Summit Midstream Partners Revenue, Profits - SMLP Annual Income Statement

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$16.9 $0.1 (0.6%) SMLP stock closing price Aug 17, 2018 (Closing)

SMLP stock valuation based on fundamental analysis involves checking and analyzing financial statements and not just the Summit Midstream Partners stock price. The income statement gives the investor an understanding of the topline or revenue and bottomline or profit numbers of the company and helps investors evaluate if a company has been growing or not. The income statement is generated for a specific period of time, typically a year or a quarter. The revenue increase to $488.74M for 2017 impacts the SMLP stock. Investors typically check year over year or quarter over quarter revenue growth. The Summit Midstream Partners profit and loss statement for 2017 shows a net profit of $85.68M. Profits for last year was $-40.91M. Apart from this an investor should also check Summit Midstream Partners assets and Summit Midstream Partners free cash flow.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec20172016201520142013201220112010
Summit Midstream Partners Revenues or Net Sales
488.74M402.36M371.31M330.68M242.8M165.49M103.55M31.67M
Cost Of Goods Sold (COGS)151.11M122.75M118.68M134.36M91M51.65M29.85M9.5M
Summit Midstream Partners Gross Profit
337.62M279.6M252.63M196.32M151.79M113.84M73.69M22.17M
Research & Development Expense--------
Selling General & Admin Expense54.75M53.73M37.33M34.74M27.32M23.37M20.64M10.03M
Income Before Depreciation Depletion Amortization282.86M225.87M215.3M161.57M124.47M90.46M53.05M12.13M
Depreciation Depletion Amortization115.47M112.23M96.18M82.99M60.82M35.29M11.36M3.87M
Non Operating Income-10.64M-57.59M-257.98M-58.95M-0.1M---
Interest Expense68.13M63.81M48.61M40.15M19.17M12.76M3.05M-
Summit Midstream Partners Pretax Income
88.61M-7.76M-187.48M-20.53M44.36M42.4M38.64M8.29M
Provision for Income Taxes---0.67M-----
MinorityInterest-2.73M5.4M2.82M----
Investment Gains Losses--------
Other Income-2.22M-30.34M------
Income Before Extraordinaries & Disc Operations86.05M-38.18M-186.8M-21.16M43.63M41.72M37.95M8.17M
Extraordinary Items & Discontinued Operations--------
Summit Midstream Partners Profit/ Loss (Net Income)
85.68M-40.91M-192.21M-23.99M43.63M41.72M37.95M8.09M
Average Shares used to compute Diluted EPS73.05M68.26M39.22M33.31M27.1M24.54M--
Average Shares used to compute Basic EPS72.71M68.26M39.22M33.31M26.95M24.41M--
Income Before Nonrecurring Items134.19M21.96M-24.41M35.71M43.64M17.61M--
Income from Nonrecurring Items-48.14M-60.15M-167.8M-59.7M----
Summit Midstream Partners Earnings Per Share Basic Net
0.99-0.71-3.20-0.490.860.35--
Summit Midstream Partners Earnings Per Share Diluted Net
0.98-0.71-3.20-0.490.860.35--
EPS Diluted Before Nonrecurring Items1.640.171.080.590.860.35--
Preferred Dividends Acc Pd--------
Dividends Common--------
Dividend Per Share Common2.302.302.272.041.730.000.000.00
All figures in USD. M: Millions of USD, B: Billions of USD.
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Summit Midstream Partners stock analysis involves checking at least a few of the important things like:

  • Topline: A growing topline, as seen from the Summit Midstream Partners revenue chart, as is the case with Summit Midstream Partners indicates a growing business. One needs to compare the YoY topline or sales growth of SMLP stock with its peers like BPMP stock and NGLS stock to see if the growth compares well with what can be expected from a company in that industry.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. SMLP stock had a healthy bottom line growth.

The income statement is also called the profit and loss statement. Apart from the SMLP income statement, one can check the Summit Midstream Partners historical stock prices to check how the price has moved with time.

Summit Midstream Partners Income Statement - Key Financial Ratios

PS Ratio (price sales ratio)
2.49
Operating Margin
30.5
Dividend Yield
13.73%