Summit Midstream Corporation (SMC)

NYSE: SMC · Real-Time Price · USD
35.34
+0.32 (0.91%)
Nov 14, 2024, 4:00 PM EST - Market closed
0.91%
Market Cap 376.32M
Revenue (ttm) 450.86M
Net Income (ttm) -127.66M
Shares Out 10.65M
EPS (ttm) n/a
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 23,568
Open 35.18
Previous Close 35.02
Day's Range 35.18 - 35.96
52-Week Range 15.56 - 40.75
Beta 2.38
Analysts n/a
Price Target n/a
Earnings Date Nov 12, 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, 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 Statements

News

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 – ...

2 days 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...

2 days 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...

10 days 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...

4 weeks 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 weeks 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 weeks 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 weeks 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...

2 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 ...

3 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...

3 months ago - PRNewsWire