Summit Midstream 2021 in Review – Volumes Down, Revenue Down

Summit Midstream Partners, formed in 2009 and headquartered in The Woodlands, Texas, operates natural gas, crude oil, and produced water gathering (pipeline) systems in several unconventional shale plays, including the Marcellus and Utica. Last week Summit issued its fourth quarter and full-year 2021 update. The company’s Marcellus/Utica segment (now called Northeast) continued to be the star performer. Flows through the company’s pipeline system are down for both 4Q and 2021 versus the prior year. Revenues were down from the same period a year ago as well.

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