Summit Midstream Corporation (SMC)

NYSE: SMC · Real-Time Price · USD
36.93
+0.56 (1.54%)
Aug 23, 2024, 4:00 PM EDT - Market closed
1.54%
Market Cap 393.26M
Revenue (ttm) 469.64M
Net Income (ttm) 70.27M
Shares Out 10.65M
EPS (ttm) 6.54
PE Ratio 5.64
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 29,220
Open 36.66
Previous Close 36.37
Day's Range 36.04 - 37.52
52-Week Range 13.00 - 40.75
Beta 2.45
Analysts n/a
Price Target n/a
Earnings Date Aug 8, 2024

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 244
Stock Exchange NYSE
Ticker Symbol SMC
Full Company Profile

Financial Performance

In 2023, SMC's revenue was $459.84 million, an increase of 24.10% compared to the previous year's $370.53 million. Losses were -$63.09 million, -50.58% less than in 2022.

Financial numbers in USD Financial Statements

News

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 ...

16 days 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...

24 days ago - PRNewsWire

Summit Midstream Partners Successfully Manages Debt And Corporation Conversion

Summit Midstream Partners has recovered from a downturn, delaying debt by 3 years and converting to a C-Corp, aligning for substantial shareholder returns. SMLP's capital stack shows improved financia...

26 days ago - Seeking Alpha

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4 weeks ago - Seeking Alpha

Summit Midstream Partners, LP Announces Expiration and Pricing Terms of Cash Tender Offer to Purchase Any and All of Its Subsidiaries' 8.500% Senior Secured Second Lien Notes Due 2026

HOUSTON , July 23, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP" or the "Partnership") announced today the results and the pricing terms of the previously announced...

4 weeks ago - PRNewsWire

Summit Midstream: Refinancing And Conversion To C-Corp Could Mean A Double In The Stock

Summit Midstream has restructured debt, lowered interest expenses, and boosted cash flows after asset sales in Marcellus Basin. The company's conversion from an MLP to a c-corp will broaden shareholde...

5 weeks ago - Seeking Alpha

Summit Unitholders Approve Conversion to a C-Corporation

Summit Schedules Second Quarter 2024 Earnings Call and Announces 2023 K-3 Tax Form Availability HOUSTON , July 18, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP" or ...

5 weeks ago - PRNewsWire

Summit Midstream Partners, LP Announces Pricing of Upsized Offering of $575 Million of Senior Secured Second Lien Notes Due 2029

HOUSTON , July 17, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP" or the "Partnership") announced today that Summit Midstream Holdings, LLC, which is a subsidiary of...

5 weeks ago - PRNewsWire

Summit Midstream Partners, LP Announces Commencement of a Cash Tender Offer to Purchase Any and All of Its Subsidiaries' 8.500% Senior Secured Second Lien Notes Due 2026

HOUSTON , July 17, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP" or the "Partnership") announced today that Summit Midstream Holdings, LLC ("Holdings") and Summit M...

5 weeks ago - PRNewsWire

Summit Midstream Partners, LP Announces Proposed Offering of $500 million of Senior Secured Second Lien Notes Due 2029

HOUSTON , July 17, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP" or the "Partnership") announced today that Summit Midstream Holdings, LLC (the "Issuer"), which is ...

5 weeks ago - PRNewsWire

Summit Midstream Partners Shows Its Continued Dedication To Shareholders

Summit Midstream Partners plans to convert to a C-corp with a 1:1 stock conversion, expected to close in the second half of 2024. The company maintains strong assets with an over 85% fixed fee-based g...

5 weeks ago - Seeking Alpha

Summit Advances Planned Conversion to C-Corporation to Facilitate Growth and Value Creation

Schedules July 18 th Special Meeting for Unitholder Approval: Recommends Common Unitholders Vote "FOR" C-Corporation Conversion Files Investor Presentation, Outlining Benefits for Summit Unitholders H...

