Summit Midstream Partners, LP (NYSE:SMLP) Files An 8-K Other Events

Summit Midstream Partners, LP (NYSE:SMLP) Files An 8-K Other Events
Item 8.01 Other Events.

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Summit Midstream Partners, LP ("SMLP" or the “Partnership”) is filing this Current Report on Form 8-K to update certain items in the Partnership's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2017 (the "First Quarter 2017 Form 10-Q").

We evaluate our business operations each reporting period to determine whether any of our gathering system operating segments in which we internally report financial information are considered significant and would require us to separately disclose certain segment financial information in our external reporting. As a result of our evaluation for the quarterly period ended June 30, 2017, we determined that both the Summit Utica natural gas gathering system and the Ohio Gathering natural gas gathering system, each previously reported within the Utica Shale reportable segment, were and are expected to continue to be significant operating segments. As such, we modified our current segments such that the Utica Shale reportable segment includes the Summit Utica gathering system and the Ohio Gathering reportable segment includes our ownership interest in OGC and OCC. The following items of the First Quarter 2017 Form 10-Q have been recast to reflect the change in reportable segments:

Part I, Item 1. Financial Statements; and

Part I, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

These items replace the same items filed in the Partnership’s First Quarter 2017 Form 10-Q as filed with the Securities and Exchange Commission (the “SEC) on May 5, 2017. We have not otherwise updated for activities or events occurring after the date these items were originally presented.

The information in this Current Report on Form 8-K should be read in conjunction with the other information included (but not replaced as described above) in the First Quarter 2017 Form 10-Q. More current information is contained in the Partnership’s Quarterly Reports on Form 10-Q for the quarterly periods ended June 30, 2017 and September 30, 2017 and the Partnership’s other filings with the SEC.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit

Number

Description

99.1

Updated First Quarter 2017 Form 10-Q – Part I, Item 1. Financial Statements.

99.2

Updated First Quarter 2017 Form 10-Q – Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

101.INS

*

XBRL Instance Document (1)

101.SCH

*

XBRL Taxonomy Extension Schema

101.CAL

*

XBRL Taxonomy Extension Calculation Linkbase

101.DEF

*

XBRL Taxonomy Extension Definition Linkbase

101.LAB

*

XBRL Taxonomy Extension Label Linkbase

101.PRE

*

XBRL Taxonomy Extension Presentation Linkbase

_____________

* to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections. The financial information contained in the XBRL (eXtensible Business Reporting Language)-related documents is unaudited and unreviewed.

(1) Includes the following materials for the quarter ended March 31, 2017, formatted in XBRL: (i) Unaudited Condensed Consolidated Balance Sheets, (ii) Unaudited Condensed Consolidated Statements of Operations, (iii) Unaudited Condensed Consolidated Statements of Partners' Capital, (iv) Unaudited Condensed Consolidated Statements of Cash Flows, and (v) Notes to Unaudited Condensed Consolidated Financial Statements.

EXHIBITINDEX


Summit Midstream Partners, LP Exhibit
EX-99 2 smlp-ex991_20170331.htm EX-99.1 smlp-10q_20170331.htm EXHIBIT 99.1   Item 1. Financial Statements. SUMMIT MIDSTREAM PARTNERS,…
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About Summit Midstream Partners, LP (NYSE:SMLP)

Summit Midstream Partners, LP is a limited partnership focused on developing, owning and operating midstream energy infrastructure assets. The Company’s segments include the Marcellus Shale, which is served by Mountaineer Midstream; the Williston Basin, which is served by Bison Midstream; the Barnett Shale, which is served by DFW Midstream; the Piceance Basin, which is served by Grand River, and Corporate. It provides natural gas gathering, treating and processing services pursuant to long-term and natural gas gathering and processing agreements. The Company operates in approximately four resource basins, including the Appalachian Basin, the Williston Basin, the Fort Worth Basin and the Piceance Basin. Its midstream assets gathering systems include Mountaineer Midstream in northern West Virginia; Bison Midstream in northwestern North Dakota; Polar and Divide in northwestern North Dakota; DFW Midstream in north-central Texas, and Grand River in western Colorado and eastern Utah.

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