SMC · XBRL financial data

Summit Midstream financial statements, every quarter

The same tables from 8 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (SMC's year ends in late December)

In millions of dollars	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Revenue from contracts with customers	102	107*	133	140	147	142*	139	155
Cost of goods and services sold	28	27*	35	36	38	40*	39	49
General and administrative	12	14*	17	16	13	16*	18	14
Other operating income (expense)	1	1*	9	0	(1)	(8)*	(1)	1
Interest expense	26	20*	23	24	24	24*	25	27
Income tax expense (benefit)	143	5*	0	(1)	1	(1)*	(1)	1
Net income (loss)	(202)	(22)*	2	(8)	(2)	6*	(5)	2
Earnings per share, basic USD per share	(19.25)	—	(0.16)	(0.66)	(0.13)	—	(0.43)	0.12
Earnings per share, diluted USD per share	(19.25)	—	(0.16)	(0.66)	(0.13)	—	(0.43)	0.11
Weighted average shares, basic millions of shares	11	11*	12	12	12	12*	12	14
Weighted average shares, diluted millions of shares	11	10*	12	12	12	12*	12	14

Fiscal quarters (SMC's year ends in late December)

In millions of dollars	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Cash and cash equivalents	18	23	26	21	25	9	43	21
Accounts receivable	61	77	84	85	80	70	74	87
Total current assets	214	118	120	116	112	97	130	124
Property and equipment, net	1,351	1,785	1,852	1,853	1,850	1,844	1,836	1,839
Right-of-use asset	—	9	—	—	—	5	—	—
Total assets	1,999	2,359	2,434	2,423	2,414	2,388	2,406	2,407
Accounts payable	13	25	32	31	36	32	28	21
Accrued liabilities	30	38	46	30	26	24	36	43
Current portion of long-term debt	131	17	17	17	17	21	1	2
Total current liabilities	231	175	151	157	147	177	108	132
Long-term debt	826	977	1,067	1,059	1,065	1,024	1,265	1,238
Lease liability, non-current	—	3	—	—	—	4	—	—
Total liabilities	1,216	1,261	1,331	1,327	1,316	1,300	1,491	1,489
Accumulated deficit	(158)	(183)	(185)	(193)	(195)	(203)	(208)	(207)
Total stockholders' equity	651	468	558	552	552	546	596	598
Total liabilities and equity	1,999	2,359	2,434	2,423	2,414	2,388	2,406	2,407
Common shares outstanding (cover page) millions of shares	11	—	—	—	—	—	—	—

Fiscal quarters (SMC's year ends in late December)

In millions of dollars	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Net income (loss)	(202)	(22)*	2	(8)	(2)	6*	(5)	2
Stock-based compensation	2	2*	2	2	2	1*	3	2
Depreciation and amortization	24	25*	29	30	29	27*	27	27
Net cash from operating activities	9*	22*	16	37*	27*	54*	7	44*
Purchases of property and equipment	11*	16*	21	26*	23*	19*	19	25*
Net cash from investing activities	(13)*	(172)*	(93)	(27)*	(24)*	(19)*	(19)	(31)*
Net cash from financing activities	(12)*	32*	81	(14)*	(0)*	(43)*	42	(30)*
Net change in cash	(16)*	(119)*	4	(4)*	3*	(9)*	30	(18)*

SIC 4922 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 4922 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Summit Midstream	21	155	44*	not reported	—	Q2 FY26 10-QJun 30, 2026
RGC Resources	2.5	17	5.9*	10.4M	—	Q3 FY26 10-QJun 30, 2026
NGL Energy Partners	5.1	990	77	124.8M	—	Q1 FY27 10-QJun 30, 2026
New Fortress Energy	161	313	(159)*	285.6M	1.0 quarters	Q2 FY26 10-QJun 30, 2026
Excelerate Energy	342	329	114*	not reported	—	Q2 FY26 10-QJun 30, 2026
Centuri Holdings	40	962	20*	101.0M	—	Q2 FY26 10-QJun 28, 2026
NextDecade	130	0	111*	268.8M	—	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.