Evolve Transition Infrastructure LP
New York Stock Exchange ArcaCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Charles C. Ward
- Full Time Employees
- 9
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- Address
- 1360 Post Oak Boulevard Houston TX United States of America 77056
- IPO Date
- Nov 15, 2006
- CIK
- 0001362705
- Website
- evolvetransition.com
- Similar Companies
- Business
- Evolve Transition Infrastructure LP (NYSE American: SNMP) operates as a limited partnership focused on the acquisition, development, and ownership of infrastructure critical to the energy transition toward lower carbon sources. The partnership owns natural gas gathering systems, pipelines, and processing facilities in South Texas, including the Catarina Gathering System with approximately 160 miles of gathering pipelines and four main processing and gathering facilities in Dimmit and Webb counties serving Eagle Ford Shale production; the Carnero Gathering Line; the Raptor Plant; the Seco Pipeline; and a 50% equity interest in Carnero G&P LLC, which operates a 200 MMcf/d cryogenic natural gas processing plant in Bee County, Texas, and a 260 MMcf/d cryogenic natural gas processing plant in La Salle County, Texas. Formed in 2005 and headquartered in Houston, Texas, the company previously known as Sanchez Midstream Partners LP rebranded in February 2021 to reflect its strategic shift away from upstream assets, which it largely divested in 2021 to reduce debt and prioritize energy transition opportunities such as sustainable aviation fuel, renewable diesel, and renewable natural gas. In recent major developments, Evolve implemented a 1-for-30 reverse unit split effective June 2023 to address low trading prices; faced and resolved NYSE American trading suspensions and delisting threats in 2023; reached a settlement agreement in June 2022 with Mesquite Energy, Inc., receiving $10 million to resolve disputes and support debt reduction to under $30 million by late 2022; and in January 2024, its general partner, Evolve Transition Infrastructure GP LLC, exercised its right under the partnership agreement to purchase all outstanding common units not already owned by the general partner or affiliates at $1.389285 per unit, completing the transaction on February 16, 2024, resulting in 100% ownership by the general partner, delisting from NYSE American, and cessation of public trading. The partnership targets upstream producers and energy transition markets primarily in the United States, with no reported subsidiaries or parent companies beyond the general partner structure.
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Evolve Announces Agreement with Nuvve and Stonepeak to Pursue a $750 million Joint Venture, “Levo,” to Deploy Turnkey Electric Vehicle Charging and Transportation-as-a-Service for School Buses and other Commercial Fleets
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Sanchez Midstream Partners LP Will Change Its Name to Evolve Transition Infrastructure LP