Summit Midstream Corporation (SMC)
Market Cap | 367.81M |
Revenue (ttm) | 450.86M |
Net Income (ttm) | -131.92M |
Shares Out | 10.65M |
EPS (ttm) | -12.53 |
PE Ratio | n/a |
Forward PE | n/a |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 55,545 |
Open | 34.98 |
Previous Close | 34.81 |
Day's Range | 34.32 - 35.17 |
52-Week Range | 15.56 - 40.75 |
Beta | 2.42 |
Analysts | n/a |
Price Target | n/a |
Earnings Date | Feb 5, 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]
Financial Performance
In 2023, Summit Midstream'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 StatementsNews
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...
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...
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...
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 ...
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 – ...
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...
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...
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...
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...
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...
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...
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...
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 ...
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...