SMLP - Summit Midstream Partners GAAP EPS of -$1.91 misses by $1.99 revenue of $97.89M beats by $1.69M
2023-08-09 16:23:37 ET
- Summit Midstream Partners press release ( NYSE: SMLP ): Q2 GAAP EPS of -$1.91 misses by $1.99 .
- Revenue of $97.89M (-1.2% Y/Y) beats by $1.69M .
- Expect third and fourth quarter Adjusted EBITDA to range from $65 million to $75 million and $75 million to $85 million, respectively
- Updating 2023 Adjusted EBITDA guidance to $260 million to $280 million to reflect completion delays trending one to two quarters behind schedule and lower-than-expected commodity price impacts
- Customer base remains active with 11 drilling rigs and more than 180 DUCs behind our systems currently
- Trending towards $300 million of LTM Adjusted EBITDA during the first half of 2024
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Summit Midstream Partners GAAP EPS of -$1.91 misses by $1.99, revenue of $97.89M beats by $1.69M