Summit Financial Statements From 2010 to 2025

SMC Stock   41.56  0.39  0.95%   
Summit Midstream financial statements provide useful quarterly and yearly information to potential Summit Midstream investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Summit Midstream financial statements helps investors assess Summit Midstream's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Summit Midstream's valuation are summarized below:
Profit Margin
0.2085
Market Capitalization
368.3 M
Enterprise Value Revenue
2.4317
Revenue
469.6 M
Earnings Share
6.19
We have found one hundred twenty available fundamental trend indicators for Summit Midstream, which can be analyzed and compared to other ratios and to its competition. Investors should ensure to double-check all of Summit Midstream's current performance against the performance from 2010 to 2025 to make sure the company is sustainable down the road.

Summit Midstream Total Revenue

452.61 Million

Check Summit Midstream financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Summit Midstream's main balance sheet or income statement drivers, such as Depreciation And Amortization of 130.8 M, Selling General Administrative of 42.5 M or Selling And Marketing Expenses of 3.2 M, as well as many indicators such as Price To Sales Ratio of 0.71, Dividend Yield of 0.0161 or PTB Ratio of 0.45. Summit financial statements analysis is a perfect complement when working with Summit Midstream Valuation or Volatility modules.
  
Check out the analysis of Summit Midstream Correlation against competitors.
For information on how to trade Summit Stock refer to our How to Trade Summit Stock guide.

Summit Midstream Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total AssetsB2.2 B2.5 B
Slightly volatile
Short and Long Term Debt Total1.2 B1.3 B1.5 B
Slightly volatile
Total Current Liabilities89.1 M154.1 M43.6 M
Slightly volatile
Property Plant And Equipment Net1.4 B1.5 B1.8 B
Slightly volatile
Net Debt1.2 B1.3 B1.5 B
Slightly volatile
Accounts Payable13.4 M20.4 M21.1 M
Slightly volatile
Cash12.8 M16.2 M10.8 M
Slightly volatile
Non Current Assets Total1.9 B2.2 B2.4 B
Slightly volatile
Non Currrent Assets Other20.9 M25.8 M14.3 M
Slightly volatile
Cash And Short Term Investments12.8 M16.2 M10.8 M
Slightly volatile
Net Receivables59.7 M68.6 M86.1 M
Slightly volatile
Common Stock Shares Outstanding8.2 M11.9 M6.7 M
Slightly volatile
Liabilities And Stockholders Equity2.5 B2.9 B2.5 B
Very volatile
Non Current Liabilities Total1.3 B1.4 B1.6 B
Slightly volatile
Inventory0.860.91.6 M
Pretty Stable
Other Current Assets11.6 M7.3 M24.2 M
Slightly volatile
Total Liabilities1.5 B1.9 B628.6 M
Slightly volatile
Short and Long Term Debt11.6 M17.9 M8.2 M
Slightly volatile
Total Current Assets80.8 M88.6 M120.8 M
Slightly volatile
Short Term Debt18.7 M17.9 M7.6 M
Slightly volatile
Intangible Assets156.7 M158 M211.5 M
Slightly volatile
Common Stock679.7 M714.9 M452.1 M
Slightly volatile
Long Term Debt1.6 B1.7 B1.4 B
Slightly volatile
Other Stockholder Equity139.5 M157 M171.2 M
Slightly volatile
Net Invested Capital1.8 BB2.2 B
Slightly volatile
Long Term Investments525 M559.4 M432.6 M
Slightly volatile
Property Plant And Equipment Gross2.6 B2.8 B2.4 B
Slightly volatile
Non Current Liabilities Other33.9 M34.8 M25.6 M
Slightly volatile

Summit Midstream Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization130.8 M142.3 M117 M
Slightly volatile
Selling General Administrative42.5 M37.9 M48 M
Very volatile
Selling And Marketing Expenses3.2 M3.6 MM
Slightly volatile
Total Revenue452.6 M527.7 M440 M
Very volatile
Gross Profit122.1 M110.6 M221.2 M
Slightly volatile
Other Operating Expenses335.4 M340.3 M592.4 M
Slightly volatile
Operating Income61 M72.7 M99.7 M
Slightly volatile
EBITDA136.5 M174 M203 M
Slightly volatile
Cost Of Revenue284.7 M386.4 M214 M
Slightly volatile
Total Operating Expenses36 M37.9 M382.7 M
Slightly volatile
Interest Expense106.8 M161.9 M90.4 M
Slightly volatile
Reconciled Depreciation132.8 M142.3 M121.8 M
Slightly volatile

