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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.03
SMLP's Cash to Debt is ranked lower than
65% of the 93 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.06 vs. SMLP: 0.03 )
Ranked among companies with meaningful Cash to Debt only.
SMLP' s 10-Year Cash to Debt Range
Min: 0.01  Med: 0.03 Max: N/A
Current: 0.03
Equity to Asset 0.56
SMLP's Equity to Asset is ranked higher than
75% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.40 vs. SMLP: 0.56 )
Ranked among companies with meaningful Equity to Asset only.
SMLP' s 10-Year Equity to Asset Range
Min: 0.51  Med: 0.60 Max: 0.77
Current: 0.56
0.51
0.77
Interest Coverage 0.46
SMLP's Interest Coverage is ranked lower than
100% of the 78 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.29 vs. SMLP: 0.46 )
Ranked among companies with meaningful Interest Coverage only.
SMLP' s 10-Year Interest Coverage Range
Min: 0.46  Med: 4.32 Max: 9999.99
Current: 0.46
0.46
9999.99
F-Score: 4
Z-Score: 1.08
M-Score: -2.94
WACC vs ROIC
8.90%
1.06%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 6.39
SMLP's Operating margin (%) is ranked lower than
68% of the 108 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 15.43 vs. SMLP: 6.39 )
Ranked among companies with meaningful Operating margin (%) only.
SMLP' s 10-Year Operating margin (%) Range
Min: 5.58  Med: 26.09 Max: 40.26
Current: 6.39
5.58
40.26
Net-margin (%) -8.42
SMLP's Net-margin (%) is ranked lower than
91% of the 108 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 11.95 vs. SMLP: -8.42 )
Ranked among companies with meaningful Net-margin (%) only.
SMLP' s 10-Year Net-margin (%) Range
Min: -7.26  Med: 25.21 Max: 36.65
Current: -8.42
-7.26
36.65
ROE (%) -3.07
SMLP's ROE (%) is ranked lower than
88% of the 109 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.94 vs. SMLP: -3.07 )
Ranked among companies with meaningful ROE (%) only.
SMLP' s 10-Year ROE (%) Range
Min: -2.5  Med: 3.29 Max: 11.84
Current: -3.07
-2.5
11.84
ROA (%) -1.38
SMLP's ROA (%) is ranked lower than
88% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.74 vs. SMLP: -1.38 )
Ranked among companies with meaningful ROA (%) only.
SMLP' s 10-Year ROA (%) Range
Min: -1.27  Med: 3.48 Max: 7.37
Current: -1.38
-1.27
7.37
ROC (Joel Greenblatt) (%) 1.69
SMLP's ROC (Joel Greenblatt) (%) is ranked lower than
85% of the 109 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 10.35 vs. SMLP: 1.69 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
SMLP' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 1.61  Med: 8.08 Max: 13.06
Current: 1.69
1.61
13.06
» SMLP's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2014

SMLP Guru Trades in Q1 2014

Jim Simons 16,850 sh (-26.44%)
» More
Q2 2014

SMLP Guru Trades in Q2 2014

Jim Simons 31,709 sh (+88.18%)
» More
Q3 2014

SMLP Guru Trades in Q3 2014

Jim Simons 24,525 sh (-22.66%)
» More
Q4 2014

SMLP Guru Trades in Q4 2014

Jim Simons Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with SMLP

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Ratios

vs
industry
vs
history
Forward P/E 89.29
SMLP's Forward P/E is ranked lower than
99% of the 88 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 20.04 vs. SMLP: 89.29 )
Ranked among companies with meaningful Forward P/E only.
N/A
P/B 1.17
SMLP's P/B is ranked higher than
71% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.13 vs. SMLP: 1.17 )
Ranked among companies with meaningful P/B only.
SMLP' s 10-Year P/B Range
Min: 1.15  Med: 1.84 Max: 3.07
Current: 1.17
1.15
3.07
P/S 3.36
SMLP's P/S is ranked lower than
61% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.43 vs. SMLP: 3.36 )
Ranked among companies with meaningful P/S only.
SMLP' s 10-Year P/S Range
Min: 3.36  Med: 5.96 Max: 25.13
Current: 3.36
3.36
25.13
PFCF 16.83
SMLP's PFCF is ranked higher than
55% of the 53 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 18.39 vs. SMLP: 16.83 )
Ranked among companies with meaningful PFCF only.
SMLP' s 10-Year PFCF Range
Min: 5.03  Med: 94.24 Max: 521.25
Current: 16.83
5.03
521.25
POCF 6.72
SMLP's POCF is ranked higher than
71% of the 97 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.40 vs. SMLP: 6.72 )
Ranked among companies with meaningful POCF only.
SMLP' s 10-Year POCF Range
Min: 6.72  Med: 11.52 Max: 24.84
Current: 6.72
6.72
24.84
EV-to-EBIT 106.51
SMLP's EV-to-EBIT is ranked lower than
96% of the 91 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 20.87 vs. SMLP: 106.51 )
Ranked among companies with meaningful EV-to-EBIT only.
SMLP' s 10-Year EV-to-EBIT Range
Min: 12  Med: 41.30 Max: 149.4
Current: 106.51
12
149.4
Current Ratio 1.48
SMLP's Current Ratio is ranked higher than
72% of the 109 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.21 vs. SMLP: 1.48 )
Ranked among companies with meaningful Current Ratio only.
SMLP' s 10-Year Current Ratio Range
Min: 0.35  Med: 1.56 Max: 2.1
Current: 1.48
0.35
2.1
Quick Ratio 1.48
SMLP's Quick Ratio is ranked higher than
73% of the 109 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.02 vs. SMLP: 1.48 )
Ranked among companies with meaningful Quick Ratio only.
SMLP' s 10-Year Quick Ratio Range
Min: 0.35  Med: 1.56 Max: 2.1
Current: 1.48
0.35
2.1
Days Sales Outstanding 59.10
SMLP's Days Sales Outstanding is ranked lower than
88% of the 99 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 32.34 vs. SMLP: 59.10 )
Ranked among companies with meaningful Days Sales Outstanding only.
SMLP' s 10-Year Days Sales Outstanding Range
Min: 73.89  Med: 88.44 Max: 96.85
Current: 59.1
73.89
96.85

