SMC

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Summit Midstream Corp.

Recurring revenue Cyclical demand Sells to businessesTags from an AI model reading the company description.

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Key Metrics

Previous Close: $30.63
52-Week Range: $19.83 – $36.47
Market Cap: $425.09M
P/E (TTM): —
EPS (TTM): -1.07
Dividend Yield: 0.00%

Advanced Metrics

Price/Book: 0.80
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: $2.03B

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	Q2 2026
Revenue	$132.70M	$140.22M	$146.88M	$142.29M	$139.14M	$155.01M
Cost of Revenue	$97.48M	$105.21M	$105.35M	$104.39M	$104.30M	$115.75M
Gross Profit	$35.22M	$35.01M	$41.53M	$37.90M	$34.84M	$39.26M
Selling, General & Admin	$16.60M	$15.52M	$13.16M	$15.74M	$17.87M	$13.69M
Operating Expenses	$16.60M	$15.52M	$13.16M	$15.74M	$17.87M	$13.69M
Operating Income	$18.62M	$19.49M	$28.37M	$22.16M	$16.97M	$25.57M
EBITDA	$56.22M	$49.17M	$58.82M	$43.22M	$47.79M	$60.12M
Pretax Income	$4.93M	-$4.98M	$5.54M	-$7.89M	-$4.17M	$5.63M
Income Tax	$296.00K	-$752.00K	$537.00K	-$582.00K	-$1.00M	$1.07M
Net Income	$5.62M	-$1.25M	$5.56M	-$11.84M	-$252.00K	$3.47M
Diluted EPS	-0.16	-0.66	-0.13	-0.66	-0.43	0.11
Diluted Shares	11.77M	12.24M	12.26M	12.26M	12.33M	14.04M

SMC Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$26.23M	$20.90M	$24.63M	$9.27M	$43.39M	$20.97M
Receivables	$83.92M	$84.58M	$80.10M	$69.75M	$74.19M	$87.20M
Current Assets	$119.76M	$116.07M	$112.15M	$96.92M	$129.97M	$124.47M
Total Assets	$2.43B	$2.42B	$2.41B	$2.39B	$2.41B	$2.41B
Current Liabilities	$150.61M	$157.39M	$147.45M	$176.79M	$108.20M	$131.88M
Long-Term Debt	$1.07B	$1.06B	$1.07B	$1.02B	$1.26B	$1.24B
Total Debt	$1.08B	$1.08B	$1.08B	$1.05B	$1.27B	$1.24B
Total Liabilities	$1.47B	$1.46B	$1.46B	$1.44B	$1.49B	$1.49B
Retained Earnings	-$185.22M	-$193.25M	-$194.83M	-$202.90M	-$208.20M	-$206.59M
Shareholders' Equity	$558.14M	$551.96M	$551.87M	$546.18M	$595.82M	$598.38M
Working Capital	-$30.84M	-$41.31M	-$35.29M	-$79.87M	$21.77M	-$7.41M
Net Debt	$1.06B	$1.05B	$1.06B	$1.04B	$1.22B	$1.22B

SMC Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$16.03M	$37.21M	$26.68M	$53.67M	$6.87M	$43.93M
Capital Expenditure	-$20.61M	-$26.39M	-$22.91M	-$19.13M	-$19.28M	-$24.99M
Free Cash Flow	-$4.58M	$10.82M	$3.76M	$34.54M	-$12.41M	$18.94M
Depreciation & Amortisation	$28.75M	$30.29M	$29.09M	$26.97M	$26.94M	$27.09M
Stock-Based Compensation	$2.38M	$2.36M	$2.06M	$997.00K	$3.04M	$2.30M
Investing Cash Flow	-$93.09M	-$26.96M	-$23.67M	-$19.43M	-$19.36M	-$31.40M
Financing Cash Flow	$81.47M	-$14.35M	-$68.00K	-$43.02M	$42.34M	-$30.29M
Dividends Paid	-$4.99M	-$5.01M	-$5.01M	-$4.89M	-$192.64M	-$1.86M
Net Change in Cash	$4.41M	-$4.10M	$2.94M	-$8.77M	$29.84M	-$17.76M

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.