Summit Midstream Partners, LP (SMLP)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Summit Midstream Partners, LP (SMLP) trades at $38.05 with AI Score 46/100 (Grade C). Summit Midstream Partners, LP is a midstream energy infrastructure company focused on natural gas and crude oil gathering services. Market cap: $405.18M, Sector: Energy.
Price live · AI analysis from Mar 15, 2026Analyst Coverage for SMLP: SMLP does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates SMLP against Energy peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
SMLP: the 1 perspectives are evenly split.
How is this calculated? →Summit Midstream Partners, LP (SMLP) Energy Operations & Outlook
Summit Midstream Partners, LP, established in 2009, specializes in owning and operating midstream energy infrastructure, providing natural gas and crude oil gathering services across key U.S. shale formations. The company's assets support producers in regions like the Utica, Williston, and Permian Basins, enhancing its position in the energy value chain.
What Is the Investment Thesis for SMLP?
Summit Midstream Partners, LP presents a focused investment opportunity within the midstream energy sector. The company's strategic asset base in key shale formations, including the Utica, Williston, and Permian Basins, provides a foundation for stable cash flows. Growth catalysts include increased production volumes from these basins and potential acquisitions to expand its footprint. However, investors may want to evaluate the risks associated with commodity price volatility and regulatory changes impacting the energy sector. With a beta of 2.45, SMLP exhibits significant market sensitivity. The company's ability to optimize operational efficiencies and secure long-term contracts will be critical to its long-term success. Monitoring production trends in its core operating areas and assessing its debt management strategies are crucial for evaluating its investment potential.
Based on FMP financials and quantitative analysis
SMLP Key Highlights
- Summit Midstream Partners, LP focuses on midstream energy infrastructure assets primarily in shale formations.
- The company provides natural gas gathering, compression, treating, and processing services.
- SMLP operates in key unconventional resource basins including the Utica, Williston, Denver-Julesburg, and Permian Basins.
- Summit Midstream serves natural gas and crude oil producers.
- The company was founded in 2009 and is headquartered in Houston, Texas.
Who Are SMLP's Competitors?
SMLP is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| CCLP CSI Compressco LP | $2.42 | +3.86% | 345M | 45 |
| DSSI Diamond S Shipping Inc. | $9.69 | +2.00% | $384.82M | 50 |
| GLOP-PA GasLog Partners LP acquires, owns, and | $25.63 | +0.04% | $411.02M | 39 |
| GPP Green Plains Partners LP | $12.31 | -0.53% | 287M | 49 |
| OSG Octave Specialty Group, Inc. | $6.34 | -0.78% | $285.39M | — |
| VG Venture Global, Inc. | $11.13 | +0.91% | $27.18B | 65 |
| GLNG Golar LNG Limited | $49.01 | -1.39% | $4.99B | 64 |
| OKE ONEOK, Inc. | $87.83 | +2.45% | $55.34B | 64 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are SMLP's Key Strengths?
- Strategic asset locations in key shale basins.
- Diversified service offerings including natural gas and crude oil gathering.
- Long-term contracts with producers provide stable revenue.
- Ownership interest in Ohio Gathering enhances market position.
What Are SMLP's Weaknesses?
- Exposure to commodity price volatility.
- Dependence on production volumes in specific shale formations.
- High beta indicates significant market sensitivity.
- Potential for regulatory changes impacting the energy sector.
What Could Drive SMLP Stock Higher?
- Increased production volumes in the Permian Basin driving demand for midstream services.
- Expansion of natural gas exports creating opportunities for gathering and processing.
- Potential acquisitions of complementary midstream assets.
- Development of carbon capture and storage (CCS) infrastructure.
What Are the Key Risks for SMLP?
- Financial-distress signal — its Altman Z-Score of 0.64 sits in the distress zone (elevated bankruptcy risk).
- Negative return on equity (-5.3%) — the business is not currently generating profit on shareholder capital.
- Decline in commodity prices reducing producer activity and demand for midstream services.
- Increased competition from larger midstream operators.
- Regulatory changes impacting pipeline construction and operation.
- Environmental concerns and opposition to fossil fuel infrastructure.
- High beta indicates significant market sensitivity.
What Are the Growth Opportunities for SMLP?
- Expansion in the Permian Basin: The Permian Basin is one of the most prolific oil and gas producing regions in the United States. Summit Midstream Partners, LP can capitalize on this growth by expanding its gathering and processing infrastructure in the region. Increased production volumes in the Permian Basin, driven by technological advancements and favorable economics, present a significant opportunity for SMLP to increase its revenue and market share. This expansion could involve building new pipelines, compression stations, and processing plants to accommodate the growing demand for midstream services. Timeline: Ongoing.
- Increased Natural Gas Demand: The demand for natural gas is expected to increase in the coming years, driven by factors such as the transition to cleaner energy sources and the growth of natural gas exports. Summit Midstream Partners, LP can benefit from this trend by expanding its natural gas gathering and processing capabilities. This includes investing in new infrastructure to transport and process natural gas from shale formations to end markets. The company can also explore opportunities to provide natural gas storage services to meet seasonal demand fluctuations. Timeline: Ongoing.
