Recap: Summit Midstream Partners Q1 Earnings

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Summit Midstream Partners SMLP reported its Q1 earnings results on Friday, May 5, 2023 at 07:00 AM.

Here's what investors need to know about the announcement.

Earnings

Summit Midstream Partners missed estimated earnings by 1616.67%, reporting an EPS of $-1.82 versus an estimate of $0.12.

Revenue was up $16.37 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $1.73 which was followed by a 7.4% increase in the share price the next day.

Here's a look at Summit Midstream Partners's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -1.30 -0.60 -1.06 -1.08
EPS Actual -3.03 -1.28 -9.53 1.32
Revenue Estimate 70.50M 68.40M 62.20M 82.73M
Revenue Actual 85.72M 88.68M 99.06M 96.13M

To track all earnings releases for Summit Midstream Partners visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: EarningsBZI-Recaps

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