YOLFTbeta
Summit Midstream Corporation

Summit Midstream Corporation

SMC · NYSE · Energy / Oil & Gas Midstream

30.69USD-0.63 (-2.01%)

Price History

Full chart

Market Stats

Previous Close31.32
Open31.78
Day Range30.49 – 31.92
52-Week Range19.83 – 36.47
Volume112.51K
Market Cap422.61M
P/E (TTM)0.00
Forward P/E26.11
EPS-1.05
Dividend Yield0.00%
Beta0.74
50-Day Avg32.62
200-Day Avg30.13

About

Summit Midstream Corporation owns, develops, and operates midstream energy infrastructure assets primarily shale formations in the continental United States. It operates through Rockies, Permian, Piceance, Mid-Con, and Northeast segments. The company owns, develops, and operates natural gas, crude oil, produced water gathering systems, and transmission pipelines. It serves natural gas and crude oil producers. Summit Midstream Corporation was founded in 2009 and is based in Houston, Texas.

Company Details

  • SectorEnergy
  • IndustryOil & Gas Midstream
  • CEOMr. J. Heath Deneke
  • Employees296
  • Headquarters910 Louisiana Street, Houston, TX, United States, 77002, USA
  • Websitehttps://www.summitmidstream.com

Leadership

  • Mr. J. Heath DenekePresident, CEO & Chairman · b. 1974
  • Mr. William J. MaultExecutive VP & CFO · b. 1986
  • Mr. James David JohnstonExecutive VP, General Counsel, Secretary & Chief Compliance Officer · b. 1970
  • Mr. Matthew B. SicinskiSenior VP & Chief Accounting Officer · b. 1977
  • Randall BurtonDirector of Finance, Treasurer & Investor Relations
  • Mr. Christopher H. TennantSenior VP & Chief Commercial Officer
  • Ms. Carrie VrunoVP & Controller

Financials

Income Statement

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue444.75M383.47M401.56M369.59M458.90M429.62M562.09M
Growth (%)--13.78%+4.72%-7.96%+24.16%-6.38%+30.83%
Cost of Revenue162.16M240.81M156.15M280.03M335.97M316.61M412.44M
Gross Profit282.59M142.66M245.41M89.56M122.94M113.01M149.65M
Gross Margin63.54%37.20%61.11%24.23%26.79%26.30%26.62%
Operating Expense162.57M73.44M59.17M44.94M42.13M55.56M61.02M
Operating Income120.02M69.22M186.24M44.62M80.80M57.45M88.64M
Operating Margin26.99%18.05%46.38%12.07%17.61%13.37%15.77%
EBITDA231.60M375.63M187.22M81.17M225.86M250.53M207.43M
EBITDA Margin52.07%97.95%46.62%21.96%49.22%58.32%36.90%
Net Income-213.01M192.35M-19.95M-123.46M-38.95M-113.17M-1.91M
Net Income Margin-47.89%50.16%-4.97%-33.40%-8.49%-26.34%-0.34%
Interest Expense91.97M78.89M66.16M102.46M140.78M115.45M94.74M
Interest Expense % of Total Revenue20.68%20.57%16.47%27.72%30.68%26.87%16.85%

Balance Sheet

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets2.57B2.50B2.52B2.56B2.49B2.36B2.39B
Total Liabilities5.55M1.49B1.51B1.68B1.65B1.39B1.30B
Total Equity599.17M1.01B904.36M764.82M718.56M467.79M687.48M
Cash9.53M15.54M7.35M11.81M14.04M22.82M9.27M
Total Debt1.63B1.35B1.36B1.50B1.48B993.58M1.05B
Net Debt1.62B1.34B1.35B1.49B1.47B970.75M1.04B

Cash Flow

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow161.74M198.59M165.10M98.74M126.91M61.77M133.59M
Investing Cash Flow-90.87M-140.57M-165.73M-226.56M-74.76M487.06M-163.15M
Financing Cash Flow-50.12M-79.40M4.66M121.77M-49.04M-540.28M24.04M
Capital Expenditure182.29M43.13M25.03M30.47M68.91M53.61M89.04M
Free Cash Flow-20.55M155.46M140.07M68.27M58.00M8.16M44.55M
Dividends Paid149.23M003.26M6.51M6.51M13.39M
FCF to OCF-12.71%78.28%84.84%69.14%45.70%13.21%33.35%
Dividend Paid to FCF-726.18%0.00%0.00%4.77%11.23%79.82%30.06%

