Summit Midstream Partners Revenue, Profits - SMLP Quarterly Income Statement

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

Fundamental analysis of SMLP stock involves analyzing its financial statements, apart from checking the Summit Midstream Partners stock price. The key financial statements of a company are the income statement, the balance sheet and the cash flow statement. The income statement for SMLP which shows a YOY revenue growth of 9.26% is specific to a period of time. Investors typically check YoY or QoQ revenue growth. The operating expenses as shown in the Summit Midstream Partners profit and loss statement for 2018 Q2 total to $40.26M. This line item shows that the operating expenses has decreased compared with last year. Also check: Summit Midstream Partners assets and Summit Midstream Partners free cash flow.

View and download details of revenue and profits for Summit Midstream Partners for latest & last 40 quarters.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q1
Summit Midstream Partners Revenues or Net Sales
128.18M117.32M126.2M124.95M101.79M135.81M127.08M95.07M89.64M90.57M
Cost Of Goods Sold (COGS)48.85M44.89M44.78M40.48M33.11M32.74M30.31M30.04M30.27M32.13M
Summit Midstream Partners Gross Profit
79.33M72.43M81.43M84.46M68.67M103.06M96.79M65.02M59.36M58.43M
Research & Development Expense----------
Selling General & Admin Expense13.48M14.44M14.28M13.28M13.06M14.13M14.33M12.36M12.99M14.05M
Income Before Depreciation Depletion Amortization65.85M57.98M67.17M71.17M55.6M88.92M82.47M52.66M46.36M44.38M
Depreciation Depletion Amortization26.78M26.67M29.31M28.92M28.68M28.56M28.58M27.97M27.96M27.72M
Non Operating Income-69.86M-21.59M-41.4M68.82M5.05M-43.11M-24.82M-7.32M-18.08M-7.37M
Interest Expense14.84M15.12M16.26M17.61M17.55M16.71M16.17M15.73M16.03M15.88M
Summit Midstream Partners Pretax Income
-45.7M-5.4M-19.79M93.46M14.42M-12.94M1.62M-15.72M-6.6M
Provision for Income Taxes--0.17M-0.07M--0.21M--0.08M-0.14M--0.07M
MinorityInterest---------0.26M2.78M
Investment Gains Losses----------
Other Income-3.92M1.38M1.46M--3.38M-0.65M1M--34.47M2.86M
Income Before Extraordinaries & Disc Operations-49.91M-3.85M-18.25M93.55M11.25M-0.58M14M1.92M-50.29M-6.45M
Extraordinary Items & Discontinued Operations----------
Summit Midstream Partners Profit/ Loss (Net Income)
-49.97M-3.85M-18.25M93.55M11.25M-0.58M14M1.92M-50.29M-6.45M
Average Shares used to compute Diluted EPS-73.13M73.07M73.43M72.84M72.15M72.1M67.84M66.59M66.49M
Average Shares used to compute Basic EPS-73.13M73.07M73.06M72.53M72.15M72.1M67.84M66.59M66.49M
Income Before Nonrecurring Items-17.86M23.21M93.55M11.25M13.73M14M1.92M5.01M-1.6M
Income from Nonrecurring Items--21.7M-41.46M---14.31M---55.3M-4.85M
Summit Midstream Partners Earnings Per Share Basic Net
-0.79-0.18-0.321.230.12-0.040.160.00-0.77-0.12
Summit Midstream Partners Earnings Per Share Diluted Net
-0.79-0.18-0.321.220.12-0.040.160.00-0.77-0.12
EPS Diluted Before Nonrecurring Items-0.120.251.220.120.160.160.000.06-0.05
Preferred Dividends Acc Pd-9.32M5.13M-------
Dividends Common43.0443.0442.88-------
Dividend Per Share Common0.580.580.580.580.580.580.580.580.580.58
All figures in USD. M: Millions of USD, B: Billions of USD.
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It is very helpful to read a report on Summit Midstream Partners stock analysis. An investor must check the following items in an income statement:

  • 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 QoQ 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 poor 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%