- Strategic Acquisitions: Summit Midstream Partners, LP can pursue strategic acquisitions to expand its footprint and diversify its asset base. Acquiring complementary midstream assets in key shale basins can enhance the company's competitive position and increase its revenue streams. Potential acquisition targets could include smaller midstream operators or assets that are underutilized or undervalued. A disciplined approach to acquisitions, focusing on assets that align with the company's strategic goals and financial objectives, is essential for maximizing shareholder value. Timeline: Ongoing.
- Development of Carbon Capture and Storage (CCS) Infrastructure: As the energy industry increasingly focuses on reducing carbon emissions, Summit Midstream Partners, LP can explore opportunities to develop carbon capture and storage (CCS) infrastructure. This includes building pipelines to transport captured carbon dioxide from industrial facilities to underground storage sites. CCS technology has the potential to play a significant role in mitigating climate change, and Summit Midstream can position itself as a leader in this emerging market. Timeline: Ongoing.
- Optimization of Existing Assets: Summit Midstream Partners, LP can improve its profitability by optimizing the performance of its existing assets. This includes implementing operational efficiencies, reducing costs, and increasing throughput volumes. The company can also invest in technology upgrades to improve the reliability and efficiency of its infrastructure. By maximizing the utilization of its existing assets, Summit Midstream can generate higher returns on invested capital and enhance its competitive position. Timeline: Ongoing.
What Opportunities Does SMLP Have?
- Expansion in the Permian Basin to capitalize on increased production.
- Increased natural gas demand driving growth in gathering and processing services.
- Strategic acquisitions to expand footprint and diversify asset base.
- Development of carbon capture and storage (CCS) infrastructure.
What Threats Does SMLP Face?
- Decline in commodity prices reducing producer activity.
- Increased competition from larger midstream operators.
- Regulatory changes impacting pipeline construction and operation.
- Environmental concerns and opposition to fossil fuel infrastructure.
What Are SMLP's Competitive Advantages?
- Strategic asset locations in key shale basins create a geographic advantage.
- Long-term contracts with producers provide stable revenue streams.
- Infrastructure assets create barriers to entry for new competitors.
- Ownership interest in Ohio Gathering enhances its market position in the Utica Shale.
What Does SMLP Do?
Summit Midstream Partners, LP, founded in 2009 and headquartered in Houston, Texas, is a midstream energy infrastructure company focused on developing, owning, and operating assets in unconventional resource basins across the continental United States. The company provides a suite of services, including natural gas gathering, compression, treating, and processing, as well as crude oil and produced water gathering. These services are crucial for natural gas and crude oil producers operating in shale formations. Summit Midstream's operations span several key regions, including the Utica and Point Pleasant shale formations in southeastern Ohio, the Williston Basin (Bakken and Three Forks shale formations) in northwestern North Dakota, the Denver-Julesburg Basin (Niobrara and Codell shale formations) in Colorado, the Permian Basin (Bone Spring and Wolfcamp shale formations) in New Mexico, the Piceance Basin (Mesaverde formation, Mancos and Niobrara shale formations) in western Colorado, the Barnett Shale formation in north-central Texas, and the Marcellus Shale formation in northern West Virginia. Additionally, Summit Midstream holds an ownership interest in Ohio Gathering, which operates a natural gas gathering and condensate stabilization facility in the Utica Shale. The company's strategic asset locations and service offerings position it as a key player in supporting energy production across diverse shale plays.
What Products and Services Does SMLP Offer?
- Owns and operates midstream energy infrastructure assets.
- Provides natural gas gathering services.
- Offers natural gas compression services.
- Delivers natural gas treating services.
- Supplies natural gas processing services.
- Provides crude oil gathering services.
- Offers produced water gathering services.
How Does SMLP Make Money?
- Generates revenue through fees for gathering, compressing, treating, and processing natural gas.
- Earns revenue from crude oil and produced water gathering services.
- Revenue is primarily driven by production volumes in the shale formations it serves.
- Contracts with natural gas and crude oil producers provide stable cash flows.
What Industry Does SMLP Operate In?
Summit Midstream Partners, LP operates within the oil and gas midstream sector, which is characterized by the transportation, storage, and processing of hydrocarbons. The industry is influenced by factors such as commodity prices, production levels, and regulatory policies. The competitive landscape includes companies like Crestwood Equity Partners LP (CEQP), which also focus on midstream services. Market trends include increasing demand for natural gas and crude oil, driving the need for expanded midstream infrastructure. Summit Midstream's strategic positioning in key shale basins allows it to capitalize on these trends, but it also faces competition from larger, more diversified players.
Who Are SMLP's Key Customers?
- Natural gas producers operating in shale formations.
- Crude oil producers operating in shale formations.
- Energy companies requiring midstream services.
- Companies operating in the Utica and Point Pleasant shale formations in southeastern Ohio.
FY2026 estForward Outlook
Wall Street analysts project Summit Midstream Partners, LP revenue of about $484.7M for fiscal 2026, with EPS near $8.42.
