A natural gas industry recovery appears to be in the making.
Higher gas prices would raise activity in both core and non-core areas of the partnership.
In the meantime, long-term contracts with volume requirements protect cash flow.
The capital budget is winding down as projects complete. New capital requirements are minimal.
The expansion projects and Utica Shale activity will boost the results next year. The joint venture with Exxon Mobil will help future growth.
This was the year for Summit Midstream (SMLP) to self-destruct. Guidance was not going to be met and the finances would deteriorate out of control. The company has a lot of money coming