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Summit Midstream Corp.

SMC

NYSEEnergyOil & Gas Midstream

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Previous close

$34.11

−$0.575 · -1.66%

Aug 21, 4:00 PM ET

SMC company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

99

Deep Value

Momentum

47

Neutral

Sentiment

45

Mixed

Risk resilience

57

Elevated Risk

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Company profile

Company website

Summit Midstream Corporation specializes in managing and developing critical energy infrastructure, primarily across the continental United States' significant shale formations. The company oversees extensive collection networks for natural gas, crude oil, and produced water. These operations span four major unconventional resource basins: the Williston Basin in North Dakota (encompassing the Bakken and Three Forks shale plays), the Denver-Julesburg Basin across Colorado and Wyoming (with its Niobrara and Codell formations), the Fort Worth Basin in Texas (featuring the Barnett Shale), and Colorado's Piceance Basin (home to the Mesaverde, and emerging Mancos and Niobrara formations). Their services cater directly to natural gas and crude oil producers. Established in 2012, Summit Midstream Corporation maintains its headquarters in Houston, Texas.

Industry
Oil & Gas Midstream
Sector
Energy
Headquarters
US
CEO
J. Heath Deneke
Listed since
Feb 22, 2010
Employees
296

Market position

Day range

Current $34.11

52-week range

Current $34.11

Open
$34.87
Previous close
$34.685
Volume
42.92K
0.73× average
Average volume
59.1K
Average daily volume
Market cap
471.21M USD
Beta
0.73
Market reference 1
50-day average
$30.7916
+10.78% above average
200-day average
$28.9942
+17.64% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.37B USD
P/E (TTM)
-31.01×
P/B (TTM)
0.79×
P/S (TTM)
0.81×
EV / EBITDA
6.59×
Earnings yield
-0.59%
Free cash flow yield
13.76%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
42.16%
Operating margin
15.30%
Net margin
-0.52%
Return on equity
-0.28%
Return on assets
-0.08%
Return on invested capital
3.14%

Financial health

Debt / equity
2.07×
Current ratio
0.55×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends71%33%-5%-43%Gross margin, FY2021: 61.11%Gross margin, FY2022: 24.23%Gross margin, FY2023: 26.79%Gross margin, FY2024: 26.30%Gross margin, FY2025: 26.62%Operating margin, FY2021: 46.38%Operating margin, FY2022: 12.07%Operating margin, FY2023: 17.61%Operating margin, FY2024: 13.37%Operating margin, FY2025: 15.77%Net margin, FY2021: -4.97%Net margin, FY2022: -33.40%Net margin, FY2023: -8.49%Net margin, FY2024: -26.34%Net margin, FY2025: -0.34%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 61.11%. Gross margin FY2022 24.23%. Gross margin FY2023 26.79%. Gross margin FY2024 26.30%. Gross margin FY2025 26.62%. Operating margin FY2021 46.38%. Operating margin FY2022 12.07%. Operating margin FY2023 17.61%. Operating margin FY2024 13.37%. Operating margin FY2025 15.77%. Net margin FY2021 -4.97%. Net margin FY2022 -33.40%. Net margin FY2023 -8.49%. Net margin FY2024 -26.34%. Net margin FY2025 -0.34%.

Income trends

Revenue

562.09M USD+30.83%

Operating income

88.64M USD+54.29%

Net income

−1.91M USD+98.32%
Income trends across reported periods630.65M USD356.43M USD82.2M USD−192.02M USDRevenue, FY2021: 401.56M USDRevenue, FY2022: 369.59M USDRevenue, FY2023: 458.9M USDRevenue, FY2024: 429.62M USDRevenue, FY2025: 562.09M USDOperating income, FY2021: 186.24M USDOperating income, FY2022: 44.62M USDOperating income, FY2023: 80.8M USDOperating income, FY2024: 57.45M USDOperating income, FY2025: 88.64M USDNet income, FY2021: −19.95M USDNet income, FY2022: −123.46M USDNet income, FY2023: −38.95M USDNet income, FY2024: −113.18M USDNet income, FY2025: −1.91M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 401.56M USD. Revenue FY2022 369.59M USD. Revenue FY2023 458.9M USD. Revenue FY2024 429.62M USD. Revenue FY2025 562.09M USD. Operating income FY2021 186.24M USD. Operating income FY2022 44.62M USD. Operating income FY2023 80.8M USD. Operating income FY2024 57.45M USD. Operating income FY2025 88.64M USD. Net income FY2021 −19.95M USD. Net income FY2022 −123.46M USD. Net income FY2023 −38.95M USD. Net income FY2024 −113.18M USD. Net income FY2025 −1.91M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue562.09M USD429.62M USD458.9M USD369.59M USD401.56M USD
Cost of goods sold412.44M USD316.61M USD335.97M USD280.03M USD156.15M USD
Gross profit149.65M USD113.01M USD122.94M USD89.56M USD245.41M USD
Selling, general, and administrative61.02M USD55.56M USD42.14M USD44.94M USD59.17M USD
Operating expenses61.02M USD55.56M USD42.14M USD44.94M USD59.17M USD
Interest expense94.74M USD115.45M USD140.78M USD102.46M USD66.16M USD
Depreciation and amortization115.1M USD101.59M USD123.7M USD119.99M USD120M USD
Operating income88.64M USD57.45M USD80.8M USD44.62M USD186.24M USD
Net income−1.91M USD−113.18M USD−38.95M USD−123.46M USD−19.95M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
40%
2 beats, 3 misses, 0 met estimates
Average EPS surprise
-903.81%
5 comparable reports
Latest EPS result
0.11
Estimate -0.36 · Beat by 130.99%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates17.8410.673.5-3.67Q1 '25No estimateQ2 '25No estimateQ3 '25No estimateQ4 '25No estimateQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 10, 2025: actual -2.19, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 7, 2025: actual 16.36, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 11, 2025: actual -0.66, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 10, 2025: actual -0.13, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 16, 2026: actual -0.66, estimate 0.3, surprise -320.00%, Miss. Q2 2026, reported May 11, 2026: actual -0.43, estimate -0.49, surprise +12.24%, Beat. Q3 2026, reported Aug 10, 2026: actual 0.11, estimate -0.355, surprise +130.99%, Beat. Q4 2026, reported Nov 9, 2026: actual —, estimate 0.125, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates175.75M150.59M125.42M100.26MQ1 '25No estimateQ2 '25No estimateQ3 '25No estimateQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 10, 2025: actual 107.02M USD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 7, 2025: actual 132.7M USD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 11, 2025: actual 140.22M USD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 10, 2025: actual 146.88M USD, estimate 146.71M USD, surprise +0.12%, Beat. Q1 2026, reported Mar 16, 2026: actual 142.29M USD, estimate 146.7M USD, surprise -3.00%, Miss. Q2 2026, reported May 11, 2026: actual 139.14M USD, estimate 139.88M USD, surprise -0.53%, Miss. Q3 2026, reported Aug 10, 2026: actual 155.01M USD, estimate 169M USD, surprise -8.27%, Miss. Q4 2026, reported Nov 9, 2026: actual —, estimate 168.01M USD, surprise —, Comparison unavailable.

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