SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 6, 2017
Summit Midstream Partners, LP
(Exact name of registrant as specified in its charter)
Delaware |
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001-35666 |
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45-5200503 |
(State or other jurisdiction |
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(Commission |
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(IRS Employer |
of incorporation) |
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File Number) |
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Identification No.) |
1790 Hughes Landing Blvd
Suite 500
The Woodlands, TX 77380
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (832) 413-4770
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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:
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Part I, Item 1. Financial Statements; and |
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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 |
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Description |
99.1 |
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Updated First Quarter 2017 Form 10-Q – Part I, Item 1. Financial Statements. |
99.2 |
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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 |
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* Pursuant 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.
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Exhibit Number |
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Description |
99.1 |
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Updated First Quarter 2017 Form 10-Q – Part I, Item 1. Financial Statements. |
99.2 |
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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 |
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Summit Midstream Partners, LP |
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(Registrant) |
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By: |
Summit Midstream GP, LLC (its general partner) |
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Date: |
November 6, 2017 |
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/s/ Matthew S. Harrison |
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Matthew S. Harrison, Executive Vice President and Chief Financial Officer |
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