Summit Midstream Partners LP
NYSE:SMLP
Income Statement
Earnings Waterfall
Summit Midstream Partners LP
Revenue
|
458.9m
USD
|
Cost of Revenue
|
-213.2m
USD
|
Gross Profit
|
245.7m
USD
|
Operating Expenses
|
-164.9m
USD
|
Operating Income
|
80.8m
USD
|
Other Expenses
|
-143.9m
USD
|
Net Income
|
-63.1m
USD
|
Income Statement
Summit Midstream Partners LP
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
294
N/A
|
311
+6%
|
325
+5%
|
334
+3%
|
387
+16%
|
394
+2%
|
395
+0%
|
425
+8%
|
401
-6%
|
405
+1%
|
408
+1%
|
388
-5%
|
402
+4%
|
448
+11%
|
460
+3%
|
490
+6%
|
489
0%
|
470
-4%
|
497
+6%
|
499
+1%
|
507
+2%
|
521
+3%
|
492
-5%
|
465
-6%
|
444
-5%
|
417
-6%
|
409
-2%
|
399
-2%
|
384
-4%
|
378
-1%
|
386
+2%
|
398
+3%
|
401
+1%
|
397
-1%
|
396
0%
|
383
-3%
|
370
-4%
|
386
+4%
|
385
0%
|
417
+8%
|
459
+10%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(117)
|
(127)
|
(134)
|
(135)
|
(167)
|
(163)
|
(158)
|
(155)
|
(126)
|
(126)
|
(124)
|
(123)
|
(123)
|
(123)
|
(126)
|
(137)
|
(151)
|
(163)
|
(179)
|
(190)
|
(205)
|
(216)
|
(203)
|
(185)
|
(162)
|
(136)
|
(128)
|
(125)
|
(123)
|
(130)
|
(137)
|
(148)
|
(156)
|
(158)
|
(173)
|
(169)
|
(161)
|
(177)
|
(173)
|
(189)
|
(213)
|
|
Gross Profit |
177
N/A
|
184
+4%
|
192
+4%
|
199
+4%
|
220
+11%
|
231
+5%
|
237
+3%
|
271
+14%
|
274
+1%
|
279
+2%
|
283
+2%
|
265
-7%
|
280
+6%
|
324
+16%
|
334
+3%
|
353
+6%
|
338
-4%
|
307
-9%
|
318
+3%
|
309
-3%
|
302
-2%
|
305
+1%
|
290
-5%
|
280
-3%
|
281
+1%
|
281
0%
|
282
+0%
|
275
-3%
|
261
-5%
|
248
-5%
|
249
+0%
|
250
+0%
|
245
-2%
|
239
-2%
|
223
-7%
|
215
-4%
|
209
-3%
|
209
+0%
|
212
+1%
|
228
+8%
|
246
+8%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(101)
|
(110)
|
(116)
|
(121)
|
(139)
|
(147)
|
(153)
|
(179)
|
(172)
|
(176)
|
(179)
|
(162)
|
(165)
|
(167)
|
(168)
|
(170)
|
(170)
|
(169)
|
(167)
|
(163)
|
(160)
|
(165)
|
(162)
|
(161)
|
(166)
|
(164)
|
(169)
|
(171)
|
(192)
|
(184)
|
(199)
|
(198)
|
(176)
|
(181)
|
(164)
|
(162)
|
(164)
|
(160)
|
(161)
|
(165)
|
(165)
|
|
Selling, General & Administrative |
(30)
|
(33)
|
(34)
|
(36)
|
(43)
|
(46)
|
(48)
|
(49)
|
(45)
|
(46)
|
(48)
|
(49)
|
(52)
|
(54)
|
(54)
|
(55)
|
(55)
|
(55)
|
(56)
|
(54)
|
(53)
|
(57)
|
(54)
|
(52)
|
