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Financials · SMC

Summit Midstream Corporation (SMC) financials

For the twelve months ended Jun 30, 2026, Summit Midstream Corporation reported $583.33M of revenue and $289.0K of net income.

Revenue, TTM
$583.33M
Revenue growth, YoY
+20.9%
Net income, TTM
$289.0K
Net margin
0.0%
Free cash flow, TTM
$44.84M
EPS, diluted, TTM
-$1.11
Cash
$20.97M
Total debt
$1.24B
P/E
1906.43
P/S
0.94
Market cap
$551.0M
Annual revenue$562.09M
FY2023FY2025
Annual net income-$5.94M
FY2023FY2025
Annual free cash flow$44.55M
FY2023FY2025

SMC revenue and earnings growth

SMC revenueQ2 2026$155.01M

Quarter YoY
+10.6%
QoQ
+11.4%
FY YoY
+30.8%

SMC revenue was $155.01M in fiscal Q2 2026 (ended Jun 30, 2026), up 10.6% from a year earlier and up 11.4% from the prior quarter. For the full fiscal 2025 it was $562.09M, up 30.8% from fiscal 2024.

SMC net incomeQ2 2026$1.61M

SMC net income was $1.61M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$8.03M a year earlier. For the full fiscal 2025 it was -$5.94M, compared with -$122.16M in fiscal 2024.

SMC EPSQ2 2026$0.11

SMC diluted EPS was $0.11 in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$0.66 a year earlier. For the full fiscal 2025 it was -$1.61, compared with -$12.78 in fiscal 2024.

SMC free cash flowQ2 2026$18.94M

Quarter YoY
+75.0%
FY YoY
+446.0%

SMC free cash flow was $18.94M in fiscal Q2 2026 (ended Jun 30, 2026), up 75.0% from a year earlier. For the full fiscal 2025 it was $44.55M, up 446.0% from fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
Revenue$562.09M$429.62M$458.90M
Cost of revenue$149.14M$115.00M$112.46M
Gross profit$412.95M$314.62M$346.44M
Selling, general and admin$61.02M$55.56M$42.13M
Interest expense$94.74M$115.45M$140.78M
Pre-tax income-$2.41M$33.50M-$38.63M
Income tax-$501.0K$146.68M$322.0K
Net income-$5.94M-$122.16M-$51.53M
EPS, basic-$1.61-$12.78-$6.11
EPS, diluted-$1.61-$12.78-$6.11
Diluted shares12.1M10.6M10.3M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
Cash and equivalents$9.27M$25.20M$16.64M
Receivables$69.75M$77.06M$76.28M
Current assets$96.92M$118.27M$98.42M
Total assets$2.39B$2.36B$2.49B
Current liabilities$176.79M$174.80M$134.01M
Short-term debt$21.22M$16.58M$15.52M
Long-term debt$1.02B$977.00M$1.46B
Total debt$1.05B$993.58M$1.47B
Total liabilities$1.30B$1.26B$1.65B
Shareholders' equity$546.18M$467.79M$718.56M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
Operating cash flow$133.59M$61.77M$126.91M
Capital expenditures$89.04M$53.61M$68.91M
Free cash flow$44.55M$8.16M$58.00M
Investing cash flow-$163.15M$487.06M-$74.76M
Financing cash flow$24.04M-$540.28M-$49.04M
Stock-based compensation$7.80M$8.56M$6.57M
Depreciation and amortization$114.16M$100.65M$122.76M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
Revenue growth, YoY30.8%-6.4%-
Gross margin73.5%73.2%75.5%
Net margin-1.1%-28.4%-11.2%
Free cash flow margin7.9%1.9%12.6%
Return on equity-1.1%-26.1%-7.2%
Return on assets-0.2%-5.2%-2.1%
Current ratio0.550.680.73
Debt to equity1.912.122.05

Source: XBRL data Summit Midstream Corporation files with the SEC, latest filing dated Aug 10, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

SMC peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
SMC$583.33M+20.9%$289.0K0.0%$551.0M
WMB$15.43B+10.1%$3.07B19.9%$162.73B
ENBC$89.93B+40.0%C$6.73B7.5%$102.40B
NGG£17.69B-3.8%£3.24B18.3%$87.30B
EPD$64.40B+21.5%$6.59B10.2%$79.86B
KMI$18.34B+11.7%$3.60B19.6%$66.73B
TRPC$15.24B+10.7%C$3.52B23.1%$61.92B
TRGP$18.19B+4.7%$2.45B13.5%$56.74B
MPLX$13.21B+3.1%$4.34B32.9%$56.64B

SMC FAQ

9 questions
  • What is SMC revenue?
    Summit Midstream Corporation (SMC) reported $583.33M of revenue for the twelve months ended Jun 30, 2026. That is up 20.9% from the year before. Revenue for fiscal 2025 was $562.09M.
  • Is SMC profitable?
    Yes. Summit Midstream Corporation earned $289.0K in net income for the twelve months ended Jun 30, 2026, a net margin of 0.0%.
  • How much cash and debt does SMC have?
    Summit Midstream Corporation reported $20.97M in cash and cash equivalents and $1.24B of debt on its most recent balance sheet in SEC filings.
  • How fast is SMC revenue growing?
    Summit Midstream Corporation's revenue changed +30.8% in fiscal 2025, to $562.09M.
  • What is SMC gross margin?
    Summit Midstream Corporation's gross profit was $417.08M on $583.33M of revenue for the twelve months ended Jun 30, 2026, a gross margin of 71.5%.
  • What is SMC free cash flow?
    Summit Midstream Corporation generated $44.84M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of $131.15M less capital expenditures.
  • What is SMC earnings per share?
    Diluted earnings per share were -$1.11 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did SMC last report financial results?
    The latest statements here come from Summit Midstream Corporation's 10-Q filed on Aug 10, 2026, covering the period ended Jun 30, 2026.
  • Where does this SMC financial data come from?
    Quantisnow builds these statements from the structured XBRL data Summit Midstream Corporation files with the SEC. It is provided for information only and is not investment advice.