SMC
Summit Midstream Corp Energy Natural Gas Transmission Russell 3000
$31.00Close
$13.8BMarket cap
$21.20 – $34.9652-week range
Nov 9, 2026Next report
Highlights
Cautions
- Not in an uptrend 5 of 8 trend conditions
- Results soon Nov 9, 2026, in 8 days
- Financial distress Altman Z″ in the distress zone
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
11%
1wk
down 0.7%
price change
1mo
up 2.5%
price change
12-month return
up 40%
market up 11% ·
its own up 29%
F-score
7 / 9
Strong
Altman Z″
-2.01
Elevated risk
P/E
4661.0×
price / earnings
PEG
—
P/E / EPS growth
P/B
25.2×
price / book
Earnings yield
down 4.7%
EBIT / enterprise value
Cheaper than
14%
of the market · expensive
Revenue growth
up 31%
year on year
EPS growth
—
latest quarter
Sales growth
up 11%
latest quarter · +6 pts
ROE
up 1%
return on equity
Free cash margin
up 8%
$44.6M FCF
D/E
1.88
long-term debt / equity
Net debt / EBITDA
—
Interest cover
Lossoperating loss
Piotroski tests
- took on more long-term debt
- short-term liquidity weakened
- profitable on its assets
- generating cash from operations
- profitability improving
- profits backed by cash
- no new shares issued
- gross margin widened
- assets working harder
Repair signals
- Revenue reaccelerating (-6% then +31%)
Trade setup
ATR%
3.5%
$1.09 a day · 2×ATR $28.82
RS
60 / 99
vs the universe
Trend
5 / 8
under the 150/200-day, under the 50-day, RS under 70
Relative volume
1.6×
vs 50-day average
Up/down volume
0.80
50 sessions
Implied move
—
no option chain · report Nov 9, 2026
Trend template · 5 of 8
- Price above the 150 and 200-day averages: fails
- 150-day average above the 200-day: passes
- 200-day average rising for a month: passes
- 50-day average above the 150 and 200-day: passes
- Price above the 50-day average: fails
- At least 30% above the 52-week low: passes
- Within 25% of the 52-week high: passes
- RS rank 70 or higher: fails
Screen verdict
Did not qualify for any screen.
Warning signs
- Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
- Losing money before interest is even paid The company made an operating loss, so interest is not covered at all - the debt is being serviced from cash reserves, asset sales or new borrowing rather than from the business.
Last reported
Aug 10, 2026
Results reaction
Aug 10, 2026+15% vs market2 sessions after results
Financials
- Gross 73%
- Net 1%
- Free cash 8%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $6.1B | $6.9B | $6.0B | $458.9M | $429.6M | $562.1M |
| Gross margin | — | — | — | 75% | 73% | 73% |
| Operating income | $920.4M | $1.8B | $1.3B | -$434.8M | $832.1M | -$695.7M |
| Net income | $524.8M | -$19.9M | -$123.5M | -$63.1M | -$113.2M | $3.0M |
| Net margin | 9% | -0% | -2% | -14% | -26% | 1% |
| Earnings per share | $1.13 | -$0.04 | -$0.27 | -$6.11 | -$10.68 | $0.24 |
| Free cash flow | $1.1B | $969.3M | $510.3M | $58.0M | $8.2M | $44.6M |
| Free cash margin | 18% | 14% | 8% | 13% | 2% | 8% |
| Cash | $1.4B | $1.9B | $1.2B | $1.5B | $22.8M | $9.3M |
| Long-term debt | $2.1B | $2.1B | $1.5B | $1.5B | $977.0M | $1.0B |
| Shareholders' equity | $14.4B | $15.5B | $15.2B | $718.6M | $467.8M | $546.2M |
| Shares outstanding | 459.10m | 461.20m | 454.80m | 449.50m | 448m | 444m |
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Aug 10, 2026 | Quarterly ↗ | Jun 30, 2026 | 41d |
| Aug 4, 2026 | Quarterly ↗ | Jun 30, 2026 | 35d |
| May 11, 2026 | Quarterly ↗ | Mar 31, 2026 | 41d |
| May 5, 2026 | Quarterly ↗ | Mar 31, 2026 | 35d |
| Mar 16, 2026 | Annual ↗ | Dec 31, 2025 | 75d |
| Feb 24, 2026 | Annual ↗ | Dec 31, 2025 | 55d |
| Nov 10, 2025 | Quarterly ↗ | Sep 30, 2025 | 41d |
| Nov 4, 2025 | Quarterly ↗ | Sep 30, 2025 | 35d |
| Aug 11, 2025 | Quarterly ↗ | Jun 30, 2025 | 42d |
| Aug 1, 2025 | Quarterly ↗ | Jun 30, 2025 | 32d |
| May 12, 2025 | Quarterly ↗ | Mar 31, 2025 | 42d |
| Apr 28, 2025 | Quarterly ↗ | Mar 31, 2025 | 28d |
Current reports
| Filed | Disclosed |
|---|---|
| Aug 10, 2026 | Results ↗ |
| Jun 10, 2026 | Regulation FD ↗ |
| Jun 1, 2026 | Regulation FD ↗ |
| May 12, 2026 | Shareholder vote ↗ |
| May 11, 2026 | Results ↗ |
| Apr 2, 2026 | Material agreement · Unregistered share sale · Regulation FD ↗ |
| Mar 16, 2026 | Results ↗ |
| Dec 29, 2025 | Director or officer change ↗ |
| Nov 10, 2025 | Results ↗ |
| Aug 12, 2025 | Results ↗ |
| May 9, 2025 | Director or officer change · Shareholder vote ↗ |
| May 8, 2025 | Results ↗ |