SMC - NYSE

Summit Midstream Corp.

SMC·NYSE

$30.06

+2.8%

EnergyOil & Gas Midstream

Summit 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.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$415.26M

EPS-1.6100

P/E Ratio-18.67

Earnings Date06/15/2026

2.39B

Assets

3Y-7.0%

5Y-4.0%

10Y-7.0%

1.30B

Total Liabilities

-7%

3Y-22.0%

5Y-13.0%

10Y+23336.0%

1.09B

Total Equity

13%

3Y+23.0%

5Y+7.0%

10Y+39.0%

Summit Midstream Corp. Funding & Solvency Profile

SMC · NYSE

Current Assets

Cash & Cash Equivalents9.27M

Net Receivables69.75M

Inventory0.00

Other Current Assets17.89M

Total Current Assets97 M

Non-Current Assets

Property, Plant & Equipment1.84B

Goodwill & Intangible Assets153.56M

Long-Term Investments272.18M

Other Non-Current Assets20.80M

Total Non-Current Assets2 B

Total Assets

2.39B

Financial Health Analysis

Current Ratio

0.55x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

1.19x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

-79872000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

4% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Negative working capital with limited cash reserves requires immediate attention—potential liquidity crisis if not addressed promptly.

Summit Midstream Corp. Balance Sheet

SMC • NYSE

Summit Midstream Corp. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	9.3M	22.8M	14M	11.8M	7.3M	15.5M	9.5M
Cash & Short-Term Investments	9.3M	22.8M	14M	11.8M	7.3M	15.5M	9.5M
Net Receivables	69.8M	77.1M	76.3M	75.3M	62.1M	61.9M	97.4M
Accounts Receivables	69.8M	77.1M	76.3M	75.3M	62.1M	61.9M	97.4M
Other Current Assets	17.9M	18.4M	8.1M	10.4M	17.9M	4.6M	32.9M
Total Current Assets	96.9M	118.3M	98.4M	97.5M	87.4M	82.1M	139.9M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	1.8B	1.8B	1.7B	1.7B	1.7B	1.8B	1.9B
Intangible Assets	153.6M	154.3M	175.6M	198.7M	172.9M	199.6M	232.3M
Goodwill & Intangible Assets	153.6M	154.3M	175.6M	198.7M	172.9M	199.6M	232.3M
Long-Term Investments	272.2M	269.6M	486.4M	506.7M	523.2M	392.7M	309.7M
Other Non-Current Assets	20.8M	32.3M	22.4M	25.3M	9.6M	7.9M	9.7M
Total Non-Current Assets	2.3B	2.2B	2.4B	2.5B	2.4B	2.4B	2.4B
Total Assets	2.4B	2.4B	2.5B	2.6B	2.5B	2.5B	2.6B
LIABILITIES
CURRENT LIABILITIES
Total Payables	31.7M	41.4M	22.7M	14.1M	10.5M	11.9M	32.9M
Accounts Payable	31.7M	25.2M	22.7M	14.1M	10.5M	11.9M	24.4M
Other Payables	0.0	16.2M	0.0	0.0	0.0	0.0	8.5M
Accrued Expenses	0.0	59.9M	68.5M	65.9M	49.9M	9.7M	23.7M
Short Term Debt	24.2M	16.6M	15.5M	10.5M	0.0	2.9M	5.5M
Capital Lease Obligations (Current)	0.0	0.0	4.2M	3M	1.4M	0.0	0.0
Tax Payables	10.2M	9.5M	0.0	0.0	0.0	0.0	0.0
Deferred Revenue	10.1M	9.6M	0.0	0.0	0.0	10M	-18.9M
Other Current Liabilities	110.9M	47.4M	23M	24.4M	17.5M	34M	13.9M
Total Current Liabilities	176.8M	174.8M	134M	117.9M	79.2M	68.4M	5.5M
NON-CURRENT LIABILITIES
Long Term Debt	1B	977M	1.5B	1.5B	1.4B	1.3B	1.6B
Deferred Revenue (Non-Current)	18.4M	25.4M	0.0	0.0	0.0	48.3M	0.0
Deferred Tax Liabilities (Non-Current)	73.6M	63.3M	0.0	0.0	0.0	0.0	0.0
Other Non-Current Liabilities	1.6M	153.9M	53.2M	68.5M	75.1M	19.9M	46.4M
Total Non-Current Liabilities	1.1B	1.2B	1.5B	1.6B	1.4B	1.4B	1.7B
Other Liabilities	0.0	0.0	0.0	0.0	0.0	0.0	-1.7B
Capital Lease Obligations	5M	0.0	12.8M	13.4M	3.8M	3.3M	5.7M
Total Liabilities	1.3B	1.4B	1.7B	1.7B	1.5B	1.5B	5.5M
SHAREHOLDERS' EQUITY
Preferred Stock	251.8M	110.2M	96.9M	85.3M	169.8M	264.1M	293.6M
Common Stock	187K	181K	621.7M	679.5M	734.6M	748.5M	305.6M
Additional Paid-In Capital	638.4M	540.7M	0.0	0.0	0.0	0.0	0.0
Retained Earnings	-202.9M	-183.3M	0.0	0.0	0.0	0.0	0.0
Total Stockholders' Equity	687.5M	467.8M	718.6M	764.8M	904.4M	1B	599.2M
Total Equity	1.1B	965.1M	843.2M	883.4M	1B	1B	785.2M
Minority Interest	400.4M	497.3M	124.7M	118.6M	106.3M	0.0	186.1M
SUMMARY
Total Liabilities & Equity	2.4B	2.4B	2.5B	2.6B	2.5B	2.5B	2.6B
Total Investments	272.2M	269.6M	486.4M	506.7M	523.2M	392.7M	309.7M
Total Debt	1.1B	993.6M	1.5B	1.5B	1.4B	1.4B	1.6B
Net Debt	1B	970.8M	1.5B	1.5B	1.4B	1.3B	1.6B
Shares Outstanding	12,241,864	12,241,864	12,241,864	12,241,864	12,241,864	12,241,864	12,241,864

SEC Filings

SMC - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	June 01, 2026	June 01, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 12, 2026	May 07, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 11, 2026	May 11, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 11, 2026	March 31, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 10, 2026	May 07, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 02, 2026	March 31, 2026	2026	View Filing
10-K 10-K 2025 FY FY	March 16, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	March 16, 2026	March 16, 2026	2026	View Filing
8-K 8-K 2025 N/A	December 29, 2025	December 23, 2025	2025	View Filing
8-K 8-K 2025 N/A	November 10, 2025	November 10, 2025	2025	View Filing

Showing 1 to 10 of 37 filings

Related Guides

Blog Categories

Continue your SMC research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.