SMC
Summit Midstream Corporation
NYSE: SMC · ENERGY · OIL & GAS MIDSTREAM
$30.44
-2.50% today
Updated 2026-05-07
Market cap
$431.44M
P/E ratio
—
P/S ratio
0.77x
EPS (TTM)
$-1.61
Dividend yield
—
52W range
$19 – $34
Volume
0.1M
Summit Midstream Corporation (SMC) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $444.75M | $383.47M | $401.56M | $369.59M | $458.90M | $429.62M | $562.09M |
| Revenue growth (YoY) | — | -13.8% | +4.7% | -8.0% | +24.2% | -6.4% | +30.8% |
| Cost of revenue | $162.16M | $240.81M | $156.15M | $280.03M | $335.97M | $316.61M | $412.44M |
| Gross profit | $282.59M | $142.66M | $245.41M | $89.56M | $122.94M | $113.01M | $149.65M |
| Gross margin | 63.5% | 37.2% | 61.1% | 24.2% | 26.8% | 26.3% | 26.6% |
| R&D | — | — | — | — | — | — | — |
| SG&A | $46.95M | $73.44M | $56.69M | $44.94M | $42.13M | $55.56M | $61.02M |
| Operating income | $120.02M | $69.22M | $186.24M | $44.62M | $80.80M | $57.45M | $88.64M |
| Operating margin | 27.0% | 18.1% | 46.4% | 12.1% | 17.6% | 13.4% | 15.8% |
| EBITDA | $231.60M | $375.63M | $187.22M | $81.17M | $225.86M | $250.53M | $203.73M |
| EBITDA margin | 52.1% | 98.0% | 46.6% | 22.0% | 49.2% | 58.3% | 36.2% |
| EBIT | $120.02M | $256.56M | $67.23M | $-38.82M | $102.16M | $148.95M | $88.64M |
| Interest expense | $91.97M | $78.89M | $66.16M | $102.46M | $140.78M | $115.45M | $94.74M |
| Income tax | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-213.01M | $192.35M | $-19.95M | $-123.46M | $-38.95M | $-113.17M | $-1.91M |
| Net income growth (YoY) | — | +190.3% | -110.4% | -518.9% | +68.5% | -190.6% | +98.3% |
| Profit margin | -47.9% | 50.2% | -5.0% | -33.4% | -8.5% | -26.3% | -0.3% |