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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 : 4/10

vs
industry
vs
history
Cash to Debt 0.02
SMLP's Cash to Debt is ranked higher than
63% of the 184 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.05 vs. SMLP: 0.02 )
SMLP' s 10-Year Cash to Debt Range
Min: 0.01   Max: N/A
Current: 0.02

Equity to Asset 0.51
SMLP's Equity to Asset is ranked higher than
82% of the 185 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.39 vs. SMLP: 0.51 )
SMLP' s 10-Year Equity to Asset Range
Min: 0.51   Max: 0.77
Current: 0.51

0.51
0.77
Interest Coverage 0.46
SMLP's Interest Coverage is ranked lower than
52% of the 141 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.64 vs. SMLP: 0.46 )
SMLP' s 10-Year Interest Coverage Range
Min: 0.46   Max: 9999.99
Current: 0.46

0.46
9999.99
F-Score: 5
Z-Score: 1.50
M-Score: -3.09
WACC vs ROIC
9.32%
0.89%
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 : 5/10

vs
industry
vs
history
Operating margin (%) 5.80
SMLP's Operating margin (%) is ranked higher than
66% of the 191 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 13.13 vs. SMLP: 5.80 )
SMLP' s 10-Year Operating margin (%) Range
Min: 5.58   Max: 40.26
Current: 5.8

5.58
40.26
Net-margin (%) -8.01
SMLP's Net-margin (%) is ranked higher than
52% of the 191 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.11 vs. SMLP: -8.01 )
SMLP' s 10-Year Net-margin (%) Range
Min: -7.26   Max: 36.65
Current: -8.01

-7.26
36.65
ROE (%) -2.54
SMLP's ROE (%) is ranked higher than
55% of the 198 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.25 vs. SMLP: -2.54 )
SMLP' s 10-Year ROE (%) Range
Min: -2.21   Max: 11.84
Current: -2.54

-2.21
11.84
ROA (%) -1.38
SMLP's ROA (%) is ranked higher than
54% of the 201 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.89 vs. SMLP: -1.38 )
SMLP' s 10-Year ROA (%) Range
Min: -1.27   Max: 7.37
Current: -1.38

-1.27
7.37
ROC (Joel Greenblatt) (%) 1.53
SMLP's ROC (Joel Greenblatt) (%) is ranked higher than
56% of the 195 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.83 vs. SMLP: 1.53 )
SMLP' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 1.51   Max: 13.05
Current: 1.53

1.51
13.05
» 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 49.26
SMLP's Forward P/E is ranked lower than
78% of the 209 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 27.03 vs. SMLP: 49.26 )
N/A
P/B 2.00
SMLP's P/B is ranked higher than
77% of the 209 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.60 vs. SMLP: 2.00 )
SMLP' s 10-Year P/B Range
Min: 1.15   Max: 3.07
Current: 2

1.15
3.07
P/S 3.40
SMLP's P/S is ranked higher than
56% of the 209 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.32 vs. SMLP: 3.40 )
SMLP' s 10-Year P/S Range
Min: 4.58   Max: 25.13
Current: 3.4

4.58
25.13
PFCF 5.30
SMLP's PFCF is ranked higher than
98% of the 209 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.00 vs. SMLP: 5.30 )
SMLP' s 10-Year PFCF Range
Min: 5.03   Max: 692
Current: 5.3

5.03
692
POCF 10.65
SMLP's POCF is ranked higher than
89% of the 209 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 12.22 vs. SMLP: 10.65 )
SMLP' s 10-Year POCF Range
Min: 9.88   Max: 24.84
Current: 10.65

9.88
24.84
EV-to-EBIT 142.66
SMLP's EV-to-EBIT is ranked higher than
60% of the 209 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 29.59 vs. SMLP: 142.66 )
SMLP' s 10-Year EV-to-EBIT Range
Min: 20.3   Max: 151
Current: 142.66

20.3
151
Current Ratio 1.79
SMLP's Current Ratio is ranked higher than
88% of the 194 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.04 vs. SMLP: 1.79 )
SMLP' s 10-Year Current Ratio Range
Min: 0.35   Max: 2.1
Current: 1.79

0.35
2.1
Quick Ratio 1.79
SMLP's Quick Ratio is ranked higher than
89% of the 194 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.99 vs. SMLP: 1.79 )
SMLP' s 10-Year Quick Ratio Range
Min: 0.35   Max: 2.1
Current: 1.79

0.35
2.1
Days Sales Outstanding 49.79
SMLP's Days Sales Outstanding is ranked higher than
63% of the 209 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 37.47 vs. SMLP: 49.79 )
SMLP' s 10-Year Days Sales Outstanding Range
Min: 73.89   Max: 96.85
Current: 49.79

73.89
96.85

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 6.80
SMLP's Dividend Yield is ranked higher than
83% of the 185 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.36 vs. SMLP: 6.80 )
SMLP' s 10-Year Dividend Yield Range
Min: 1.28   Max: 6.9
Current: 6.8

1.28
6.9
Dividend Payout 2.33
SMLP's Dividend Payout is ranked higher than
66% of the 209 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.60 vs. SMLP: 2.33 )
SMLP' s 10-Year Dividend Payout Range
Min: 0.44   Max: 280
Current: 2.33

0.44
280
Yield on cost (5-Year) 6.90
SMLP's Yield on cost (5-Year) is ranked higher than
67% of the 185 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.24 vs. SMLP: 6.90 )
SMLP' s 10-Year Yield on cost (5-Year) Range
Min: 1.28   Max: 6.9
Current: 6.9

1.28
6.9

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 4.55
SMLP's Price/Tangible Book is ranked higher than
59% of the 209 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.90 vs. SMLP: 4.55 )
SMLP' s 10-Year Price/Tangible Book Range
Min: 1.98   Max: 6.68
Current: 4.55

1.98
6.68
Price/Median PS Value 0.85
SMLP's Price/Median PS Value is ranked higher than
88% of the 209 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.20 vs. SMLP: 0.85 )
SMLP' s 10-Year Price/Median PS Value Range
Min: 0.76   Max: 5.63
Current: 0.85

0.76
5.63
Earnings Yield (Greenblatt) 0.70
SMLP's Earnings Yield (Greenblatt) is ranked lower than
57% of the 196 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.50 vs. SMLP: 0.70 )
SMLP' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.7   Max: 4.9
Current: 0.7

0.7
4.9

Business Description

Industry: Oil & Gas - Midstream » Oil & Gas Midstream
Compare: » details
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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