Earnings

Report DateNov 14, 2012Mar 14, 2013May 13, 2013Aug 8, 2013Nov 7, 2013Mar 10, 2014May 7, 2014Aug 7, 2014Nov 6, 2014Feb 27, 2015May 6, 2015Aug 6, 2015Nov 9, 2015Feb 25, 2016May 6, 2016Aug 4, 2016Nov 3, 2016Feb 24, 2017May 4, 2017Aug 3, 2017Nov 2, 2017Feb 23, 2018May 3, 2018Aug 2, 2018Nov 8, 2018Feb 26, 2019May 9, 2019Aug 9, 2019Nov 8, 2019Feb 28, 2020May 8, 2020Aug 7, 2020Nov 6, 2020Mar 4, 2021May 7, 2021Aug 6, 2021Nov 4, 2021Feb 25, 2022May 3, 2022Aug 4, 2022Nov 3, 2022Feb 24, 2023May 5, 2023Aug 9, 2023Nov 3, 2023Mar 15, 2024May 3, 2024Aug 8, 2024Nov 12, 2024Mar 11, 2025May 12, 2025Aug 11, 2025Nov 10, 2025Mar 17, 2026May 11, 2026Aug 10, 2026Nov 9, 2026
EPS Estimate0.22-0.290.220.300.33-0.210.26-0.200.140.040.04-0.150.34-0.210.100.13-0.100.270.18-0.170.130.150.11--0.020.15--0.20-0.520.21-0.791.32-1.70-1.12-1.270.120.080.250.42---------0.49-0.370.34
EPS Actual0.225.290.380.290.270.220.860.230.27-9.780.330.190.110.42-1.86-0.330.282.400.200.130.15-4.860.22-0.790.645.82-0.58-0.03-0.21-3.79-0.441.061.2529.730.12-2.91-0.17-3.421.32-9.53-1.28-3.03-1.82-1.91-0.27-2.1211.47-2.91-19.25-2.94-0.24-1.21-0.130.410.150.11-
Surprise0.00%-31.03%31.82%-10.00%-33.33%-9.52%3.85%-65.00%35.71%175.00%950.00%--320.00%-17.65%--4.76%30.00%15.38%-120.00%-392.59%255.56%--441.18%-123.08%-240.00%-3545.45%-5400.00%733.33%-160.00%-459.62%-180.95%-332.91%0.00%-460.59%-14.29%-138.58%-1616.67%-2487.50%-208.00%-604.76%--------130.61%129.73%-
TimingPre-market-After-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hours-After-hoursAfter-hoursPre-marketAfter-hours-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursPre-marketPre-marketPre-market-Pre-marketPre-market-Pre-marketPre-marketPre-marketPre-market-After-hoursAfter-hours-Pre-marketAfter-hours---After-hours----After-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap422.61M
Enterprise Value1.71B
Trailing P/E0.00
Forward P/E26.11
Price / Sales0.72
Price / Book0.81
EPS-1.05
Book Value38.76
Revenue (TTM)584.27M
Gross Profit (TTM)263.62M
EBITDA201.65M
Profit Margin-3.55%
Operating Margin16.49%
Return on Equity-2.92%
Return on Assets2.37%
Shares Outstanding13.78M
Shares Float3.15M
Beta0.74
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Ownership Breakdown

Institutions
42.27%
Insiders
29.89%
Retail / Other
27.84%

Top Institutional Holders

  • Amvescap Plc.
    969.40K7.03%
  • Deltroit Asset Management (UK) LLP
    815.00K5.91%
  • BlackRock Inc
    649.39K4.71%
  • Vanguard Capital Management, LLC
    506.17K3.67%
  • Eagle Global Advisors, LLC
    263.09K1.91%
  • Geode Capital Management, LLC
    233.02K1.69%
  • State Street Corp
    178.61K1.30%
  • Charles Schwab Investment Management Inc
    174.32K1.26%
  • American Century Companies Inc
    155.12K1.13%
  • Bank of America Corp
    154.54K1.12%
  • Flat Footed LLC
    124.28K0.90%
  • Bridgeway Capital Management, LLC
    117.80K0.85%
  • Morgan Stanley - Brokerage Accounts
    96.24K0.70%

Top Fund Holders

  • Invesco SteelPath MLP Income Y
    738.63K5.36%
  • Vanguard MStar Total Stk Mkt Idx Invest
    379.20K2.75%
  • Invesco SteelPath MLP Select 40 Y
    214.72K1.56%
  • iShares Russell 2000 ETF
    207.67K1.51%
  • Avantis US Small Cap Value ETF
    129.41K0.94%
  • EA Bridgeway Omni Small-Cap Value ETF
    96.02K0.70%
  • Eagle Energy Infrastructure I
    95.00K0.69%

Dividends

20201×
1.88Feb 6, 2020
20194×
4.32Nov 6, 20194.32Aug 6, 20194.32May 7, 20198.63Feb 6, 2019
20184×
8.63Nov 6, 20188.63Aug 6, 20188.63May 7, 20188.63Feb 6, 2018
20174×
8.63Nov 6, 20178.63Aug 3, 20178.63May 4, 20178.63Feb 3, 2017
20164×
8.63Nov 3, 20168.63Aug 3, 20168.63May 4, 20168.63Feb 3, 2016
20154×
8.63Nov 4, 20158.55Aug 5, 20158.47May 6, 20158.40Feb 4, 2015
20143×
8.10Nov 5, 20147.80Aug 5, 20147.50May 6, 2014

Stock Splits

  • Nov 10, 20201:15