Summit Midstream Partners, LP

Summit Midstream Partners, LPverified

SMLP

Price:

$38.05

Market Cap:

$405.18M

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, compression, treating, and processing services, as well as crude oil and produced water gathering services. Its unconventional resource basins include the Utica and Point Pleasant shale formations in southeastern Ohio; 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 Colorado; the Permian Basin that comprise the Bone Spring and Wol...[Read more]

Industry

Oil & Gas Midstream

IPO Date

2012-09-28

Stock Exchange

NYSE

Ticker

SMLP

The Current Ratio as of September 2024 (TTM) for Summit Midstream Partners, LP (SMLP) is 2.64

According to Summit Midstream Partners, LP’s latest financial reports and current stock price. The company's current Current Ratio is 2.64. This represents a change of 118.27% compared to the average of 1.21 of the last 4 quarters.

Summit Midstream Partners, LP (SMLP) Historical Current Ratio (quarterly & annually)

How has SMLP Current Ratio performed in the past?

The mean historical Current Ratio of Summit Midstream Partners, LP over the last ten years is 1.29. The current 2.64 Current Ratio has changed 20.33% with respect to the historical average. Over the past ten years (40 quarters), SMLP's Current Ratio was at its highest in in the March 2024 quarter at 2.64. The Current Ratio was at its lowest in in the June 2021 quarter at 0.09.

Quarterly (TTM)
Annual

Average

1.29

Median

1.17

Minimum

0.73

Maximum

1.97

Summit Midstream Partners, LP (SMLP) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Summit Midstream Partners, LP Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 71.68%

Maximum Annual Current Ratio = 1.97

Minimum Annual Increase = -27.59%

Minimum Annual Current Ratio = 0.73

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.73-11.24%
20220.83-24.96%
20211.10-8.12%
20201.20-27.59%
20191.6671.68%
20180.97-14.67%
20171.13-25.60%
20161.52-14.96%
20151.79-9.34%
20141.9725.29%

Summit Midstream Partners, LP (SMLP) Average Current Ratio

How has SMLP Current Ratio performed in the past?

The current Current Ratio of Summit Midstream Partners, LP (SMLP) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

0.89

5-year avg

1.10

10-year avg

1.29

Summit Midstream Partners, LP (SMLP) Current Ratio vs. Peers

How is SMLP’s Current Ratio compared to its peers?

Summit Midstream Partners, LP’s Current Ratio is greater than Genesis Energy, L.P. (1.09), greater than Brooge Energy Limited (0.11), greater than Green Plains Partners LP (1.18), greater than Holly Energy Partners, L.P. (0.11), greater than Hess Midstream LP (1.11), greater than DT Midstream, Inc. (0.84), greater than NGL Energy Partners LP (1.15), greater than Martin Midstream Partners L.P. (1.27), greater than NGL Energy Partners LP (1.15), greater than NuStar Energy L.P. (0.81), greater than Western Midstream Partners, LP (1.68), greater than EnLink Midstream, LLC (0.65), greater than DCP Midstream, LP 7.875 CUM RED B (0.88), greater than NuStar Energy L.P. 9.00% CUM PFD C (0.81), greater than NuStar Energy L.P. (0.81), greater than GasLog Ltd. (0.90), greater than Tsakos Energy Navigation Limited (0),

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