Summit Midstream (SMC)
NYSE:SMC
SMC Stock Chart & Stats
$26.44
$0.07(0.19%)
At close: 4:00 PM EST
$26.44
$0.07(0.19%)
Day’s Range― - ―
52-Week Range$19.13 - $37.45
Previous CloseN/A
Volume14.09K
Average Volume (3M)68.17K
Market Cap
$600.42M
Enterprise Value$1.44B
Total Cash (Recent Filing)$9.27M
Total Debt (Recent Filing)$1.05B
Price to Earnings (P/E)―
Beta0.65
Next Earnings
Apr 30, 2026EPS Estimate
-0.49Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.66
Shares Outstanding12,440,219
10 Day Avg. Volume79,063
30 Day Avg. Volume68,165
Financial Highlights & Ratios
PEG Ratio1.94
Price to Book (P/B)0.59
Price to Sales (P/S)0.58
P/FCF Ratio7.27
Enterprise Value/Market Cap2.40
Enterprise Value/Revenue2.57
Enterprise Value/Gross Profit9.65
Enterprise Value/Ebitda7.09
Forecast
1Y Price Target
$48.50Price Target Upside83.43% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)1.03
Revenue Forecast (FY)$591.30M
Bulls Say, Bears Say
Bulls Say
Consistent Cash GenerationSummit generates durable operating cash flows and materially improved free cash flow in 2025. Persistent positive cash conversion supports liquidity, funds growth projects and deleveraging, and provides a structurally stronger buffer against commodity cycles even while accounting earnings lag.
Meaningful DeleveragingReported net debt reduction and a materially stronger balance sheet represent lasting de-risking. Lower leverage increases financial flexibility to fund capex, pursue Double E expansion, and reduces refinancing risk, helping management reach its dividend and capital-allocation objectives if maintained.
Long-term Double E Contracts & Expansion OptionalityFirm take-or-pay commitments and binding open-season optionality create durable contracted throughput and predictable revenue growth for the Permian franchise. This structural backlog underpins management's multi-year EBITDA growth thesis and reduces exposure to short-term well timing.
Bears Say
Persistent Net LossesDespite improving margins and revenue, recurring net losses hinder return generation and limit retained-earnings accumulation. Continued negative net income constrains ROE, limits ability to reinstate dividends, and means cash strength must be sustained to bridge to consistent profitability.
Regional Segment Headwinds (Piceance, Midcon, Rockies)Concentrated regional slowdowns, notably Piceance with zero 2026 connects and rolling off MVCs, create structural volume and revenue pressure in affected basins. These persistent basin-specific headwinds can depress utilization and margin recovery absent new upstream activity or contract resets.
Leverage Above Target And Elevated Near-term CapexHigher-than-target pro forma leverage plus above-historical capex to commercialize Double E raises execution and financing risk. Sustained elevated spending while earnings remain negative could slow deleveraging and delay dividend reinstatement, tightening liquidity if commodity or timing risks hit.
Summit Midstream News
SMC FAQ
What was Summit Midstream’s price range in the past 12 months?
Summit Midstream lowest stock price was $19.13 and its highest was $37.45 in the past 12 months.
What is Summit Midstream’s market cap?
Summit Midstream’s market cap is $600.42M.
When is Summit Midstream’s upcoming earnings report date?
Summit Midstream’s upcoming earnings report date is Apr 30, 2026 which is in 34 days.
How were Summit Midstream’s earnings last quarter?
Summit Midstream released its earnings results on Mar 16, 2026. The company reported -$0.66 earnings per share for the quarter, missing the consensus estimate of $0 by -$0.66.
Is Summit Midstream overvalued?
According to Wall Street analysts Summit Midstream’s price is currently Undervalued.
Does Summit Midstream pay dividends?
Summit Midstream does not currently pay dividends.
What is Summit Midstream’s EPS estimate?
Summit Midstream’s EPS estimate is -0.49.
How many shares outstanding does Summit Midstream have?
Summit Midstream has 12,440,219 shares outstanding.
What happened to Summit Midstream’s price movement after its last earnings report?
Summit Midstream reported an EPS of -$0.66 in its last earnings report, missing expectations of $0. Following the earnings report the stock price went up 2.127%.
Which hedge fund is a major shareholder of Summit Midstream?
Currently, no hedge funds are holding shares in SMC
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Summit Midstream Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$48.50 (83.43% Upside)
$48.50 (83.43% Upside)
Blogger Sentiment
Bullish
SMC Sentiment 100%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 2.1K Shares
Last Quarter.
Last Quarter.
Technicals
SMA
Positive
20 days / 200 days
Momentum
-21.25%
12-Months-Change
Fundamentals
Return on Equity
1.44%
Trailing 12-Months
Asset Growth
1.19%
Trailing 12-Months
Company Description
Summit Midstream
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.
SMC Company Deck
SMC Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call contained a clear predominance of positive strategic and financial developments: material new long-term commercial commitments on the Double E pipeline, a refinancing that simplifies capital structure and returns $85M to the parent (partially repaying preferred arrears), visible near-term well inventory (90 DUCs and 7 rigs), and a concrete growth thesis targeting >$100M of organic EBITDA expansion by 2030. Near-term headwinds were called out as well — segment-level declines (particularly Piceance and Midcon), liquidity/leverage still above the 3.5x target (~3.9x pro forma), no Piceance well connects in 2026, and timing risks from upstream consolidation — and management incorporated conservative risking into 2026 guidance. On balance, positives (commercial wins, refinancing, clear growth roadmap and upside from higher commodity prices) outweigh the operational and timing challenges.View all SMC earnings summariesSMC Stock 12 Month Forecast
Average Price Target
$48.50
▲(83.43% Upside)
Technical Analysis
Genesis Energy
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Martin Midstream
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NGL Energy Partners
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Delek Logistics
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Permian Basin
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Ownership Overview
7.29% Insiders
17.02% Mutual Funds
17.07% Other Institutional Investors
48.39% Public Companies and
Individual Investors
Options Prices
Currently, No data available
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