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home / news releases / ET - Summit Midstream: Refinancing And Conversion To C-Corp Could Mean A Double In The Stock

ET - Summit Midstream: Refinancing And Conversion To C-Corp Could Mean A Double In The Stock

Energy Transfer LP

2024-07-20 11:30:42 ET

Summary

  • 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.

Impact of Refinancing and New Corporate Structure:

For further details see:

Summit Midstream: Refinancing And Conversion To C-Corp Could Mean A Double In The Stock
Stock Information
Company Name: Energy Transfer LP
Stock Symbol: ET
Market: NYSE
Website: energytransfer.com
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