Summit Midstream Partners Earnings Perspective: Return On Capital Employed
Portfolio Pulse from Benzinga Insights
Summit Midstream Partners (SMLP) reported Q1 sales of $112.50 million and a loss of $14.16 million, despite a 40.65% increase in earnings. The company posted a negative Return On Capital Employed (ROCE) of -0.02%, suggesting inefficient capital allocation.
May 19, 2023 | 3:01 pm
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Summit Midstream Partners reported Q1 sales of $112.50 million and a loss of $14.16 million. The company's negative ROCE of -0.02% suggests inefficient capital allocation.
Summit Midstream Partners' Q1 sales increased, but the company still posted a loss. The negative ROCE of -0.02% indicates that the company is not effectively allocating its capital, which could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100