(SMC) Summit Midstream - Overview

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US86614G1013

Stock: Gathering, Transmission, Crude, Gas, Water

Total Rating 34

Risk 66

Buy Signal 0.02

Oil & Gas Midstream » Oil & Gas Storage & Transportation
Age: 1.5y

Market Cap: 327m
Avg Trading Vol: 1.14M USD

ATR: 3.95%
Peers RS (IBD): 19.61

EPS (Earnings per Share)

EPS CAGR: 5.11%
EPS Trend: 9.1%

Last SUE: -1.98
Qual. Beats: 0

Revenue

Rev. CAGR: 18.32%
Rev. Trend: 73.9%

Qual. Beats: 0

Risk 5d forecast
Volatility	50.5%
Relative Tail Risk	-28.1%

Reward TTM
Sharpe Ratio	-0.66
Alpha	-50.18

Character TTM
Beta	1.065
Beta Downside	1.726

Drawdowns 3y
Max DD	57.33%
CAGR/Max DD	0.36

Description: SMC Summit Midstream December 29, 2025

Summit Midstream Corporation (NYSE: SMC) is a Houston-based midstream operator founded in 2009 that owns, develops, and runs gathering, processing, and transmission assets for natural gas, crude oil, and produced water across five U.S. regions – the Rockies, Permian, Piceance, Mid-Con and Northeast. Its fee-based business model serves upstream producers by moving hydrocarbons from shale formations to market hubs.

Key operating metrics (2023 / 2024 est.) include roughly 1.1 billion cubic feet per day (BCFD) of gas gathering capacity and 1.2 million barrels per day (MMb/d) of crude oil throughput, generating an adjusted EBITDA of about $250 million, which reflects a margin of ~30% despite volatile commodity prices. The segment’s performance is closely tied to three macro drivers: (1) natural-gas price spreads (Waha-Henry Hub), (2) U.S. crude production growth in the Permian and Rockies, and (3) regulatory trends affecting produced-water handling and pipeline approvals.

For a deeper quantitative dive, you might explore ValueRay’s detailed SMC valuation models.

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income: -14.9m TTM > 0 and > 6% of Revenue
FCF/TA: 0.01 > 0.02 and ΔFCF/TA 0.69 > 1.0
NWC/Revenue: -6.70% < 20% (prev -3.77%; Δ -2.93% < -1%)
CFO/TA 0.04 > 3% & CFO 101.6m > Net Income -14.9m
Net Debt (1.05b) to EBITDA (190.0m): 5.55 < 3
Current Ratio: 0.76 > 1.5 & < 3
Outstanding Shares: last quarter (12.3m) vs 12m ago 15.08% < -2%
Gross Margin: 38.73% > 18% (prev 0.27%; Δ 3846 % > 0.5%)
Asset Turnover: 23.88% > 50% (prev 22.51%; Δ 1.37% > 0%)
Interest Coverage Ratio: 0.84 > 6 (EBITDA TTM 190.0m / Interest Expense TTM 91.0m)

Altman Z'' -0.28

A: -0.01 (Total Current Assets 112.2m - Total Current Liabilities 147.4m) / Total Assets 2.41b
B: -0.08 (Retained Earnings -194.8m / Total Assets 2.41b)
C: 0.03 (EBIT TTM 76.3m / Avg Total Assets 2.21b)
D: -0.15 (Book Value of Equity -194.6m / Total Liabilities 1.32b)
Altman-Z'' Score: -0.28 = B

Beneish M -3.20

DSRI: 1.13 (Receivables 80.1m/60.6m, Revenue 526.8m/449.9m)
GMI: 0.70 (GM 38.73% / 27.04%)
AQI: 0.86 (AQ_t 0.19 / AQ_t-1 0.22)
SGI: 1.17 (Revenue 526.8m / 449.9m)
TATA: -0.05 (NI -14.9m - CFO 101.6m) / TA 2.41b)
Beneish M-Score: -3.20 (Cap -4..+1) = AA

What is the price of SMC shares?

