SMLP - Summit Midstream Partners GAAP EPS of -$3.42 revenue of $99.21M; initiates FY22 guidance

Summit Midstream Partners press release (NYSE:SMLP): Q4 GAAP EPS of -$3.42. Revenue of $99.21M (+2.9% Y/Y). Providing 2022 adjusted EBITDA guidance of $195 million to $220 million based on 75 to 110 new well connections and total capital expenditure guidance of $20 million to $35 million, excluding $10 million of Double E capex. "We expect our wholly owned natural gas gathering system throughput to range from approximately 1,172 MMcf/d to 1,270 MMcf/d, as compared to 1,356 MMcf/d in 2021. In 2022, we expect to generate cash flow after interest expense, capital expenditures, investments in Double E and other cash expenditures of $65 million to $85 million, which we plan to utilize to further reduce our indebtedness."

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Summit Midstream Partners GAAP EPS of -$3.42, revenue of $99.21M; initiates FY22 guidance