Summit Midstream CorpSMCEarnings & Financial Report
Summit Midstream Corp is a North American midstream energy firm serving upstream oil and gas producers. It runs natural gas and crude gathering pipelines, compression facilities, and produced water handling services, with assets across key US onshore resource basins.
Revenue
$102.4M
Gross Profit
$74.2M
Operating Profit
$-55.0M
Net Profit
$-204.9M
Gross Margin
72.4%
Operating Margin
-53.7%
Net Margin
-200.1%
YoY Growth
N/A
EPS
$-19.25
Summit Midstream Corp Q3 FY2024 Financial Summary
Summit Midstream Corp reported revenue of $102.4M for Q3 FY2024, with a net profit of $-204.9M (-200.1% margin). Cost of goods sold was $28.2M, operating expenses totaled $129.1M.
Key Financial Metrics
| Total Revenue | $102.4M |
|---|---|
| Net Profit | $-204.9M |
| Gross Margin | 72.4% |
| Operating Margin | -53.7% |
| Report Period | Q3 FY2024 |
Revenue Breakdown
Summit Midstream Corp Q3 FY2024 revenue of $102.4M breaks down across 5 segments, led by Natural Gas Gathering Transportation Marketing And Processing at $44.0M (43.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Natural Gas Gathering Transportation Marketing And Processing | $44.0M | 43.0% |
| Piceance Basin Segment | $19.6M | 19.1% |
| Gathering Services And Related Fees | $15.3M | 14.9% |
| Barnett Shale Segment | $14.2M | 13.9% |
| Other | $10.2M | 9.9% |
Summit Midstream Corp Revenue by Segment — Quarterly Trend
Summit Midstream Corp revenue by segment across the last 4 reported quarters, showing how each business line (such as Natural Gas Gathering Transportation Marketing And Processing and Piceance Basin Segment) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Natural Gas Gathering Transportation Marketing And Processing | — | — | $64.2M | $64.2M |
| Piceance Basin Segment | $15.8M | $18.6M | $17.6M | — |
| Gathering Services And Related Fees | — | $16.4M | $16.3M | $16.0M |
| Other | — | — | — | $9.2M |
Summit Midstream Corp Annual Revenue by Year
Summit Midstream Corp annual revenue history includes year-by-year totals (for example, 2025 revenue was $562.1M).
| Year | Annual Revenue |
|---|---|
| 2025 | $562.1M |
Summit Midstream Corp Quarterly Revenue & Net Profit History
Summit Midstream Corp results over the last 5 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $142.3M | — | $-7.3M | -5.1% |
| Q3 FY2025 | $146.9M | +43.4% | $-1.6M | -1.1% |
| Q2 FY2025 | $140.2M | — | $-8.0M | -5.7% |
| Q1 FY2025 | $132.7M | — | $2.0M | 1.5% |
| Q3 FY2024 | $102.4M | — | $-204.9M | -200.1% |
Income Statement
| Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|
| Revenue | $102.4M | $132.7M | $140.2M | $146.9M | $142.3M |
| YoY Growth | N/A | N/A | N/A | 43.4% | N/A |
Balance Sheet
| Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|
| Assets | $2.00B | $2.43B | $2.42B | $2.41B | $2.39B |
| Liabilities | $1.22B | $1.33B | $1.33B | $1.32B | $1.30B |
| Equity | $651.5M | $558.1M | $552.0M | $551.9M | $546.2M |
Cash Flow
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|
| Operating CF | $16.0M | $37.2M | $26.7M | $53.7M |