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Also traded in: Germany

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 : 8/10

vs
industry
vs
history
Cash to Debt 0.01
SMLP's Cash to Debt is ranked lower than
100% of the 98 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.09 vs. SMLP: 0.01 )
Ranked among companies with meaningful Cash to Debt only.
SMLP' s Cash to Debt Range Over the Past 10 Years
Min: 0.01  Med: 0.03 Max: N/A
Current: 0.01
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 Equity to Asset Range Over the Past 10 Years
Min: 0.51  Med: 0.58 Max: 0.77
Current: 0.56
0.51
0.77
Interest Coverage 0.93
SMLP's Interest Coverage is ranked lower than
98% of the 84 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.33 vs. SMLP: 0.93 )
Ranked among companies with meaningful Interest Coverage only.
SMLP' s Interest Coverage Range Over the Past 10 Years
Min: 0.46  Med: 4.32 Max: 9999.99
Current: 0.93
0.46
9999.99
F-Score: 3
Z-Score: 0.97
M-Score: -2.88
WACC vs ROIC
9.88%
2.27%
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 : 6/10

vs
industry
vs
history
Operating margin (%) 13.49
SMLP's Operating margin (%) is ranked lower than
51% of the 107 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 15.38 vs. SMLP: 13.49 )
Ranked among companies with meaningful Operating margin (%) only.
SMLP' s Operating margin (%) Range Over the Past 10 Years
Min: 5.58  Med: 26.09 Max: 40.26
Current: 13.49
5.58
40.26
Net-margin (%) -2.86
SMLP's Net-margin (%) is ranked lower than
84% of the 107 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.33 vs. SMLP: -2.86 )
Ranked among companies with meaningful Net-margin (%) only.
SMLP' s Net-margin (%) Range Over the Past 10 Years
Min: -7.26  Med: 25.21 Max: 36.65
Current: -2.86
-7.26
36.65
ROE (%) -1.47
SMLP's ROE (%) is ranked lower than
82% of the 109 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.85 vs. SMLP: -1.47 )
Ranked among companies with meaningful ROE (%) only.
SMLP' s ROE (%) Range Over the Past 10 Years
Min: -2.5  Med: 3.29 Max: 11.84
Current: -1.47
-2.5
11.84
ROA (%) -0.47
SMLP's ROA (%) is ranked lower than
80% of the 113 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.76 vs. SMLP: -0.47 )
Ranked among companies with meaningful ROA (%) only.
SMLP' s ROA (%) Range Over the Past 10 Years
Min: -1.27  Med: 3.48 Max: 7.37
Current: -0.47
-1.27
7.37
ROC (Joel Greenblatt) (%) 2.86
SMLP's ROC (Joel Greenblatt) (%) is ranked lower than
76% of the 109 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.45 vs. SMLP: 2.86 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
SMLP' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: 1.61  Med: 8.08 Max: 13.06
Current: 2.86
1.61
13.06
» SMLP's 10-Y Financials

Financials


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

» Details

Guru Trades

SMLP Guru Trades in

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 8.64
SMLP's Forward P/E is ranked higher than
88% of the 86 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 15.70 vs. SMLP: 8.64 )
Ranked among companies with meaningful Forward P/E only.
N/A
P/B 0.89
SMLP's P/B is ranked higher than
72% of the 108 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.49 vs. SMLP: 0.89 )
Ranked among companies with meaningful P/B only.
SMLP' s P/B Range Over the Past 10 Years
Min: 0.81  Med: 1.81 Max: 3.07
Current: 0.89
0.81
3.07
P/S 2.62
SMLP's P/S is ranked lower than
59% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.89 vs. SMLP: 2.62 )
Ranked among companies with meaningful P/S only.
SMLP' s P/S Range Over the Past 10 Years
Min: 2.4  Med: 5.77 Max: 25.13
Current: 2.62
2.4
25.13
PFCF 7.09
SMLP's PFCF is ranked higher than
76% of the 55 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 11.24 vs. SMLP: 7.09 )
Ranked among companies with meaningful PFCF only.
SMLP' s PFCF Range Over the Past 10 Years
Min: 4.57  Med: 54.80 Max: 507.25
Current: 7.09
4.57
507.25
POCF 5.63
SMLP's POCF is ranked higher than
56% of the 98 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.87 vs. SMLP: 5.63 )
Ranked among companies with meaningful POCF only.
SMLP' s POCF Range Over the Past 10 Years
Min: 5.15  Med: 11.43 Max: 24.84
Current: 5.63
5.15
24.84
EV-to-EBIT 52.84
SMLP's EV-to-EBIT is ranked lower than
91% of the 89 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 17.71 vs. SMLP: 52.84 )
Ranked among companies with meaningful EV-to-EBIT only.
SMLP' s EV-to-EBIT Range Over the Past 10 Years
Min: 12  Med: 44.35 Max: 149
Current: 52.84
12
149
EV-to-EBITDA 15.47
SMLP's EV-to-EBITDA is ranked lower than
74% of the 95 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 12.55 vs. SMLP: 15.47 )
Ranked among companies with meaningful EV-to-EBITDA only.
SMLP' s EV-to-EBITDA Range Over the Past 10 Years
Min: 7.3  Med: 19.15 Max: 27.7
Current: 15.47
7.3
27.7
Current Ratio 1.26
SMLP's Current Ratio is ranked higher than
56% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.20 vs. SMLP: 1.26 )
Ranked among companies with meaningful Current Ratio only.
SMLP' s Current Ratio Range Over the Past 10 Years
Min: 0.35  Med: 1.56 Max: 2.1
Current: 1.26
0.35
2.1
Quick Ratio 1.26
SMLP's Quick Ratio is ranked higher than
65% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.00 vs. SMLP: 1.26 )
Ranked among companies with meaningful Quick Ratio only.
SMLP' s Quick Ratio Range Over the Past 10 Years
Min: 0.35  Med: 1.56 Max: 2.1
Current: 1.26
0.35
2.1
Days Sales Outstanding 50.83
SMLP's Days Sales Outstanding is ranked lower than
82% of the 98 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 34.20 vs. SMLP: 50.83 )
Ranked among companies with meaningful Days Sales Outstanding only.
SMLP' s Days Sales Outstanding Range Over the Past 10 Years
Min: 73.89  Med: 88.44 Max: 96.85
Current: 50.83
73.89
96.85
Days Payable 183.02
SMLP's Days Payable is ranked higher than
92% of the 77 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 33.95 vs. SMLP: 183.02 )
Ranked among companies with meaningful Days Payable only.
SMLP' s Days Payable Range Over the Past 10 Years
Min: 80.75  Med: 144.01 Max: 207.26
Current: 183.02
80.75
207.26

