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Energy - Oil & Gas Midstream - NYSE - US
$ 25.29
0.0791 %
$ 310 M
Market Cap
-1.01
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one SMC stock under the worst case scenario is HIDDEN Compared to the current market price of 25.3 USD, Summit Midstream Corp. is HIDDEN

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one SMC stock under the base case scenario is HIDDEN Compared to the current market price of 25.3 USD, Summit Midstream Corp. is HIDDEN

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one SMC stock under the best case scenario is HIDDEN Compared to the current market price of 25.3 USD, Summit Midstream Corp. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart SMC

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$50.0$50.0$45.0$45.0$40.0$40.0$35.0$35.0$30.0$30.0$25.0$25.0$20.0$20.015 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 JunJul '25Jul '25
FINANCIALS
430 M REVENUE
-6.38%
57.4 M OPERATING INCOME
-28.90%
-113 M NET INCOME
-190.59%
61.8 M OPERATING CASH FLOW
-51.33%
487 M INVESTING CASH FLOW
751.53%
-540 M FINANCING CASH FLOW
-1001.79%
133 M REVENUE
24.00%
14.6 M OPERATING INCOME
16.55%
4.63 M NET INCOME
118.70%
16 M OPERATING CASH FLOW
-25.95%
-93.1 M INVESTING CASH FLOW
45.99%
81.5 M FINANCING CASH FLOW
158.30%
Balance Sheet Summit Midstream Corp.
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Current Assets 118 M
Cash & Short-Term Investments 22.8 M
Receivables 77.1 M
Other Current Assets 18.4 M
Non-Current Assets 2.24 B
Long-Term Investments 270 M
PP&E 1.79 B
Other Non-Current Assets 187 M
3.27 %11.42 %75.65 %7.91 %Total Assets$2.4b
Current Liabilities 175 M
Accounts Payable 25.2 M
Short-Term Debt 16.6 M
Other Current Liabilities 133 M
Non-Current Liabilities 1.22 B
Long-Term Debt 977 M
Other Non-Current Liabilities 243 M
9.54 %70.07 %17.40 %Total Liabilities$1.4b
EFFICIENCY
Earnings Waterfall Summit Midstream Corp.
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Revenue 430 M
Cost Of Revenue 317 M
Gross Profit 113 M
Operating Expenses 55.6 M
Operating Income 57.4 M
Other Expenses 171 M
Net Income -113 M
500m500m400m400m300m300m200m200m100m100m00(100m)(100m)(200m)(200m)430m(317m)113m(56m)57m(171m)(113m)RevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
26.30% GROSS MARGIN
26.30%
13.37% OPERATING MARGIN
13.37%
-26.34% NET MARGIN
-26.34%
-24.19% ROE
-24.19%
-4.80% ROA
-4.80%
-8.82% ROIC
-8.82%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Summit Midstream Corp.
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160m160m140m140m120m120m100m100m80m80m60m60m40m40m20m20m00(20m)(20m)(40m)(40m)202020202021202120222022202320232024202420252025
Net Income -113 M
Depreciation & Amortization 102 M
Capital Expenditures -53.6 M
Stock-Based Compensation 8.56 M
Change in Working Capital -18 M
Others -86.2 M
Free Cash Flow 8.16 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Summit Midstream Corp.
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SMC has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
5. COMPETITION
6. Ownership
Insider Ownership Summit Midstream Corp.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
3.06 M USD 2
6-9 MONTHS
1.93 M USD 2
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Summit Midstream: Patience Is Key For Investing Summit Midstream Corporation has managed its heavy debt load well, but weak oil and gas prices challenge its growth and utilization rates. The company generates strong free cash flow and is focused on reducing debt to 3.5x EBITDA, aiming for a market re-rating. Low asset utilization, especially in the Rockies and Piceance segments, and high interest expenses remain significant risks. seekingalpha.com - 2 weeks ago
SMC Gains 6.9% on Y/Y Revenue Growth in Q1 Despite Earnings Drop SMC posts solid Q1 revenue growth, reaffirming guidance amid crude headwinds, and benefits from recent Moonrise and Tall Oak acquisitions. zacks.com - 1 month ago
Summit Midstream Corporation, Inc. (SMC) Q1 2025 Earnings Call Transcript Summit Midstream Corporation, Inc. (NYSE:SMC ) Q1 2025 Earnings Conference Call May 8, 2025 10:00 AM ET Company Participants Randall Burton - Director of Finance, Treasurer & IR Heath Deneke - President, CEO & Chairman Bill Mault - EVP & CFO Conference Call Participants Operator Thank you for standing by. My name is Lee, and I will be your conference operator today. seekingalpha.com - 2 months ago
Summit Midstream Corporation Reports First Quarter 2025 Financial and Operating Results HOUSTON , May 7, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the  "Company") announced today its financial and operating results for the three months ended March 31, 2025. Highlights First quarter 2025 net income of $4.6 million, adjusted EBITDA of $57.5 million and cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $33.5 million Raised $250 million of additional 8.625% Senior Secured Second Lien Notes Due 2029 at an issue price of 103.375% Completed the value-accretive bolt on acquisition of Moonrise Midstream in the DJ Basin on March 10, 2025 Finalized optimization project in the Rockies that we expect to improve Adjusted EBITDA margin beginning in the second quarter 2025 Reinstated cash dividend on the Series A Preferred Stock on March 15, 2025 Connected 41 wells during the first quarter and maintained an active customer base with six drilling rigs and over 100 DUCs behind our systems Reiterated 2025 full-year financial guidance range of $245 million to $280 million in adjusted EBITDA and total capital expenditures of $65 million to $75 million Management Commentary Heath Deneke, President, Chief Executive Officer and Chairman, commented, "Summit's first quarter 2025 financial and operating results were in line with management expectations with $57.5 million of adjusted EBITDA generated in the first quarter. prnewswire.com - 2 months ago
