Summit Midstream (SMC)
Moves gas, oil, and produced water through U.S. shale-basin systems.
$31.74
After hours+0.03 (+0.09%)
At close$31.71(−0.47%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 121 | 127 | 119 | 101 | 102 | 107 | 133 | 140 | 147 | 142 | 139 | 155 |
| Cost of revenue | 84 | 92 | 83 | 77 | 76 | 80 | 97 | 105 | 40 | 104 | 104 | 89 |
| Gross profit | 37 | 35 | 36 | 24 | 26 | 27 | 35 | 35 | 107 | 38 | 35 | 66 |
| 11 | 10 | 15 | 14 | 12 | 14 | 17 | 16 | 82 | 16 | 18 | 41 | |
| 11 | 10 | 15 | 14 | 12 | 14 | 17 | 16 | 13 | 16 | 18 | 14 | |
| General & administrative | 11 | 10 | 15 | 14 | 12 | 14 | 17 | 16 | 13 | 16 | 18 | 14 |
| Other expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 69 | 0 | 0 | 27 |
| Operating income | 26 | 25 | 21 | 10 | 14 | 13 | 19 | 19 | 25 | 22 | 17 | 25 |
| −22 | −51 | 112 | −35 | −69 | −33 | −14 | −24 | −20 | −30 | −21 | −19 | |
| Interest expense | 35 | 37 | 38 | 31 | 26 | 20 | 23 | 24 | 24 | 24 | 25 | 27 |
| Other non-operating income | −2 | 14 | −150 | 3 | 43 | 12 | −9 | 1 | −5 | 6 | −4 | −8 |
| Income before tax | 4 | −26 | 133 | −24 | −55 | −20 | 5 | −5 | 6 | −8 | −4 | 6 |
| Income tax expense | 0 | 1 | 0 | −1 | 143 | 5 | 0 | −1 | 1 | −1 | −1 | 1 |
| Net income from continuing operations | 4 | −27 | 133 | −24 | −198 | −25 | 5 | −4 | 5 | −7 | −3 | 5 |
| Other adjustments | 0 | 12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −11 | 0 | 0 |
| Net income | 4 | −15 | 133 | −24 | −198 | −25 | 6 | −1 | 6 | −12 | 0 | 3 |
| EPS, basic | −$0.27 | −$1.46 | $12.05 | −$2.91 | −$19.25 | −$2.40 | −$0.16 | −$0.66 | −$0.13 | −$0.66 | −$0.43 | $0.12 |
| EPS, diluted | −$0.27 | −$1.46 | $11.47 | −$2.91 | −$19.25 | −$2.40 | −$0.16 | −$0.66 | −$0.13 | −$0.66 | −$0.43 | $0.11 |
| Weighted average shares, basic | 10 | 10 | 10 | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 14 |
| Weighted average shares, diluted | 10 | 10 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 14 |
| EBITDA | 59 | 43 | 199 | 31 | −5 | 26 | 56 | 49 | 59 | 43 | 48 | 60 |
| Depreciation & amortization | 31 | 32 | 28 | 24 | 24 | 26 | 29 | 30 | 29 | 27 | 27 | 27 |
| EBIT | 28 | 11 | 171 | 7 | −29 | 0 | 27 | 19 | 30 | 16 | 21 | 33 |
