- Summit Midstream Partners has removed the bankruptcy risk it faces, however, the market still has not responded.
- The company continues to have an impressive asset portfolio generating strong DCF with strong incremental capacity.
- With the company's Double E pipeline online, it'll be able to focus on FCF and paying down its debt.
- The discrepancy between debt and market cap with the DCF means the ability to substantially increase shareholder returns just by paying down debt.
- Debt paydowns and lower interest payments will also support dramatic future DCF increases.
For further details see:
Summit Midstream Partners Deserves More From The Market