Summit Midstream Corporation
SMCEnergyNASDAQOil & Gas Midstream · Last scanned Jul 18, 2026
Scan Results
Daily timeframeSummit Midstream Corporation owns, develops, and operates midstream energy infrastructure assets primarily shale formations in the continental United States. The $406.7M market capitalization puts SMC squarely in small-cap range for its industry. It operates through Rockies, Permian, Piceance, Mid-Con, and Northeast segments.
Market Cap
$406.7M
Beta
0.74
P/E (TTM)
—
P/E (Fwd)
24.53
EPS (TTM)
$-1.78
EPS (Fwd)
$1.20
ROE
-3.5%
ROA
2.3%
Cash
$43.4M
Total Debt
$1.27B
Free CF
-$2.7M
52W Change
12.4%
Annual Financials
Cash vs Debt
The company holds $43.4M in cash, though total debt stands at $1.27B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow is running at -$2.7M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of -3.5% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 2.2% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $369.6M (2022) to $562.1M (2025), reflecting a 52% increase over the period.
Summit Midstream Corporation carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Summit Midstream Corporation's trajectory.