Summit Midstream Corporation (SMC) AI Stock Analysis

Summit Midstream Corporation owns, develops, and operates midstream energy infrastructure assets primarily in shale formations in the continental United States. It operates through Rockies, Permian, Piceance, Mid-Con, and Northeast segments. The company owns, develops, and operates natural gas, crude oil, and produced water gathering systems, as well as transmission pipelines, serving natural gas and crude oil producers.

Summit Midstream delivered 30.8% revenue growth in FY2025 to $562.1M, rebounding from a 6.4% decline in FY2024 to $429.6M. Its five-year revenue CAGR from FY2020 to FY2025 stands at 7.9%. Operating margin was 15.8% in FY2025, down from 46.4% in FY2021. The company has remained unprofitable across all five reported fiscal years, posting net income of -$1.9M and EPS of -$1.17 in FY2025 compared to -$113.2M and -$13.62 in FY2024. For the trailing twelve months, revenue reached $584.3M with an operating margin of 16.5% and a net margin of -3.5%. In the latest quarter ended June 30, 2026, revenue increased 10.6% year-over-year.

As of June 30, 2026, Summit Midstream held $21.0M in cash and short-term investments and $1.24B in total debt, leading to net debt of $1.22B. Shareholders' equity was $598.4M, resulting in a debt-to-equity ratio of 2.07 and a current ratio of 0.94. In FY2025, the company generated $133.6M in operating cash flow and $44.6M in free cash flow. Capital expenditures totaled $89.0M, dividends paid were $13.4M, and the five-year share count increased by 100.6%.

Summit Midstream trades at a forward P/E of 26.1x, higher than the median of 12.7x for its US-listed Energy peers. Its EV/EBITDA of 8.2x is slightly above the peer median of 8.0x, while its price-to-sales multiple of 0.7x trades below the peer median of 1.8x. Over the past year, the stock returned 52.2%, outperforming the S&P 500's return of 16.8%. Over a five-year period, however, SMC declined 16.2%, while the S&P 500 gained 83.0%.

Summit Midstream holds 2 Strong Buy ratings and no Buy, Hold, or Sell ratings. The mean price target is $46.50, representing 51.5% upside relative to the last close of $30.70. For the fiscal year ending December 31, 2026, consensus calls for revenue of $611.1M and EPS of -$1.60. For the following fiscal year, 1 analyst estimates revenue of $651.5M and EPS of -$2.35. The company beat EPS estimates in 2 of the last 4 quarters, and the next earnings date is November 9, 2026.

This page is an AI-written research summary of Summit Midstream Corporation (SMC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: SMC income statement, SMC balance sheet, SMC key metrics, SMC analyst forecast, SMC chart. See the SMC stock overview for the latest quote and news.