Summit Midstream Partners Q3 Loss Per Unit $(0.27) Up From $(1.28) YoY, Sales $121.19M Beat $98.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Summit Midstream Partners (NYSE:SMLP) reported Q3 losses of $(0.27) per share, a 78.91% increase YoY. The company's quarterly sales were $121.19 million, beating the analyst consensus estimate of $98.10 million by 23.54% and marking a 36.66% increase YoY.
November 03, 2023 | 11:13 am
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POSITIVE IMPACT
Summit Midstream Partners reported improved Q3 results with reduced losses and sales beating estimates. This could potentially boost investor confidence.
The company reported a significant reduction in losses YoY and exceeded sales estimates, which could positively impact the stock in the short term as it indicates improved financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100