Summit Midstream Partners, LP (NYSE:SMLP) is reporting second quarter financial results on Friday 7th August 2020, before market open.
According to analysts surveyed by Thomson Reuters, SMLP is expected to report 2Q20 income of $ 0.30 per share from revenue of $ 100.08 million.
For the full year, analysts anticipate top line of $ 402.02 million, while looking forward to income of $ 0.36 per share bottom line.
Previous Quarter Performance
Summit Midstream Partners, LP revealed for the first quarter of per share, from the revenue of $ 104.90 million. The quarterly revenues compared with the same quarter last year. The consensus estimates are income of $ 0.05 per share from $ 105.71 million in revenue. The bottom line results missed street analysts by $ 0.12 or 240 percent, at the same time, top line results fell short of analysts by $ 0.81 million or 0.77 percent.
Historical Earnings Performance
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Stock Performance
The company has a market capital of $ 89.63 million and is part of the Energy sector and Oil & Gas Midstream industry.
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Conference Call
Summit Midstream Partners, LP will be hosting a conference call at 10:00 AM eastern time on 7th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.summitmidstream.com
Summit Midstream Partners, LP focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. The company provides natural gas gathering, treating, and processing services, as well as crude oil and produced water gathering services. Its unconventional resource basins include the Appalachian Basin, which comprise the Utica and Point Pleasant shale formations in southeastern Ohio, and the Marcellus Shale formation in northern West Virginia; the Williston Basin that consists of the Bakken and Three Forks shale formations in northwestern North Dakota; the Denver-Julesburg Basin, which include the Niobrara and Codell shale formations in northeastern Colorado; the northern Delaware Basin that comprise the Wolfcamp and Bone Spring formations, in southeastern New Mexico; the Piceance Basin, which include the Mesaverde formation, and the Mancos and Niobrara shale formations in western Colorado and eastern Utah; and the Fort Worth Basin that comprises the Barnett Shale formation in north-central Texas.
