Summit Midstream Corp (SMC)
Summit Midstream Corp brought in $619.5M of revenue over the twelve months to September 30, 2026, up 17.6% from a year earlier. Net income was $10.1M, a net margin of 1.6%. Operating cash flow minus capital spending left $44.6M of free cash flow in fiscal 2025. At September 30, 2026 it held $12.5M in cash against $1.3B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 9, 2026.
Key facts about Summit Midstream Corp
- Net worth
- Summit Midstream Corp has a market value (market cap) of $608.2M at the latest share price, and shareholders' equity of $609.1M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $562.1M (+30.8% year on year), with a net loss of $5.9M. Over the 12 months to September 30, 2026: revenue $619.5M, net income $10.1M.
- Cash flow
- In fiscal 2025 operations brought in $133.6M of cash; after $89M of capital spending, free cash flow was $44.6M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 9, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Summit Midstream Corp's next report is expected around March 15, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Summit Midstream Corp does
Summit Midstream Corp is registered with the SEC under industry code SIC 4922 (Natural Gas Transmission). Its shares trade on NYSE under the ticker SMC.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $562.1M | -$5.9M | -$1.61 | $44.6M |
| 2024 | $429.6M | -$122.2M | -$12.78 | $8.2M |
| 2024 | $458.9M | -$51.5M | -$6.11 | $58M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where SMC ranks in Utilities
Latest SEC filings
What Summit Midstream Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 25% to $183M versus the same quarter last year; diluted EPS $0.58 versus -$0.13.
- November 9, 2026
- August 10, 2026
- August 10, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 11% to $155M versus the same quarter last year; diluted EPS $0.11 versus -$0.66.
- June 29, 2026
- June 10, 2026
- June 1, 2026
- May 12, 2026
- May 11, 2026
- May 11, 2026Quarterly report 10-Q · period to March 31, 2026Revenue rose 4.9% to $139.1M versus the same quarter last year; diluted EPS -$0.43 versus -$0.16.
What is SMC worth? A DCF from its reported cash flow
Insider trades
What the people running Summit Midstream Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $79.3K worth of shares in the last 90 days and bought none on the open market. All of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 1, 2026 | Johnston James DavidExecutive VP, GC, CCO and Secy | Soldpre-planned (10b5-1) | 2,600 | $79.3K |
| July 2, 2026 | Johnston James DavidExecutive VP, GC, CCO and Secy | Soldpre-planned (10b5-1) | 2,600 | $77.3K |
| May 19, 2026 | Peters Jerry LDirector | Soldindirect | 10,000 | $320K |
| April 20, 2026 | Peters Jerry LDirector | Gave as a gift | 3,733 | - |
| April 20, 2026 | Peters Jerry LDirector | Gave as a giftindirect | 3,733 | - |
| March 31, 2026 | Connect Midstream, LLCDirector, 10% owner | Bought | 1,220,918 | $37.9M |
| March 16, 2026 | Cleary James JDirector | Received as pay | 3,733 | - |
| March 16, 2026 | McNally Robert JosephDirector | Received as pay | 3,733 | - |
Who owns SMC
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Connect Midstream, LLC13D, may seek influence with 4 related filers | 39.1% | April 9, 2026 |
| He Zhengxu13G, passive | 5.2% | February 19, 2025 |
Largest institutional holders
Insiders
11 insiders reported holding 2,089,279 shares in total, about $62.6M at the last price.
| Holder | Shares |
|---|---|
| Connect Midstream, LLCDirector, 10% owner | 1,367,397 |
| Deneke J HeathChairman, President and CEO | 354,350 |
| Mault William J.Executive VP and CFO | 88,694 |
| Johnston James DavidExecutive VP, GC, CCO and Secy | 72,757 |
| Jacobe James LeeDirector | 45,686 |
| Sicinski Matthew B.Senior VP and CAO | 39,505 |
| McNally Robert JosephDirector | 37,004 |
| Cleary James JDirector | 37,004 |
| Oates RommelDirector | 26,170 |
| Peters Jerry LDirector | 16,97916,979 held indirectly |
Questions about SMC
What does Summit Midstream Corp do?
Summit Midstream Corp is a company in the Utilities sector, listed on NYSE as SMC. Its shares trade on NYSE under the ticker SMC.
What is Summit Midstream Corp's net worth?
Summit Midstream Corp has a market value (market cap) of $608.2M at the latest share price, and shareholders' equity of $609.1M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Summit Midstream Corp profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $10.1M on revenue of $619.5M, a net margin of 1.6%.
How much revenue does Summit Midstream Corp make?
Over the twelve months to September 30, 2026 Summit Midstream Corp reported revenue of $619.5M. That is 17.6% more than a year earlier.
When did Summit Midstream Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 9, 2026. It covers the period to September 30, 2026.
When is Summit Midstream Corp's next earnings report?
Summit Midstream Corp's next report is expected around March 15, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Similar companies
Compare SMC with
Follow SMC
Get an email when Summit Midstream Corp files with the SEC: results, executive changes, material agreements and annual reports.
Where the numbers come from
Financial figures are the values Summit Midstream Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.