Summit Midstream: M-U Volumes Decrease; Marcellus for Sale?

|

Is Summit Midstream teeing up their Marcellus pipeline gathering system for a sale? Late last week Summit Midstream, which has a meaningful presence in the Marcellus/Utica region, released its first quarter 2019 numbers and held a conference call to discuss the company’s performance. As was the case for fourth quarter and full year 2018 (see Summit Midstream Fires CEO; M-U Volumes, Profits Down in 2018), Summit’s volumes and profits continued a downward trend in 1Q19. However, interim CEO Leonard Mallett says things are about to turn around.

Please Login to view this content. (Not a member? Join Today!)
You do not have permission to view the comments.