8-K Announcements
6Apr 2, 2026·SEC
Mar 16, 2026·SEC
Dec 29, 2025·SEC
Summit Midstream Corp. (SMC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Summit Midstream Corp. (SMC) stock price & volume — 10-year historical chart
Summit Midstream Corp. (SMC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Summit Midstream Corp. (SMC) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 16, 2026 | $0.66vs $0.30-320.0% | $142Mvs $147M-3.0% |
| Q4 2025 | Nov 10, 2025 | $0.13 | $147Mvs $147M+0.1% |
| Q3 2025 | Aug 11, 2025 | $0.66 | $140M |
| Q2 2025 | May 7, 2025 | $16.36 | $133M |
Summit Midstream Corp. (SMC) competitors in Gas Gathering, Processing and NGLs — business model, growth, and fundamentals comparison
Summit Midstream Corp. (SMC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Summit Midstream Corp. (SMC) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 444.75M | 383.47M | 401.56M | 369.59M | 458.9M | 429.62M | 562.09M |
| Revenue Growth % | - | -13.78% | 4.72% | -7.96% | 24.16% | -6.38% | 30.83% |
| Cost of Goods Sold | 162.16M | 240.81M | 156.15M | 280.03M | 335.97M | 316.61M | 154.04M |
| COGS % of Revenue | 36.46% | 62.8% | 38.89% | 75.77% | 73.21% | 73.7% | 27.4% |
| Gross Profit | 282.59M▲ 0% | 142.66M▼ 49.5% | 245.41M▲ 72.0% | 89.56M▼ 63.5% | 122.94M▲ 37.3% | 113.01M▼ 8.1% | 408.05M▲ 261.1% |
| Gross Margin % | 63.54% | 37.2% | 61.11% | 24.23% | 26.79% | 26.3% | 72.6% |
| Gross Profit Growth % | - | -49.52% | 72.03% | -63.51% | 37.27% | -8.08% | 261.08% |
| Operating Expenses | 583.12M | 73.44M | 59.17M | 44.94M | 42.13M | 55.56M | 335.67M |
| OpEx % of Revenue | 131.11% | 19.15% | 14.73% | 12.16% | 9.18% | 12.93% | 59.72% |
| Selling, General & Admin | 50.99M | 73.44M | 59.17M | 44.94M | 42.13M | 55.56M | 61.02M |
| SG&A % of Revenue | 11.47% | 19.15% | 14.73% | 12.16% | 9.18% | 12.93% | 10.86% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 274.65M |
| Operating Income | 120.02M▲ 0% | 69.22M▼ 42.3% | 186.24M▲ 169.1% | 44.62M▼ 76.0% | 80.8M▲ 81.1% | 57.45M▼ 28.9% | 72.38M▲ 26.0% |
| Operating Margin % | 26.99% | 18.05% | 46.38% | 12.07% | 17.61% | 13.37% | 12.88% |
| Operating Income Growth % | - | -42.33% | 169.06% | -76.04% | 81.1% | -28.9% | 26% |
| EBITDA | 231.6M | 188.29M | 306.24M | 164.61M | 204.5M | 159.03M | 187.48M |
| EBITDA Margin % | 52.07% | 49.1% | 76.26% | 44.54% | 44.56% | 37.02% | 33.35% |
| EBITDA Growth % | - | -18.7% | 62.64% | -46.25% | 24.23% | -22.23% | 17.89% |
| D&A (Non-Cash Add-back) | 111.57M | 119.07M | 120M | 119.99M | 123.7M | 101.59M | 115.1M |
| EBIT | 37.32M | 256.56M | 67.23M | -38.82M | 102.16M | 148.95M | 88.64M |
| Net Interest Income | -91.97M | -78.89M | -66.16M | -102.46M | -140.78M | -115.45M | -94.74M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 91.97M | 78.89M | 66.16M | 102.46M | 140.78M | 115.45M | 94.74M |
| Other Income/Expense | -507.56M | 119.71M | -205.87M | -185.9M | -119.43M | -23.94M | 0 |
| Pretax Income | -392.5M▲ 0% | 188.93M▲ 148.1% | -19.62M▼ 110.4% | -141.28M▼ 620.0% | -38.63M▲ 72.7% | 33.5M▲ 186.7% | -2.41M▼ 107.2% |
| Pretax Margin % | -88.25% | 49.27% | -4.89% | -38.22% | -8.42% | 7.8% | -0.43% |
