Summit Midstream Partners (SMLP) Misses Q4 EPS by 254c ; Provides Outlook

Summit Midstream Partners (NYSE: SMLP) reported Q4 EPS of ($2.12), $2.54 worse than the analyst estimate of $0.42. Revenue for the quarter came in at $127.32 million versus the consensus estimate of $100.6 million.

2024 Guidance

SMLP is releasing guidance for 2024, which is summarized in the table below. These projections are subject to risks and uncertainties as described in the \"Forward-Looking Statements\" section at the end of this release.

Our guidance range is anchored by recent drilling and completion schedules provided by our customers and is reflective of the current commodity price environment. We have taken a consistent approach to our 2024 guidance range that we did with our 2023 guidance range. If our producer customers hit their production targets and timing of planned well connects, we would expect to be near the high end of our 2024 guidance range. The midpoint of our guidance range reflects a conservative, yet appropriate, level of risking to the most recent drill schedules and volume forecasts provided by our customers. The low end of our guidance range reflects additional delays to customer drilling and completion schedules and planned well connects.

For earnings history and earnings-related data on Summit Midstream Partners (SMLP) click here.

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