Summit Midstream Corporation: stock overview

SMCNYSEEnergy · Natural Gas Transmission

Price

$30.69

November 13, 2026Market cap $372M

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  • The full history: 3 fiscal years, from 2023
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In short

Summit Midstream had revenue of $619M over the last 12 months and net income of $10M, a net margin of 1.6%. Revenue grew by 10.7% a year on average over the last 2 years. At $30.69 the shares trade at a P/E of 36.9. It has net debt of $1.2B. It pays no dividend.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$372M
12.13M shares
P/E
36.9
Revenue, 12 months
$619M
+10.7% a year over 2 years
Net margin
1.6%
2025: 0.5%, above 14% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

+10.7% a year over 2 years

  • 202510-K
    Revenue$562M
  • 202410-K
    Revenue$430M
  • 2023
    Revenue$459M

Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $324M
$372M
Enterprise value 
$1.6B
P/E 
36.9
EV / EBIT 
121.6
EV / Revenue 
2.6
P/B 3-year median: 0.6
0.6
FCF yield 3-year median: 13.8%
6.8%
Earnings yield 3-year median: -33.8%
2.7%

Profitability

Gross margin 
69.7%
Net margin 3-year median: -11.2%
1.6%
ROIC 
0.6%
ROIC, 5-year average 
0.1%
ROE 
1.7%

Growth

Revenue, yearly change 
+30.8%
EPS, yearly change 
–
FCF, yearly change 
+446.0%
Revenue, average a year 
+10.7%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$12M
Total debt 
$1.3B
Net debt 
$1.2B
Net debt / EBITDA 
9.7x
Interest cover 
0.1x
Current ratio 
1.25

Balance sheet of September 30, 2026.

Returns to shareholders

Dividend yield 
0.00%
Buybacks 
–
Total returned 
0.00%
Shares, yearly change 
+14.5%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 49).

Net margin

0.5%

Above 14% of the 122 companies in its industry, and 37% of all.

ROE

0.5%

Above 13% of the 103 companies in its industry, and 33% of all.

ROA

0.1%

Above 13% of the 122 companies in its industry, and 35% of all.

Revenue growth

30.8%

Above 95% of the 122 companies in its industry, and 89% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
Summit Midstream Corp
CIK
2024218
Exchange
NYSE
Industry (SIC)
4922 · Natural Gas Transmission
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
12.13M

Other companies: Energy

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The full analysis

What do Summit Midstream's filings show?

These are Summit Midstream's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about SMC

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What is SMC's market cap?

Summit Midstream Corporation's market cap is $372M, at a price of $30.69 on November 13, 2026 and 12.13M shares.

What is SMC's P/E?

SMC's P/E is 36.9, on earnings per share of -$0.40 over the last 12 months.

How much revenue does SMC have?

Summit Midstream had revenue of $619M over the last 12 months. Over the last 2 years it changed by +10.7% a year on average.

Does SMC pay a dividend?

No. Summit Midstream paid no regular dividend over the last 12 months.

Where do the figures come from?

From Summit Midstream Corporation's SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.