Summit Midstream Corporation (SMC)
NYSE: SMC · Real-Time Price · USD
34.08
+0.19 (0.56%)
At close: Aug 28, 2026, 4:00 PM EDT
35.05
+0.97 (2.85%)
After-hours: Aug 28, 2026, 7:59 PM EDT
Summit Midstream Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | -20.72 | -19.57 | -135.5 | -63.09 | -123.46 | -19.95 |
Depreciation & Amortization | 110.08 | 115.1 | 101.59 | 123.7 | 119.99 | 120 |
Other Amortization | 5.87 | 4.03 | 11.44 | 12.69 | 9.33 | 7.02 |
Loss (Gain) From Sale of Assets | 1.03 | 1.07 | -82.19 | -0.21 | 1.23 | -0.37 |
Asset Writedown & Restructuring Costs | 2.65 | 2.73 | 68.26 | 0.54 | 91.64 | 10.15 |
Loss (Gain) From Sale of Investments | 0.79 | 4.44 | -125.35 | 3.32 | -16.02 | 0.78 |
Loss (Gain) on Equity Investments | 7.93 | 7.79 | 11.99 | 23.74 | 24.9 | 18.88 |
Stock-Based Compensation | 8.4 | 7.8 | 8.56 | 6.57 | 3.78 | 4.74 |
Other Operating Activities | 32.38 | 22.96 | 220.92 | 39.35 | 0.89 | 17.98 |
Change in Accounts Receivable | -3.56 | 9.85 | 3 | -3.35 | 0.28 | -0.18 |
Change in Accounts Payable | -10.52 | 5.55 | 1.12 | 4.48 | 2.25 | -0.09 |
Change in Unearned Revenue | -6.2 | -6.45 | -5.08 | -6.47 | -6.08 | -5.3 |
Change in Other Net Operating Assets | 3.03 | -21.71 | -17.01 | -14.36 | -9.99 | 11.43 |
Operating Cash Flow | 131.15 | 133.6 | 61.77 | 126.91 | 98.74 | 165.1 |
Operating Cash Flow Growth | 56.06% | 116.27% | -51.32% | 28.52% | -40.19% | -16.86% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -86.32 | -89.04 | -53.61 | -68.91 | -30.47 | -25.03 |
Sale of Property, Plant & Equipment | - | - | 4.4 | 0.26 | 4.95 | 8 |
Cash Acquisitions | - | -70 | -154.15 | - | -306.53 | - |
Divestitures | - | - | - | - | 113.94 | - |
Investment in Securities | -7.26 | -3.82 | 690.42 | -3.5 | -8.44 | -148.7 |
Other Investing Activities | -0.28 | -0.3 | - | -2.61 | - | - |
Investing Cash Flow | -93.86 | -163.15 | 487.06 | -74.76 | -226.56 | -165.73 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 391.44 | 870.8 | 99.48 | 377.37 | 1,150 |
Total Debt Issued | 471 | 391.44 | 870.8 | 99.48 | 377.37 | 1,150 |
Long-Term Debt Repaid | - | -337.32 | -1,373 | -127.16 | -234.65 | -1,124 |
Total Debt Repaid | -303.22 | -337.32 | -1,373 | -127.16 | -234.65 | -1,124 |
Net Debt Issued (Repaid) | 167.78 | 54.11 | -502.02 | -27.68 | 142.72 | 25.45 |
Issuance of Common Stock | 41.46 | - | - | - | - | - |
Repurchase of Common Stock | -1.01 | - | - | - | - | - |
Preferred Dividends Paid | -57.93 | -13.39 | - | - | - | - |
Dividends Paid | -57.93 | -13.39 | - | - | - | - |
Other Financing Activities | -181.35 | -16.69 | -38.26 | -21.36 | -20.95 | -20.8 |
Financing Cash Flow | -31.04 | 24.04 | -540.28 | -49.04 | 121.77 | 4.66 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | 6.26 | -5.52 | 8.55 | 3.11 | -6.04 | 4.03 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 44.84 | 44.55 | 8.16 | 58 | 68.27 | 140.07 |
Free Cash Flow Growth | 333.05% | 445.99% | -85.93% | -15.04% | -51.26% | -9.90% |
Free Cash Flow Margin | 7.67% | 7.91% | 1.90% | 12.61% | 18.43% | 34.88% |
Free Cash Flow Per Share | 3.54 | 3.67 | 0.77 | 5.61 | 6.79 | 20.78 |
Levered Free Cash Flow | -3.57 | 25 | 42.4 | 33.87 | 97.54 | 106.3 |
Unlevered Free Cash Flow | 70.58 | 98.64 | 118.13 | 123.12 | 141.99 | 140.63 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 87.18 | 83.36 | 101.78 | 127.02 | 89.47 | 57.66 |
Cash Income Tax Paid | 0.03 | 0.3 | 0.02 | 0.02 | 0.15 | 0.19 |
Change in Working Capital | -17.24 | -12.76 | -17.96 | -19.69 | -13.54 | 5.87 |