Summit Midstream Partners (SMLP) Misses Q2 EPS by 91c
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Summit Midstream Partners, LP Reports Second Quarter 2016 Financial Results
August 4, 2016 5:15 PM EDTTHE WOODLANDS, Texas, Aug. 4, 2016 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today its financial and operating results for the three and six months ended June 30, 2016. SMLP reported a net loss of $50.6 million for the second quarter of 2016 compared to a net loss of $2.4 million for the prior year period, primarily due to (i) a loss from equity method investees of $34.5 million related to a $37.8 million impairment charge, net to SMLP, associated with Ohio Gathering's 23 thousand barrel per day ("Mbbl/d") condensate stabilization facility, and (ii) $17.5 million of non-cash accretion... More