Zacks Initiates Coverage of Summit Midstream With Neutral Recommendation Discover why Zacks, being the first on Wall Street to initiate the stock coverage, rates SMC as "Neutral." Explore SMC's improved liquidity, growth moves and asset strength, balanced by integration risks and customer concentration. zacks.com - 2 months ago
Summit Midstream Corporation Schedules First Quarter 2025 Earnings Call HOUSTON , April 25, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today that it will report operating and financial results for the first quarter of 2025 on Thursday, May 8, 2025, before the open of trading on the New York Stock Exchange. First Quarter 2025 Earnings Call SMC will host a conference call at 10:00 a.m. prnewswire.com - 2 months ago
Summit Midstream: Likely Common Dividend Resumption Could Pop The Stock Summit Midstream Corporation's Q4 results were decent, with adjusted EBITDA at $46.2M and free cash flow at $6.6M, aligning with expectations. 2025 guidance projects adjusted EBITDA between $245M-$280M, driven by well connections in the Rockies and the Moonrise Midstream acquisition. Free cash flow is expected to hit $100M, aiding deleveraging to a 3.5x leverage target and resumption of preferred dividends, potentially benefiting common shareholders. seekingalpha.com - 3 months ago
Summit Midstream Corporation Announces 2024 K-1 Tax Package Availability HOUSTON , March 28, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Corporation") announced today that its 2024 tax packages for Summit Midstream Partners, LP, including a final Schedule K-1, are now available online and may be accessed at https://partnerdatalink.com/Summit. For additional information or assistance, unitholders may also contact Partner DataLink via email at SummitK1Help@deloitte.com or via phone at (855) 375-4158 Monday through Friday from 8:00 a.m. prnewswire.com - 3 months ago
Summit Midstream Continues To Ramp Up Scale Summit Midstream has continued to find new opportunities to make bolt-on acquisitions to its portfolio. The company has cleaned up its balance sheet and its debt-to-adjusted EBITDA is in line with peers, but interest rates are incredibly high. The Series A payment resumption is a strong step in the company's path to drive future shareholder returns. seekingalpha.com - 3 months ago
Summit Midstream Posts Q4 Loss, Eyes Growth With Acquisitions SMC reports a wider y/y Q4 loss, revenue dip and EBITDA decline. It eyes growth through acquisitions and investments in 2025. zacks.com - 3 months ago
Summit Midstream Corporation (SMC) Q4 2024 Earnings Call Transcript Summit Midstream Corporation (NYSE:SMC ) Q4 2024 Earnings Conference Call March 11, 2024 10:00 AM ET Company Participants Randall Burton - Director, Finance and Investor Relations Heath Deneke - President, CEO, and Chairman Bill Mault - CFO Conference Call Participants Operator Ladies and gentlemen, thank you for standing by. Welcome to the Summit Midstream Corporation Fourth Quarter 2024 Earnings Conference Call. seekingalpha.com - 3 months ago
Summit Midstream Corporation Reports Fourth Quarter and Full-Year 2024 Financial and Operating Results & Provides Full-Year 2025 Guidance HOUSTON , March 10, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today its financial and operating results for fourth quarter and full-year 2024 and provided full-year 2025 financial guidance. Highlights Fourth quarter 2024 net loss of $24.8 million, adjusted EBITDA of $46.2 million, cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $22.1 million and free cash flow ("FCF") of $6.6 million Reduced total leverage to 3.9x1 at year-end 2024 Successfully closed value- and credit-accretive acquisition of Tall Oak Midstream III Connected 23 wells during the fourth quarter, resulting in 156 wells connected in 2024 Active customer base with over 100 DUCs behind our systems and 125 to 185 wells expected in 2025 Closed the value- and credit-accretive bolt on acquisition of Moonrise Midstream in the DJ Basin on March 10, 2025 Reinstated cash dividend on the Series A Preferred Stock beginning March 15, 2025 Provided 2025 full-year financial guidance range2 of $245 million to $280 million in adjusted EBITDA and total capital expenditures of $65 million to $75 million Management Commentary Heath Deneke, President, Chief Executive Officer and Chairman, commented, "2024 was an eventful and pivotal year for Summit. prnewswire.com - 3 months ago
8. Profile Summary

Summit Midstream Corp. SMC

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COUNTRY US
INDUSTRY Oil & Gas Midstream
MARKET CAP $ 310 M
Dividend Yield 0.00%
Description 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.
Contact 910 Louisiana Street, Houston, TX, 77002 https://www.summitmidstream.com
IPO Date Feb. 22, 2010
Employees 272
Officers Mr. Hugo Guerrero Senior Vice President of Engineering & Operations Mr. J. Heath Deneke President, Chief Executive Officer & Chairman Mr. James David Johnston Executive Vice President, General Counsel, Secretary & Chief Compliance Officer Randall Burton Director of Finance, Treasurer & Investor Relations Mr. Matthew B. Sicinski Senior Vice President & Chief Accounting Officer Ms. Carrie Vruno Vice President & Controller Mr. William J. Mault Executive Vice President & Chief Financial Officer