SMC · XBRL financial data
Summit Midstream financial statements, every fiscal year
The same tables from 2 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
CSVFiscal years (SMC's year ends in late December)
| In millions of dollars | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|
| Revenue from contracts with customers | 430 | 562 |
| Cost of goods and services sold | 115 | 149 |
| General and administrative | 56 | 61 |
| Other operating income (expense) | 4 | 1 |
| Interest expense | 115 | 95 |
| Income tax expense (benefit) | 147 | (1) |
| Net income (loss) | (122) | (6) |
| Earnings per share, basic USD per share | (12.78) | (1.61) |
| Earnings per share, diluted USD per share | (12.78) | (1.61) |
| Weighted average shares, basic millions of shares | 11 | 12 |
| Weighted average shares, diluted millions of shares | 11 | 12 |
Balance sheet
CSVFiscal years (SMC's year ends in late December)
| In millions of dollars | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|
| Cash and cash equivalents | 23 | 9 |
| Accounts receivable | 77 | 70 |
| Total current assets | 118 | 97 |
| Property and equipment, net | 1,785 | 1,844 |
| Right-of-use asset | 9 | 5 |
| Total assets | 2,359 | 2,388 |
| Accounts payable | 25 | 32 |
| Accrued liabilities | 38 | 24 |
| Current portion of long-term debt | 17 | 21 |
| Total current liabilities | 175 | 177 |
| Long-term debt | 977 | 1,024 |
| Lease liability, non-current | 3 | 4 |
| Total liabilities | 1,261 | 1,300 |
| Accumulated deficit | (183) | (203) |
| Total stockholders' equity | 468 | 546 |
| Total liabilities and equity | 2,359 | 2,388 |
Cash flows
CSVFiscal years (SMC's year ends in late December)
| In millions of dollars | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|
| Net income (loss) | (122) | (6) |
| Stock-based compensation | 9 | 8 |
| Depreciation and amortization | 101 | 114 |
| Net cash from operating activities | 62 | 134 |
| Purchases of property and equipment | 54 | 89 |
| Net cash from investing activities | 487 | (163) |
| Net cash from financing activities | (540) | 24 |
| Net change in cash | 9 | (6) |
Compare with peers
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 | — | 10-QJun 30, 2026 |
| RGC Resources | 2.5 | 17 | 5.9* | 10.4M | — | 10-QJun 30, 2026 |
| NGL Energy Partners | 5.1 | 990 | 77 | 124.8M | — | 10-QJun 30, 2026 |
| New Fortress Energy | 161 | 313 | (159)* | 285.6M | 1.0 quarters | 10-QJun 30, 2026 |
| Excelerate Energy | 342 | 329 | 114* | not reported | — | 10-QJun 30, 2026 |
| Centuri Holdings | 40 | 962 | 20* | 101.0M | — | 10-QJun 28, 2026 |
| NextDecade | 130 | 0 | 111* | 268.8M | — | 10-QSep 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.