Summit Midstream Partners (SMLP) Misses Q1 EPS by 72c, Revenue sBeat
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Summit Midstream Partners, LP Reports First Quarter 2019 Financial Results
May 9, 2019 4:25 PM EDTTHE WOODLANDS, Texas, May 9, 2019 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today its financial and operating results for the three months ended March 31, 2019. SMLP reported a net loss of $36.9 million for the first quarter of 2019, compared to a net loss of $3.8 million for the prior-year period. Net loss in the first quarter of 2019 included $45.0 million of non-cash, long-lived asset impairments.  Net cash provided by operating activities totaled $52.7 million for the first quarter of 2019, compared to $51.2 million for the prior-year period. Adjusted EBITDA totaled $ÂÂÂ69.0 million and distributable cash flow ("DCF") totaled... More
