Houston midstream co. runs afoul of exchange standards

The New York Stock Exchange warned Houston-based Summit Midstream Partners LP (NYSE: SMLP) that it has fallen on the wrong side of its listing standards, and it has six months to fix the problem or it risks delisting from the exchange.

Summit’s 30-day average stock price fell below $1 per share — the minimum allowed for a company to be listed on the NYSE — according to an April 16 filing with the U.S. Securities and Exchange Commission.

The company has 10 days to submit a plan to the NYSE…


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