2 months ago - PRNewsWire

Summit Midstream Partners, LP Announces Expiration and Results for Asset Sale Offer to Purchase up to $215,000,000 Aggregate Principal Amount of Outstanding 8.500% Senior Secured Second Lien Notes Due 2026

HOUSTON , June 6, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP" or the "Partnership") today announced the expiration and results of the previously announced cash te...

2 months ago - PRNewsWire

Summit Midstream Partners, LP Announces Asset Sale Offer to Purchase up to $215,000,000 Aggregate Principal Amount of Outstanding 8.500% Senior Secured Second Lien Notes Due 2026

HOUSTON , May 7, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP" or the "Partnership") today announced that Summit Midstream Holdings, LLC ("Holdings") and Summit Mid...

3 months ago - PRNewsWire

Summit Midstream Partners, LP Common Units (SMLP) Q1 2024 Earnings Call Transcript

Summit Midstream Partners, LP Common Units (NYSE:SMLP) Q1 2024 Earnings Conference Call May 3, 2024 10:00 AM ET Company Participants Randall Burton - Director, Investor Relations Heath Deneke - Presi...

4 months ago - Seeking Alpha

Antero Midstream Announces Bolt-On Acquisition, Increased 2024 Guidance and Redemption of 2026 Senior Notes

DENVER , May 2, 2024 /PRNewswire/ -- Antero Midstream Corporation (NYSE: AM) ("Antero Midstream" or the "Company") today announced a bolt-on acquisition of gathering and compression assets in the Marc...

Other symbols: AM
4 months ago - PRNewsWire

Summit Midstream Partners, LP Reports First Quarter 2024 Financial and Operating Results

HOUSTON , May 2, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today its financial and operating results for the three months ended ...

4 months ago - PRNewsWire

Summit Midstream Partners, LP Schedules First Quarter 2024 Earnings Call and Announces Expiration and Results for Excess Cash Flow Offer to Purchase up to $19,331,000 Aggregate Principal Amount of Outstanding 8.500% Senior Secured Second Lien Notes Due 20

HOUSTON , April 25, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP" or the "Partnership") today announced it will report operating and financial results for the first...

4 months ago - PRNewsWire

Summit Midstream Partners: The Market Has Yet To Understand Its Recent Success

Summit Midstream Partners sold Utica and Northeast assets to MPLX for $625 million, reducing debt and improving liquidity. The company's portfolio has become more focused on crude oil and the Double E...

4 months ago - Seeking Alpha

Double E Pipeline Announces Open Season for Available Capacity

HOUSTON , April 1, 2024 /PRNewswire/ -- Double E Pipeline, LLC ("Double E") announced today the launch of a non-binding open season ("Open Season") to solicit expressions of interest for firm transpor...

Other symbols: XOM
5 months ago - PRNewsWire

Summit Midstream Partners, LP Announces Excess Cash Flow Offer to Purchase up to $19,331,000 Aggregate Principal Amount of Outstanding 8.500% Senior Secured Second Lien Notes Due 2026

HOUSTON , March 27, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP" or the "Partnership") today announced that Summit Midstream Holdings, LLC ("Holdings") and Summit ...

5 months ago - PRNewsWire

Summit Midstream Partners, LP Announces 2023 K-1 Tax Package Availability

HOUSTON , March 25, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today that its 2023 tax packages, including the Schedule K-1, are ...

5 months ago - PRNewsWire

Summit Midstream Partners to sell Utica assets to MPLX for $625 mln

Pipeline operator Summit Midstream Partners said on Friday it would sell its Utica assets to a unit of midstream energy company MPLX LP for about $625 million in cash.

Other symbols: MPLX
5 months ago - Reuters

Summit Midstream Partners, LP Announces Sale of Utica Position for $625 Million

Concludes Strategic Alternatives Process; Plans to Seek Approval from Unitholders to Convert to a C-Corp   HOUSTON , March 22, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit"...

5 months ago - PRNewsWire