Summit Midstream Partners (SMLP) Tops Q1 EPS by 9c, Revenues Beat

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Go back to Summit Midstream Partners (SMLP) Tops Q1 EPS by 9c, Revenues Beat

Summit Midstream Partners, LP Reports First Quarter 2021 Financial and Operating Results

May 7, 2021 6:45 AM EDT

HOUSTON, May 7, 2021 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today its financial and operating results for the three months ended March 31, 2021, including net income of $9.0 million, adjusted EBITDA of $60.4 million and DCF of $46.2 million. Operated natural gas volume throughput averaged 1,346 million cubic feet per day ("MMcf/d") and liquids volume throughput averaged 65 thousand barrels per day ("Mbbl/d"). Operated natural gas volumes decreased 6.3% relative to the fourth quarter of 2020, largely due to natural production declines and impacts from severe winter weather in some... More