Summit Midstream Corp. (SMC) Revenue History
Annual and quarterly revenue from 2019 to 2025
Compound Annual Growth Rate (CAGR)
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SMC Revenue Growth
Revenue Breakdown (FY 2025)
SMC's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
SMC Revenue Analysis (2019–2025)
As of May 8, 2026, Summit Midstream Corp. (SMC) generated trailing twelve-month (TTM) revenue of $562.1 million, reflecting explosive growth of +33.0% year-over-year. The most recent quarter (Q4 2025) recorded $142.3 million in revenue, down 3.1% sequentially.
Looking at the longer-term picture, SMC's 5-year compound annual growth rate (CAGR) stands at +7.9%, indicating steady revenue expansion. The company achieved its highest annual revenue of $562.1 million in 2025, representing a new all-time high.
Revenue diversification analysis shows SMC's business is primarily driven by Natural Gas N G L And Condensate Sales (47%), Gathering Servicesand Related Fees (45%), and Other Products And Services (7%).
When compared to Energy sector peers including HESM (+8.6% YoY), DKL (+13.0% YoY), and WES (+11.4% YoY), SMC has outperformed the peer group in terms of revenue growth. Compare SMC vs HESM →
SMC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SMCCurrent | $562M | +33.0% | +7.9% | 12.9% | |
 HESM | $1.6B | +8.6% | +8.2% | 62.2% | |
 DKL | $1.0B | +13.0% | +12.5% | 18.0% | |
 WES | $3.8B | +11.4% | +6.7% | 41.3% | |
 TRGP | $17.1B | -2.3% | +15.7% | 20.1% | |
 AM | $1.3B | +8.1% | +5.3% | 51.2% |
SMC Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $562.1M | +30.8% | $408.1M | 72.6% | $72.4M | 12.9% |
| 2024 | $429.6M | -6.4% | $113.0M | 26.3% | $57.4M | 13.4% |
| 2023 | $458.9M | +24.2% | $122.9M | 26.8% | $80.8M | 17.6% |
| 2022 | $369.6M | -8.0% | $89.6M | 24.2% | $44.6M | 12.1% |
| 2021 | $401.6M | +4.7% | $245.4M | 61.1% | $186.2M | 46.4% |
| 2020 | $383.5M | -13.8% | $142.7M | 37.2% | $69.2M | 18.1% |
| 2019 | $444.7M | - | $282.6M | 63.5% | $120.0M | 27.0% |
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Start ComparisonSMC — Frequently Asked Questions
Quick answers to the most common questions about buying SMC stock.
Is SMC's revenue growth accelerating or slowing?
SMC revenue is accelerating at +33.0% year-over-year, exceeding the 5-year CAGR of +7.9%. TTM revenue reached $562M. Growth momentum has increased versus prior periods.
What is SMC's long-term revenue growth rate?
Summit Midstream Corp.'s 5-year revenue CAGR of +7.9% reflects the sustained expansion pattern. Current YoY growth of +33.0% is above this long-term average.
How is SMC's revenue distributed by segment?
SMC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2025 are available for download. Segment mix reveals concentration and diversification trends.