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Companies / Utilities / Summit Midstream Corp
SMC

Summit Midstream Corp

UtilitiesElectric, Gas & Water
Ticker SMCHOUSTON, TXFiscal year ends DecemberBook value per share $45.77Diluted shares 13.1M

Summit Midstream Corporation (NYSE: SMC) develops, owns and operates midstream energy infrastructure in U.S. unconventional resource basins. Its systems gather natural gas, crude oil and produced water; natural gas may also be compressed, treated or processed before delivery to downstream pipelines, while crude oil… From the company’s description.

In fiscal 2025, Summit Midstream Corp reported revenue of $562.09M, up 30.8% from fiscal 2024, and a net loss of $1.91M. Its operating margin was 12.9%, and operations generated $133.59M in cash. Over the twelve months to Jun 30, 2026, revenue was $583.33M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$562.09MFY2025
+30.8% year over year
Last 12 mo $583.33M
12.88%FY2025
+21.7 percentage points
Last 12 mo 13.06%
$-1.91MFY2025
+98.3% year over year
Last 12 mo $-0.91M
2.24%FY2025
+28.4 percentage points
Last 12 mo 0.60%
Cash & financing
$133.59MFY2025
+116.3% year over year
Last 12 mo $131.15M
$44.55MFY2025
+446.0% year over year
Last 12 mo $44.84M
1.91FY2025
Was 2.12× a year earlier
Last 12 mo 2.07
12.1MFY2025
+14.5% year over year
Last 12 mo 13.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Summit Midstream Corp does

In the company’s own words

Summit Midstream Corporation (NYSE: SMC) develops, owns and operates midstream energy infrastructure in U.S. unconventional resource basins. Its systems gather natural gas, crude oil and produced water; natural gas may also be compressed, treated or processed before delivery to downstream pipelines, while crude oil and water are delivered to pipelines, rail terminals or disposal facilities. The company also provides long-haul natural gas transportation through its 70%-owned and operated Double E Pipeline. Its four reportable segments are Rockies, covering the Williston and DJ basins; Permian, including Double E; Mid-Con, covering the Barnett Shale and Arkoma Basin; and Piceance. Customers are primarily natural gas and oil producers, served under mostly long-term, fee-based agreements. In 2025, average throughput was 904 MMcf/d of natural gas and 73 Mbbl/d of crude oil and produced water. The company became the parent of Summit Midstream Partners in an August 2024 corporate reorganization and expanded its DJ Basin operations through the 2025 Moonrise acquisition.

Company details
Sector
Utilities
Industry (SIC)
Electric, Gas & Water
Headquarters
HOUSTON, TX
Fiscal year end
December
CIK
2024218
SIC
4922

Financial performance, year by year

Fiscal 2024–2025 · USD
$-182.83M$26.13M$235.08M$444.03M$652.98M20242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Summit Midstream Corp — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

98
funds hold it
0 of 35
superinvestors hold it
$76.05M
held by funds, at market
19.8%
of shares held by funds

Largest fund holders · Summit Midstream Corp’s weight in each

Invesco SteelPath MLP Income Fund
MLPRX · AIM Investment Funds (Invesco Investment Funds)
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
Invesco SteelPath MLP Select 40 Fund
MLPEX · AIM Investment Funds (Invesco Investment Funds)
—of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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