Summit Midstream Partners (SMLP) Tops Q3 EPS by 39c, Revenues Beat
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Summit Midstream Partners, LP Reports Third Quarter 2018 Financial Results and Provides Update for Double E Pipeline
November 8, 2018 4:15 PM ESTTHE WOODLANDS, Texas, Nov. 8, 2018 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today its financial and operating results for the three and nine months ended September 30, 2018. SMLP reported net income of $57.5 million for the third quarter of 2018, compared to net income of $93.6 million for the prior-year period. Net income in the third quarter of 2018 included $37.2 million of non-cash income related to a decrease in the present value of the estimated Deferred Purchase Price Obligation ("DPPO"). Net income for the prior-year period included $70.5 million of non-cash income related to... More
