Summit Midstream Partners Expects Q3 Adjusted EBITDA of $70M, Up By 20% From Q2, Sees Significant Quarterly Volume Growth Across Nearly Every Segment; Reiterated Q4 Adjusted EBITDA Guidance $75M-$85M
Portfolio Pulse from Benzinga Newsdesk
Summit Midstream Partners (SMLP) expects Q3 adjusted EBITDA of $70M, a 20% increase from Q2. The company also anticipates significant quarterly volume growth across nearly every segment. The Q4 adjusted EBITDA guidance of $75M-$85M is reiterated.
October 03, 2023 | 11:12 am
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POSITIVE IMPACT
SMLP expects a 20% increase in Q3 adjusted EBITDA to $70M and significant volume growth across nearly all segments. The Q4 adjusted EBITDA guidance of $75M-$85M is maintained.
The news directly pertains to SMLP's financial performance. The expected increase in Q3 adjusted EBITDA and volume growth across nearly all segments indicate a positive financial outlook, which could potentially lead to a rise in the stock price in the short term. The reiteration of Q4 EBITDA guidance also shows the company's confidence in its future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100