SUMMIT MIDSTREAM PARTNERS, LP


Associated tags: Permian, Delaware Basin, Utica Shale, Natural gas, Mancos, Colorado, Codell, Kansas, Bend Arch–Fort Worth Basin, Piceance Basin, Water, NYSE, Oil, Conference, Master limited partnership, PIN

Locations: WEST VIRGINIA, TEXAS, BARNETT, NEW MEXICO

Summit Midstream Partners, LP Reports First Quarter 2024 Financial and Operating Results

Retrieved on: 
Thursday, May 2, 2024

HOUSTON, May 2, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today its financial and operating results for the three months ended March 31, 2024.

Key Points: 
  • HOUSTON, May 2, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today its financial and operating results for the three months ended March 31, 2024.
  • Heath Deneke, President, Chief Executive Officer, and Chairman, commented, "Summit's first quarter 2024 financial and operating results were generally in line with management expectations, despite severe winter weather in the DJ Basin impacting volumes in January.
  • On May 1, 2024 Mountaineer Midstream, LLC, a wholly owned subsidiary of SMLP, sold the Mountaineer Midstream System to Antero Midstream LLC.
  • There were 57 new wells connected during the quarter, including 39 in the DJ Basin and 18 in the Williston Basin.

Summit Midstream Partners, LP Schedules First Quarter 2024 Earnings Call and Announces Expiration and Results for Excess Cash Flow Offer to Purchase up to $19,331,000 Aggregate Principal Amount of Outstanding 8.500% Senior Secured Second Lien Notes Due 20

Retrieved on: 
Thursday, April 25, 2024

The Excess Cash Flow Offer expired at 5:00 p.m., New York City time, on April 24, 2024 (the "Expiration Time").

Key Points: 
  • The Excess Cash Flow Offer expired at 5:00 p.m., New York City time, on April 24, 2024 (the "Expiration Time").
  • As of the Expiration Time, an aggregate principal amount of $13,626,000, or approximately 1.74%, of the Notes were validly tendered and not validly withdrawn.
  • Requests for documents relating to the Excess Cash Flow Offer may be directed to D.F.
  • The call can be accessed via teleconference at: Q1 2024 Summit Midstream Partners LP Earnings Conference Call ( https://register.vevent.com/register/BIece413d1f8d74a20adea2361c8d96184 ).

Summit Midstream Partners, LP Announces 2023 K-1 Tax Package Availability

Retrieved on: 
Monday, March 25, 2024

HOUSTON, March 25, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today that its 2023 tax packages, including the Schedule K-1, are now available online and may be accessed at https://partnerdatalink.com/Summit .

Key Points: 
  • HOUSTON, March 25, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today that its 2023 tax packages, including the Schedule K-1, are now available online and may be accessed at https://partnerdatalink.com/Summit .
  • SMLP will also begin mailing the 2023 tax packages to unitholders this week.
  • For additional information or assistance, unitholders may also contact Partner DataLink via email at [email protected] or via phone at (855) 375-4158 Monday through Friday from 8:00 a.m. – 5:00 p.m. CDT or visit SMLP's website at www.summitmidstream.com under "Investors >> K-1 Tax Information."

Summit Midstream Partners, LP Announces Sale of Utica Position for $625 Million

Retrieved on: 
Friday, March 22, 2024

HOUSTON, March 22, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today the sale of Summit Midstream Utica, LLC, which includes its approximately 36% interest in Ohio Gathering Company, LLC ("OGC"), approximately 38% interest in Ohio Condensate Company, LLC ("OCC", collectively with OGC, "Ohio Gathering") and wholly owned Utica assets (collectively, "Utica Position") to a subsidiary of MPLX LP ("MPLX") for $625 million in cash (the "Utica Divestiture"). 

Key Points: 
  • HOUSTON, March 22, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today the sale of Summit Midstream Utica, LLC, which includes its approximately 36% interest in Ohio Gathering Company, LLC ("OGC"), approximately 38% interest in Ohio Condensate Company, LLC ("OCC", collectively with OGC, "Ohio Gathering") and wholly owned Utica assets (collectively, "Utica Position") to a subsidiary of MPLX LP ("MPLX") for $625 million in cash (the "Utica Divestiture").
  • The Board and management plan to seek approval from Summit unitholders to convert the Partnership to a C-Corp at a Special Meeting later this year.
  • Summit Utica: The Summit Utica system is a natural gas gathering system located in Belmont and Monroe counties in southeastern Ohio and serves producers targeting the dry-gas reserves of the Utica and Point Pleasant shale formations.
  • The Summit Utica system gathers and delivers natural gas, primarily under long-term, fee-based gathering agreements, which include acreage dedications.

Summit Midstream Partners, LP Schedules Fourth Quarter 2023 Earnings Call

Retrieved on: 
Friday, February 23, 2024

HOUSTON, Feb. 23, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today that it will report operating and financial results for the fourth quarter of 2023 and provide an update to its strategic alternatives review on Friday, March 15, 2024, before the open of trading on the New York Stock Exchange.

Key Points: 
  • HOUSTON, Feb. 23, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today that it will report operating and financial results for the fourth quarter of 2023 and provide an update to its strategic alternatives review on Friday, March 15, 2024, before the open of trading on the New York Stock Exchange.
  • SMLP will host a conference call at 10:00 a.m. Eastern on March 15, 2024, to discuss its quarterly operating and financial results.
  • The call can be accessed via teleconference at: Q4 2023 Summit Midstream Partners LP Earnings Conference Call ( https://register.vevent.com/register/BI08da14a6e73a4b4daed7edf267c7f575 ).
  • Once registration is completed, participants will receive a dial-in number along with a personalized PIN to access the call.

