Summit Midstream Partners Q4 EPS $(2.12) Up From $(3.03) YoY, Sales $127.32M Beat $100.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Summit Midstream Partners (SMLP) reported a Q4 EPS loss of $(2.12), an improvement from last year's $(3.03) loss. Sales reached $127.32M, surpassing the $100.60M estimate and marking a 48.52% increase from the previous year.
March 15, 2024 | 11:02 am
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POSITIVE IMPACT
Summit Midstream Partners reported a reduced quarterly loss and significantly higher sales than expected, indicating a strong performance.
The improvement in EPS, despite still being a loss, and the significant beat on sales expectations suggest a strong operational performance. This could lead to increased investor confidence and potentially a positive short-term impact on SMLP's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100