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 13.72
SMLP's Dividend Yield is ranked higher than
74% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.57 vs. SMLP: 13.72 )
Ranked among companies with meaningful Dividend Yield only.
SMLP' s Dividend Yield Range Over the Past 10 Years
Min: 1.28  Med: 4.33 Max: 14.66
Current: 13.72
1.28
14.66
Dividend Payout 2.33
SMLP's Dividend Payout is ranked lower than
71% of the 115 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.27 vs. SMLP: 2.33 )
Ranked among companies with meaningful Dividend Payout only.
SMLP' s Dividend Payout Range Over the Past 10 Years
Min: 0.44  Med: 5.06 Max: 280
Current: 2.33
0.44
280
Forward Dividend Yield 13.81
SMLP's Forward Dividend Yield is ranked higher than
74% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 10.78 vs. SMLP: 13.81 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 13.72
SMLP's Yield on cost (5-Year) is ranked higher than
59% of the 122 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 11.20 vs. SMLP: 13.72 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
SMLP' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 1.28  Med: 4.32 Max: 14.66
Current: 13.72
1.28
14.66

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 2.09
SMLP's Price/Tangible Book is ranked lower than
58% of the 92 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.86 vs. SMLP: 2.09 )
Ranked among companies with meaningful Price/Tangible Book only.
SMLP' s Price/Tangible Book Range Over the Past 10 Years
Min: 1.98  Med: 4.12 Max: 6.68
Current: 2.09
1.98
6.68
Price/Median PS Value 0.45
SMLP's Price/Median PS Value is ranked higher than
84% of the 99 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.78 vs. SMLP: 0.45 )
Ranked among companies with meaningful Price/Median PS Value only.
SMLP' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.48  Med: 1.01 Max: 4.35
Current: 0.45
0.48
4.35
Earnings Yield (Greenblatt) (%) 1.90
SMLP's Earnings Yield (Greenblatt) (%) is ranked lower than
74% of the 110 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.00 vs. SMLP: 1.90 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
SMLP' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.7  Med: 2.30 Max: 8.3
Current: 1.9
0.7
8.3

More Statistics

Revenue(Mil) $330
EPS $ -0.69
Beta1.37
Short Percentage of Float1.20%
52-Week Range $12.82 - 40.50
Shares Outstanding(Mil)66.47

Analyst Estimate

Dec15 Dec16 Dec17 Dec18
Revenue(Mil) 299 420 677 856
EPS($) 0.47 1.06 1.93 2.26
EPS without NRI($) 0.47 1.06 1.93 2.26

Latest Earnings Webcast

» More Conference Calls

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

Headlines

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Summit Midstream Partners, LP to Attend UBS MLP One-on-One Conference Jan 08 2016
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Will Summit Midstream (SMLP) Continue to Surge Higher? Dec 31 2015
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Summit Midstream Partners LP Earnings Analysis: Q3, 2015 By the Numbers Dec 16 2015
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Summit Investments Announces Conclusion of Energy Capital Partners Review of Strategic Alternatives Dec 11 2015
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Summit Midstream Partners, LP Announces Participation in Upcoming Investor Conferences Nov 17 2015

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