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Summit Midstream Corporation (SMC)



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Upturn Advisory Summary
08/14/2025: SMC (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 50.5% | Avg. Invested days 43 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 368.34M USD | Price to earnings Ratio 5.59 | 1Y Target Price - |
Price to earnings Ratio 5.59 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 2.38 | 52 Weeks Range 24.39 - 45.89 | Updated Date 04/12/2025 |
52 Weeks Range 24.39 - 45.89 | Updated Date 04/12/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 6.19 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 20.85% | Operating Margin (TTM) 10.04% |
Management Effectiveness
Return on Assets (TTM) 2.26% | Return on Equity (TTM) 10.84% |
Valuation
Trailing PE 5.59 | Forward PE 5.44 | Enterprise Value 1139714048 | Price to Sales(TTM) 0.78 |
Enterprise Value 1139714048 | Price to Sales(TTM) 0.78 | ||
Enterprise Value to Revenue 2.43 | Enterprise Value to EBITDA 5.64 | Shares Outstanding 10648700 | Shares Floating 10649000 |
Shares Outstanding 10648700 | Shares Floating 10649000 | ||
Percent Insiders 13.33 | Percent Institutions 33.71 |
Upturn AI SWOT
Summit Midstream Corporation
Company Overview
History and Background
Summit Midstream Corporation was founded in 2009. Initially focused on shale gas development, it expanded through acquisitions to become a diversified midstream energy company. A significant milestone was its initial public offering (IPO) in 2012. The company has evolved to focus on gathering, processing, and transmission services for natural gas and crude oil.
Core Business Areas
- Utica: Provides natural gas gathering and processing services in the Utica Shale region.
- Piceance: Provides natural gas gathering and processing services in the Piceance Basin.
- DJ Basin: Provides crude oil gathering, water handling, and produced water disposal services in the DJ Basin.
- Permian Basin: Offers crude oil gathering and water handling services in the Permian Basin.
Leadership and Structure
Heath Deneke serves as the President, Chief Executive Officer, and Chairman of the Board. The company operates with a board of directors and a management team overseeing various operational and financial aspects.
Top Products and Market Share
Key Offerings
- Natural Gas Gathering: Gathering natural gas from wellheads and transporting it to processing plants or pipelines. Market share data is not readily available. Competitors include Energy Transfer (ET) and Kinder Morgan (KMI).
- Natural Gas Processing: Processing raw natural gas to remove impurities and separate valuable hydrocarbons. Market share data is not readily available. Competitors include DCP Midstream and Targa Resources (TRGP).
- Crude Oil Gathering: Gathering crude oil from wellheads and transporting it to pipelines or storage facilities. Market share data is not readily available. Competitors include Plains All American Pipeline (PAA) and Enterprise Products Partners (EPD).
- Water Handling and Disposal: Handling and disposing of produced water from oil and gas operations. Market share data is not readily available. Competitors include Select Energy Services and Tetra Technologies (TTI).
Market Dynamics
Industry Overview
The midstream energy industry is driven by the production of oil and natural gas. Demand for midstream services fluctuates with commodity prices and production levels. Environmental regulations and infrastructure development also significantly influence the industry.
Positioning
Summit Midstream Corporation operates in key shale basins and focuses on providing essential gathering, processing, and transportation services. It aims to differentiate itself through operational efficiency and customer relationships.
Total Addressable Market (TAM)
The midstream sector's TAM is estimated to be in the hundreds of billions of dollars globally. Summit Midstream Corporation focuses on specific regions and services, capturing a portion of this TAM through its assets and operational footprint.
Upturn SWOT Analysis
Strengths
- Strategic asset locations in key basins
- Integrated service offerings
- Strong customer relationships
- Experienced management team
Weaknesses
- High debt levels
- Exposure to commodity price fluctuations
- Geographic concentration in certain basins
- Dependence on upstream producers
Opportunities
- Expansion of existing infrastructure
- Acquisition of complementary assets
- Increased demand for natural gas
- Development of new markets for produced water disposal
Threats
- Declining oil and gas production
- Increased regulatory scrutiny
- Competition from other midstream companies
- Economic downturn
Competitors and Market Share
Key Competitors
- ET
- KMI
- TRGP
- EPD
- WMB
Competitive Landscape
Summit Midstream faces competition from larger, more diversified midstream companies. Its advantages may include strategic asset locations and operational efficiency, while disadvantages may include smaller scale and higher debt levels.
Major Acquisitions
DM Midstream
- Year: 2016
- Acquisition Price (USD millions): 310
- Strategic Rationale: Expanded presence in the Utica Shale and enhanced gathering and processing capabilities.
Growth Trajectory and Initiatives
Historical Growth: Analyze past revenue and asset growth, driven by acquisitions and organic development.
Future Projections: Future growth projections depend on analyst estimates. Look for analyst reports and financial news sources for projections.
Recent Initiatives: Expansion projects, strategic acquisitions, and operational improvements
Summary
Summit Midstream Corporation is a midstream energy company with assets in key shale basins. While strategically positioned, its high debt and commodity price exposure pose challenges. Growth opportunities exist through infrastructure expansion and acquisitions, but competition and regulatory risks need careful management. The company must balance growth initiatives with financial prudence to ensure long-term sustainability.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Company Investor Relations
- Financial News Articles
- Industry Reports
- Analyst Reports
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market conditions and company-specific events can impact future performance. Consult a financial professional before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Summit Midstream Corporation
Exchange NYSE | Headquaters Houston, TX, United States | ||
IPO Launch date 2024-08-01 | President, CEO & Chairman Mr. J. Heath Deneke | ||
Sector Energy | Industry Oil & Gas Midstream | Full time employees 272 | Website https://www.summitmidstream.com |
Full time employees 272 | Website https://www.summitmidstream.com |
Summit Midstream Corporation focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. The company operates through Rockies, Permian, Piceance, Mid-Con, and Northeast segments. It owns, develops, and operates natural gas, crude oil, produced water gathering systems, and transmission pipelines. The company serves natural gas and crude oil producers. Summit Midstream Corporation was founded in 2009 and is based in Houston, Texas.

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