| Income Tax | 1.23M | -146K | 327K | 325K | 322K | 146.68M | -501K |
| Effective Tax Rate % | -0.31% | -0.08% | -1.67% | -0.23% | -0.83% | 437.81% | 20.81% |
| Net Income | -213.01M▲ 0% | 192.35M▲ 190.3% | -19.95M▼ 110.4% | -123.46M▼ 518.9% | -38.95M▲ 68.5% | -113.17M▼ 190.6% | -19.57M▲ 82.7% |
| Net Margin % | -47.89% | 50.16% | -4.97% | -33.4% | -8.49% | -26.34% | -3.48% |
| Net Income Growth % | - | 190.3% | -110.37% | -518.88% | 68.45% | -190.59% | 82.71% |
| Net Income (Continuing) | -393.73M | 189.08M | -19.95M | -141.6M | -38.95M | -113.17M | -1.91M |
| Discontinued Operations | 309.29M | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 186.07M | 0 | 106.33M | 118.58M | 124.65M | 497.33M | 400.38M |
| EPS (Diluted) | -38.79▲ 0% | 55.84▲ 244.0% | -6.57▼ 111.8% | -12.71▼ 93.5% | -6.11▲ 51.9% | -12.78▼ 109.2% | -1.61▲ 87.4% |
| EPS Growth % | - | 243.95% | -111.77% | -93.46% | 51.93% | -109.17% | 87.4% |
| EPS (Basic) | -38.79 | 73.22 | -6.57 | -12.71 | -6.11 | -12.78 | -1.61 |
| Diluted Shares Outstanding | 5.49M | 4.71M | 6.74M | 10.05M | 10.33M | 10.6M | 12.13M |
| Basic Shares Outstanding | 5.49M | 3.59M | 6.74M | 10.05M | 10.33M | 10.6M | 12.13M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
Summit Midstream Corp. (SMC) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 139.86M | 82.1M | 87.37M | 97.54M | 98.42M | 118.27M | 96.92M |
| Cash & Short-Term Investments | 9.53M | 15.54M | 7.35M | 11.81M | 14.04M | 22.82M | 9.27M |
| Cash Only | 9.53M | 15.54M | 7.35M | 11.81M | 14.04M | 22.82M | 9.27M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 97.42M | 61.93M | 62.12M | 75.29M | 76.28M | 77.06M | 69.75M |
| Days Sales Outstanding | 79.95 | 58.95 | 56.47 | 74.35 | 60.67 | 65.47 | 45.29 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - |
| Other Current Assets | 32.91M | 4.62M | 17.9M | 10.45M | 8.1M | 18.39M | 17.89M |
| Total Non-Current Assets | 2.43B | 2.42B | 2.44B | 2.46B | 2.4B | 2.24B | 2.29B |
| Property, Plant & Equipment | 1.88B | 1.82B | 1.73B | 1.73B | 1.71B | 1.79B | 1.84B |
| Fixed Asset Turnover | 0.24x | 0.21x | 0.23x | 0.21x | 0.27x | 0.24x | 0.30x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 232.28M | 199.57M | 172.93M | 198.72M | 175.59M | 154.28M | 153.56M |
| Long-Term Investments | 309.73M | 392.74M | 523.2M | 506.68M | 486.43M | 269.56M | 272.18M |
| Other Non-Current Assets | 9.74M | 7.87M | 9.58M | 25.25M | 22.41M | 32.34M | 20.8M |
| Total Assets | 2.57B▲ 0% | 2.5B▼ 2.9% | 2.52B▲ 0.9% | 2.56B▲ 1.5% | 2.49B▼ 2.6% | 2.36B▼ 5.4% | 2.39B▲ 1.2% |
| Asset Turnover | 0.17x | 0.15x | 0.16x | 0.14x | 0.18x | 0.18x | 0.24x |
| Asset Growth % | - | -2.89% | 0.91% | 1.49% | -2.57% | -5.4% | 1.19% |
| Total Current Liabilities | 5.55M | 68.41M | 79.24M | 117.89M | 134.01M | 174.8M | 176.79M |
| Accounts Payable | 24.41M | 11.88M | 10.5M | 14.05M | 22.71M | 25.16M | 31.65M |
| Days Payables Outstanding | 54.96 | 18 | 24.54 | 18.32 | 24.68 | 29.01 | 75 |
| Short-Term Debt | 5.55M | 2.92M | 0 | 10.51M | 15.52M | 16.58M | 24.17M |
| Deferred Revenue (Current) | -18.87M | 9.99M | 0 | 0 | 0 | 9.6M | 10.12M |
