{"id":392430,"date":"2020-12-03T06:53:27","date_gmt":"2020-12-03T11:53:27","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=392430"},"modified":"2020-12-03T06:53:27","modified_gmt":"2020-12-03T11:53:27","slug":"summit-midstream-partners-lp-regains-compliance-with-nyse-minimum-price-continued-listing-standard","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/summit-midstream-partners-lp-regains-compliance-with-nyse-minimum-price-continued-listing-standard\/","title":{"rendered":"Summit Midstream Partners, LP Regains Compliance with NYSE Minimum Price Continued Listing Standard"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">HOUSTON<\/span>, <span class=\"xn-chron\">Dec. 3, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0Summit Midstream Partners, LP (NYSE: SMLP) announced today that it has received written notification from the New York Stock Exchange (the &#8220;NYSE&#8221;) that it has regained compliance with the NYSE&#8217;s continued listing standard.\u00a0 As a result of the recent reverse unit split, SMLP&#8217;s common unit price has traded above the NYSE&#8217;s minimum requirement of <span class=\"xn-money\">$1.00<\/span> average unit price for the 30-trading days ended <span class=\"xn-chron\">November 30<\/span>, 2020.\u00a0 Given that SMLP has regained compliance with the NYSE&#8217;s minimum price continued listing standard, the suffix indicating &#8220;below criteria&#8221; will be removed from its ticker symbol and SMLP will trade on the NYSE under the ticker &#8220;SMLP.&#8221;<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/74903\/summit_midstream_partners_logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/74903\/summit_midstream_partners_logo.jpg\" title=\"Summit Midstream Partners Logo. (PRNewsFoto\/Summit Midstream Partners)\" alt=\"Summit Midstream Partners Logo. (PRNewsFoto\/Summit Midstream Partners)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\n        <b>About Summit Midstream Partners, LP <br \/><\/b>SMLP is a value-driven limited partnership focused on developing, owning and operating midstream energy infrastructure assets that are strategically located in unconventional resource basins, primarily shale formations, in the continental United States.\u00a0 SMLP provides natural gas, crude oil and produced water gathering services pursuant to primarily long-term and fee-based gathering and processing agreements with customers and counterparties in six unconventional resource basins: (i) the Appalachian Basin, which includes the <span class=\"xn-location\">Utica<\/span> and Marcellus shale formations in <span class=\"xn-location\">Ohio<\/span> and <span class=\"xn-location\">West Virginia<\/span>; (ii) the <span class=\"xn-location\">Williston<\/span> Basin, which includes the Bakken and Three Forks shale formations in <span class=\"xn-location\">North Dakota<\/span>; (iii) the Denver-Julesburg Basin, which includes the <span class=\"xn-location\">Niobrara<\/span> and Codell shale formations in <span class=\"xn-location\">Colorado<\/span> and <span class=\"xn-location\">Wyoming<\/span>; (iv) the Permian Basin, which includes the Bone Spring and Wolfcamp formations in <span class=\"xn-location\">New Mexico<\/span>; (v) the <span class=\"xn-location\">Fort Worth<\/span> Basin, which includes the Barnett Shale formation in <span class=\"xn-location\">Texas<\/span>; and (vi) the Piceance Basin, which includes the Mesaverde formation as well as the <span class=\"xn-location\">Mancos<\/span> and <span class=\"xn-location\">Niobrara<\/span> shale formations in Colorado.\u00a0 SMLP has an equity investment in Double E Pipeline, LLC, which is developing natural gas transmission infrastructure that will provide transportation service from multiple receipt points in the <span class=\"xn-location\">Delaware<\/span> Basin to various delivery points in and around the Waha Hub in Texas.\u00a0 SMLP also has an equity investment in Ohio Gathering, which operates extensive natural gas gathering and condensate stabilization infrastructure in the Utica Shale in Ohio.\u00a0 SMLP is headquartered in <span class=\"xn-location\">Houston, Texas<\/span>.<\/p>\n<p>\n        <b>Forward-Looking Statements<br \/><\/b>This press release includes certain statements concerning expectations for the future that are forward-looking within the meaning of the federal securities laws.\u00a0 Forward-looking statements include, without limitation, any statement that may project, indicate or imply future results, events, performance or achievements, and may contain the words &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;plan,&#8221; &#8220;anticipate,&#8221; &#8220;estimate,&#8221; &#8220;believe,&#8221; &#8220;will be,&#8221; &#8220;will continue,&#8221; &#8220;will likely result,&#8221; and similar expressions, or future conditional verbs such as &#8220;may,&#8221; &#8220;will,&#8221; &#8220;should,&#8221; &#8220;would,&#8221; and &#8220;could.&#8221; \u00a0Forward-looking statements also contain known and unknown risks and uncertainties\u00a0(many of which are difficult to predict and beyond management&#8217;s\u00a0control) that may cause SMLP&#8217;s actual results in future periods to differ materially from anticipated or projected results.\u00a0 An extensive\u00a0list of specific material risks and uncertainties affecting SMLP is contained in its 2019 Annual Report on Form 10-K filed with the\u00a0Securities and Exchange Commission\u00a0on\u00a0March 9, 2020, Quarterly Report on Form 10-Q for the three months ended <span class=\"xn-chron\">March 31, 2020<\/span> filed with the Securities Exchange Commission on <span class=\"xn-chron\">May 8, 2020<\/span>, Quarterly Report on Form 10-Q for the three months ended <span class=\"xn-chron\">June 30, 2020<\/span> filed with the Securities Exchange Commission on <span class=\"xn-chron\">August 7, 2020<\/span> and Quarterly Report on Form 10-Q for the three months ended <span class=\"xn-chron\">September 30, 2020<\/span> filed with the Securities Exchange Commission on <span class=\"xn-chron\">November 6, 2020<\/span>, each as amended and updated from time to time. Any forward-looking statements in this press release, are made as of the date of this press release and SMLP undertakes\u00a0no obligation to update or revise any forward-looking statements to reflect\u00a0new information\u00a0or events.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA11699&amp;sd=2020-12-03\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/summit-midstream-partners-lp-regains-compliance-with-nyse-minimum-price-continued-listing-standard-301185549.html\">http:\/\/www.prnewswire.com\/news-releases\/summit-midstream-partners-lp-regains-compliance-with-nyse-minimum-price-continued-listing-standard-301185549.html<\/a><\/p>\n<p>SOURCE  Summit Midstream Partners, LP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DA11699&amp;Transmission_Id=202012030650PR_NEWS_USPR_____DA11699&amp;DateId=20201203\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire HOUSTON, Dec. 3, 2020 \/PRNewswire\/ &#8212;\u00a0Summit Midstream Partners, LP (NYSE: SMLP) announced today that it has received written notification from the New York Stock Exchange (the &#8220;NYSE&#8221;) that it has regained compliance with the NYSE&#8217;s continued listing standard.\u00a0 As a result of the recent reverse unit split, SMLP&#8217;s common unit price has traded above the NYSE&#8217;s minimum requirement of $1.00 average unit price for the 30-trading days ended November 30, 2020.\u00a0 Given that SMLP has regained compliance with the NYSE&#8217;s minimum price continued listing standard, the suffix indicating &#8220;below criteria&#8221; will be removed from its ticker symbol and SMLP will trade on the NYSE under the ticker &#8220;SMLP.&#8221; About Summit Midstream Partners, LP SMLP is a value-driven limited &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/summit-midstream-partners-lp-regains-compliance-with-nyse-minimum-price-continued-listing-standard\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Summit Midstream Partners, LP Regains Compliance with NYSE Minimum Price Continued Listing Standard&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-392430","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/summit-midstream-partners-lp-regains-compliance-with-nyse-minimum-price-continued-listing-standard\/","og_locale":"en_US","og_type":"article","og_title":"Summit Midstream Partners, LP Regains Compliance with NYSE Minimum Price Continued Listing Standard - Market Newsdesk","og_description":"PR Newswire HOUSTON, Dec. 3, 2020 \/PRNewswire\/ &#8212;\u00a0Summit Midstream Partners, LP (NYSE: SMLP) announced today that it has received written notification from the New York Stock Exchange (the &#8220;NYSE&#8221;) that it has regained compliance with the NYSE&#8217;s continued listing standard.\u00a0 As a result of the recent reverse unit split, SMLP&#8217;s common unit price has traded above the NYSE&#8217;s minimum requirement of $1.00 average unit price for the 30-trading days ended November 30, 2020.\u00a0 Given that SMLP has regained compliance with the NYSE&#8217;s minimum price continued listing standard, the suffix indicating &#8220;below criteria&#8221; will be removed from its ticker symbol and SMLP will trade on the NYSE under the ticker &#8220;SMLP.&#8221; About Summit Midstream Partners, LP SMLP is a value-driven limited &hellip; Continue reading \"Summit Midstream Partners, LP Regains Compliance with NYSE Minimum Price Continued Listing Standard\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/summit-midstream-partners-lp-regains-compliance-with-nyse-minimum-price-continued-listing-standard\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-03T11:53:27+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/74903\/summit_midstream_partners_logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/summit-midstream-partners-lp-regains-compliance-with-nyse-minimum-price-continued-listing-standard\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/summit-midstream-partners-lp-regains-compliance-with-nyse-minimum-price-continued-listing-standard\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Summit Midstream Partners, LP Regains Compliance with NYSE Minimum Price Continued Listing Standard","datePublished":"2020-12-03T11:53:27+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/summit-midstream-partners-lp-regains-compliance-with-nyse-minimum-price-continued-listing-standard\/"},"wordCount":620,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/summit-midstream-partners-lp-regains-compliance-with-nyse-minimum-price-continued-listing-standard\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/74903\/summit_midstream_partners_logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/summit-midstream-partners-lp-regains-compliance-with-nyse-minimum-price-continued-listing-standard\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/summit-midstream-partners-lp-regains-compliance-with-nyse-minimum-price-continued-listing-standard\/","name":"Summit Midstream Partners, LP Regains Compliance with NYSE Minimum Price Continued Listing Standard - 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