Summit Midstream Corp. (SMC) Revenue History
Annual and quarterly revenue from 2019 to present
SMC Revenue Over Time (2019–2025)
SMC Revenue Growth History
3 of 6 years with positive growth- FY2019 revenue growth
- N/A
- FY2020 revenue growth
- -13.8%
- FY2021 revenue growth
- +4.7%
- FY2022 revenue growth
- -8.0%
- FY2023 revenue growth
- +24.2%
- FY2024 revenue growth
- -6.4%
- FY2025 revenue growth
- +30.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $139.1M | +4.9% |
| Q4 2025 | $142.3M | +33.0% |
| Q3 2025 | $146.9M | +43.4% |
| Q2 2025 | $140.2M | +38.4% |
| Q1 2025 | $132.7M | +11.6% |
| Q4 2024 | $107.0M | -15.9% |
| Q3 2024 | $102.4M | -15.5% |
| Q2 2024 | $101.3M | +3.5% |
Multi-year avg. share of annual revenue by fiscal quarter
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)
Current Revenue & Growth
As of June 29, 2026, Summit Midstream Corp. (SMC) generated trailing twelve-month (TTM) revenue of $568.5 million, reflecting modest growth of +4.9% year-over-year. The most recent quarter (Q1 2026) recorded $139.1 million in revenue, down 2.2% sequentially.
Historical Growth Trajectory
SMC's 5-year compound annual growth rate (CAGR) stands at +7.9%, indicating steady revenue expansion. The 3-year CAGR of +15.0% exceeds the 5-year average, indicating an acceleration in the most recent period. Summit Midstream Corp.'s highest annual revenue of $562.1 million was recorded in 2025, an all-time high.
Revenue by Segment
SMC's revenue is primarily driven by Natural Gas N G L And Condensate Sales (47%), Gathering Servicesand Related Fees (45%), and Other Products And Services (7%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Energy sector peers — including HESM (+7.3% YoY), DKL (+13.0% YoY), and WES (+11.4% YoY) — SMC has underperformed the peer group in 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 | $569M | +4.9% | +7.9% | 15.8% | |
 HESM | $1.6B | +7.3% | +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% | $149.7M | 26.6% | $88.6M | 15.8% |
| 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% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
7+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
SMC — Frequently Asked Questions
Quick answers to the most common questions about buying SMC stock.
Is SMC's revenue growth accelerating or slowing?
SMC revenue growth is slowing. TTM revenue is $569M, up +4.9% year-over-year — below the 5-year CAGR of +7.9%. The deceleration suggests maturing end-markets or increased competition.
What is SMC's revenue history from 2019 to 2026?
Summit Midstream Corp. (SMC) revenue history spans 2019 to 2026. TTM revenue as of 2026 is $569M, growing at +4.9% YoY. The 5-year CAGR is +7.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is SMC's long-term revenue growth rate (CAGR)?
Summit Midstream Corp.'s 5-year revenue CAGR of +7.9% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of +4.9% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for SMC.
Why does SMC's quarterly revenue fluctuate?
SMC quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Summit Midstream Corp.'s revenue data from 2019 to 2026 shows full historical quarterly detail on this page.
How is SMC's revenue distributed by segment?
SMC reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does SMC's revenue compare to industry peers?
Summit Midstream Corp. (SMC) with TTM revenue of $569M and +4.9% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.