| Other Current Liabilities | 13.93M | 33.97M | 17.5M | 24.44M | 23.05M | 47.37M | 110.85M |
| Current Ratio | 25.22x | 1.20x | 1.10x | 0.83x | 0.73x | 0.68x | 0.55x |
| Quick Ratio | 25.22x | 1.20x | 1.10x | 0.83x | 0.73x | 0.68x | 0.55x |
| Cash Conversion Cycle | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 1.67B | 1.42B | 1.43B | 1.56B | 1.52B | 1.22B | 1.12B |
| Long-Term Debt | 1.62B | 1.35B | 1.36B | 1.48B | 1.46B | 977M | 1.02B |
| Capital Lease Obligations | 3.19M | 3.34M | 2.39M | 10.35M | 8.56M | 0 | 5M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 63.33M | 73.64M |
| Other Non-Current Liabilities | 46.4M | 19.95M | 75.07M | 68.47M | 53.25M | 153.86M | 1.58M |
| Total Liabilities | 5.55M | 1.49B | 1.51B | 1.68B | 1.65B | 1.39B | 1.3B |
| Total Debt | 1.63B | 1.35B | 1.36B | 1.5B | 1.48B | 993.58M | 1.05B |
| Net Debt | 1.62B | 1.34B | 1.35B | 1.49B | 1.47B | 970.75M | 1.04B |
| Debt / Equity | 2.08x | 1.34x | 1.34x | 1.70x | 1.76x | 1.03x | 0.97x |
| Debt / EBITDA | 7.04x | 7.19x | 4.44x | 9.13x | 7.25x | 6.25x | 5.62x |
| Net Debt / EBITDA | 7.00x | 7.11x | 4.41x | 9.06x | 7.19x | 6.10x | 5.57x |
| Interest Coverage | 1.31x | 0.88x | 2.82x | 0.44x | 0.57x | 0.50x | 0.76x |
| Total Equity | 785.24M▲ 0% | 1.01B▲ 28.9% | 1.01B▼ 0.2% | 883.4M▼ 12.6% | 843.22M▼ 4.5% | 965.13M▲ 14.5% | 1.09B▲ 12.7% |
| Equity Growth % | - | 28.95% | -0.18% | -12.59% | -4.55% | 14.46% | 12.72% |
| Book Value per Share | 143.00 | 214.98 | 149.93 | 87.92 | 81.60 | 91.05 | 89.66 |
| Total Shareholders' Equity | 599.17M | 1.01B | 904.36M | 764.82M | 718.56M | 467.79M | 546.18M |
| Common Stock | 305.55M | 748.47M | 734.59M | 679.49M | 621.67M | 181K | 187K |
| Retained Earnings | 0 | 0 | 0 | 0 | 0 | -183.33M | -202.9M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 186.07M | 0 | 106.33M | 118.58M | 124.65M | 497.33M | 400.38M |
Summit Midstream Corp. (SMC) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Cash from Operations | 161.74M | 198.59M | 165.1M | 98.74M | 126.91M | 61.77M | 133.59M |
| Operating CF Margin % | 36.37% | 51.79% | 41.11% | 26.72% | 27.65% | 14.38% | 23.77% |
| Operating CF Growth % | - | 22.78% | -16.86% | -40.19% | 28.52% | -51.33% | 116.27% |
| Net Income | -393.73M | 189.08M | -19.95M | -123.46M | -38.95M | -113.17M | -1.91M |
| Depreciation & Amortization | 111.57M | 119.07M | 120M | 119.99M | 123.7M | 101.59M | 115.1M |
| Stock-Based Compensation | 8.17M | 8.11M | 4.74M | 3.78M | 6.57M | 8.56M | 7.8M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 146.83M | -699K |
| Other Non-Cash Items | 459.73M | -167.69M | 54.44M | 111.97M | 55.28M | -64.07M | 26.06M |
| Working Capital Changes | -24.01M | 50.02M | 5.87M | -13.54M | -19.69M | -17.96M | -12.76M |
| Change in Receivables | -5.47M | 35.35M | -178K | 284K | -3.35M | 3M | 9.85M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -96K | -4.06M | -89K | 2.25M | 4.48M | 1.12M | 5.55M |
| Cash from Investing | -90.87M | -140.57M | -165.73M | -226.56M | -74.76M | 487.06M | -163.15M |
| Capital Expenditures | -182.29M | -43.13M | -25.03M | -30.47M | -68.91M | -53.61M | -89.04M |
