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Saturday 17 October 2026 Export SMC’s income statement to Excel — free account

Summit Midstream Partners, LP

SMC Energy Oil & Gas Midstream

Summit Midstream Partners, LP’s revenue for fiscal 2025 (year ended December 2025) was $562.1 million, up 30.8% from fiscal 2024. In the quarter to June 2026, revenue grew 10.6%, EPS grew 118.2%, free cash flow grew 75.0% and total debt rose 15.3%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

30.70 0.72 +2.40%
Market cap
$608.8M
P/E
0.0×
Fwd P/E
−31.4×
Dividend yield
—
F-score
4/9
Altman Z
0.32
Beneish M
−2.72
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 37.95
Total sells 0.48
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — 1 — — — — — — —
Sell — — — — — — 1 — 1 — — 1
Insider Ownership 29.91%

Capital & Financial Ratios $m

Market Cap 608.84
Revenue 583.33
Net Income (0.91)
Free Cash Flow 44.84
Net Debt 1,207.89
Current Ratio 0.94 (below 1: weak)
Debt/Equity 1.35
P/E ratio 0.00
Fwd P/E (31.40) (negative: loss-making)
P/S ratio 0.73
P/B ratio 0.50
Past 5Y EPS Growth —
This Y EPS Growth 89.44% (at or above 15%: strong)
Next Y EPS Growth 220.59% (at or above 15%: strong)
Next Y revenue growth 8.72%
Next 5Y EPS Growth 46.98% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.8×, against a ten-year median of 3.9×; over the ten years it ranged from 2.4× in 2024 to 7.5× in 2016.
P/S against its own 10 years 56.84%
10-year low 10-year high
P/B against its own 10 years 62.00%
10-year low 10-year high
EV/Sales against its own 10 years 14.26%
10-year low 10-year high
EV/FCF against its own 10 years 72.59%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2020 1.88
1.88
2019 21.56
8.63
4.31
4.31
4.31
2018 34.50
8.63
8.63
8.63
8.63
2017 34.50
8.63
8.63
8.63
8.63
2016 34.50
8.63
8.63
8.63
8.63
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 17 25 20 32
Receivables 76 77 70 87
Inventory — — — —
Other 6 16 7 6
98 118 97 124
2023 2024 2025 Q'26
Payables 23 25 32 21
ST’ Debt 16 17 21 2
Other 10 35 27 6
134 175 177 132

Compound Annual Growth %

10y 5y 3y
Sales 3.45% 7.95% 15.00%
Cash Flow (3.53%) (7.62%) 10.60%
Earnings 0.00% 0.00% 0.00%
Book Value (5.95%) 0.51% 7.37%

Revenue $m

Mar Jun Sep Dec Year
’26 139 155 — — —
’25 133 140 147 142 562
’24 119 101 102 107 430
’23 112 98 121 127 459
’22 96 99 89 86 370
’21 99 100 102 99 401
’20 105 92 90 96 383
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 7 44 — — —
’25 16 37 27 54 134
’24 44 (13) 9 22 62
’23 50 2 59 16 127
’22 46 14 37 2 99
’21 51 35 42 37 165
’20 70 35 41 52 199
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (12) 19 — — —
’25 (5) 11 4 35 45
’24 27 (19) (2) 6 13
’23 33 (14) 41 (3) 58
’22 39 11 31 (7) 73
’21 57 31 36 24 148
’20 52 26 34 44 155
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.43) 0.11 — — —
’25 0.39 (0.66) (0.13) (0.66) (1.61)
’24 11.47 (2.91) (19.25) (2.40) (12.78)
’23 (1.82) (1.91) (0.27) (2.12) (6.11)
’22 0.00 (9.53) (1.28) (3.03) (12.71)
’21 0.12 (2.91) (0.17) (3.42) (6.57)
’20 (0.45) 15.89 7.16 29.73 55.84
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 165.90 274.50 150.60 42.15 7.50 12.40 11.52 13.00 15.56 19.13

