Summit Midstream Partners, LP (SMLP) Research
Summit Midstream Partners, LP (SMLP) is an energy enterprise primarily dedicated to acquiring, expanding, and managing essential midstream infrastructure assets. The company predominantly concentrates its efforts on various shale formations located throughout the continental United States. SMLP's service offerings encompass a broad range of midstream activities, including the collection, compression, treatment, and processing of natural gas, as well as the gathering of crude oil and produced water. The firm's operational presence spans a diverse array of prominent unconventional resource basins. These key areas include the Utica and Point Pleasant shale formations in southeastern Ohio; the Williston Basin, which comprises the Bakken and Three Forks shale plays in northwestern North Dakota; and the Denver-Julesburg Basin in Colorado, home to the Niobrara and Codell shale formations. Operations also extend to the Permian Basin in New Mexico, targeting the Bone Spring and Wolfcamp shales. In western Colorado, SMLP is active within the Piceance Basin, handling production from the Mesaverde, Mancos, and Niobrara formations. Further strategic locations include the Barnett Shale in north-central Texas and the Marcellus Shale in northern West Virginia. Beyond its direct operations, Summit Midstream Partners possesses an ownership stake in Ohio Gathering, an entity that owns and operates facilities for natural gas gathering and condensate stabilization within southeastern Ohio's Utica Shale. The company primarily serves natural gas and crude oil producers. Established in 2009, SMLP is governed by its general partner, Summit Midstream GP, LLC, and its corporate headquarters are situated in Houston, Texas.
Market snapshot
- Symbol
- SMLP
- Price
- $38.05
- Day change
- +3.65%
- Market cap
- $405.2M
- P/E ratio
- -10.10x
- 52-week range
- 13.0-40.75
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- Analyst price target
- $22.50
Peer companies
Recent insider activity
- PETERS JERRY L — D-Return (30239 shares) on 2024-08-01
- Oates Rommel M. — D-Return (19375 shares) on 2024-08-01
- Jacobe James Lee — D-Return (38891 shares) on 2024-08-01
- McNally Robert Joseph — D-Return (30209 shares) on 2024-08-01
- CLEARY JAMES J — D-Return (30209 shares) on 2024-08-01
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