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 10.14
SMLP's Dividend Yield is ranked higher than
77% of the 120 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.72 vs. SMLP: 10.14 )
Ranked among companies with meaningful Dividend Yield only.
SMLP' s 10-Year Dividend Yield Range
Min: 1.28  Med: 4.17 Max: 10.14
Current: 10.14
1.28
10.14
Dividend Payout 2.33
SMLP's Dividend Payout is ranked lower than
75% of the 100 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.22 vs. SMLP: 2.33 )
Ranked among companies with meaningful Dividend Payout only.
SMLP' s 10-Year Dividend Payout Range
Min: 0.44  Med: 6.50 Max: 280
Current: 2.33
0.44
280
Yield on cost (5-Year) 10.14
SMLP's Yield on cost (5-Year) is ranked higher than
65% of the 119 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.72 vs. SMLP: 10.14 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
SMLP' s 10-Year Yield on cost (5-Year) Range
Min: 1.28  Med: 4.17 Max: 10.14
Current: 10.14
1.28
10.14

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 2.75
SMLP's Price/Tangible Book is ranked lower than
52% of the 90 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.67 vs. SMLP: 2.75 )
Ranked among companies with meaningful Price/Tangible Book only.
SMLP' s 10-Year Price/Tangible Book Range
Min: 1.98  Med: 4.34 Max: 6.68
Current: 2.75
1.98
6.68
Price/Median PS Value 0.56
SMLP's Price/Median PS Value is ranked higher than
81% of the 97 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.96 vs. SMLP: 0.56 )
Ranked among companies with meaningful Price/Median PS Value only.
SMLP' s 10-Year Price/Median PS Value Range
Min: 0.79  Med: 1.00 Max: 4.19
Current: 0.56
0.79
4.19
Earnings Yield (Greenblatt) (%) 0.92
SMLP's Earnings Yield (Greenblatt) (%) is ranked lower than
82% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.30 vs. SMLP: 0.92 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
SMLP' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 0.7  Med: 2.40 Max: 8.3
Current: 0.92
0.7
8.3

Analyst Estimate

Dec15 Dec16 Dec17
Revenue(Mil) 344 383 404
EPS($) 0.21 0.25 0.62
EPS without NRI($) 0.21 0.25 0.62

Business Description

Industry: Oil & Gas - Midstream » Oil & Gas Midstream
Compare: » details
Traded in other countries:1SM.Germany,
Summit Midstream Partners LP, founded in 2009, was incorporated in the State of Delaware. It is a limited partnership focused on owning and operating midstream energy infrastructure that is strategically located in the core producing areas of unconventional resource basins, primarily shale formations, in North America. The Company currently provide fee-based natural gas gathering and compression services in two unconventional resource basins: the Piceance Basin, which includes the Mesaverde, Mancos and Niobrara Shale formations in western Colorado; and the Fort Worth Basin, which includes the Barnett Shale formation in north-central Texas. The Company's customers include some of the largest natural gas producers in North America, such as Encana Corporation, Chesapeake Energy Corporation, TOTAL, S.A., Carrizo Oil & Gas, Inc., WPX Energy, Inc., Bill Barrett Corporation, Exxon Mobil Corporation and EOG Resources, Inc. In October 2011, it acquired certain natural gas gathering pipeline, dehydration and compression assets in the Piceance Basin of western Colorado, which it refer to as the Grand River system, from Encana, for $590.2 million. The Grand River system comprises approximately 276 miles of pipeline and 97,500 horsepower of compression and is primarily located in Garfield County, Colorado, natural gas producing county in Colorado. All of the natural gas gathered on the Grand River system is discharged to Enterprise Products Partners L.P.'s pipeline serving its 1.7 Bcf/d processing facility located in Meeker, Colorado. The Grand River system mainly gathers natural gas produced by its customers from the liquids-rich Mesaverde formation within the Piceance Basin. The Mesaverde is a shallow, tight sands geologic formation that producers have targeted with directional drilling activities for several decades. The Grand River system also gathers natural gas produced from its customers' wells targeting the deeper Mancos and Niobrara Shale formations, which have higher initial production rates and lower Btu gas content than Mesaverde wells. In September 2009, it acquired approximately 17 miles of pipeline and 2,500 horsepower of electric-drive compression in north-central Texas, which it refers to as the DFW Midstream system, from Energy Future Holdings and Chesapeake. The DFW Midstream system currently has five primary interconnections with third-party, intrastate pipelines that enable it to connect its customers, directly or indirectly, with the major natural gas market hubs of Waha, Carthage, and Katy in Texas, and Perryville and Henry Hub in Louisiana. The Company's DFW Midstream system benefits from its location within the primarily urban environment of southeastern Tarrant County, Texas, which resides within the Fort Worth Basin and includes the Barnett Shale formation. The Company is subject to federal anti-market manipulation laws and regulations.
» More Articles for SMLP

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