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Summit Midstream Corporation, a Delaware corporation (including its subsidiaries, collectively, we , our , us , SMC , or the Company ), is a value-driven company focused on developing, owning and operating midstream energy infrastructure assets that are strategically located in the core producing areas of unconventional resource basins, primarily shale formations, in the continental United Stat…
$30.86
$1.18 (-3.68%)
Price from 14 days ago
12.88% operating margin is respectable but not wide. ROIC at 3.72%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue up 30.8% YoY with margins expanding 22.6pp.
Net debt of $1.04B represents 23.4x FCF, leverage limits flexibility.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$569M
▲ +30.8% YoY
Net Income (TTM)
-$9M
▲ +95.1% YoY
Op. Margin
13.04%
▲ +22.6pp YoY
ROIC
3.49%
▲ +5.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$37M
▲ +446.0% YoY
Op. Cash Flow (TTM)
$124M
▲ +116.3% YoY
Net Debt
$1.22B
Cash & Equiv.
$43M
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