(56)
|
(51)
|
(54)
|
(54)
|
(73)
|
(67)
|
(83)
|
(81)
|
(57)
|
(61)
|
(42)
|
(42)
|
(45)
|
(42)
|
(42)
|
(45)
|
(42)
|
|
Depreciation & Amortization |
(71)
|
(77)
|
(82)
|
(85)
|
(91)
|
(96)
|
(101)
|
(105)
|
(105)
|
(107)
|
(109)
|
(111)
|
(112)
|
(113)
|
(114)
|
(115)
|
(116)
|
(114)
|
(112)
|
(110)
|
(107)
|
(108)
|
(108)
|
(109)
|
(110)
|
(112)
|
(115)
|
(117)
|
(118)
|
(117)
|
(116)
|
(117)
|
(119)
|
(121)
|
(123)
|
(121)
|
(119)
|
(118)
|
(118)
|
(120)
|
(123)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
(5)
|
(5)
|
(5)
|
(25)
|
(22)
|
(22)
|
(22)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
76
N/A
|
74
-3%
|
76
+4%
|
78
+2%
|
81
+4%
|
84
+4%
|
84
N/A
|
92
+9%
|
102
+12%
|
103
+1%
|
105
+1%
|
103
-2%
|
115
+12%
|
158
+37%
|
166
+5%
|
184
+11%
|
168
-9%
|
139
-17%
|
151
+9%
|
146
-3%
|
142
-3%
|
140
-1%
|
128
-9%
|
119
-7%
|
115
-3%
|
117
+2%
|
113
-4%
|
103
-9%
|
69
-33%
|
65
-7%
|
51
-22%
|
52
+3%
|
68
+31%
|
58
-15%
|
59
+2%
|
52
-11%
|
45
-15%
|
49
+10%
|
51
+5%
|
63
+23%
|
81
+28%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(19)
|
(24)
|
(32)
|
(36)
|
(49)
|
(56)
|
(61)
|
(65)
|
(59)
|
(60)
|
(61)
|
(62)
|
(64)
|
(65)
|
(66)
|
(68)
|
(68)
|
(67)
|
(64)
|
(61)
|
(61)
|
(68)
|
(76)
|
(84)
|
(92)
|
(93)
|
(93)
|
(88)
|
(79)
|
(71)
|
(76)
|
(73)
|
(80)
|
(82)
|
(75)
|
(79)
|
(86)
|
(105)
|
(115)
|
(128)
|
(139)
|
|
Non-Reccuring Items |
(3)
|
(3)
|
(1)
|
(1)
|
(63)
|
(62)
|
(63)
|
(71)
|
(260)
|
(261)
|
(260)
|
(254)
|
(3)
|
(24)
|
(24)
|
(24)
|
(211)
|
(189)
|
(189)
|
(189)
|
(7)
|
(55)
|
(54)
|
(69)
|
(80)
|
(39)
|
14
|
54
|
187
|
189
|
136
|
110
|
(16)
|
(15)
|
(99)
|
(106)
|
(100)
|
(102)
|
(19)
|
(11)
|
(15)
|
|
Gain/Loss on Disposition of Assets |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
1
|
1
|
2
|
2
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
1
|
0
|
1
|
1
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
(7)
|
(25)
|
(31)
|
(56)
|
(69)
|
(47)
|
30
|
201
|
200
|
125
|
92
|
(21)
|
1
|
70
|
33
|
1
|
(0)
|
0
|
1
|
0
|
1
|
(2)
|
(2)
|
(1)
|
(1)
|
2
|
1
|
0
|
0
|
1
|
1
|
1
|
|
Pre-Tax Income |
54
N/A
|
46
-15%
|
43
-6%
|
41
-5%
|
(30)
N/A
|
(34)
-14%
|
(39)
-16%
|
(43)
-10%
|
(216)
-400%
|
(225)
-4%
|
(241)
-7%
|
