Summit Midstream Corp - Understand $smc stock

$SMC Market Cap: $397.2 Million

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Financial Snapshot

Revenue

$449.9M

TTM

Gross Margin

56.64%

TTM

Net Earnings

-$128.5M

TTM

Current Assets

$214.0M

Q3 2024

Current Liabilities

$231.0M

Q3 2024

Current Ratio

92.66%

Q3 2024

Total Assets

$1.999B

Q3 2024

Total Liabilities

$1.216B

Q3 2024

Book Value

$782.9M

Q3 2024

Cash

$17.84M

Q3 2024

P/E

-3.090

Nov 29, 2024 EST

Free Cash Flow

-$636.0K

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$458.9M	$369.6M	$400.6M	$383.5M	$443.5M	$506.7M	$488.7M	$402.4M	$400.6M	$387.2M	$294.0M	$174.6M	$103.9M	$31.70M	$3.600M
YoY Change	24.16%	-7.74%	4.46%	-13.53%	-12.47%	3.68%	21.45%	0.45%	3.46%	31.7%	68.38%	68.05%	227.76%	780.56%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$458.9M	$369.6M	$400.6M	$383.5M	$443.5M	$506.7M	$488.7M	$402.4M	$400.6M	$387.2M	$294.0M	$174.6M	$103.9M	$31.70M	$3.600M
Cost Of Revenue	$213.2M	$161.0M	$156.1M	$122.7M	$162.2M	$204.5M	$151.1M	$122.8M	$126.4M	$167.3M	$116.7M	$57.10M	$29.90M	$9.500M	$2.200M
Gross Profit	$245.7M	$208.6M	$244.5M	$260.8M	$281.4M	$302.1M	$337.6M	$279.6M	$274.2M	$219.9M	$177.3M	$117.5M	$74.00M	$22.20M	$1.400M
Gross Profit Margin	53.54%	56.44%	61.03%	68.01%	63.45%	59.62%	69.08%	69.48%	68.45%	56.79%	60.31%	67.3%	71.22%	70.03%	38.89%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Selling, General & Admin	$42.14M	$44.90M	$57.30M	$73.40M	$55.90M	$52.90M	$54.70M	$52.40M	$45.10M	$43.30M	$30.10M	$22.20M	$17.50M	$10.00M	$3.500M
YoY Change	-6.16%	-21.64%	-21.93%	31.31%	5.67%	-3.29%	4.39%	16.19%	4.16%	43.85%	35.59%	26.86%	75.0%	185.71%
% of Gross Profit	17.15%	21.52%	23.44%	28.14%	19.86%	17.51%	16.2%	18.74%	16.45%	19.69%	16.98%	18.89%	23.65%	45.05%	250.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$123.7M	$120.0M	$120.0M	$119.1M	$111.6M	$106.8M	$114.9M	$112.7M	$105.9M	$91.80M	$71.00M	$36.90M	$11.70M	$4.100M	$1.200M
YoY Change	3.09%	0.0%	0.76%	6.72%	4.49%	-7.05%	1.95%	6.42%	15.36%	29.3%	92.41%	215.38%	185.37%	241.67%
% of Gross Profit	50.35%	57.53%	49.08%	45.67%	39.66%	35.35%	34.03%	40.31%	38.62%	41.75%	40.05%	31.4%	15.81%	18.47%	85.71%
Operating Expenses	$164.9M	$163.9M	$176.3M	$191.6M	$166.3M	$160.0M	$170.2M	$164.6M	$172.0M	$139.1M	$101.1M	$59.10M	$29.10M	$13.90M	$4.700M
YoY Change	0.61%	-7.03%	-7.99%	15.21%	3.94%	-5.99%	3.4%	-4.3%	23.65%	37.59%	71.07%	103.09%	109.35%	195.74%
Operating Profit	$80.80M	$44.70M	$68.20M	$69.20M	$115.1M	$142.1M	$167.4M	$115.0M	$102.2M	$80.80M	$76.20M	$58.40M	$44.90M	$8.300M	-$3.300M
YoY Change	80.76%	-34.46%	-1.45%	-39.88%	-19.0%	-15.11%	45.57%	12.52%	26.49%	6.04%	30.48%	30.07%	440.96%	-351.52%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Interest Expense	-$139.0M	-$86.00M	-$79.80M	-$78.90M	-$92.00M	-$60.50M	-$68.10M	-$63.80M	-$59.10M	-$48.60M	-$19.20M	-$12.80M	-$3.100M	$0.00	-$200.0K
YoY Change	61.57%	7.77%	1.14%	-14.24%	52.07%	-11.16%	6.74%	7.95%	21.6%	153.13%	50.0%	312.9%		-100.0%
% of Operating Profit	-171.97%	-192.39%	-117.01%	-114.02%	-79.93%	-42.58%	-40.68%	-55.48%	-57.83%	-60.15%	-25.2%	-21.92%	-6.9%	0.0%
Other Income/Expense, Net	$865.0K	$0.00	-$600.0K	$0.00	$500.0K	-$21.10M	$200.6M	-$55.70M	$0.00	$1.200M	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change		-100.0%		-100.0%	-102.37%	-110.52%	-460.14%		-100.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Pretax Income	-$72.45M	-$141.3M	-$28.20M	$177.7M	-$54.60M	$53.30M	$88.60M	-$7.800M	-$216.3M	-$29.80M	$54.00M	$43.70M	$38.60M	$8.300M	-$7.400M
YoY Change	-48.72%	401.06%	-115.87%	-425.46%	-202.44%	-39.84%	-1235.9%	-96.39%	625.84%	-155.19%	23.57%	13.21%	365.06%	-212.16%
Income Tax	$322.0K	$300.0K	-$300.0K	-$100.0K	$1.200M	$0.00	$300.0K	$100.0K	-$600.0K	$900.0K	$700.0K	$700.0K	$700.0K	$100.0K	$0.00
% Of Pretax Income				-0.06%		0.0%	0.34%				1.3%	1.6%	1.81%	1.2%
Net Earnings	-$63.09M	-$127.7M	-$44.30M	$263.0M	-$213.0M	$4.300M	$75.50M	-$48.20M	-$195.6M	-$27.10M	$42.50M	$17.30M	$38.00M	$8.100M	-$7.000M
YoY Change	-50.59%	188.26%	-116.84%	-223.47%	-5053.49%	-94.3%	-256.64%	-75.36%	621.77%	-163.76%	145.66%	-54.47%	369.14%	-215.71%
Net Earnings / Revenue	-13.75%	-34.55%	-11.06%	68.58%	-48.03%	0.85%	15.45%	-11.98%	-48.83%	-7.0%	14.46%	9.91%	36.57%	25.55%	-194.44%
Basic Earnings Per Share
Diluted Earnings Per Share	-$6.11	-$12.77	-$6.61	$71.08	-$71.00	$0.88	$15.40	-$10.47	-$46.57	-$7.13	$12.50	$5.24

