Summit Midstream Corp/$SMC
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Capital at risk
About Summit Midstream Corp
Summit Midstream Corp is a value-driven corporation focused on developing, owning and operating midstream energy infrastructure assets strategically located in unconventional resource basins, shale formations, in the continental U.S. It currently operates natural gas, crude oil and produced water gathering systems in various unconventional resource basins including the Williston Basin, DJ Basin, Barnett Shale, Piceance Basin, Permian Basin, and the Arkoma Basin. The company's reportable segments are: Rockies, Permian, Mid-Con, Piceance, and Northeast. Maximum revenue is generated from the Mid-Con segment. Summit generates revenue mainly from natural gas, NGLs, and condensate sales, and the provision of gathering and related services.
- Ticker
- $SMC
- Sector
- Energy
- Primary listing
- NYSE
- Employees
- 296
- Headquarters
- Houston, United States
- Website
- www.summitmidstream.com
SMC Metrics
BasicAdvanced
$422M
-
-$0.27
0.88
-
Price and volume
Market cap
$422M
Beta
0.88
52-week high
$36.47
52-week low
$22.27
Average daily volume
157K
Financial strength
Current ratio
1.252
Quick ratio
1.083
Long term debt to equity
1.334
Total debt to equity
1.337
Interest coverage (TTM)
0.84%
Profitability
EBITDA (TTM)
206.303
Gross margin (TTM)
43.53%
Net profit margin (TTM)
-3.29%
Operating margin (TTM)
15.77%
Effective tax rate (TTM)
-13.71%
Revenue per employee (TTM)
$2,100,000
Management effectiveness
Return on assets (TTM)
2.53%
Return on equity (TTM)
-0.58%
Valuation
Price to revenue (TTM)
0.65
Price to book
0.78
Price to tangible book (TTM)
1.07
Price to free cash flow (TTM)
-12.991
Free cash flow yield (TTM)
-7.70%
Free cash flow per share (TTM)
-2.378
Growth
Revenue change (TTM)
17.55%
Earnings per share change (TTM)
-91.43%
3-year revenue growth (CAGR)
14.05%
10-year revenue growth (CAGR)
4.80%
3-year earnings per share growth (CAGR)
-66.19%
10-year earnings per share growth (CAGR)
-41.95%
What the Analysts think about SMC
Analyst ratings (Buy, Hold, Sell) for Summit Midstream Corp stock.
Analyst projections of the future price of Summit Midstream Corp stock.
Bulls say / Bears say
Third-quarter adjusted EBITDA rose 16% from the previous quarter to $70.7 million, prompting Summit to raise its 2026 guidance to $250–260 million. That stronger earnings run-rate supports the case for improved cash generation. (Summit Midstream Corporation)
Double E reached a final investment decision on its compression expansion, backed by new long-term take-or-pay commitments, including a 200 MMcf/d deal with an investment-grade shipper. Record third-quarter throughput and added capacity could grow Summit’s Permian earnings as the project comes online. (Summit Midstream Corporation, Summit Midstream Corporation)
Rockies activity is building: 51 new wells helped lift liquids throughput by about 40% and segment EBITDA by 32% quarter on quarter. Summit expects 200–250 well connections in 2027, offering a visible route to further volume growth. (Summit Midstream Corporation)
Leverage remains substantial at about 3.9 times at the end of the third quarter, even though Summit expects it to fall to 3.6 times by year-end. That debt burden may limit the cash available for investment or shareholder returns if earnings weaken. (Summit Midstream Corporation)
The Double E expansion still needs to secure contracts for about 450 MMcf/d of its planned 900 MMcf/d of added capacity, and it remains subject to regulatory approvals. A shortfall in subscriptions or a delay could push back the expected benefits of the project. (Summit Midstream Corporation, Summit Midstream Corporation)
Fee-based contracts reduce direct commodity-price exposure, but weaker prices can still prompt customers to delay drilling or shut in production, cutting the volumes Summit gathers. Its first-half filing reported lower throughput from natural declines and producer shut-ins, illustrating that risk. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 10 Nov 2026.
SMC Financial Performance
Revenues and expenses
SMC Earnings Performance
Company profitability
Upcoming events
No upcoming events
SMC News
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Funds containing SMC
Fund name | Fund size | $SMC weighting |
|---|---|---|
SPDR Russell 2000 US Small Cap€R2US | $5B | 0.01% |
SPDR Russell 2000 US Small Cap£R2SC | $5B | 0.01% |
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