2024-03-18 08:06:16 ET
Summary
- Summit Midstream Partners has a market cap consistently below $200 million and is burdened by rising debt.
- The company had a strong 2023 with adjusted EBITDA of $75 million and is focused on strategic alternatives for long-term survival.
- Despite concerns about debt and interest rates, the company's financial picture has improved and it expects continued success in its portfolio.
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Summit Midstream Partners: Potential For Strong Performance, If It Can Survive