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 $20.88 per share. The share price was $30.80 on September 25, 2026, 48% 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% | -$26.73 | -187% |
| Base | 15.0% | 9.0% | $20.88 | -32% |
| Bull | 20.0% | 8.0% | $109.52 | +256% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $56.92 | $68.16 | $81.90 | $99.07 | $121.14 |
| 8.0% | $29.85 | $37.13 | $45.75 | $56.08 | $68.72 |
| 9.0% | $10.15 | $15.13 | $20.88 | $27.59 | $35.51 |
| 10.0% | -$4.79 | -$1.25 | $2.77 | $7.36 | $12.65 |
| 11.0% | -$16.48 | -$13.88 | -$10.98 | -$7.71 | -$4.01 |
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