Summit Midstream Corp.(SMC)Earnings, Financials & Key Ratios

SMC•NYSE

$30.21

Price updated Jul 7, 2026

SectorEnergy IndustryMidstream Oil & Gas Sub-IndustryGas Gathering, Processing and NGLs

AboutSummit Midstream Corporation focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. It operates natural gas, crude oil, and produced water gathering systems in four unconventional resource basins, including the Williston Basin in North Dakota, which includes the Bakken and Three Forks shale formations; the Denver-Julesburg Basin that consists of the Niobrara and Codell shale formations in Colorado and Wyoming; the Fort Worth Basin in Texas, which comprises the Barnett Shale formation; and the Piceance Basin in Colorado, which includes the Mesaverde formation, as well as the emerging Mancos and Niobrara Shale formations. It serves natural gas and crude oil producers. Summit Midstream Corporation was founded in 2012 and is based in Houston, Texas.Show more

Revenue$562M+30.8%
EBITDA$204M+28.1%
Net Income-$2M+98.3%
EPS (Diluted)-1.61+87.4%
Gross Margin26.62%+1.2%
EBITDA Margin36.25%-2.1%
Operating Margin15.77%+17.9%
Net Margin-0.34%+98.7%
ROE-0.19%+98.5%

SMC Price & Volume

Summit Midstream Corp. (SMC) stock price & volume — 10-year historical chart

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Persistent Operational Volatility Masks Structural Financial Risks

Investment Thesis • Updated 2026Q1

VerdictNegative

Growth:Mixed

Profitability:Strained

Financial:Strained

Cash Flow:Mixed

Primary Risk:High leverage and liquidity

Key Thesis Takeaways

Summit Midstream Corp.
faces a challenging outlook characterized by erratic revenue growth and persistent net income volatility, as evidenced by a 192.9% net loss in 2024Q3.
While the company maintains a fee-based model, its inability to consistently generate positive net margins—compounded by a deepening negative retained earnings balance of $208.2M—suggests significant long-term solvency concerns.
Investors should remain cautious as the firm balances capital-intensive infrastructure requirements against a strained liquidity profile, highlighted by a current ratio that dropped to 0.55 in 2025Q4.

Verdict Logic

the company's fundamental instability is underscored by a precarious current ratio of 0.55 and a history of erratic free cash flow margins that reached a trough of -22.9% in 2024Q2.

SMC Growth Metrics

Summit Midstream Corp. (SMC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years7.95%

3 Years15%

TTM28.21%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM96.76%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM92.39%

Return on Capital

10 Years3.83%

5 Years3.88%

3 Years3.31%

Last Year4.03%

SMC Recent Earnings

Summit Midstream Corp. (SMC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 2/12 qtrs (40%)●Beat Revenue 4/12 qtrs (57%)

Q2 2026Latest

May 11, 2026

Metric

Actual

Est

EPS

$0.43+12.2%

$0.49

Rev

$139M-0.5%

$140M

Q2 2026

Mar 16, 2026

Metric

Actual

Est

EPS

$0.66-320.0%

$0.30

Rev

$142M-3.0%

$147M

Q4 2025

Nov 10, 2025

Metric

Actual

Est

EPS

$0.13

—

Rev

$147M+0.1%

$147M

Q3 2025

Aug 11, 2025

Metric

Actual

Est

EPS

$0.66

—

Rev

$140M

—

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 11, 2026	$0.43vs $0.49+12.2%	$139Mvs $140M-0.5%
Q2 2026	Mar 16, 2026	$0.66vs $0.30-320.0%	$142Mvs $147M-3.0%
Q4 2025	Nov 10, 2025	$0.13	$147Mvs $147M+0.1%
Q3 2025	Aug 11, 2025	$0.66	$140M

Based on last 12 quarters of dataView full earnings history →

Latest SMC News

Recent stock market news and headlines for Summit Midstream Corp. (SMC)

Seeking Alpha·2 days ago

Summit Midstream: The Lower It Sits, The More Bought Back

Summit Midstream Corp is positioned for strong returns, leveraging its Double E pipeline expansion and balance sheet improvements. SMC expects to nearly double EBITDA by 2029E, driven by new Double E commitments and minimal capex, with potential $100 million EBITDA growth by 2030. Despite a $1.23 billion debt load, SMC's double-digit FCF yield and focus on debt reduction and capex moderation support a positive outlook.

