Crudely Midstream
Corporate contributor, deep value, long only, oil & gas

Summit Midstream: A 10% Yield With Upside Potential

Summit Midstream Partners, LP (NYSE: SMLP) is a small MLP focused on gathering natural gas and oil in several basins across the United States. It was formed in 2009 by Energy Capital Partners, but did not IPO until 2012 when MLP-fever was growing. Since the IPO, it has grown tremendously both organically and through acquisitions, spreading into other basins to capitalize on the rise of shale oil and gas.

Overall, the business is levered to oil and natural gas production/prices, and does not have the same degree of safety like other midstream names that have storage tanks and interstate pipelines. SMLP is proud to boast 10.9% average annual distribution growth since inception and unit price outperformance of the Alerian

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details