(244)
-1%
|
(8)
+97%
|
(1)
+91%
|
29
N/A
|
121
+313%
|
89
-27%
|
83
-7%
|
23
-73%
|
(12)
N/A
|
53
N/A
|
19
-64%
|
69
+262%
|
0
-100%
|
(55)
N/A
|
(15)
+73%
|
34
N/A
|
70
+103%
|
178
+154%
|
184
+3%
|
108
-41%
|
88
-19%
|
(28)
N/A
|
(39)
-38%
|
(112)
-190%
|
(131)
-16%
|
(141)
-8%
|
(157)
-11%
|
(81)
+48%
|
(74)
+9%
|
(72)
+2%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
1
|
1
|
1
|
1
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
1
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
|
Income from Continuing Operations |
53
|
45
|
42
|
40
|
(31)
|
(35)
|
(40)
|
(44)
|
(216)
|
(223)
|
(241)
|
(243)
|
(8)
|
(1)
|
30
|
121
|
88
|
83
|
22
|
(12)
|
53
|
19
|
68
|
(1)
|
(56)
|
(16)
|
35
|
70
|
178
|
184
|
108
|
88
|
(28)
|
(39)
|
(113)
|
(131)
|
(142)
|
(157)
|
(81)
|
(74)
|
(73)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
26
|
27
|
37
|
209
|
186
|
186
|
175
|
3
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
(17)
|
(21)
|
(24)
|
(24)
|
(7)
|
0
|
(31)
|
(30)
|
(30)
|
(34)
|
(3)
|
(3)
|
(2)
|
(0)
|
(1)
|
(2)
|
(11)
|
(13)
|
(9)
|
(8)
|
(338)
|
(334)
|
(331)
|
(330)
|
11
|
10
|
10
|
11
|
8
|
10
|
12
|
15
|
18
|
19
|
22
|
26
|
34
|
|
Net Income (Common) |
43
N/A
|
34
-21%
|
29
-14%
|
27
-6%
|
(27)
N/A
|
(30)
-11%
|
(32)
-7%
|
(16)
+50%
|
(196)
-1 123%
|
(204)
-4%
|
(256)
-26%
|
(278)
-8%
|
(48)
+83%
|
(43)
+11%
|
17
N/A
|
107
+518%
|
76
-29%
|
65
-14%
|
(2)
N/A
|
(44)
-2 237%
|
4
N/A
|
(4)
N/A
|
51
N/A
|
(4)
N/A
|
(213)
-5 362%
|
(194)
+9%
|
(141)
+27%
|
(67)
+53%
|
263
N/A
|
266
+1%
|
197
-26%
|
129
-34%
|
(44)
N/A
|
(32)
+28%
|
(110)
-241%
|
(121)
-11%
|
(128)
-5%
|
(159)
-25%
|
(82)
+48%
|
(72)
+12%
|
(63)
+12%
|
|
EPS (Diluted) |
11.83
N/A
|
8.58
-27%
|
7.38
-14%
|
6.94
-6%
|
-7.13
N/A
|
-7.74
-9%
|
-12.42
-60%
|
-3.63
+71%
|
-46.57
-1 183%
|
-46.36
+0%
|
-58.25
-26%
|
-61.71
-6%
|
-10.47
+83%
|
-8.89
+15%
|
3.53
N/A
|
21.83
+518%
|
15.4
-29%
|
13.29
-14%
|
-0.38
N/A
|
-9.06
-2 284%
|
0.88
N/A
|
-1.46
N/A
|
17
N/A
|
-1.29
N/A
|
-71
-5 404%
|
-64.53
+9%
|
-45.54
+29%
|
-18.47
+59%
|
71.08
N/A
|
42.25
-41%
|
29.43
-30%
|
18.45
-37%
|
-6.61
N/A
|
-3.24
+51%
|
-10.74
-231%
|
-11.9
-11%
|
-12.77
-7%
|
-15.6
-22%
|
-7.89
+49%
|
-6.91
+12%
|
-6.11
+12%
|