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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 Permian Transmission, LLC operates as a midstream energy infrastructure company focused on natural gas transmission and related services in the Permian Basin region. The company is structured as a Delaware limited liability company and maintains its principal operations through a network of transmission… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$562.09M
+30.8% year over year
Last 12 mo $583.33M
12.88%
$-1.91M
+98.3% year over year
Last 12 mo $-0.91M
2.24%
+13.8 percentage points
Last 12 mo 0.14%
Cash & financing
$133.59M
+116.3% year over year
Last 12 mo $131.15M
$44.55M
+446.0% year over year
Last 12 mo $44.84M
1.91
Was 2.12× a year earlier
Last 12 mo 2.07
12.1M
+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 Permian Transmission, LLC operates as a midstream energy infrastructure company focused on natural gas transmission and related services in the Permian Basin region. The company is structured as a Delaware limited liability company and maintains its principal operations through a network of transmission pipelines and associated infrastructure designed to transport natural gas from production areas to downstream markets and distribution points.

The company's business model centers on providing reliable, fee-based midstream services that connect producers in the Permian Basin with end-use customers and downstream infrastructure. Summit Permian Transmission generates revenue through transportation fees and capacity commitments from shippers utilizing its pipeline network. The company benefits from long-term contracts with established customers in the energy sector, providing stable and predictable cash flows characteristic of regulated and contracted midstream operations.

The Permian Basin represents one of the most prolific natural gas and oil production regions in North America, and Summit Permian Transmission's strategic positioning within this basin provides exposure to significant production volumes and growing energy demand. The company's infrastructure assets are designed to handle substantial throughput capacity and serve as critical connectors in the broader North American energy supply chain.

As a midstream infrastructure operator, Summit Permian Transmission maintains compliance with extensive federal and state energy regulatory requirements, including those administered by the Federal Energy Regulatory Commission. The company operates under various material permits and regulatory authorizations necessary to maintain its transmission operations and ensure safe, reliable service delivery.

The company's capital structure reflects its role as a significant infrastructure operator, with the credit agreement detailed in this filing supporting both operational requirements and capital expenditure programs for system expansion and maintenance. Summit Permian Transmission's business is characterized by essential infrastructure services, regulatory oversight, and long-term customer relationships typical of the midstream energy sector. The company serves as a critical link in the energy supply chain, connecting Permian Basin production with broader market demand across multiple geographic regions and customer categories.

Company details
Sector
Utilities
Industry
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)
0.44%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)
0.25%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
0.01%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

Put this business in context.

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