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) | $569.47M |
| Gross Profit (TTM) | $262.57M |
| EBITDA | $200.28M |
| Operating Margin | 12.20% |
| Return on Equity | -3.54% |
| Return on Assets | 2.25% |
| Revenue/Share (TTM) | $46.40 |
| Book Value | $38.49 |
| Price-to-Book | 0.77 |
| Price-to-Sales (TTM) | 0.73 |
| EV/Revenue | 2.987 |
| EV/EBITDA | 8.53 |
| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | 4.90% |
| Shares Outstanding | $13.81M |
| Float | $2.23M |
| % Insiders | 29.84% |
| % Institutions | 40.74% |
Volatility is currently contracting
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
HOUSTON, May 11, 2026 /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, 2026. Highlights First quarter 2026 net loss of $3.2 million, Adjusted EBITDA of $54.2 million, cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $26.9 million and free cash flow ("FCF") of $11.4 million Connected 37 wells during the first quarter, including four Williston wells from the new 10-year crude gathering agreement; five rigs currently running with approximately 80 DUCs behind the systems Executed a new precedent agreement for 100 MMcf/d of firm capacity on the Double E Pipeline, with Q1 2027 expected in-service date and 10-year term Repaid all $45 million of accrued Series A Preferred Stock dividends clearing a key milestone toward reinstating a common dividend Completed a $42 million private placement of common stock to an affiliate of Tailwater Capital LLC, Summit's largest shareholder, providing additional financial flexibility to execute on high-return growth projects and reduce ABL borrowings Reiterating 2026 full-year Adjusted EBITDA guidance of $225 million to $265 million, supported by accelerating producer activity in the Rockies and anticipated Mid-Con volume ramp Management Commentary Heath Deneke, President, Chief Executive Officer and Chairman, commented, "First quarter results reflected favorable crude oil prices primarily impacting our Rockies segment, offset by lower realized residue gas prices and lower than expected volumes in the Mid-Con Segment.
Summit Midstream Corporation (SMC) Shareholder/Analyst Call Prepared Remarks Transcript
HOUSTON, April 29, 2026 /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 2026 on Monday, May 11, 2026, after the close of trading on the New York Stock Exchange. First Quarter 2026 Earnings Call SMC will host a conference call at 10:00 a.m.
Summit Midstream Corp remains a strong buy, driven by undervalued natural gas assets and robust long-term demand fundamentals. SMC posted $60 million in Q4'25 adjusted EBITDA, $17 million FCF, and maintains a manageable 3.9x leverage ratio. The Double E pipeline, with new take-or-pay contracts and potential expansion, is poised to drive significant EBITDA growth.
