Summit Midstream Corp (SMC) Financial Statements
Industry: Natural Gas Transmission
In fiscal 2025, Summit Midstream reported revenue of $562.1M, up 30.8% from $429.6M the year before. Net income was -$5.9M (a -1.1% net margin), or -$1.61 per diluted share. Gross margin was 73.5% and operating margin was 62.6%. Operating activities generated $133.6M of cash, leaving $44.6M of free cash flow. At fiscal year end, Summit Midstream held $2.39B in total assets against $1.30B in total liabilities, including $9.3M of cash and equivalents.
Open the full interactive Summit Midstream financials → Quarterly statements, key ratios, valuation history and price charts.
Summit Midstream Key Stats
| Share Price | $32.29 |
|---|---|
| Market Cap | $453.5M |
| Revenue YoY Growth | +30.8% |
| 52-Week Range | $20.03 – $34.96 |
| Shares Outstanding | 13.8 million (basic, 2026 Q2) |
Summit Midstream Income Statement
| FY 2024 | FY 2025 | |
|---|---|---|
| Revenue | $429.6M | $562.1M |
| Cost of Goods Sold | $115.0M | $149.1M |
| Gross Profit | $314.6M | $413.0M |
| Operating Income | $259.1M | $351.9M |
| Pre-Tax Income | $33.5M | -$2.4M |
| Income Tax | $146.7M | -$501,000 |
| Net Income | -$122.2M | -$5.9M |
| Diluted EPS | -$12.78 | -$1.61 |
Summit Midstream Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $146.9M | $142.3M | $139.1M | $155.0M |
| Net Income | -$1.6M | $1.6M | -$5.3M | $1.6M |
| Diluted EPS | -$0.13 | $0.13 | -$0.43 | $0.11 |
Summit Midstream Balance Sheet
| FY 2024 | FY 2025 | |
|---|---|---|
| Cash & Equivalents | $22.8M | $9.3M |
| Current Assets | $118.3M | $96.9M |
| Total Assets | $2.36B | $2.39B |
| Current Liabilities | $174.8M | $176.8M |
| Total Long-Term Debt | $993.6M | $1.05B |
| Total Liabilities | $1.26B | $1.30B |
| Shareholders' Equity | $467.8M | $546.2M |
Summit Midstream Cash Flow Statement
| FY 2024 | FY 2025 | |
|---|---|---|
| Cash From Operations | $61.8M | $133.6M |
| Cash From Investing | $487.1M | -$163.2M |
| Cash From Financing | -$540.3M | $24.0M |
| Free Cash Flow | $8.2M | $44.6M |
Figures from Summit Midstream's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Summit Midstream financials page for every line item.
Summit Midstream Company Profile
| Ticker | SMC |
|---|---|
| Exchange | NYSE |
| Industry | Natural Gas Transmission |
| Headquarters | Houston, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0002024218 |
Frequently Asked Questions
What was Summit Midstream's revenue in fiscal 2025?
Summit Midstream (SMC) reported revenue of $562.1M for fiscal 2025.
What was Summit Midstream's net income in fiscal 2025?
Summit Midstream reported net income of -$5.9M for fiscal 2025.
What was Summit Midstream's earnings per share (EPS) in fiscal 2025?
Summit Midstream's diluted EPS was -$1.61 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Summit Midstream generate in fiscal 2025?
Summit Midstream generated $44.6M of free cash flow in fiscal 2025.
What was Summit Midstream's revenue last quarter?
In its most recent reported quarter (2026 Q2), Summit Midstream reported revenue of $155.0M.
How much debt does Summit Midstream have?
Summit Midstream reported $1.05B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Summit Midstream are outstanding?
Summit Midstream reported a weighted average of 13.8 million basic shares outstanding in 2026 Q2.
What is Summit Midstream's market cap?
Based on its latest closing price, Summit Midstream (SMC) has a market capitalization of about $453.5M.
When does Summit Midstream's fiscal year end?
Summit Midstream's fiscal year end, as registered with the SEC, is December 31.
Where is Summit Midstream headquartered?
Summit Midstream lists its business address in Houston, Texas in its SEC filings.