What is Summit Midstream Corp worth?
With the base-case assumptions below, a discounted cash flow model on Summit Midstream Corp's reported free cash flow gives $19.28 per share. The share price was $29.95 on November 10, 2026, 55% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | -$28.32 | -195% |
| Base | 15.0% | 9.0% | $19.28 | -36% |
| Bull | 20.0% | 8.0% | $107.93 | +260% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $55.33 | $66.57 | $80.30 | $97.47 | $119.55 |
| 8.0% | $28.25 | $35.54 | $44.15 | $54.49 | $67.12 |
| 9.0% | $8.55 | $13.53 | $19.28 | $25.99 | $33.92 |
| 10.0% | -$6.39 | -$2.84 | $1.17 | $5.76 | $11.06 |
| 11.0% | -$18.08 | -$15.48 | -$12.57 | -$9.31 | -$5.61 |
Where the presets come from
Base: years 1 to 5 grow at Summit Midstream Corp's revenue growth rate over the last 1 fiscal years (22.5% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions