Added to YB: 2024-03-26
Pitch date: 2024-03-22
SMLP [bullish]
Summit Midstream Corporation
+39.63%
current return
Author Info
Rodin Capital is a student at the University of Pennsylvania who shares investing ideas in his newsletter. Sign up for the newsletter.
Company Info
Summit Midstream Corporation focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States.
Market Cap
$352.8M
Pitch Price
$27.25
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.96
P/E
-2.18
EV/Sales
4.82
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
New Ideas: Summit Midstream
SMLP: Busted MLP in late stages of strategic review for potential sale of assets or whole company. Compelling hints from management suggest imminent accretive transaction. Cheap at 8x EV/EBITDA for midstream assets. Tax complications may create mispricing opportunity.
Read full article (1 min)