SMC

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Summit Midstream Corp.

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Key Metrics

Previous Close: $34.59
52-Week Range: $19.13 – $36.47
Market Cap: $478.15M
P/E (TTM): —
EPS (TTM): -1.06
Dividend Yield: —

Advanced Metrics

Price/Book: 0.90
PEG Ratio: —
Return on Equity: -2.92%
Return on Assets: 2.37%
Gross Margin: 45.12%
Operating Margin: 16.49%
Profit Margin: -3.55%
Current Ratio: 0.94
Debt/Equity: 1.35
Total Debt: $1.24B
Free Cash Flow: $-3.57M
Revenue Growth: 10.60%
Earnings Growth: —
Enterprise Value: $2.08B

SMC Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$369.59M	$458.90M	$429.62M	$562.09M
Cost of Revenue	$280.03M	$335.97M	$316.61M	$412.44M
Gross Profit	$89.56M	$122.94M	$113.01M	$149.65M
Selling, General & Admin	$44.94M	$42.13M	$55.56M	$61.02M
Operating Expenses	$44.94M	$42.13M	$55.56M	$61.02M
Operating Income	$44.62M	$80.80M	$57.45M	$88.64M
EBITDA	$81.17M	$225.86M	$250.53M	$207.43M
Pretax Income	-$141.28M	-$38.63M	$33.50M	-$2.41M
Income Tax	$325.00K	$322.00K	$146.68M	-$501.00K
Net Income	-$123.46M	-$38.95M	-$113.17M	-$1.91M
Diluted EPS	-12.71	-6.11	-12.78	-1.61
Diluted Shares	10.05M	10.33M	10.60M	12.13M

SMC Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$11.81M	$14.04M	$22.82M	$9.27M
Receivables	$75.29M	$76.28M	$77.06M	$69.75M
Current Assets	$97.54M	$98.42M	$118.27M	$96.92M
Total Assets	$2.56B	$2.49B	$2.36B	$2.39B
Current Liabilities	$117.89M	$134.01M	$174.80M	$176.79M
Long-Term Debt	$1.48B	$1.46B	$977.00M	$1.02B
Total Debt	$1.49B	$1.47B	$993.58M	$1.05B
Total Liabilities	$1.80B	$1.78B	$1.39B	$1.44B
Retained Earnings	—	—	-$183.33M	-$202.90M
Shareholders' Equity	$0.00	$0.00	$467.79M	$546.18M
Working Capital	-$20.35M	-$35.59M	-$56.53M	-$79.87M
Net Debt	$1.48B	$1.46B	$970.75M	$1.04B

SMC Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$98.74M	$126.91M	$61.77M	$133.59M
Capital Expenditure	-$30.47M	-$68.91M	-$53.61M	-$89.04M
Free Cash Flow	$68.27M	$58.00M	$8.16M	$44.55M
Depreciation & Amortisation	$119.99M	$123.70M	$101.59M	$115.10M
Stock-Based Compensation	$3.78M	$6.57M	$8.56M	$7.80M
Investing Cash Flow	-$226.56M	-$74.76M	$487.06M	-$163.15M
Financing Cash Flow	$121.77M	-$49.04M	-$540.28M	$24.04M
Dividends Paid	-$3.26M	-$6.51M	-$6.51M	-$19.91M
Net Change in Cash	-$6.04M	$3.11M	$8.55M	-$5.52M

SMC Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$132.70M	$140.22M	$146.88M	$142.29M	$139.14M
Cost of Revenue	$97.48M	$105.21M	$105.35M	$104.39M	$104.30M
Gross Profit	$35.22M	$35.01M	$41.53M	$37.90M	$34.84M
Selling, General & Admin	$16.60M	$15.52M	$13.16M	$15.74M	$17.87M
Operating Expenses	$16.60M	$15.52M	$13.16M	$15.74M	$17.87M
Operating Income	$18.62M	$19.49M	$28.37M	$22.16M	$16.97M
EBITDA	$56.22M	$49.17M	$58.82M	$43.22M	$47.79M
Pretax Income	$4.93M	-$4.98M	$5.54M	-$7.89M	-$4.17M
Income Tax	$296.00K	-$752.00K	$537.00K	-$582.00K	-$1.00M
Net Income	$5.62M	-$1.25M	$5.56M	-$11.84M	-$252.00K
Diluted EPS	-0.16	-0.66	-0.13	-0.66	-0.43
Diluted Shares	11.77M	12.24M	12.26M	12.26M	12.33M

SMC Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$26.23M	$20.90M	$24.63M	$9.27M	$43.39M
Receivables	$83.92M	$84.58M	$80.10M	$69.75M	$74.19M
Current Assets	$119.76M	$116.07M	$112.15M	$96.92M	$129.97M
Total Assets	$2.43B	$2.42B	$2.41B	$2.39B	$2.41B
Current Liabilities	$150.61M	$157.39M	$147.45M	$176.79M	$108.20M
Long-Term Debt	$1.07B	$1.06B	$1.07B	$1.02B	$1.26B
Total Debt	$1.08B	$1.08B	$1.08B	$1.05B	$1.27B
Total Liabilities	$1.47B	$1.46B	$1.46B	$1.44B	$1.49B
Retained Earnings	-$185.22M	-$193.25M	-$194.83M	-$202.90M	-$208.20M
Shareholders' Equity	$558.14M	$551.96M	$551.87M	$546.18M	$595.82M
Working Capital	-$30.84M	-$41.31M	-$35.29M	-$79.87M	$21.77M
Net Debt	$1.06B	$1.05B	$1.06B	$1.04B	$1.22B

SMC Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$16.03M	$37.21M	$26.68M	$53.67M	$6.87M
Capital Expenditure	-$20.61M	-$26.39M	-$22.91M	-$19.13M	-$19.28M
Free Cash Flow	-$4.58M	$10.82M	$3.76M	$34.54M	-$12.41M
Depreciation & Amortisation	$28.75M	$30.29M	$29.09M	$26.97M	$26.94M
Stock-Based Compensation	$2.38M	$2.36M	$2.06M	$997.00K	$3.04M
Investing Cash Flow	-$93.09M	-$26.96M	-$23.67M	-$19.43M	-$19.36M
Financing Cash Flow	$81.47M	-$14.35M	-$68.00K	-$43.02M	$42.34M
Dividends Paid	-$4.99M	-$5.01M	-$5.01M	-$4.89M	-$192.64M
Net Change in Cash	$4.41M	-$4.10M	$2.94M	-$8.77M	$29.84M

Market Snapshot

About

Summit Midstream Corp. owns and operates midstream energy infrastructure assets that gather, process, and transport natural gas and crude oil. The company provides services primarily in unconventional resource basins across the continental United States. Summit Midstream serves exploration and production companies through fee-based contracts.