Summit Midstream Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Stock Based CompensationM5.9 M7.2 M
Slightly volatile
Begin Period Cash Flow19.8 M15.6 M10.3 M
Slightly volatile
Depreciation130.8 M142.3 M117 M
Slightly volatile
Other Non Cash Items53.7 M49.7 M169.2 M
Slightly volatile
Capital Expenditures56 M62 M131.8 M
Slightly volatile
Total Cash From Operating Activities120.2 M114.2 M152.6 M
Slightly volatile
End Period Cash Flow16.4 M15 M29.1 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio0.710.75210
Pretty Stable
Dividend Yield0.01610.01540.0046
Slightly volatile
Days Sales Outstanding72.7169.7774.534
Slightly volatile
Book Value Per Share89.1493.84338
Slightly volatile
Operating Cash Flow Per Share13.4214.1226.4988
Slightly volatile
Stock Based Compensation To Revenue0.01670.01650.0172
Slightly volatile
Capex To Depreciation0.660.641.1887
Slightly volatile
EV To Sales3.423.61213
Pretty Stable
ROIC0.0340.03930.0406
Slightly volatile
Inventory Turnover74.0214650.9715
Slightly volatile
Days Of Inventory On Hand0.00.02.1666
Pretty Stable
Payables Turnover14.0613.3110.9373
Slightly volatile
Sales General And Administrative To Revenue0.140.110.116
Slightly volatile
Average Inventory814.1 K775.4 K260.9 K
Slightly volatile
Capex To Revenue0.180.170.3035
Slightly volatile
Cash Per Share2.131.561.8123
Very volatile
POCF Ratio2.572.71623
Pretty Stable
Interest Coverage0.920.661.0953
Slightly volatile
Capex To Operating Cash Flow0.520.620.8519
Slightly volatile
Days Payables Outstanding28.5728.3842.5892
Slightly volatile
EV To Operating Cash Flow12.3813.04633
Pretty Stable
Intangibles To Total Assets0.0850.0810.0853
Slightly volatile
Net Debt To EBITDA7.716.787.8561
Slightly volatile
Current Ratio0.80.8416.1055
Slightly volatile
Tangible Book Value Per Share70.5874.3302
Slightly volatile
Receivables Turnover4.55.414.9456
Slightly volatile
Graham Number83.8988.31239
Slightly volatile
Capex Per Share12.897.6723.6225
Slightly volatile
Revenue Per Share72.2451.0773.7901
Slightly volatile
Interest Debt Per Share272179282
Slightly volatile
Debt To Assets0.640.680.619
Pretty Stable
Enterprise Value Over EBITDA8.138.56620
Pretty Stable
Short Term Coverage Ratios8.939.432.2049
Very volatile
Operating Cycle76.7769.7775.9413
Slightly volatile
Days Of Payables Outstanding28.5728.3842.5892
Slightly volatile
Price To Operating Cash Flows Ratio2.572.71623
Pretty Stable
Operating Profit Margin0.20.17610.2339
Slightly volatile
Long Term Debt To Capitalization0.840.770.7501
Pretty Stable
Total Debt To Capitalization0.840.770.751
Pretty Stable
Return On Capital Employed0.03410.03940.0406
Slightly volatile
Ebit Per Revenue0.20.17610.2339
Slightly volatile
Quick Ratio0.80.8416.095
Slightly volatile
Dividend Paid And Capex Coverage Ratio2.611.511.5506
Slightly volatile
Net Income Per E B T0.830.620.63
Slightly volatile
Cash Ratio0.110.121.1212
Slightly volatile
Cash Conversion Cycle35.0632.3931.9683
Slightly volatile
Operating Cash Flow Sales Ratio0.410.320.365
Very volatile
Days Of Inventory Outstanding0.00.02.1666
Pretty Stable
Days Of Sales Outstanding72.7169.7774.534
Slightly volatile
Cash Flow Coverage Ratios0.110.09920.1014
Very volatile
Fixed Asset Turnover0.180.240.2318
Slightly volatile
Capital Expenditure Coverage Ratio2.741.661.8472
Slightly volatile
Price Cash Flow Ratio2.572.71623
Pretty Stable
Enterprise Value Multiple8.138.56620
Pretty Stable
Debt Ratio0.640.680.619
Pretty Stable
Cash Flow To Debt Ratio0.110.09920.1014
Very volatile
Price Sales Ratio0.710.75210
Pretty Stable
Asset Turnover0.130.170.1668
Slightly volatile
Gross Profit Margin0.410.310.5168
Slightly volatile

Summit Fundamental Market Drivers

Forward Price Earnings5.4407
Cash And Short Term Investments14 M

About Summit Midstream Financial Statements

Summit Midstream stakeholders use historical fundamental indicators, such as Summit Midstream's revenue or net income, to determine how well the company is positioned to perform in the future. Although Summit Midstream investors may analyze each financial statement separately, they are all interrelated. For example, changes in Summit Midstream's assets and liabilities are reflected in the revenues and expenses on Summit Midstream's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Summit Midstream. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue11.7 M12.3 M
Total Revenue527.7 M452.6 M
Cost Of Revenue386.4 M284.7 M
Stock Based Compensation To Revenue 0.02  0.02 
Sales General And Administrative To Revenue 0.11  0.14 
Capex To Revenue 0.17  0.18 
Revenue Per Share 51.07  72.24 
Ebit Per Revenue 0.18  0.20 

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Summit Midstream offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Summit Midstream's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Summit Midstream Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Summit Midstream Stock:
Check out the analysis of Summit Midstream Correlation against competitors.
For information on how to trade Summit Stock refer to our How to Trade Summit Stock guide.
You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Summit Midstream. If investors know Summit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Summit Midstream listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
6.19
Revenue Per Share
44.885
Quarterly Revenue Growth
0.035
Return On Assets
0.0226
Return On Equity
0.1084
The market value of Summit Midstream is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit Midstream's value that differs from its market value or its book value, called intrinsic value, which is Summit Midstream's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Summit Midstream's market value can be influenced by many factors that don't directly affect Summit Midstream's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Summit Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Midstream's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.