Summit Midstream Corporation (SMC)

Summit Midstream Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	22.82	14.04	11.81	7.35	15.54
Cash & Short-Term Investments	22.82	14.04	11.81	7.35	15.54
Cash Growth	62.50%	18.94%	60.68%	-52.72%	63.11%
Receivables	77.06	76.28	75.29	62.12	61.93
Restricted Cash	2.38	2.6	1.72	12.22	-
Other Current Assets	16.01	5.5	8.72	5.68	4.62
Total Current Assets	118.27	98.42	97.54	87.37	82.1
Property, Plant & Equipment	1,797	1,711	1,732	1,729	1,819
Long-Term Investments	269.56	486.43	506.68	523.2	392.74
Other Intangible Assets	154.28	175.59	198.72	172.93	199.57
Other Long-Term Assets	19.97	22.41	25.25	9.58	6.12
Total Assets	2,359	2,494	2,560	2,522	2,500
Accounts Payable	25.16	22.71	14.05	10.5	11.88
Accrued Expenses	82.08	68.52	65.89	49.86	41.18
Current Portion of Long-Term Debt	16.58	15.52	10.51	-	-
Current Portion of Leases	7.18	4.21	3.01	1.38	2.92
Current Unearned Revenue	9.6	10.2	9.05	10.37	9.99
Other Current Liabilities	34.2	12.85	15.39	7.13	2.45
Total Current Liabilities	174.8	134.01	117.89	79.24	68.41
Long-Term Debt	977	1,455	1,480	1,355	1,347
Long-Term Leases	4.95	8.56	10.35	2.39	3.34
Long-Term Unearned Revenue	25.37	30.09	37.69	42.57	48.25
Long-Term Deferred Tax Liabilities	63.33	1.43	-	-	-
Other Long-Term Liabilities	15.97	21.74	30.77	32.5	19.95
Total Liabilities	1,261	1,651	1,677	1,512	1,487
Common Stock	0.18	621.67	679.49	734.59	748.47
Additional Paid-In Capital	540.71	-	-	-	-
Retained Earnings	-183.33	-	-	-	-
Total Common Equity	357.56	621.67	679.49	734.59	748.47
Minority Interest	630.28	124.65	118.58	106.33	89.66
Shareholders' Equity	1,098	843.22	883.4	1,011	1,013
Total Liabilities & Equity	2,359	2,494	2,560	2,522	2,500
Total Debt	1,006	1,483	1,504	1,359	1,354
Net Cash (Debt)	-982.89	-1,469	-1,492	-1,351	-1,338
Net Cash Per Share	-92.73	-142.19	-148.48	-200.49	-362.22
Filing Date Shares Outstanding	12.12	10.42	10.18	10.02	6.11
Total Common Shares Outstanding	10.66	10.38	10.18	7.17	6.11
Working Capital	-56.53	-35.59	-20.35	8.13	13.69
Book Value Per Share	33.54	59.91	66.73	102.46	122.50
Tangible Book Value	203.28	446.08	480.77	561.67	548.9
Tangible Book Value Per Share	19.07	42.99	47.21	78.34	89.83
Land	12.82	11.53	11.76	10.64	10.44
Machinery	2,373	2,336	2,262	2,225	2,214
Construction In Progress	57.61	56.06	59.04	49.08	60.44

Updated Mar 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q