F-Score 8/9Financial Health
Summit Midstream Partners, LP's Piotroski F-Score is 8/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 0.64 places it in the distress zone, a signal of elevated financial risk.
ROE -5%Key Financial Metrics
Return on equity for Summit Midstream Partners, LP stands at -5.3%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -1.6%, showing how much profit it generates from its asset base. Its free cash flow yield is 14.3%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.73 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is -9.9%, the inverse of the P/E and a quick read on earnings relative to price.
Summit Midstream Partners, LP (SMLP) Valuation Context
Valued at $405.18M, SMLP is classified as a small-cap stock. Relative to its peer group, SMLP's quantitative score of 46/100 is roughly in line with the peer average of 46/100.
Company Profile
Summit Midstream Partners, LP operates in the Oil & Gas Midstream industry within the Energy sector. It is headquartered in Houston, US. The company is led by CEO J. Heath Deneke. SMLP has traded publicly since 2012.
SMLP Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's future, indicating that those closest to the business believe in its potential.
- Community sentiment has shown increasing optimism, with discussions highlighting the company's strategic positioning in the midstream sector.
- Recent developments in energy demand could favor midstream operators, positioning SMLP to benefit from increased throughput and revenue.
- Market perception has improved as investors focus on the resilience of midstream companies during market fluctuations.
Bear Case
- Concerns about regulatory changes in the energy sector have created uncertainty, leading some investors to question the stability of SMLP's operations.
- The recent volatility in energy prices has raised doubts about the long-term sustainability of cash flows for midstream companies like SMLP.
- Community sentiment includes a segment of bearish views focusing on potential overvaluation based on current market conditions.
- Insider selling activity, while not extensive, has raised red flags for some investors, suggesting possible lack of confidence in short-term performance.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
SMLP Latest News
No recent news available for SMLP.
SMLP Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for SMLP.
Price Targets
Wall Street price target analysis for SMLP.
SMLP MoonshotScore
What does this score mean?
The MoonshotScore rates SMLP's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: J. Heath Deneke
CEO
J. Heath Deneke serves as the CEO of Summit Midstream Partners, LP. His background includes extensive experience in the energy industry, with a focus on midstream operations and business development. Prior to joining Summit Midstream, he held leadership positions at various energy companies, where he was responsible for overseeing strategic initiatives, financial performance, and operational efficiency. His expertise spans areas such as pipeline infrastructure, gas processing, and energy transportation.
Track Record: Under J. Heath Deneke's leadership, Summit Midstream Partners, LP has focused on optimizing its asset base and expanding its presence in key shale basins. He has overseen strategic initiatives to improve operational efficiency and enhance the company's financial performance. Key milestones include securing long-term contracts with producers and expanding the company's infrastructure to support growing production volumes.
Common Questions About SMLP (Energy)
What does Summit Midstream Partners, LP do?
Summit Midstream Partners, LP is a midstream energy infrastructure company that focuses on providing natural gas and crude oil gathering, compression, treating, and processing services. The company operates primarily in shale formations across the continental United States, including the Utica, Williston, Denver-Julesburg, and Permian Basins. Summit Midstream's infrastructure assets play a crucial role in connecting producers to end markets, supporting the efficient transportation and processing of hydrocarbons. The company's business model is based on long-term contracts with producers, providing stable revenue streams.
What do analysts say about SMLP stock?
Analyst coverage of Summit Midstream Partners, LP typically focuses on its asset base, financial performance, and growth prospects. Key valuation metrics include enterprise value to EBITDA and distributable cash flow yield. Analysts consider factors such as commodity price volatility, production trends in key shale basins, and the company's debt management strategies. Consensus estimates reflect expectations for revenue growth and profitability improvements, driven by increased production volumes and operational efficiencies. The company's ability to execute its strategic plan and manage its financial obligations is closely monitored by analysts.
What are the main risks for SMLP?
Summit Midstream Partners, LP faces several risks inherent to the midstream energy sector. These include commodity price volatility, which can impact producer activity and demand for midstream services. Regulatory changes, particularly those related to pipeline construction and operation, can also pose challenges. Increased competition from larger midstream operators and environmental concerns related to fossil fuel infrastructure are additional risks. The company's high beta indicates significant market sensitivity, making it vulnerable to broader market downturns. Effective risk management and strategic adaptation are crucial for mitigating these challenges.
What are the key factors to evaluate for SMLP?
Summit Midstream Partners, LP (SMLP) holds an AI score of 46/100 (low). Not financial advice.
How frequently does SMLP data refresh on this page?
SMLP prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven SMLP's recent stock price performance?
Summit Midstream Partners, LP (SMLP) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strategic asset locations in key shale basins. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider SMLP overvalued or undervalued right now?
Valuing Summit Midstream Partners, LP (SMLP) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying SMLP?
Before investing in Summit Midstream Partners, LP (SMLP), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
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- The information provided is based on available data and is subject to change.
- Investment decisions should be based on individual risk tolerance and financial circumstances.