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Summit Midstream Partners, LP (SMLP)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   8-K10-K10-K10-K10-K10-K10-K10-K
Revenues:          
Total revenues  369.6400.6383.5443.5506.7488.7402.4400.6
            Total revenues growth  -7.7%4.5%-13.5%-12.5%3.7%21.5%0.5%3.5%
Costs and expenses:          
Operation and maintenance   74.286.098.796.993.995.395.0
General and administrative  44.958.273.455.952.954.752.445.1
Depreciation and amortization   119.1118.1110.4107.1115.5112.2105.1
Transaction costs  7.01.73.03.0 0.11.31.3
Gain on asset sales, net  -0.5-0.4-0.3-1.5 0.50.1 
Long-lived asset impairments   10.213.160.57.2188.71.89.3
    Total costs and expenses  143.0690.0673.4818.7371.71,021.5581.3557.7
Other income (expense), net   -0.60.00.5-0.20.30.10.0
Interest expense  -102.5-66.2-78.9-92.0-60.5-68.1-63.8-59.1
    Loss before income taxes and equity method investment income  -123.1-28.2177.7-54.653.388.6-7.8-216.3
Income tax benefit (expense)  -0.30.30.1-1.20.0-0.3-0.10.6
            Tax rate   1.2%  0.1%0.4% 0.3%
Income from equity method investees  18.17.911.3-337.9-10.9-2.2-30.3-6.6
    Net loss   -19.9189.1-393.742.486.1-38.2-222.2
   
Less: Net income attributable to Subsidiary Series A Preferred Units          
    Net loss attributable to Summit Midstream Partners, LP  -123.5-36.6178.9 42.285.7-40.9-192.2
   
    Net loss attributable to common limited partners          
Net loss per limited partner unit:          
Common unit - basic (in dollars per share)  $16,414.00($6.57)$73.22($70.50)$0.06$0.99($0.71) 
Common unit - diluted (in dollars per share)  $16,414.00($6.57)$73.22($70.50)$0.06$0.99($0.71) 
   
Weighted-average limited partner units outstanding:          
Common units - basic (in shares)          
Common units - diluted (in shares)          

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