Zacks Investment Research·Jun 24, 2026

All You Need to Know About Summit Midstream (SMC) Rating Upgrade to Buy

Summit Midstream (SMC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Peers Comparison

Key metrics vs top competitors for Summit Midstream Corp. (SMC)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
SMCSummit Midstream Corp.Current	$30.21	$417.48M	-18.76	30.83%	-0.34%	-0.19%	3.65%
HESMHess Midstream LP	$39.15	$8.09B	13.69	8.67%	22.65%	84.47%	—
DKLDelek Logistics Partners, LP	$53.55	$2.85B	16.23	7.73%	16%	1917.1%	—
WESWestern Midstream Partners, LP	$44.80	$17.64B	14.93	6.61%	29.9%	33.79%	—
TRGPTarga Resources Corp.	$273.81	$58.77B	32.14	3.06%	12.98%	70.77%	—
AMAntero Midstream Corporation	$22.71	$10.79B	26.41	6.99%	31.94%	20.38%	—

Compare SMC vs Peers

Summit Midstream Corp. (SMC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs HESM

Most directly comparable listed peer for SMC.

Scale Benchmark

vs WMB

Larger-name benchmark to compare SMC against a more recognizable public peer.

Peer Set

Compare Top 5

vs HESM, DKL, WES, TRGP

SMC SEC Filings & Documents

Summit Midstream Corp. (SMC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 12, 2026·SEC

Material company update

May 11, 2026·SEC

Material company update

Apr 2, 2026·SEC

10-K Annual Reports

FY 2026

Mar 16, 2026·SEC

FY 2025

Mar 11, 2025·SEC

10-Q Quarterly Reports

FY 2026

May 11, 2026·SEC

FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 11, 2025·SEC

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SMC Frequently Asked Questions

Summit Midstream Corp. (SMC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is Summit Midstream Corp.'s revenue?

Summit Midstream Corp. (SMC) reported $568.5M in revenue for fiscal year 2025. This represents a 28% increase from $444.7M in 2019.

How fast is Summit Midstream Corp. growing?

Summit Midstream Corp. (SMC) grew revenue by 30.8% over the past year. This is strong growth.

Is SMC profitable?

Summit Midstream Corp. (SMC) reported a net loss of $7.8M for fiscal year 2025.

Dividend & Returns

Does SMC pay dividends?

Yes, Summit Midstream Corp. (SMC) pays a dividend with a yield of 3.65%. This makes it attractive for income-focused investors.

What is SMC's return on equity?

Summit Midstream Corp. (SMC) has a return on equity (ROE) of -0.2%. Negative ROE indicates the company is unprofitable.

What is Summit Midstream Corp.'s free cash flow?

Summit Midstream Corp. (SMC) had negative free cash flow of $11.7M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in SMC back in 2019?

Total return calculator · dividends reinvested · 7+ years of data

See returns →

Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q2 2026Latest

May 11, 2026

$0.43vs $0.49+12.2%

$139Mvs $140M-0.5%

Q2 2026

Mar 16, 2026

$0.66vs $0.30-320.0%

$142Mvs $147M-3.0%

Q4 2025

Nov 10, 2025

$0.13

$147Mvs $147M+0.1%

Q3 2025

Aug 11, 2025

$0.66

$140M

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

SMCSummit Midstream Corp.Current

$30.21

$417.48M

-18.76

30.83%

-0.34%

-0.19%

3.65%

HESMHess Midstream LP

$39.15

$8.09B

13.69

8.67%

22.65%

84.47%

—

DKLDelek Logistics Partners, LP

$53.55

$2.85B

16.23

7.73%

16%

1917.1%

—

WESWestern Midstream Partners, LP

$44.80

$17.64B

14.93

6.61%

29.9%

33.79%

—

TRGPTarga Resources Corp.

$273.81

$58.77B

32.14

3.06%

12.98%

70.77%

—

AMAntero Midstream Corporation

$22.71

$10.79B

26.41

6.99%

31.94%

20.38%

—