Summit Midstream Corp (SMC) financials
Summit Midstream revenue and earnings by year
Summit Midstream's revenue was $562 million in the fiscal year to December 31, 2025, up 30.8% from the year before. Net income was -$19.6 million, -3.5% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 3.8% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 562 | 430 | 459 | 370 | 401 | 383 | 444 | 507 | 489 | 402 |
| Revenue growth | 30.8% | -6.4% | 24.2% | -7.7% | 4.5% | -13.5% | -12.5% | 3.7% | 21.5% | — |
| Gross profit | 264 | 214 | 246 | 209 | 244 | 261 | 281 | 302 | 338 | 280 |
| Gross margin | 46.9% | 49.7% | 53.5% | 56.4% | 61.0% | 68.0% | 63.4% | 59.6% | 69.1% | 69.5% |
| Operating income | 72 | -42 | 77 | -53 | 56 | 53 | 37 | 135 | -22 | 112 |
| Operating margin | 12.9% | -9.8% | 16.7% | -14.5% | 13.9% | 13.9% | 8.3% | 26.6% | -4.5% | 27.8% |
| Net income | -20 | -135 | -63 | -141 | -37 | 179 | -184 | 42 | 86 | -41 |
| Net margin | -3.5% | -31.5% | -13.7% | -38.0% | -9.1% | 46.6% | -41.6% | 8.3% | 17.5% | -10.2% |
| Diluted EPS | — | -$12.78 | -$6.12 | -$12.52 | -$6.54 | $69.94 | -$71.85 | $0.95 | $14.60 | -$10.60 |
| Free cash flow | 45 | -217 | 58 | 68 | 140 | 155 | -21 | 27 | 114 | 88 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open SMC in Markets.
How Summit Midstream makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Rockies | $99.9M | 64.4% |
| Mid Con Barnett Shale | $39.5M | 25.5% |
| Piceance Basin | $14.7M | 9.5% |
| Permian Basin | $947K | 0.6% |
See also: SMC returns
No forecast, no recommendation. This page describes Summit Midstream Corp from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.