| CapEx % of Revenue | 40.99% | 11.25% | 6.23% | 8.24% | 15.02% | 12.48% | 15.84% |
| Acquisitions | -18.32M | -99.93M | -148.7M | -201.03M | -3.5M | 536.27M | -70M |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 109.74M | 2.49M | 8M | 4.95M | -2.35M | 4.4M | -4.11M |
| Cash from Financing | -50.12M | -79.4M | 4.66M | 121.77M | -49.04M | -540.28M | 24.04M |
| Debt Issued (Net) | 145.75M | -19.4M | 25.45M | 142.72M | -27.68M | -502.02M | 49.24M |
| Equity Issued (Net) | 1000K | -1000K | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -149.23M | 0 | 0 | -3.26M | -6.51M | -6.51M | -13.39M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -74.03M | -41.93M | -20.8M | -17.69M | -14.85M | -31.75M | -11.81M |
| Net Change in Cash | 20.75M▲ 0% | -21.38M▼ 203.0% | 4.03M▲ 118.8% | -6.04M▼ 250.0% | 3.11M▲ 151.5% | 8.55M▲ 174.7% | -5.52M▼ 164.5% |
| Free Cash Flow | -20.55M▲ 0% | 155.46M▲ 856.5% | 140.07M▼ 9.9% | 68.27M▼ 51.3% | 58M▼ 15.0% | 8.16M▼ 85.9% | 44.55M▲ 446.0% |
| FCF Margin % | -4.62% | 40.54% | 34.88% | 18.47% | 12.64% | 1.9% | 7.93% |
| FCF Growth % | - | 856.5% | -9.9% | -51.26% | -15.04% | -85.93% | 445.99% |
| FCF per Share | -3.74 | 33.01 | 20.78 | 6.79 | 5.61 | 0.77 | 3.67 |
| FCF Conversion (FCF/Net Income) | -0.76x | 1.03x | -8.28x | -0.80x | -3.26x | -0.55x | -6.83x |
| Interest Paid | 69.91M | 0 | 57.66M | 89.47M | 127.02M | 101.78M | 0 |
| Taxes Paid | 150K | 0 | 191K | 149K | 15K | 22K | 0 |
Summit Midstream Corp. (SMC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -27.13% | 21.4% | -1.97% | -13.04% | -4.51% | -12.52% | -1.91% |
| Return on Invested Capital (ROIC) | 3.74% | 2.18% | 5.93% | 1.41% | 2.59% | 2.03% | 2.67% |
| Gross Margin | 63.54% | 37.2% | 61.11% | 24.23% | 26.79% | 26.3% | 72.6% |
| Net Margin | -47.89% | 50.16% | -4.97% | -33.4% | -8.49% | -26.34% | -3.48% |
| Debt / Equity | 2.08x | 1.34x | 1.34x | 1.70x | 1.76x | 1.03x | 0.97x |
| Interest Coverage | 1.31x | 0.88x | 2.82x | 0.44x | 0.57x | 0.50x | 0.76x |
| FCF Conversion | -0.76x | 1.03x | -8.28x | -0.80x | -3.26x | -0.55x | -6.83x |
| Revenue Growth | - | -13.78% | 4.72% | -7.96% | 24.16% | -6.38% | 30.83% |
Summit Midstream Corp. (SMC) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 2, 2026·SEC
Mar 16, 2026·SEC
Dec 29, 2025·SEC
Summit Midstream Corp. (SMC) stock FAQ — growth, dividends, profitability & financials explained
Summit Midstream Corp. (SMC) reported $562.1M in revenue for fiscal year 2025. This represents a 26% increase from $444.7M in 2019.
Summit Midstream Corp. (SMC) grew revenue by 30.8% over the past year. This is strong growth.
Yes, Summit Midstream Corp. (SMC) is profitable, generating $8.9M in net income for fiscal year 2025 (-3.5% net margin).
Yes, Summit Midstream Corp. (SMC) pays a dividend with a yield of 3.54%. This makes it attractive for income-focused investors.
Summit Midstream Corp. (SMC) has a return on equity (ROE) of -1.9%. Negative ROE indicates the company is unprofitable.
Summit Midstream Corp. (SMC) had negative free cash flow of $3.9M in fiscal year 2025, likely due to heavy capital investments.
Summit Midstream Corp. (SMC) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates