Summit Midstream Partners, LP SMLP Income Statement

Summit midstream partners, lp (SMLP)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13
Revenues:
Total revenues
417,023	443,528	464,952	492,244	520,741	506,653	499,181	496,647	470,256	488,741	489,625	459,753	447,596	402,362	387,694	407,822	405,041	400,557	425,162	394,745	393,875	387,169	366,845	358,080	343,557	326,160	0	0	0
Amortization of favorable and unfavorable contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Costs and expenses:
Cost of natural gas and NGLs
39,904	63,438	86,914	106,321	119,134	107,661	92,458	83,756	68,471	57,237	43,609	32,418	30,183	27,421	26,564	26,537	28,247	31,398	55,076	60,959	67,503	72,415	75,133	76,105	74,425	68,037	0	0	0
Operation and maintenance
95,176	97,587	97,597	95,748	96,496	96,878	97,323	95,244	94,794	93,882	93,034	93,790	93,184	95,334	96,251	97,852	98,037	94,986	99,446	96,626	95,828	94,869	89,538	86,854	82,428	78,175	0	0	0
General and administrative
53,236	54,139	50,712	52,503	55,773	52,877	53,920	55,469	54,934	54,681	54,657	53,736	53,663	52,410	49,171	47,632	46,388	45,108	49,215	47,800	45,827	43,281	42,361	40,455	39,202	36,716	0	0	0
Depreciation and amortization
112,108	110,206	108,829	108,166	108,150	107,100	109,495	111,679	113,583	115,475	114,753	113,805	113,080	112,239	110,842	109,259	107,315	105,117	104,805	100,613	96,029	90,878	86,050	82,333	77,699	71,232	0	0	0
Transaction costs
849	1,788	1,022	893	893	0	11	11	130	73	144	144	147	1,321	1,384	1,706	2,406	1,342	3,564	3,304	2,558	2,985	895	981	3,340	2,841	0	0	0
Environmental remediation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Loss (gain) on asset sales, net
460	1,536	1,589	1,236	887	0	9	-445	-450	-527	-599	-152	-159	-93	-66	-53	235	172	214	208	0	-	0	0	-	-	-	-	-
Long-lived asset impairment
19,377	60,507	50,080	51,620	52,137	7,186	189,252	189,002	188,418	188,702	1,600	1,482	2,048	1,764	9,437	8,265	0	-	0	0	-	-	0	-	-	-	-	-	-
Goodwill impairment
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total costs and expenses
336,401	402,340	409,776	414,015	431,696	371,702	542,450	535,606	520,780	510,577	308,396	295,527	292,464	290,582	538,279	563,564	562,114	557,735	404,728	374,228	372,891	369,574	294,096	286,847	277,207	257,114	0	0	0
Other (expense) income
-186	451	57	103	47	-169	162	183	220	298	238	210	165	116	92	42	23	2	1,188	1,188	1,189	1,189	118	5	5	5	0	0	0
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-
Interest expense
77,120	74,429	70,517	66,044	62,940	60,535	61,069	63,821	66,537	68,131	68,043	66,162	64,644	63,810	61,879	60,506	60,070	59,092	64,944	61,142	56,346	48,586	37,980	34,359	26,579	21,314	0	0	0
Early extinguishment of debt
-	-	-	-	-	-	-	-	-	-22,039	-22,020	-22,020	-22,020	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Purchase Price Obligation expense
-4,112	-1,982	-20,885	-61,849	3,744	20,975	-91,889	-125,184	-199,547	-200,322	-29,936	46,751	69,274	55,854	31,116	24,928	7,463	0	0	0	0	-	-	-	-	-	-	-	-
Income (loss) before income taxes and income (loss) from equity method investees
7,428	-30,808	5,601	74,137	22,408	53,272	-12,306	22,568	82,687	88,614	121,340	29,503	-641	-7,768	-243,488	-241,134	-224,583	-216,268	-43,322	-39,437	-34,173	-29,802	34,887	36,879	39,776	47,737	0	0	0
Income tax benefit (expense)
939	1,174	1,315	1,259	411	33	12	223	-282	341	351	33	604	75	-828	-487	-1,110	-603	564	393	1,125	854	806	955	707	729	0	0	0
Income (loss) from equity method investees
-334,099	-337,851	-8,382	-8,874	-12,715	-10,888	-2,235	-716	-181	-2,223	-2,694	-2,774	-33,860	-30,344	-30,410	-30,920	65	-6,563	0	0	0	-	-	-	-	-	-	-	-
Net income (loss)
-327,610	-369,833	-4,096	64,004	9,282	42,351	-14,553	21,629	82,788	86,050	118,295	26,696	-35,105	-38,187	-273,070	-271,567	-223,408	-222,228	-68,092	-63,796	-55,778	-47,368	34,081	35,924	39,069	47,008	0	0	0
Net income attributable to Summit Investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-2,745	62,357	42,294	36,913	30,016	-58,662	-36,875	-29,908	-23,376	4,042	5,307	4,420	3,424	0	0	0
Net income attributable to noncontrolling interest
-	-	0	25	-	168	249	315	346	363	376	401	44	-14	-108	-224	44	0	0	0	0	-	-	-	-	-	-	-	-
Net (loss) income attributable to SMLP
-	-	-4,096	63,979	-	42,183	-14,802	21,314	82,442	85,687	117,919	26,295	-35,149	-40,918	-275,287	-253,605	-200,333	-192,212	-9,430	-26,921	-25,870	-23,992	30,039	30,617	34,649	43,584	0	0	0
Net income attributable to General Partner, including IDRs
0	-12	-2,919	-6,198	-7,338	-9,384	-8,237	-8,957	-10,168	-10,202	-15,095	-8,959	-7,543	-7,261	-9,873	-9,602	-6,776	-3,398	306	-898	-1,988	-3,125	2,926	1,856	1,216	1,035	0	0	0
Net income (loss) attributable to limited partners
-327,610	-369,845	-7,015	57,781	1,861	32,799	-23,039	12,357	72,274	75,485	107,098	17,336	-42,692	-48,179	-277,700	-256,289	-203,973	-195,610	-15,986	-32,273	-30,132	-27,117	27,113	28,761	33,433	42,549	0	0	0
Loss per limited partner unit:
Weighted-average limited partner units outstanding:
Cash distributions declared per common unit (in dollars per unit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.52	0.50	0.48	-	0.43	0.42	0.41
Earnings per common unit basic (in dollars per unit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.25
Earnings per common unit diluted (in dollars per unit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.25
Earnings per subordinated unit basic and diluted (in dollars per unit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.25
Weighted-average common units outstanding basic (in units)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,412
Weighted-average common units outstanding diluted (in units)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,455
Weighted-average subordinated units outstanding basic and diluted (in units)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,409
Gathering Services and Related Fees
Total revenues
323,575	326,747	327,282	332,741	347,219	344,616	355,916	365,559	360,775	394,427	410,262	394,488	385,874	345,961	332,634	353,912	347,479	337,819	344,887	299,911	286,015	267,478	230,630	228,227	220,283	216,352	0	0	0
Natural Gas, NGLs and Condensate Sales
Total revenues
62,846	86,994	111,247	133,045	146,645	134,834	115,829	104,752	83,456	68,459	54,741	41,379	39,365	35,833	34,536	33,668	37,054	42,079	53,407	68,667	83,403	97,094	102,986	101,103	98,197	88,185	0	0	0
Other Revenues
Total revenues
30,602	29,787	26,423	26,458	26,877	27,203	27,436	26,336	26,025	25,855	24,622	23,886	22,357	20,568	20,524	20,242	20,508	20,659	26,868	26,167	24,457	22,597	0	0	0	-	-	-	-
Series A Preferred Units
Net income (loss) attributable to limited partners
28,500	28,500	28,500	28,500	28,500	28,500	0	14,250	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common units
Net income (loss) attributable to limited partners
-357,113	-398,403	-35,515	29,281	-26,639	4,299	0	27,004	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (in dollars per share)
-0.03	-4.02	-0.21	-0.03	-0.58	0.39	0.64	-0.79	-0.18	-	1.23	0.12	-	-	-	-0.77	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in dollars per share)
-0.03	-4.02	-0.21	-0.03	-0.58	0.39	0.64	-0.79	-0.18	-	1.22	0.12	-	-	-	-0.77	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (shares)
93,675	88,249	82,718	82,700	75,793	73,370	73,356	73,356	73,134	-	73,059	72,532	-	-	-	66,587	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (shares)
93,675	88,249	82,718	82,700	75,793	74,214	73,756	73,356	73,134	-	73,433	72,842	-	-	-	66,587	-	-	-	-	-	-	-	-	-	-	-	-	-