Major shareholder Connect Midstream's reported $37.9M share purchase drives 22% after-hours surge.
No insider trades found for SMC.
Summit Midstream Corporation focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. It operates natural gas, crude oil, and produced water gathering systems in four unconventional resource basins, including the Williston Basin in North Dakota, which includes the Bakken and Three Forks shale formations; the Denver-Julesburg Basin that consists of the Niobrara and Codell shale formations in Colorado and Wyoming; the Fort Worth Basin in Texas, which comprises the Barnett Shale formation; and the Piceance Basin in Colorado, which includes the Mesaverde formation, as well as the emerging Mancos and Niobrara Shale formations. It serves natural gas and crude oil producers. Summit Midstream Corporation was founded in 2012 and is based in Houston, Texas.
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $429.62M | $458.90M | $369.59M | $401.56M | $383.47M | $444.75M |
| Cost of Revenue | $316.61M | $335.97M | $280.03M | $156.15M | $240.81M | $162.16M |
| Gross Profit | $113.01M | $122.94M | $89.56M | $245.41M | $142.66M | $282.59M |
| Gross Margin | 26.30% | 26.79% | 24.23% | 61.11% | 37.20% | 63.54% |
| Operating Expenses | $55.56M | $42.13M | $44.94M | $59.17M | $73.44M | $162.57M |
| Operating Income | $57.45M | $80.80M | $44.62M | $186.24M | $69.22M | $120.02M |
| Operating Margin | 13.37% | 17.61% | 12.07% | 46.38% | 18.05% | 26.99% |
| Net Income | $-113.17M | $-38.95M | $-123.46M | $-19.95M | $192.35M | $-213.01M |
| Net Margin | -26.34% | -8.49% | -33.40% | -4.97% | 50.16% | -47.89% |
| EPS (Basic) | $-12.78 | $-6.11 | $-12.71 | $-6.57 | $73.22 | $-38.79 |
| EBITDA | N/A | N/A | N/A | N/A | N/A | N/A |
| Stock Option Compensation Expense | N/A | N/A | N/A | N/A | N/A | N/A |
| Price To Earnings Ratio | N/A | N/A | N/A | N/A | N/A | N/A |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | N/A | N/A | N/A | N/A | N/A | N/A |