Summit Midstream Partners LP (SMLP)
NYSE NYSE Primary 
Summit Midstream: Rough Ride Ahead
Summit Midstream's recent financial reorganization introduces a new major shareholder. The troubled past of Summit Midstream may lead to market mispricing compared to future prospects. The stock's volatility is heightened by the lack of historical performance under the current structure.
Summit Midstream's Stagnation Is Temporary
Summit Midstream has transformed post-COVID-19, improving its financial position and extending debt maturities to 2029, enhancing shareholder returns. The Tall Oak acquisition and portfolio improvements position Summit Midstream for long-term growth, with a focus on natural gas and 8% EBITDA growth. Key risks include the future of the Piceance basin and natural gas demand; however, rising prices and LNG demand are promising.
Summit Midstream's Earnings Reaffirm It As A Great Small Cap
Summit Midstream Corporation is a small-cap company worth almost $400 million that was heavily impacted by COVID-19. The company's non-premium assets have posed challenges, but efforts to clean up the balance sheet are underway. Summit Midstream is focused on generating long-term shareholder returns despite the difficult position it currently finds itself in.
Common Stock of Summit Midstream Corporation to Commence Trading on NYSE on Thursday, August 1
HOUSTON , July 31, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership" or "SMLP"), announced today that it will complete the previously announced conversion (the "Corporate Reorganization") from a master limited partnership to a C-corporation on Thursday, August 1, 2024. Pursuant to the Corporate Reorganization, the unitholders of the Partnership will become shareholders of Summit Midstream Corporation ("New Summit").
Summit Midstream: Refinancing And Conversion To C-Corp Could Mean A Double In The Stock
Summit Midstream has restructured debt, lowered interest expenses, and boosted cash flows after asset sales in Marcellus Basin. The company's conversion from an MLP to a c-corp will broaden shareholder base, potentially leading to material stock appreciation. With a new capital structure, lower interest rates, and potential for higher multiples as a c-corp, SMLP stock could double in the next twelve months.
Summit Unitholders Approve Conversion to a C-Corporation
Summit Schedules Second Quarter 2024 Earnings Call and Announces 2023 K-3 Tax Form Availability HOUSTON , July 18, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP" or the "Partnership") announced today that, at its Special Meeting of Unitholders ("Special Meeting") held today, unitholders voted to approve the conversion from a master limited partnership ("MLP") to a C-corporation (the "Corporate Reorganization"). Heath Deneke, President, Chief Executive Officer, and Chairman of the Board, commented, "I would like to thank all of our unitholders for their strong support for Summit's conversion to a C-corporation.
Summit Advances Planned Conversion to C-Corporation to Facilitate Growth and Value Creation
Schedules July 18 th Special Meeting for Unitholder Approval: Recommends Common Unitholders Vote "FOR" C-Corporation Conversion Files Investor Presentation, Outlining Benefits for Summit Unitholders HOUSTON , June 17, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP" or the "Partnership") announced today that it filed a proxy statement/prospectus (the "Proxy Statement/Prospectus") and investor presentation and scheduled a Special Meeting of Common Unitholders (the "Special Meeting") to vote on the reorganization from a master limited partnership ("MLP") to a C-corporation. The Special Meeting will be held virtually on July 18, 2024 at 2:00 p.m.
