Summit Midstream Corporation (SMC) is a prominent midstream energy company focused on the gathering, processing, and transportation of natural gas across strategic U.S. markets. The firm has built a robust and efficient infrastructure that bolsters connectivity and reliability in essential natural gas supply chains, catering to the increasing demand for cleaner energy sources. SMC is committed to sustainability and long-term value creation, utilizing disciplined capital investments and operational excellence to adapt to the dynamic energy landscape. As it pursues strategic growth initiatives, SMC is positioned as a key player in the evolving midstream sector, appealing to institutional investors seeking stability and growth potential in their portfolios.
| Revenue (TTM) | $584.27M |
| Gross Profit (TTM) | $263.62M |
| EBITDA | $201.65M |
| Operating Margin | 16.50% |
| Return on Equity | -2.92% |
| Return on Assets | 2.37% |
| Revenue/Share (TTM) | $46.12 |
| Book Value | $38.49 |
| Price-to-Book | 0.90 |
| Price-to-Sales (TTM) | 0.82 |
| EV/Revenue | 3.025 |
| EV/EBITDA | 8.41 |
| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | 10.60% |
| Shares Outstanding | $13.78M |
| Float | $2.20M |
| % Insiders | 29.89% |
| % Institutions | 42.22% |
Volatility is currently expanding
Summit Midstream Partners, LP (SMC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Summit Midstream Partners NYSE: SMC reported second-quarter 2026 adjusted EBITDA of $60.7 million, up 12% from the first quarter, as growth in its Rockies and Mid-Con segments outweighed weaker results in the Piceance business.
HOUSTON, Aug. 10, 2026 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today its financial and operating results for the three months ended June 30, 2026. Highlights Second quarter 2026 net income of $4.6 million, Adjusted EBITDA of $60.7 million, an increase of 12% relative to the first quarter of 2026, cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $36.8 million and free cash flow ("FCF") of $9.4 million Eight rigs currently operating behind the Rockies systems, including six in the Williston Basin and two in the DJ Basin, with approximately 75 DUCs across the footprint Mid-Con Segment natural gas volume throughput increased 9.9% to 523 MMcf/d relative to the first quarter of 2026, driving a 10% increase in Segment Adjusted EBITDA Established $35 million stock repurchase program Continued commercial progress in the Permian and Williston Basins, including new firm transportation agreements on Double E and a new crude gathering agreement in Divide County, North Dakota Tightened 2026 Adjusted EBITDA guidance range to $235 million to $255 million and increased total capital expenditures to $100 million to $120 million to reflect additional high-returning growth projects in the Rockies and Permian Segments Management Commentary Heath Deneke, President, Chief Executive Officer and Chairman, commented, "Customer activity ramped up meaningfully across our footprint during the second quarter with 36 new well connections, driving a 12% increase in Adjusted EBITDA relative to the first quarter.
HOUSTON, July 30, 2026 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today that it will report operating and financial results for the second quarter of 2026 on Monday, August 10, 2026, after the close of trading on the New York Stock Exchange. Second Quarter 2026 Earnings Call SMC will host a conference call at 10:00 a.m.
Summit Midstream (SMC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Summit Midstream: The Final Steps And Then Growth
The heavy selling pressure might have exhausted for Summit Midstream (SMC) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
HOUSTON, June 1, 2026 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit," "SMC" or the "Company") today announced that its Board of Directors has authorized the Company's inaugural stock repurchase program to repurchase up to $35 million of the Company's outstanding common stock. Heath Deneke, President, Chief Executive Officer and Chairman, commented, "The authorization of our inaugural share repurchase program reflects the Board's confidence in Summit's financial strength and the significant progress we have made over the past year in simplifying our balance sheet and strengthening our platform.
Summit Midstream Partners NYSE: SMC said first-quarter 2026 results were broadly in line with expectations, as strength in its Rockies business helped offset weaker volumes and lower realized residue gas prices in its MidCon segment.
Summit Midstream Corporation (SMC) Q1 2026 Earnings Call Transcript
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