Analyst estimates 2026–2028

Powerpack
High 382.50 397.50 344.25 216.75 55.05 46.64 26.22 21.40 40.75 45.89
People
People Employees — — — — — — — — — —
Revenue/emp, $m 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income, $m
Income, $m Revenue 402 489 507 444 383 401 370 459 430 562
Gross margin, % 69.49 69.08 59.63 63.44 68.01 61.02 56.44 53.54 49.73 46.93
EBT (8) 89 53 (55) 178 (28) (141) (72) 9 (23)
EBT margin, % (1.93) 18.13 10.51 (12.32) 46.33 (7.03) (38.22) (15.79) 2.17 (4.13)
Net income (38) 86 42 (394) 189 (20) (123) (39) (113) (2)
Depreciation 117 119 111 118 126 127 129 136 113 119
Per share, $
Per share, $ Revenue 88.37 100.78 103.62 146.82 106.76 59.43 36.78 44.41 40.53 46.33
Earnings (10.64) 14.84 0.90 (72.56) 52.64 (6.57) (12.71) (6.11) (12.78) (1.61)
Cash flow 50.62 49.04 46.62 53.54 55.29 24.49 9.83 12.28 5.83 11.01
Capex (31.34) (25.14) (40.92) (26.54) (12.01) (2.53) (2.54) (6.64) (4.64) (7.34)
Free cash flow 19.28 23.90 5.69 27.00 43.28 21.97 7.29 5.64 1.18 3.67
Book value 256.89 286.57 249.77 259.93 256.93 134.16 76.12 69.53 91.05 78.02
Shares, m 5 5 5 3 4 7 10 10 11 12
Valuation, ×
Valuation, × P/E 0.00 21.68 167.57 0.00 0.23 0.00 0.00 0.00 0.00 0.00
P/S 4.22 3.19 1.45 0.34 0.12 0.37 0.44 0.41 0.93 0.58
P/B 1.45 1.42 0.79 0.31 0.06 0.20 0.24 0.30 0.47 0.39
EV/Sales 7.28 5.34 3.93 3.93 3.99 5.61 4.44 3.57 3.19 2.40
EV/FCF 33.38 22.52 71.50 21.34 9.85 15.18 22.40 28.15 108.98 30.29
Cash, $m
Cash, $m Operating cash flow 230 238 228 162 199 165 99 127 62 134
Capex (143) (122) (200) (80) (43) (17) (26) (69) (49) (89)
Free cash flow 88 116 28 82 155 148 73 58 13 45
Balance, $m
Balance, $m Working capital 37 9 (4) 50 14 8 (20) (36) (57) (80)
Total debt 1,240 1,051 1,258 1,628 1,347 1,355 1,490 1,471 994 1,046
Net debt 1,233 1,050 1,253 1,591 1,332 1,336 1,477 1,454 968 1,026
Shareholders’ equity 1,170 1,390 1,221 785 923 904 765 719 965 947
Returns, %
Returns, % ROA (1.53) 2.39 0.15 (7.61) 10.37 (1.76) (5.02) (2.50) (5.58) (0.82)
ROIC 2.96 4.29 3.59 2.95 1.84 1.83 1.05 2.21 0.85 2.40
ROE (3.30) 6.35 0.43 (30.02) 42.42 (5.97) (18.06) (9.70) (18.35) (2.31)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Summit Midstream Partners, LP vs peers in Oil & Gas Midstream (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
PBT Permian Basin Royalty Trust $1.6B 94.7× 21.9× +34.59% (above 0%: growing) +60.00% (above 0%: growing) — 100.00% 92.68% Compare
FLNG Flex LNG Ltd. $1.5B 14.8× 14.3× +24.21% (above 0%: growing) +151.52% (above 0%: growing) +185.57% (above 0%: growing) 76.00% 55.68% Compare
TEN Tsakos Energy Navigation Ltd $1.5B 5.2× 8.0× +54.37% (above 0%: growing) +556.72% (above 0%: growing) +185.92% (above 0%: growing) 62.31% 54.53% Compare
NVGS Navigator Holdings Ltd. $1.3B 9.7× 7.8× +29.55% (above 0%: growing) +177.42% (above 0%: growing) +9.98% (above 0%: growing) 55.10% 28.48% Compare
TK Teekay Corporation Ltd. $1.2B 9.6× 41.1× −24.36% (below 0%: shrinking) −23.68% (below 0%: shrinking) +211.73% (above 0%: growing) 31.43% 27.41% Compare
SBR Sabine Royalty Trust $1.1B 14.8× 12.4× +16.53% (above 0%: growing) +17.21% (above 0%: growing) — 100.00% 95.66% Compare
SMC Summit Midstream Partners, LP $608.8M — (loss-making) — (loss-making) +10.55% (above 0%: growing) n/m +74.99% (above 0%: growing) 42.65% 16.09%
KNOP KNOT Offshore Partners LP $337.6M 22.5× 27.9× +11.16% (above 0%: growing) −50.00% (below 0%: shrinking) +3.37% (above 0%: growing) 61.32% 16.08% Compare
BROGF Brooge Energy Limited $284.9M — (loss-making) 1.8× +174.80% (above 0%: growing) +133.33% (above 0%: growing) +12,860.09% (above 0%: growing) 81.50% 0.00% Compare
Median of peers $1.3B 14.8× 13.4× +26.88% +96.67% +185.75% 69.16% 41.51%

All 58 Oil & Gas Midstream stocks →

Summit Midstream Partners, LP (SMC) key facts

  • Strength: Summit Midstream Partners, LP’s revenue for fiscal 2025 (year ended December 2025) was $562.1 million, up 30.8% from fiscal 2024.
  • Summit Midstream Partners, LP (SMC) is an Oil & Gas Midstream company in the Energy sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, SMC traded at $30.70, a market capitalization of $608.8 million.
  • Return on equity was −2.31% and debt-to-equity 1.35.
  • Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 0.32 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Summit Midstream Partners, LP (SMC) Latest News

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stockrow.com/SMC · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com