For Q1 FY2026 ended March 31, 2026, Summit Midstream reported revenue of $139.1 million, up 4.9% year-over-year. Net loss was $5.3 million, compared to net income of $6.6 million in the prior year quarter. Diluted EPS was -$0.43, down from $0.63. The company had $43.4 million in cash, $595.8 million in equity, and $1.27 billion in long-term debt.
•Revenue increased 4.9% YoY to $139.1 million.
•Net loss of $5.3 million vs. net income of $6.6 million in Q1 FY2025.
•Diluted EPS of -$0.43, down 168.8% YoY.
•Long-term debt of $1.27 billion and equity of $595.8 million.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Summit Midstream Corporation owns develops, and operates midstream energy infrastructure assets primarily shale formations in the continental United States. Its business is organized into Rockies, Permian, Piceance, Mid-Con, and Northeast segments.
The company owns, develops, and operates natural gas, crude oil, produced water gathering systems, and transmission pipelines. The company serves natural gas and crude oil producers. Founded in 2009, Summit Midstream is based in Houston, Texas.
Summit Midstream Corporation owns, develops, and operates midstream energy infrastructure assets primarily in shale formations across the continental United States. The company focuses on natural gas, crude oil, and produced water gathering systems, as well as transmission pipelines. Its operations are organized into five segments: Rockies, Permian, Piceance, Mid-Con, and Northeast. By providing these essential midstream services, Summit Midstream serves natural gas and crude oil producers, helping them transport their products from production sites to processing facilities or markets. The company's infrastructure is critical for connecting upstream production with downstream markets, ensuring efficient and reliable energy transportation.
Where is Summit Midstream Corporation (SMC) listed and in which currency?
Summit Midstream Corporation is listed on the New York Stock Exchange (NYSE) under the ticker symbol SMC. The company's financials are reported in US Dollars (USD), reflecting its operations based in the United States. Trading on the NYSE provides investors with liquidity and exposure to the energy midstream sector. As a US-based company, all stock prices, dividends, and financial statements are denominated in USD, making it accessible primarily to investors using US currency.
What sector and industry does Summit Midstream Corporation (SMC) operate in?
Summit Midstream Corporation operates in the Energy sector, specifically within the Oil & Gas Midstream industry. The midstream sector involves the transportation, storage, and processing of oil and gas products. Unlike upstream (exploration and production) or downstream (refining and marketing), midstream companies like Summit Midstream focus on the infrastructure that connects these stages. The company's assets include gathering systems and pipelines that move natural gas, crude oil, and produced water from wells to processing plants or transmission lines. This role is vital for the energy supply chain, ensuring that resources reach end-users efficiently.
Where is Summit Midstream Corporation (SMC) headquartered and what markets does it serve?
Summit Midstream Corporation is headquartered in Houston, Texas, a major hub for the energy industry. The company serves markets primarily in the continental United States, with operations focused on key shale formations. Its business is organized into five geographic segments: Rockies, Permian, Piceance, Mid-Con, and Northeast. These regions cover significant oil and gas producing areas, including the Permian Basin in Texas and New Mexico, the Bakken in the Rockies, and the Marcellus/Utica in the Northeast. By concentrating on these prolific shale plays, Summit Midstream supports producers in transporting their resources to market.
How does Summit Midstream Corporation (SMC) make money?
Summit Midstream Corporation generates revenue by providing midstream energy infrastructure services to natural gas and crude oil producers. The company owns and operates gathering systems and transmission pipelines that transport natural gas, crude oil, and produced water. It typically earns fees based on the volume of product transported or through long-term contracts with producers. The company's operations are divided into five segments: Rockies, Permian, Piceance, Mid-Con, and Northeast, each serving different shale formations. By offering reliable infrastructure, Summit Midstream enables producers to move their products efficiently, earning stable, fee-based income. The company's assets are strategically located in major producing regions, ensuring consistent demand for its services.