Summit Midstream Partners Q1 Adj $11.47 Up From $(1.82) YoY, Sales $118.87M Up From $112.50M YoY
Portfolio Pulse from Benzinga Newsdesk
Summit Midstream Partners (SMLP) reported a significant increase in Q1 adjusted earnings to $11.47 per share, up from a loss of $(1.82) per share YoY. Sales rose to $118.87M, a 5.66% increase from $112.50M YoY.
May 02, 2024 | 8:42 pm
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Summit Midstream Partners reported a dramatic turnaround in Q1 earnings, posting $11.47 per share compared to last year's loss, with sales increasing to $118.87M.
The significant increase in earnings per share (EPS) from a loss to $11.47, along with a sales increase of 5.66% YoY, indicates strong financial performance and operational efficiency improvements. This substantial positive change is likely to be viewed favorably by investors, potentially leading to an increase in stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100