Summit Midstream Partners, LP (SMLP) posted a fourth quarter net loss of $15.1 million compared to a loss of $23.9 million, a year ago. Net loss per limited partner unit was $2.12 compared to a loss of $3.03. Total revenues increased to $127.32 million from $85.72 million, last year.
As of December 31, 2023, SMLP had $14.0 million in unrestricted cash on hand and $313 million drawn under $400 million ABL Revolver and $82.7 million of borrowing availability.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.