Summit Midstream Partners (NYSE:SMLP) reported its Q1 earnings results on Friday, May 5, 2023 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Summit Midstream Partners missed estimated earnings by 1616.67%, reporting an EPS of $-1.82 versus an estimate of $0.12.
Revenue was up $16.37 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $1.73 which was followed by a 7.4% increase in the share price the next day.
Here’s a look at Summit Midstream Partners’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -1.30 | -0.60 | -1.06 | -1.08 |
| EPS Actual | -3.03 | -1.28 | -9.53 | 1.32 |
| Revenue Estimate | 70.50M | 68.40M | 62.20M | 82.73M |
| Revenue Actual | 85.72M | 88.68M | 99.06M | 96.13M |
To track all earnings releases for Summit Midstream Partners visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