Summit Midstream Partners, LP Provides Operational Update, Announces Review of Strategic Alternatives and Schedules Third Quarter 2023 Earnings Call

Retrieved on: 
Tuesday, October 3, 2023

OGC natural gas throughput expected to increase 11% to approximately 870 MMcf/d relative to the second quarter of 2023.

Key Points: 
  • OGC natural gas throughput expected to increase 11% to approximately 870 MMcf/d relative to the second quarter of 2023.
  • Double E Pipeline gross volumes transported are expected to increase 34% to approximately 325 MMcf/d relative to the second quarter of 2023.
  • Piceance segment volumes expected to increase 4% relative to the second quarter of 2023, primarily due to 12 new wells connected during the third quarter.
  • The call can be accessed via teleconference at: Q3 2023 Summit Midstream Partners LP Earnings Conference Call ( https://register.vevent.com/register/BIc42a8b051b4d40e8902304edf61e8ef7 ).

Summit Midstream Partners, LP Schedules Second Quarter 2023 Earnings Call

Retrieved on: 
Thursday, July 27, 2023

HOUSTON, July 27, 2023 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today that it will report operating and financial results for the second quarter of 2023 on Wednesday, August 9, 2023, after the close of trading on the New York Stock Exchange.

Key Points: 
  • HOUSTON, July 27, 2023 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today that it will report operating and financial results for the second quarter of 2023 on Wednesday, August 9, 2023, after the close of trading on the New York Stock Exchange.
  • SMLP will host a conference call at 10:00 a.m. Eastern on August 10, 2023, to discuss its quarterly operating and financial results.
  • The call can be accessed via teleconference at: Q2 2023 Summit Midstream Partners LP Earnings Conference Call ( https://register.vevent.com/register/BI44389e5d1dac4661818d5e27cc079001 ).
  • Members of SMLP's senior management team will attend the 2023 Citi One-on-One Midstream / Energy Infrastructure Conference taking place on August 22–23, 2023.

Summit Midstream Partners, LP Schedules First Quarter 2023 Earnings Call

Retrieved on: 
Monday, April 24, 2023

HOUSTON, April 24, 2023 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today  that it will report operating and financial results for the first quarter of 2023 on Friday, May 5, 2023, before the open of trading on the New York Stock Exchange.

Key Points: 
  • HOUSTON, April 24, 2023 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today  that it will report operating and financial results for the first quarter of 2023 on Friday, May 5, 2023, before the open of trading on the New York Stock Exchange.
  • SMLP will host a conference call at 10:00 a.m. Eastern on May 5, 2023, to discuss its quarterly operating and financial results.
  • The call can be accessed via teleconference at: Q1 2023 Summit Midstream Partners LP Earnings Conference Call ( https://register.vevent.com/register/BI4b4d0f59743e432e92e0fc8b65387af6 ).
  • Members of SMLP's senior management team will attend the 2023 Energy Infrastructure CEO & Investor Conference which will take place on May 22–24, 2023, the 2023 RBC Capital Markets Global Energy, Power & Infrastructure Conference taking place on June 6–7, 2023, and the BofA Securities 2023 Energy Credit Conference on June 7–8, 2023.

Summit Midstream Partners, LP Announces 2022 K-1 Tax Package Availability

Retrieved on: 
Wednesday, March 22, 2023

HOUSTON, March 22, 2023 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today that its 2022 tax packages, including the Schedule K-1, are now available online and may be accessed at https://partnerdatalink.com/Summit .

Key Points: 
  • HOUSTON, March 22, 2023 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today that its 2022 tax packages, including the Schedule K-1, are now available online and may be accessed at https://partnerdatalink.com/Summit .
  • SMLP will also begin mailing the 2022 tax packages to unitholders this week.
  • For additional information or assistance, unitholders may also contact Partner DataLink via email at [email protected] or via phone at (855) 375-4158 Monday through Friday from 8:00 a.m. – 5:00 p.m. CDT or visit SMLP's website at www.summitmidstream.com under "Investors >> K-1 Tax Information."

CLARITER WELCOMES SUMMIT MIDSTREAM PARTNERS TO ITS GROUP OF STRATEGIC INVESTORS, ANNOUNCING COLLABORATION SUPPORTING CLARITER'S FUTURE UNITED STATES ROLL-OUT STRATEGY

Retrieved on: 
Monday, March 6, 2023

LUXEMBOURG CITY, Luxembourg and HOUSTON, March 6, 2023 /PRNewswire/ -- Clariter and Summit Midstream Partners announced today a strategic collaboration in which Summit joins Clariter's range of strategic partners and investors.

Key Points: 
  • LUXEMBOURG CITY, Luxembourg and HOUSTON, March 6, 2023 /PRNewswire/ -- Clariter and Summit Midstream Partners announced today a strategic collaboration in which Summit joins Clariter's range of strategic partners and investors.
  • Leveraging Summit's expertise in midstream energy infrastructure, the two companies will cooperate as Clariter continues to advance its strategy to build commercial scale plants in the United States.
  • Summit's Chief Executive, Heath Deneke, said: "We're excited to collaborate with Clariter to support the development of its innovative chemical recycling plants in the United States.
  • Clariter offers a commercially attractive combination of profitability and sustainability: an integral part of Clariter's development strategy is to identify partners that, like Summit, are looking for solutions to global environmental challenges."