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Summit Midstream Partners LP (Summit Midstream Partners LP) Days Payable

: 18.95 (As of Dec. 2023)
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Summit Midstream Partners LP's average Accounts Payable for the three months ended in Dec. 2023 was $19.1 Mil. Summit Midstream Partners LP's Cost of Goods Sold for the three months ended in Dec. 2023 was $92.0 Mil. Hence, Summit Midstream Partners LP's Days Payable for the three months ended in Dec. 2023 was 18.95.

The historical rank and industry rank for Summit Midstream Partners LP's Days Payable or its related term are showing as below:

SMLP' s Days Payable Range Over the Past 10 Years
Min: 14.84   Med: 29.8   Max: 51.76
Current: 19.38

During the past 13 years, Summit Midstream Partners LP's highest Days Payable was 51.76. The lowest was 14.84. And the median was 29.80.

SMLP's Days Payable is ranked worse than
86.56% of 900 companies
in the Oil & Gas industry
Industry Median: 59.43 vs SMLP: 19.38

Summit Midstream Partners LP's Days Payable increased from Dec. 2022 (16.43) to Dec. 2023 (18.95). It may suggest that Summit Midstream Partners LP delayed paying its suppliers.


Summit Midstream Partners LP Days Payable Historical Data

The historical data trend for Summit Midstream Partners LP's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Summit Midstream Partners LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.08 27.50 14.84 16.00 19.97

Summit Midstream Partners LP Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.43 19.41 22.39 16.53 18.95

Competitive Comparison

For the Oil & Gas Midstream subindustry, Summit Midstream Partners LP's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Summit Midstream Partners LP Days Payable Distribution

For the Oil & Gas industry and Energy sector, Summit Midstream Partners LP's Days Payable distribution charts can be found below:

* The bar in red indicates where Summit Midstream Partners LP's Days Payable falls into.



Summit Midstream Partners LP Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Summit Midstream Partners LP's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

Days Payable (A: Dec. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2022 ) + Accounts Payable (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (14.052 + 22.714) / 2 ) / 335.967*365
=18.383 / 335.967*365
=19.97

Summit Midstream Partners LP's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

Days Payable (Q: Dec. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2023 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (15.496 + 22.714) / 2 ) / 91.975*365 / 4
=19.105 / 91.975*365 / 4
=18.95

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Summit Midstream Partners LP Days Payable Related Terms

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Summit Midstream Partners LP (Summit Midstream Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
910 Louisiana Street, Suite 4200, Houston, TX, USA, 77002
Summit Midstream Partners LP is a United States-based energy solutions provider involved in the oil and gas industry. The company develops, owns, and operates midstream energy infrastructure assets. The company conduct and reports operations in the midstream energy industry through five reportable segments: Northeast, Rockies, Permian, Piceance, and Barnett. It offers systems that gather natural gas from pad sites, wells, and central receipt points connected to the company's systems with provisions to supply to processing plants, contractors, and end-users. The Majority of its assets are located in the producing areas of unconventional resource basins in the continental United States. It derives the majority of its revenues from the Piceance.
Executives
James David Johnston officer: See remarks below. 910 LOUISIANA STREET, SUITE 4200, HOUSTON TX 77002
Rommel M. Oates director, other: See Remarks. 910 LOUISIANA STREET, SUITE 4200, HOUSTON TX 77002
William J. Mault officer: See remarks below. 910 LOUISIANA STREET, SUITE 4200, HOUSTON TX 77002
Matthew B. Sicinski officer: See remarks below. 910 LOUISIANA STREET, SUITE 4200, HOUSTON TX 77002
James J Cleary director, other: See Remarks. 12 E. 49TH STREET, 39TH FLOOR, NEW YORK NY 10017
Marguerite Woung-chapman director, other: See Remarks. 1001 LOUISIANA, HOUSTON TX 77002
Robert Joseph Mcnally director, other: See Remarks. 625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222
Christopher M Leininger director, other: See Remarks. 11943 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
Francesco Ciabatti director, other: See Remarks. 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
J Heath Deneke director, officer: See remarks below. 700 LOUISIANA STREET, SUITE 2550, HOUSTON TX 77002
James Lee Jacobe director, other: See Remarks. 1790 HUGHES LANDING BLVD., SUITE 500, THE WOODLANDS TX 77380
Energy Capital Partners Ii-c (summit Ip), Lp director, 10 percent owner 51 JOHN F. KENNEDY PARKWAY, SUITE 1250, SHORT HILLS NJ 07078
Energy Capital Partners Ii (summit Co-invest), Lp director, 10 percent owner C/O ENERGY CAPITAL PARTNERS II, 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Energy Capital Partners Ii-b Ip, Lp director, 10 percent owner 51 JOHN F. KENNEDY PARKWAY, SUITE 1250, SHORT HILLS NJ 07078
Energy Capital Partners Ii, Llc director, 10 percent owner, other: See Footnotes 51 JOHN F. KENNEDY PARKWAY, SUITE 1250, SHORT HILLS NJ 07078

Summit Midstream Partners LP (Summit Midstream Partners LP) Headlines