Summit Midstream Partners (SMLP) Misses Q3 EPS by 36c, Revenues Miss

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Go back to Summit Midstream Partners (SMLP) Misses Q3 EPS by 36c, Revenues Miss

Summit Midstream Partners, LP Reports Third Quarter 2019 Financial Results

November 8, 2019 6:55 AM EST

THE WOODLANDS, Texas, Nov. 8, 2019 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today its financial and operating results for the three months ended September 30, 2019, including adjusted EBITDA of $72.0 million, DCF of $41.7 million, and a quarterly distribution coverage ratio of 1.75x.  SMLP reported a net loss of $10.6 million in the quarter, which included a $16.2 million non-cash expense related to the impairment of goodwill on the Mountaineer Midstream system, due to a more tempered near-term outlook for the Marcellus Shale reportable segment.  Net loss, adjusted EBITDA and DCF were negatively impacted by approximately $3.9 million... More