Summit Midstream (SMC)
NYSE:SMC
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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 - $33.50
Previous CloseN/A
Volume14.09K
Average Volume (3M)68.17K
Market Cap
$542.03M
Enterprise Value$1.58B
Total Cash (Recent Filing)$49.52M
Total Debt (Recent Filing)$1.27B
Price to Earnings (P/E)―
Beta0.29
Next Earnings
Aug 06, 2026EPS Estimate
-0.37Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.88
Shares Outstanding13,814,286
10 Day Avg. Volume79,063
30 Day Avg. Volume68,165
Financial Highlights & Ratios
PEG Ratio1.94
Price to Book (P/B)0.47
Price to Sales (P/S)0.58
P/FCF Ratio7.27
Enterprise Value/Market Cap2.92
Enterprise Value/Revenue2.79
Enterprise Value/Gross Profit7.37
Enterprise Value/Ebitda8.12
Forecast
1Y Price Target
$46.00Price Target Upside73.98% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-1.09
Revenue Forecast (FY)$584.90M
Bulls Say, Bears Say
Bulls Say
Fee-based Midstream Business ModelSummit operates a fee-based gathering, compression and treating platform with long-term contract structures and minimum-volume provisions. Those fee contracts create relatively stable, contractually backed cash flows less tied to commodity prices, supporting durable cash generation and financing capacity over coming quarters.
Revenue And Operating Cash Flow MomentumTTM revenue surged ~115% while operating cash flow remained consistently positive, reflecting stronger volumes and improved margins at the operating level. This expanding top-line and cash-generative operating base provides durable internal funding to support maintenance capex and near-term organic expansions without immediate reliance on dilutive funding.
Contracting And Project Expansion (Double E)The newly executed 10‑year take‑or‑pay and >1.7 Bcf/d contracted capacity materially increases long-term revenue visibility for the Double E system. The open season for an ~800 MMcf/d compressor expansion could meaningfully lift segment EBITDA, creating durable, fee-backed growth if FID is reached with commercial commitments.
Bears Say
High Leverage / Balance Sheet ConstraintDebt-to-equity resumed >2.0x after prior improvement, leaving the balance sheet relatively levered versus equity. Elevated leverage limits financial flexibility, increases refinancing and covenant sensitivity, and constrains the company's ability to self-fund larger organic or M&A opportunities without additional external financing over the medium term.
Net Losses And Earnings VolatilityDespite stronger operating profitability, the company is still slightly net unprofitable and experienced a large prior loss in 2024, indicating earnings volatility. Persistent bottom-line losses reduce retained earnings and the predictability of distributable cash, complicating plans for sustainable shareholder returns and conservative capital allocation.
Modest Free Cash Flow & Execution/funding Risk For GrowthFree cash flow is modest relative to the scale of planned expansions and management’s >$100M organic EBITDA goal to 2030. The Double E buildout still needs further commercial commitments to reach FID, creating execution and funding risk that may force reliance on revolver draws, refinancings or equity, eroding long-term returns if not managed.
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 $33.50 in the past 12 months.
What is Summit Midstream’s market cap?
Summit Midstream’s market cap is $542.03M.
When is Summit Midstream’s upcoming earnings report date?
Summit Midstream’s upcoming earnings report date is Aug 06, 2026 which is in 66 days.
How were Summit Midstream’s earnings last quarter?
Summit Midstream released its earnings results on May 11, 2026. The company reported -$0.43 earnings per share for the quarter, beating the consensus estimate of -$0.49 by $0.06.
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 -0.37.
How many shares outstanding does Summit Midstream have?
Summit Midstream has 13,814,286 shares outstanding.
What happened to Summit Midstream’s price movement after its last earnings report?
Summit Midstream reported an EPS of -$0.43 in its last earnings report, beating expectations of -$0.49. Following the earnings report the stock price went down -0.57%.
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:
$46.00 (73.98% Upside)
$46.00 (73.98% Upside)
Blogger Sentiment
Bullish
SMC Sentiment 100%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Decreased
By 10.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $37.6M over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Positive
20 days / 200 days
Momentum
-21.25%
12-Months-Change
Fundamentals
Return on Equity
-1.23%
Trailing 12-Months
Asset Growth
-1.14%
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 Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed a generally constructive tone: management reported Q1 adjusted EBITDA in line with expectations, highlighted contract wins (Double E), strong operational momentum in the Rockies and Arkoma dry-gas outperformance, and completed key balance sheet actions (preferred dividend payment, $42M equity placement, refinancing). Headwinds include localized underperformance in Arkoma, Piceance shut-ins (~20 MMcf/d), modest free cash flow relative to growth ambitions, and remaining execution risk for the Double E expansion. On balance the positives—contracting momentum, macro tailwinds, balance-sheet progress, and a clear path to midpoint guidance—outweigh the operational and market-specific challenges discussed.View all SMC earnings summariesSMC Stock 12 Month Forecast
Average Price Target
$46.00
▲(73.98% Upside)
Technical Analysis
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Delek Logistics
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Permian Basin
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Ownership Overview
15.16% Insiders
14.27% Mutual Funds
11.85% Other Institutional Investors
49.86% Public Companies and
Individual Investors
Options Prices
Currently, No data available
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