As of February 08, 2026, the stock is trading at USD 28.48 with a total of 61,610 shares traded.
Over the past week, the price has changed by -0.80%, over one month by +9.20%, over three months by +34.21% and over the past year by -34.96%.

Is SMC a buy, sell or hold?

Summit Midstream has no consensus analysts rating.

What are the forecasts/targets for the SMC price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	47	65%
Analysts Target Price	47	65%
ValueRay Target Price	28.6	0.5%

SMC Fundamental Data Overview February 03, 2026

P/E Forward = 5.4407
P/S = 0.6844
P/B = 0.7932
Revenue TTM = 526.8m USD
EBIT TTM = 76.3m USD
EBITDA TTM = 190.0m USD
Long Term Debt = 1.07b USD (from longTermDebt, last quarter)
Short Term Debt = 16.9m USD (from shortTermDebt, last quarter)
Debt = 1.08b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.05b USD (from netDebt column, last quarter)
Enterprise Value = 1.38b USD (327.1m + Debt 1.08b - CCE 24.6m)
Interest Coverage Ratio = 0.84 (Ebit TTM 76.3m / Interest Expense TTM 91.0m)
EV/FCF = 87.03x (Enterprise Value 1.38b / FCF TTM 15.9m)
FCF Yield = 1.15% (FCF TTM 15.9m / Enterprise Value 1.38b)
FCF Margin = 3.02% (FCF TTM 15.9m / Revenue TTM 526.8m)
Net Margin = -2.82% (Net Income TTM -14.9m / Revenue TTM 526.8m)
Gross Margin = 38.73% ((Revenue TTM 526.8m - Cost of Revenue TTM 322.8m) / Revenue TTM)
Gross Margin QoQ = 72.91% (prev 24.97%)
Tobins Q-Ratio = 0.57 (Enterprise Value 1.38b / Total Assets 2.41b)
Interest Expense / Debt = 2.24% (Interest Expense 24.2m / Debt 1.08b)
Taxrate = 9.70% (537.0k / 5.54m)
NOPAT = 68.9m (EBIT 76.3m * (1 - 9.70%))
Current Ratio = 0.76 (Total Current Assets 112.2m / Total Current Liabilities 147.4m)
Debt / Equity = 1.57 (Debt 1.08b / totalStockholderEquity, last quarter 691.0m)
Debt / EBITDA = 5.55 (Net Debt 1.05b / EBITDA 190.0m)
Debt / FCF = 66.23 (Net Debt 1.05b / FCF TTM 15.9m)
Total Stockholder Equity = 600.9m (last 4 quarters mean from totalStockholderEquity)
RoA = -0.67% (Net Income -14.9m / Total Assets 2.41b)
RoE = -2.47% (Net Income TTM -14.9m / Total Stockholder Equity 600.9m)
RoCE = 4.58% (EBIT 76.3m / Capital Employed (Equity 600.9m + L.T.Debt 1.07b))
RoIC = 4.65% (NOPAT 68.9m / Invested Capital 1.48b)
WACC = 3.83% (E(327.1m)/V(1.41b) * Re(9.84%) + D(1.08b)/V(1.41b) * Rd(2.24%) * (1-Tc(0.10)))
Discount Rate = 9.84% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 8.68%
[DCF Debug] Terminal Value 80.82% ; FCFF base≈15.9m ; Y1≈10.4m ; Y5≈4.76m
Fair Price DCF = N/A (negative equity: EV 151.8m - Net Debt 1.05b = -901.7m; debt exceeds intrinsic value)
EPS Correlation: 9.06 | EPS CAGR: 5.11% | SUE: -1.98 | # QB: 0
Revenue Correlation: 73.95 | Revenue CAGR: 18.32% | SUE: N/A | # QB: 0
EPS next Year (2026-12-31): EPS=1.03 | Chg30d=N/A | Revisions Net=+0 | Growth EPS=+208.4% | Growth Revenue=+4.4%

Additional Sources for SMC Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle