Split History
SMLP split history picture
Summit Midstream Partners LP (SMLP) has 1 split in our SMLP split history database. The split for SMLP took place on November 10, 2020. This was a 1 for 15 reverse split, meaning for each 15 shares of SMLP owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split.

When a company such as Summit Midstream Partners LP conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the SMLP split history from start to finish, an original position size of 1000 shares would have turned into 66.6666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Summit Midstream Partners LP shares, starting with a $10,000 purchase of SMLP, presented on a split-history-adjusted basis factoring in the complete SMLP split history. SMLP split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 05/28/2014
End date: 05/23/2024
Start price/share: $673.35
End price/share: $31.16
Starting shares: 14.85
Ending shares: 29.25
Dividends reinvested/share: $176.91
Total return: -90.89%
Average Annual Total Return: -21.31%
Starting investment: $10,000.00
Ending investment: $911.52
Years: 9.99
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 05/28/2014
End date: 05/23/2024
Start price/share: $673.35
End price/share: $31.16
Dividends collected/share: $176.91
Total return: -69.10%
Average Annual Total Return: -11.09%
Starting investment: $10,000.00
Ending investment: $3,088.77
Years: 9.99
Summit Midstream Partners is engaged in developing and operating midstream energy infrastructure assets that are located in resource basins, shale formations, in the continental U.S. Co.'s segments are: Rockies, which includes its wholly owned midstream assets located in the Williston Basin and the DJ Basin; Permian, which includes its wholly owned midstream assets located in the Permian Basin; Northest, which includes its wholly owned midstream assets located in the Utica and Marcellus shale plays; Piceance, which includes its wholly owned midstream assets located in the Piceance Basin; and Barnett, which includes its wholly owned midstream assets located in the Barnett Shale. According to our SMLP split history records, Summit Midstream Partners LP has had 1 split.
Date Ratio
11/10/20201 for 15
SMLP is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:

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Also explore: SMLP shares outstanding history

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