Summit Midstream Corporation (SMC)

NYSE: SMC · Real-Time Price · USD
34.21
-1.23 (-3.47%)
At close: Mar 28, 2025, 4:00 PM
34.00
-0.21 (-0.61%)
After-hours: Mar 28, 2025, 5:55 PM EDT
-3.47%
Market Cap 414.65M
Revenue (ttm) 430.56M
Net Income (ttm) -141.32M
Shares Out 12.12M
EPS (ttm) -13.33
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 55,725
Open 35.39
Previous Close 35.44
Day's Range 34.12 - 35.12
52-Week Range 27.00 - 45.89
Beta 2.28
Analysts n/a
Price Target n/a
Earnings Date Mar 10, 2025

About SMC

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... [Read more]

Sector Energy
IPO Date Sep 28, 2012
Employees 272
Stock Exchange NYSE
Ticker Symbol SMC
Full Company Profile

Financial Performance

In 2024, Summit Midstream's revenue was $430.56 million, a decrease of -6.37% compared to the previous year's $459.84 million. Losses were -$141.32 million, 124.0% more than in 2023.

Financial numbers in USD Financial Statements

News

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-$280...

9 hours ago - Seeking Alpha

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, i...

11 hours ago - PRNewsWire

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 pee...

4 days ago - Seeking Alpha

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 - Presi...

17 days ago - Seeking Alpha

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-yea...

18 days ago - PRNewsWire

Summit Midstream Corporation Announces the Acquisition of Moonrise Midstream and Provides DJ Basin Operational Update

HOUSTON , March 10, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company")  announced today that its wholly owned subsidiary, Summit Midstream Holdings, LLC (...

18 days ago - PRNewsWire

Summit Midstream: Rough Ride Ahead

Summit Midstream's recent financial reorganization introduces a new major shareholder. The troubled past of Summit Midstream may lead to market mispricing compared to future prospects. The stock's vol...

20 days ago - Seeking Alpha

Summit Midstream Corporation Announces Resumption of Preferred Dividend in First Quarter 2025

HOUSTON , Feb. 28, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("SMC" or the "Company") announced today that the board of directors of the Company, has declared a quarterly cash divi...

4 weeks ago - PRNewsWire

Summit Midstream Corporation Announces Pricing of Offering of $250 Million of Additional 8.625% Senior Secured Second Lien Notes Due 2029

HOUSTON , Jan. 7, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("SMC" or the "Company") announced today that Summit Midstream Holdings, LLC (the "Issuer"), which is a subsidiary of th...

2 months ago - PRNewsWire

Summit Midstream Corporation Announces Proposed Offering of $250 Million of Additional 8.625% Senior Secured Second Lien Notes Due 2029

HOUSTON , Jan. 7, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("SMC" or the "Company") announced today that Summit Midstream Holdings, LLC (the "Issuer"), which is a subsidiary of th...

2 months ago - PRNewsWire

Summit Midstream's Stagnation Is Temporary

Summit Midstream has transformed post-COVID-19, improving its financial position and extending debt maturities to 2029, enhancing shareholder returns. The Tall Oak acquisition and portfolio improvemen...

3 months ago - Seeking Alpha

Summit Midstream Has A New Major Shareholder

Summit Midstream's management avoided bankruptcy and turned the company from "fairly hopeless" to viable, with Tailwater Capital becoming a major shareholder. Tailwater Capital's involvement, with mid...

3 months ago - Seeking Alpha

Summit Midstream Corporation Completes Acquisition of Tall Oak Midstream III

HOUSTON , Dec. 2, 2024 /PRNewswire/ --Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today that it and its wholly owned subsidiary, Summit Midstream Partners, LP...

4 months ago - PRNewsWire

Summit Midstream Corporation Correction to Access Link for Virtual Shareholder Meeting

HOUSTON , Nov. 29, 2024 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") provides a correction to access link for Virtual Shareholder Meeting. Correction to ...

4 months ago - PRNewsWire

Summit Midstream Corporation (SMC) Q3 2024 Earnings Call Transcript

Summit Midstream Corporation (NYSE:SMC) Q3 2024 Earnings Conference Call November 12, 2024 10:00 AM ET Company Participants Randall Burton – Director of Finance and Investor Relations Heath Deneke – ...

4 months ago - Seeking Alpha

Summit Midstream Corporation Reports Third Quarter 2024 Financial and Operating Results

HOUSTON , Nov. 12, 2024 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today its financial and operating results for the three months ended Septe...

4 months ago - PRNewsWire

Summit Midstream Corporation Schedules Third Quarter 2024 Earnings Call

HOUSTON , Nov. 4, 2024 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today that it will report operating and financial results for the third qua...

5 months ago - PRNewsWire

Summit Midstream Keeps Digging

Summit Midstream's previous management's complacency led to severe financial troubles. New management has announced an acquisition, marking a significant step in the company's long recovery to becomin...

5 months ago - Seeking Alpha

Summit Midstream Corporation: Many Tailwinds Are Now In Play

Summit Midstream Partners' acquisition of Tall Oak Midstream for $450M is set to boost EBITDA and cash flow, enhancing shareholder returns. Tensions in the Middle East and potential oil & gas price in...

6 months ago - Seeking Alpha

Tailwater Capital Announces Sale of Tall Oak Midstream III to Summit Midstream Corporation

DALLAS , Oct. 1, 2024 /PRNewswire/ -- Tailwater Capital LLC ("Tailwater"), an energy and environmental infrastructure private equity firm, today announced that it has entered into definitive agreement...

6 months ago - PRNewsWire

Summit Midstream Corporation Announces Transformative Acquisition of Tall Oak Midstream III in the Arkoma Basin

HOUSTON , Oct. 1, 2024 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today that it and its wholly owned subsidiary, Summit Midstream Partners, L...

6 months ago - PRNewsWire

Summit Midstream's Earnings Reaffirm It As A Great Small Cap

Summit Midstream Corporation is a small-cap company worth almost $400 million that was heavily impacted by COVID-19. The company's non-premium assets have posed challenges, but efforts to clean up the...

7 months ago - Seeking Alpha

Summit Midstream Corporation Reports Second Quarter 2024 Financial and Operating Results of Summit Midstream Partners, LP

HOUSTON , Aug. 8, 2024 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today the financial and operating results of Summit Midstream Partners, LP ...

8 months ago - PRNewsWire

Common Stock of Summit Midstream Corporation to Commence Trading on NYSE on Thursday, August 1

HOUSTON , July 31, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership" or "SMLP"), announced today that it will complete the previously announced conversion (the "Corpor...

8 months ago - PRNewsWire