Summit Midstream Partners (SMLP) Misses Q4 EPS by $2.74
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Summit Midstream Partners, LP Reports Fourth Quarter and Full Year 2021 Financial and Operating Results & Provides Full Year 2022 Guidance
February 25, 2022 6:45 AM ESTHOUSTON, Feb. 25, 2022 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today its financial and operating results for the three months ended December 31, 2021, including net loss of $16.2 million, adjusted EBITDA of $54.7 million and DCF of $29.9 million. Operated natural gas throughput from wholly owned assets averaged 1,307 million cubic feet per day ("MMcf/d") and liquids throughput averaged 62 thousand barrels per day ("Mbbl/d"). Operated natural gas volumes from wholly owned assets decreased 2.0% relative to the third quarter of 2021, largely due to natural production declines, which was... More
