SMLP - Summit Midstream Partners GAAP EPS of $1.32 beats by $2.74 revenue of $96.13M

Summit Midstream Partners press release (NYSE:SMLP): Q1 GAAP EPS of $1.32 beats by $2.74. Revenue of $96.13M (-3.2% Y/Y). Adjusted EBITDA of $56.8 million and cash flow available for distributions of $31.8M. Operated natural gas throughput from wholly owned assets averaged 1,306M cubic feet per day ("MMcf/d") and liquids throughput averaged 65 thousand barrels per day ("Mbbl/d"). Revised 2022 Adjusted EBITDA guidance range of $205 million to $220 million, an increase of $5 million relative to the midpoint of SMLP's initial guidance range. Updated 2022 well connect guidance range includes 30 to 40 incremental well connects in the second half of 2022, represents a nearly 40% increase in customer activity levels assumed in SMLP's initial full year 2022 guidance range provided in February. Increased the lower end of SMLP's initial 2022 adjusted EBITDA guidance by $10 million, establishing a new 2022 adjusted EBITDA guidance range of $205 million to $220

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Summit Midstream Partners GAAP EPS of $1.32 beats by $2.74, revenue of $96.13M