Summit Midstream Partners, LP (SMLP) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	8-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Piceance Basin				133.6	155.5	154.9
Williston Basin				105.7	123.7	161.5		98.9
Barnett Shale				71.8	68.3	71.7		88.0
Utica Shale				34.0	35.2	38.9		4.7
Other				98.4	124.0	61.8		208.9
Total revenues [+]	369.6	400.6	383.5	443.5	506.7	488.7	402.4	400.6
Natural gas midstream								337.8
Other	35.0							20.7
Revenue growth [+]	-7.7%	4.5%	-13.5%	-12.5%	3.7%	21.5%	0.5%	3.5%
Piceance Basin				-14.1%	0.4%
Williston Basin				-14.6%	-23.4%			-9.9%
Barnett Shale				5.2%	-4.7%			-5.3%
Utica Shale				-3.5%	-9.4%			2373.7%
Corporate and other				-65.4%	233.8%
Cost of goods sold [+]	0.0	156.1	126.9	162.2	204.5	151.1	122.8	126.4
Maintenance and operations costs		74.2	86.0	98.7	96.9	93.9	95.3	95.0
Oil & gas costs								31.4
Gross profit	369.6	244.5	256.6	281.4	302.1	337.6	279.6	274.2
Gross margin	100.0%	61.0%	66.9%	63.4%	59.6%	69.1%	69.5%	68.4%
Selling, general and administrative [+]	44.9	58.2	73.4	55.9	52.9	54.7	52.4	45.1
General and administrative	44.9	58.2	73.4	55.9	52.9	54.7	52.4	45.1
Equity in earnings	18.1	7.9	11.3	-337.9	-10.9	-2.2	-30.3	-6.6
Other operating expenses	265.4	41.9	-408.2	-343.3	10.3	-158.8	25.4	-6.7
EBITDA [+]		153.2	603.6	232.0	227.8	438.9	171.9	230.0
EBITDA growth	-49.5%	-74.6%	160.1%	1.9%	-48.1%	155.3%	-25.3%	29.0%
EBITDA margin	20.9%	38.2%	157.4%	52.3%	45.0%	89.8%	42.7%	57.4%
Depreciation and amortization		120.0	119.1	111.6	106.8	114.9	112.7	105.9
EBIT [+]	77.4	33.2	484.5	120.5	121.0	324.0	59.2	124.1
EBIT growth	133.1%	-93.1%	302.2%	-0.4%	-62.7%	447.1%	-52.3%	43.5%
EBIT margin	20.9%	8.3%	126.3%	27.2%	23.9%	66.3%	14.7%	31.0%
Non-recurring items [+]	98.1	12.4	24.9	83.2	7.2	189.3	3.2	259.5
Asset impairment	91.6	10.2	13.1	76.7	7.2	188.7	1.8	258.2
Loss (gain) on sale of assets	-0.5	-0.4	-0.3	-1.5		0.5	0.1
Interest expense, net [+]	102.5	66.2	78.9	92.0	60.5	68.1	63.8	59.1
Interest expense	102.5	66.2	78.9	92.0	60.5	68.1	63.8	59.1
Interest income								0.0
Other income (expense), net [+]		17.2	-203.1			22.0		-21.8
Gain (loss) on debt retirement		-3.5	203.1			-22.0
Environmental remediation expense								21.8
Other								-21.8
Pre-tax income	-123.1	-28.2	177.7	-54.6	53.3	88.6	-7.8	-216.3
Income taxes	0.3	-0.3	-0.1	1.2	0.0	0.3	0.1	-0.6
Tax rate		1.2%			0.1%	0.4%		0.3%
Minority interest			3.3	-209.3	0.2	0.4	0.0
Net income	-123.5	-19.9	185.8	-184.5	32.8	75.5	-48.2	-195.6
Net margin	-33.4%	-5.0%	48.5%	-41.6%	6.5%	15.4%	-12.0%	-48.8%

Basic EPS [+]	($12.14)	($2.96)	$51.73	($61.06)	$0.45	$1.04	($0.71)	($3.07)
Growth	310.3%	-105.7%	-184.7%	-13745.7%	-56.9%	-247.1%	-77.0%	554.4%
Diluted EPS [+]	($12.14)	($2.96)	$50.30	($61.06)	$0.45	$1.03	($0.71)	($3.07)
Growth	310.3%	-105.9%	-182.4%	-13803.6%	-56.9%	-246.4%	-77.0%	554.4%

Dividends per share [+]				$9.43	$2.47	$2.46		$2.39
Growth			-100.0%	282.7%	0.1%		-100.0%	12.9%

Shares outstanding (basic) [+]	10.2	6.7	3.6	3.0	73.3	72.7	68.3	63.6
Growth	50.8%	87.7%	18.9%	-95.9%	0.8%	6.5%	7.3%	10.2%
Shares outstanding (diluted) [+]	10.2	6.7	3.7	3.0	73.6	73.0	68.3	63.6
Growth	50.8%	82.5%	22.3%	-95.9%	0.8%	7.0%	7.3%	10.2%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.