2024-07-16 04:23:58 ET
Summary
- Summit Midstream Partners plans to convert to a C-corp with a 1:1 stock conversion, expected to close in the second half of 2024.
- The company maintains strong assets with an over 85% fixed fee-based gross margin, focusing on natural gas and oil transportation.
- Despite utilization issues in some segments, SMLP is committed to driving shareholder returns by paying down debt and optimizing cash flow.
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Summit Midstream Partners Shows Its Continued Dedication To Shareholders