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Cash & Short-Term Investments	$14.04M	$11.80M	$7.300M	$15.50M	$9.500M	$4.300M	$1.400M	$7.400M	$21.80M	$26.50M	$20.40M	$7.900M	$15.50M	$9.400M
YoY Change	19.02%	61.64%	-52.9%	63.16%	120.93%	207.14%	-81.08%	-66.06%	-17.74%	29.9%	158.23%	-49.03%	64.89%
Cash & Equivalents	$14.04M	$11.80M	$7.300M	$15.50M	$9.500M	$4.300M	$1.400M	$7.400M	$21.80M	$26.50M	$20.40M	$7.900M	$15.50M	$9.400M
Short-Term Investments
Other Short-Term Assets	$8.103M	$10.40M	$17.90M	$4.600M	$32.90M	$4.000M	$4.300M	$4.300M	$3.600M	$3.500M	$4.700M	$2.200M	$2.000M	$200.0K
YoY Change	-22.09%	-41.9%	289.13%	-86.02%	722.5%	-6.98%	0.0%	19.44%	2.86%	-25.53%	113.64%	10.0%	900.0%
Inventory
Prepaid Expenses
Receivables	$76.28M	$75.30M	$62.10M	$61.90M	$97.40M	$97.90M	$72.30M	$97.40M	$89.60M	$89.20M	$67.90M	$33.50M	$27.50M	$10.20M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$800.0K	$0.00	$0.00
Total Short-Term Assets	$98.42M	$97.50M	$87.40M	$82.10M	$139.9M	$106.3M	$78.10M	$109.1M	$114.9M	$119.2M	$93.00M	$44.40M	$44.90M	$19.90M
YoY Change	0.95%	11.56%	6.46%	-41.32%	31.61%	36.11%	-28.41%	-5.05%	-3.61%	28.17%	109.46%	-1.11%	125.63%
Property, Plant & Equipment	$1.699B	$1.719B	$1.726B	$1.818B	$1.883B	$1.964B	$1.795B	$1.854B	$1.813B	$1.414B	$1.158B	$682.0M	$638.2M	$277.8M
YoY Change	-1.18%	-0.42%	-5.03%	-3.45%	-4.14%	9.39%	-3.16%	2.26%	28.17%	22.13%	69.81%	6.86%	129.73%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$486.4M	$506.7M	$523.2M	$392.7M	$309.7M	$649.3M	$690.5M	$707.4M	$751.2M
YoY Change	-4.0%	-3.15%	33.23%	26.8%	-52.3%	-5.97%	-2.39%	-5.83%
Other Assets	$35.17M	$38.30M	$12.90M	$7.900M	$9.700M	$11.70M	$13.60M	$7.300M	$8.300M	$17.40M	$14.60M	$6.100M	$5.000M	$200.0K
YoY Change	-8.19%	196.9%	63.29%	-18.56%	-17.09%	-13.97%	86.3%	-12.05%	-52.3%	19.18%	139.34%	22.0%	2400.0%
Total Long-Term Assets	$2.396B	$2.463B	$2.435B	$2.418B	$2.434B	$2.914B	$2.817B	$3.006B	$3.050B	$2.175B	$1.791B	$1.019B	$985.4M	$320.2M
YoY Change	-2.71%	1.13%	0.72%	-0.68%	-16.47%	3.47%	-6.3%	-1.43%	40.25%	21.43%	75.71%	3.42%	207.75%
Total Assets	$2.494B	$2.560B	$2.523B	$2.500B	$2.574B	$3.021B	$2.895B	$3.115B	$3.165B	$2.294B	$1.884B	$1.064B	$1.030B	$340.1M
YoY Change
Accounts Payable	$22.71M	$14.10M	$10.50M	$11.90M	$24.40M	$38.40M	$16.40M	$16.30M	$40.80M	$24.90M	$25.10M	$15.80M	$21.50M	$18.20M
YoY Change	61.09%	34.29%	-11.76%	-51.23%	-36.46%	134.15%	0.61%	-60.05%	63.86%	-0.8%	58.86%	-26.51%	18.13%
Accrued Expenses	$78.52M	$75.10M	$55.90M	$43.50M	$36.40M	$47.30M	$36.30M	$43.80M	$42.40M	$28.00M	$20.50M	$5.500M	$2.400M
YoY Change	4.56%	34.35%	28.51%	19.51%	-23.04%	30.3%	-17.12%	3.3%	51.43%	36.59%	272.73%	129.17%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$16.39M	$10.90M	$200.0K	$600.0K	$6.200M
YoY Change	50.4%	5350.0%	-66.67%	-90.32%
Total Short-Term Liabilities	$134.0M	$117.9M	$79.20M	$68.40M	$89.50M	$110.1M	$69.00M	$71.70M	$91.60M	$71.50M	$59.60M	$26.50M	$28.80M	$22.40M
YoY Change	13.67%	48.86%	15.79%	-23.58%	-18.71%	59.57%	-3.77%	-21.72%	28.11%	19.97%	124.91%	-7.99%	28.57%
Long-Term Debt	$1.456B	$1.481B	$1.355B	$1.348B	$1.623B	$1.258B	$1.051B	$1.240B	$1.267B	$808.0M	$586.0M	$199.2M	$349.9M	$0.00
YoY Change	-1.63%	9.25%	0.57%	-16.97%	29.05%	19.64%	-15.25%	-2.13%	56.84%	37.88%	194.18%	-43.07%
Other Long-Term Liabilities	$60.61M	$78.10M	$77.30M	$71.40M	$48.90M	$431.6M	$384.9M	$633.5M	$58.50M	$62.50M	$36.40M	$18.60M	$10.70M	$10.40M
YoY Change	-22.4%	1.03%	8.26%	46.01%	-88.67%	12.13%	-39.24%	982.91%	-6.4%	71.7%	95.7%	73.83%	2.88%
Total Long-Term Liabilities	$1.517B	$1.559B	$1.433B	$1.419B	$1.672B	$1.689B	$1.436B	$1.874B	$1.326B	$870.5M	$622.4M	$217.8M	$360.6M	$10.40M
YoY Change	-2.67%	8.8%	0.96%	-15.13%	-1.03%	17.63%	-23.36%	41.33%	52.3%	39.86%	185.77%	-39.6%	3367.31%
Total Liabilities	$1.651B	$1.677B	$1.512B	$1.487B	$1.948B	$1.799B	$1.516B	$1.957B	$1.417B	$942.0M	$682.0M	$244.3M	$389.4M	$32.70M
YoY Change	-1.53%	10.9%	1.65%	-23.63%	8.24%	18.7%	-22.53%	38.06%	50.47%	38.12%	179.16%	-37.26%	1090.83%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $397.2 Million

