Summit Midstream Partners (SMLP) Tops Q2 EPS by 76c, Revenues Miss

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Go back to Summit Midstream Partners (SMLP) Tops Q2 EPS by 76c, Revenues Miss

Summit Midstream Partners, LP Reports Second Quarter 2020 Financial and Operating Results

August 7, 2020 6:30 AM EDT

HOUSTON, Aug. 7, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today its financial and operating results for the three months ended June 30, 2020, including net income of $56.7 million, adjusted EBITDA of $64.6 million and DCF of $42.7 million.  Net income included a $54.2 million gain from early extinguishment of debt as a result of SMLP's open market repurchases of senior unsecured notes at discounts to par value.  Operated natural gas volume throughput averaged 1,391 MMcf/d and liquids volume throughput averaged 76 Mbbl/d for the quarter.  Increased quarterly operated natural gas volume throughput was... More