SUMMIT MIDSTREAM CORP (SMC)
Energy · Midstream energy infrastructure / natural gas gathering and transmission · NYSE
A midstream infrastructure operator gathering and transporting natural gas, crude oil, and produced water across major North American shale basins with FERC-regulated interstate transmission assets.
What SUMMIT MIDSTREAM CORP does
Summit Midstream Corporation owns and operates midstream infrastructure for natural gas, crude oil, and produced water in major North American hydrocarbon basins. The company gathers, transports, treats and processes natural gas and crude oil, and operates FERC-regulated interstate natural gas transmission pipelines. Its operations span the Permian Basin, the DJ Basin, the Delaware Basin, and other key shale plays.
Themes: ["midstream energy infrastructure","natural gas gathering and transmission","crude oil logistics","produced water management","Permian Basin","Delaware Basin","DJ Basin","hydrocarbon logistics"]
Fundamentals
- Price$30.88 as of 2026-07-09 close
- Market cap$628M as of 2026-07-10
- 1-year return+27.3% as of 2026-07-09 close
- Net margin-2.4% as of 2026-07-10
- Gross margin+45.4% as of 2026-07-10
- ROE-1.5% as of 2026-07-10
- Debt / equity2.12 as of 2026-07-10
- Revenue growth (YoY)-34.2% as of 2026-07-10
- Revenue CAGR (3y)+10.7% SEC XBRL
- Beta0.75 as of 2026-07-10
Dividend: yield +33.0%; pays a dividend.
Key risks (from latest filing)
["Concentrated customer base: loss of, material nonpayment by, or production curtailment from a few large customers could materially reduce revenues and cash flows","Commodity price exposure: revenues fluctuate with natural gas, crude oil, and NGL prices; demand and production levels in connected basins decline with lower commodity prices","Operational and environmental risk: pipeline ruptures, leaks of hazardous materials, natural disasters, earthquakes, and severe weather could damage facilities and disrupt operations; past incidents (e.g. 2015 Blacktail pipeline rupture) illustrate exposure"]
Competitors & peers
- Targa Resources (TRGP)
- Antero Midstream Corporation (AM)
- EQT Midstream Partners (EQM)
- NiSource (NI)
- Equinor (EQNR)
- Energy Transfer (ET)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.