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Summit Midstream Partners stock price
Summit Midstream Partners latest news:
Summit Midstream Partners Falls Almost 7% Near Two-Year Low After Posting Q4 Loss Per Unit
Summit Midstream Partners(SMLP) shares dropped 7% to the lowest since April 2016 after it posted a GAAP Q4 loss per unit of $0.32 compared with earnings per unit of $0.16. Revenue was $126.2 million compared with $127.1 million a year earlier. The company said it sees 2018 adjusted EBITDA of $285 million to $300 million. It expects capital expenditures of $175 million to $225 million this year.
BRIEF-Summit Midstream Qtrly âLoss Per Limited Partner Unit $0.32â
Summit Midstream Partners Lp(SMLP): * SUMMIT MIDSTREAM PARTNERS(SMLP), LP REPORTS FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL RESULTS AND PROVIDES 2018 FINANCIAL GUIDANCE. * Summit Midstream Partners Lp(SMLP) - 2018 CAPITAL EXPENDITURES GUIDANCE TO RANGE FROM $175.0 MILLION TO $225.0 MILLION. * Summit Midstream Partners Lp (SMLP) - 2018 ADJUSTED EBITDA GUIDANCE OF $285.0 MILLION TO $300.0 MILLION.
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