Summit Midstream Partners, LP Reports Third Quarter 2019 Financial Results
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Summit Midstream Partners (SMLP) Misses Q3 EPS by 36c, Revenues Miss
November 8, 2019 6:58 AM ESTSummit Midstream Partners (NYSE: SMLP) reported Q3 EPS of ($0.21), $0.36 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $100.19 million versus the consensus estimate of $114.16 million.
Heath Deneke, President and Chief Executive Officer, commented, "Excluding the remediation expenses and operational issues in the Williston Basin segment, third quarter of 2019 results were in line with expectations and reflected volumetric growth and drilling activity consistent with our expectations from last quarter. Volumes increased sequentially across six of our eight reportable segments, and we expect this trend to continue across many of our... More