About Summit Midstream Corp

Summit Midstream Corp is a US-based company operating in Oil, Gas & Consumable Fuels industry. The company is headquartered in Houston, Texas and currently employs 244 full-time employees. The company went IPO on 2024-08-01. Summit Midstream Corporation is focused on developing, owning and operating midstream energy infrastructure assets that are strategically located in the core producing areas of unconventional resource basins, primarily shale formations, in the continental United States. Its segments include Rockies, Permian, Piceance and Barnett. The firm provides natural gas, crude oil and produced water gathering, processing and transportation services pursuant to primarily long-term, fee-based agreements with customers and counterparties in four unconventional resource basins: Williston Basin, which includes the Bakken and Three Forks shale formations in North Dakota; Denver-Julesburg Basin, which includes the Niobrara and Codell shale formations in Colorado and Wyoming; Fort Worth Basin, which includes the Barnett Shale formation in Texas, and Piceance Basin, which includes the Mesaverde formation as well as the Mancos and Niobrara shale formations in Colorado.

Industry: Natural Gas Transmission Peers: CrossAmerica Partners LP ENTERPRISE PRODUCTS PARTNERS L.P. GLOBAL PARTNERS LP NextDecade Corp. Imperial Petroleum Inc./Marshall Islands MARTIN MIDSTREAM PARTNERS L.P. NGL Energy Partners LP