Evolve Transition Infrastructure Lp Stock Price, News & Analysis

Evolve Transition Infrastructure LP (NYSE American: SNMP) is a publicly-traded limited partnership that was formed in 2005. The company focuses on the acquisition, development, and ownership of infrastructure that is critical to the transition of energy supply to lower carbon sources. Evolve boasts ownership of natural gas gathering systems, pipelines, and processing facilities located in South Texas. In addition to its existing assets, the company is committed to pursuing new opportunities in energy transition infrastructure.

One of Evolve's recent announcements highlights its strategic adjustments. On June 13, 2023, Evolve announced an amendment to the date for the previously announced reverse split of its common units. Initially set for June 14, 2023, the reverse split is now under review by the Financial Industry Regulatory Authority (FINRA) due to Evolve's recent initiation of over-the-counter market trading on June 7, 2023. The new effective date for this corporate action will be announced following the successful completion of FINRA’s review.

For those interested in the latest updates and developments, Evolve provides a comprehensive list of press releases on its official website.