05M | 0.00 |
| Depreciation & Amortization | 124.99M | 120.70M | 121.10M | 122.31M | 114.66M | 106.77M | 114.87M | 112.66M | 96.19M | 82.99M | 61.86M | 35.30M | 11.37M | 4.09M |
| EBITDA | 204.50M | 178.51M | 211.64M | 302.38M | 232.55M | 248.90M | 282.34M | 227.62M | 208.05M | 172.55M | 147.29M | 55.17M | 53.06M | 12.39M |
| EBITDA Ratio | 44.56% | 17.99% | 16.21% | 17.28% | 26.79% | 23.88% | 75.30% | 14.39% | 32.08% | 24.12% | 51.64% | 33.34% | 51.24% | 39.10% |
| Operating Income | 80.80M | -53.49M | -55.06M | -52.80M | 7.38M | 142.14M | 167.39M | 113.64M | 119.11M | 78.58M | 63.65M | 55.17M | 41.69M | 8.26M |
| Operating Income Ratio | 17.61% | -14.47% | -13.74% | -13.77% | 1.66% | 28.05% | 34.25% | 28.24% | 32.08% | 23.76% | 26.21% | 33.33% | 40.26% | 26.09% |
| Total Other Income/Expenses | -29.55M | -65.90M | -83.93M | 124.22M | -72.00M | -88.87M | -78.78M | -121.41M | -306.60M | -99.12M | -19.28M | -12.76M | -3.04M | 32.00K |
| Income Before Tax | -72.45M | -141.28M | -28.16M | 177.66M | -30.81M | 53.27M | 88.61M | -7.77M | -187.49M | -20.53M | 44.37M | 42.41M | 38.65M | 8.30M |
| Income Before Tax Ratio | -15.79% | -38.22% | -7.03% | 46.33% | -6.95% | 10.51% | 18.13% | -1.93% | -50.49% | -6.21% | 18.27% | 25.62% | 37.32% | 26.19% |
| Income Tax Expense | 322.00K | 325.00K | -327.00K | -146.00K | 1.17M | 33.00K | 341.00K | 75.00K | -676.00K | 631.00K | 729.00K | 682.00K | 695.00K | 124.00K |
| Net Income | -38.95M | -123.46M | -27.83M | 192.35M | -31.98M | 42.18M | 86.05M | -38.19M | -192.21M | -23.99M | 43.58M | 17.61M | 37.95M | 8.09M |
| Net Income Ratio | -8.49% | -33.40% | -6.95% | 50.16% | -7.21% | 8.33% | 17.61% | -9.49% | -51.76% | -7.26% | 17.95% | 10.64% | 36.65% | 25.55% |
| EPS | -3.77 | -12.29 | -4.13 | 53.55 | -5.82 | 8.63 | 14.85 | -8.39 | -45.31 | -6.23 | 12.90 | 5.25 | 1.46 | 0.31 |
| EPS Diluted | -3.77 | -12.29 | -4.13 | 52.07 | -5.82 | 8.60 | 14.70 | -8.39 | -45.31 | -6.23 | 12.90 | 5.25 | 1.46 | 0.31 |
| Weighted Avg Shares Out | 10.33M | 10.05M | 6.74M | 3.59M | 5.49M | 4.89M | 4.85M | 4.55M | 4.24M | 3.85M | 3.42M | 3.25M | 26.04M | 26.04M |
| Weighted Avg Shares Out (Dil) | 10.33M | 10.05M | 6.74M | 3.69M | 5.49M | 4.91M | 4.87M | 4.55M | 4.24M | 3.85M | 3.43M | 3.26M | 26.04M | 26.04M |
Summit Midstream Partners, LP Announces 2023 K-1 Tax Package Availability
Summit Midstream Partners to sell Utica assets to MPLX for $625 mln
Summit Midstream Partners, LP Announces Sale of Utica Position for $625 Million
Summit Midstream Partners: Potential For Strong Performance, If It Can Survive
Summit Midstream Partners, LP (SMLP) Q4 2023 Earnings Call Transcript
Summit Midstream Partners, LP Reports Fourth Quarter and Full-Year 2023 Financial and Operating Results, 2024 Guidance and Strategic Alternatives Update
Summit Midstream Partners, LP Schedules Fourth Quarter 2023 Earnings Call
Summit Midstream Partners, LP Announces Opportunistic Refinancing of its 2025 Unsecured Notes and Amendment to ABL Facility
Summit Midstream Partners, LP (SMLP) Q3 2023 Earnings Call Transcript
Summit Midstream Partners, LP Reports Third Quarter 2023 Financial and Operating Results
Source: https://incomestatements.info
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