XML 11 R4.htm IDEA: XBRL DOCUMENT v3.19.3
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Total revenues $ 100,187 $ 127,479 $ 331,281 $ 372,982
Costs and expenses:        
Cost of natural gas and NGLs $ 7,472 $ 26,879 $ 50,802 $ 71,549
Type of Cost, Good or Service [Extensible List] us-gaap:OilAndGasPurchasedMember us-gaap:OilAndGasPurchasedMember us-gaap:OilAndGasPurchasedMember us-gaap:OilAndGasPurchasedMember
Operation and maintenance $ 26,231 $ 24,382 $ 74,171 $ 73,452
General and administrative 9,949 11,740 37,444 39,666
Depreciation and amortization 27,406 26,743 81,933 80,204
Transaction costs 129 0 1,079 0
(Gain) loss on asset sales, net (347) 6 (1,595) (6)
Long-lived asset impairment 0 1,540 45,021 2,127
Goodwill impairment 16,211 0 16,211 0
Total costs and expenses 87,051 91,290 305,066 266,992
Other income 12 58 304 78
Interest expense (19,335) (14,862) (54,803) (44,821)
Deferred Purchase Price Obligation (3,760) 37,204 (11,899) (53,759)
(Loss) income before income taxes and loss from equity method investees (9,947) 58,589 (40,183) 7,488
Income tax (expense) benefit (21) 35 (1,370) (88)
Loss from equity method investees (677) (1,169) (1,197) (3,703)
Net (loss) income (10,645) 57,455 (42,750) 3,697
Net income attributable to noncontrolling interest 0 25 0 168
Net (loss) income attributable to SMLP (10,645) 57,430 (42,750) 3,529
Net income attributable to General Partner, including IDRs 0 3,279 12 6,477
Net (loss) income attributable to limited partners (10,645) 54,151 (42,762) (2,948)
Series A Preferred Units        
Costs and expenses:        
Net (loss) income attributable to limited partners 7,125 7,125 21,375 21,375
Common units        
Costs and expenses:        
Net (loss) income attributable to limited partners $ (17,770) $ 47,026 $ (64,137) $ (24,323)
(Loss) income per limited partner unit:        
Basic (in dollars per share) $ (0.21) $ 0.64 $ (0.80) $ (0.33)
Diluted (in dollars per share) $ (0.21) $ 0.64 $ (0.80) $ (0.33)
Weighted-average limited partner units outstanding:        
Basic (shares) 82,718 73,356 80,429 73,283
Diluted (shares) 82,718 73,756 80,429 73,283
Gathering Services and Related Fees        
Revenues:        
Total revenues $ 80,968 $ 86,427 $ 243,039 $ 260,373
Natural Gas, NGLs and Condensate Sales        
Revenues:        
Total revenues 12,219 34,017 68,438 92,025
Other Revenues        
Revenues:        
Total revenues $ 7,000 $ 7,035 $ 19,804 $ 20,584