Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026
Basics
Sector
Energy
Industry
Oil & Gas Midstream
Country
United States
Market cap
412.1M USD
Enterprise value
1.6B USD
Full-time employees
296
Overall health
Drawback:less profitable than most peersless profitable than peers
Drawback:its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback:higher risk than most peers: its share price swings more than most peers’ (beta 0.74 vs a peer median of 0.57), though less than the overall market, less short-term liquidity (current ratio 0.94 vs a peer median of 1.37) and more debt relative to equity (2.07× vs a peer median of 0.47×)higher risk: bigger price swings (beta 0.74 vs peers 0.57), less liquidity (current ratio 0.94 vs peers 1.37) and more debt vs equity (2.07× vs peers 0.47×)
Earnings turned from a loss to a profit. Profit per share this year after a loss last year.
Summit Midstream made a profit per share in its latest year after a loss the year before.
Valuation signals disagree. Cheaper than 75% of peers on free cash flow, but only 26% on earnings.
Relative to its free cash flow, Summit Midstream looks cheaper than 75% of peers; relative to its earnings, cheaper than only 26%. The valuation score blends the two, so look at which measure fits this business best.
Cash flow well above reported profit. Free cash flow is 4.9× reported profit.
Free cash flow is 4.9× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.
Fast revenue growth. Revenue grew 21% in the 12 months to June 2026 vs the 12 months before, faster than 84% of peers.
Revenue grew 21% in the 12 months to June 2026 vs the 12 months before, faster than 84% of its peers.
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 37 → 36
Share price -3.6%+3
Company's reported figures updated-2
Peer companies moved-2
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Why it changed since the Oct 27, 2026 close: Score 92 → 93
Peer companies moved+1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Revenue and earnings-per-share growth over one year, and revenue growth over three years.
Earnings per share growthUnavailable
Earnings per share turned from a loss to a profit33% base weight · Z-score 3.84Sector median: 0.0107 · MAD: 0.3431
3-year revenue growth15.0%
Yahoo Finance fallback · SEC figure unavailable or out of date · 3 fiscal years to Dec 2025Reported value33% base weight · Z-score 2.03Sector median: -0.0135 · MAD: 0.0807
Revenue growth20.9%
SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.86Sector median: 0.0050 · MAD: 0.1101
Return on invested capital, operating margin, and return on assets.
Operating margin15.8%
Yahoo Finance fallback · SEC operating income not reported in standard form · fiscal year to Dec 2025Reported value33% base weight · Z-score 0.44Sector median: 0.1169 · MAD: 0.0936
Return on assets0.4%
SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.34Sector median: 0.0444 · MAD: 0.0302
Return on invested capital4.3%
Yahoo Finance fallback · SEC operating income or invested capital unavailable · trailing 12 monthsReported value33% base weight · Z-score -0.76Sector median: 0.0929 · MAD: 0.0648
Other data (not scored)
Gross margin71.5%
SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.3310 · MAD: 0.1935
Return on equity1.5%
SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.1014 · MAD: 0.0743
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Summit Midstream
Is Summit Midstream getting weaker?
Its latest SEC filing (Aug 10, 2026) got stronger: turned profitable over the last 12 months. Its overall score is unchanged at 42/100 since Oct 28, 2026.
How is Summit Midstream valued vs its peers?
Priced higher than most peers relative to what it earns. Valuation scores 36/100 against 404 energy peers.Free cash flow yield 10.7% vs a peer median of 6.2% (stronger than 75% of peers).Free cash flow yield 10.7% vs peers 6.2% (stronger than 75% of peers).Earnings yield 2.2% vs a peer median of 5.2% (weaker than 74% of peers).Earnings yield 2.2% vs peers 5.2% (weaker than 74% of peers).
Is Summit Midstream growing?
Yes, faster than most of its peers. Growth scores 93/100 against 404 energy peers.3-year revenue growth 15.0% vs a peer median of -1.3% (stronger than 87% of peers).3-year revenue growth 15.0% vs peers -1.3% (stronger than 87% of peers).
How profitable is Summit Midstream?
Less profitable than most of its peers. Profitability scores 29/100 against 404 energy peers.Return on assets 0.4% vs a peer median of 4.4% (weaker than 83% of peers).Return on assets 0.4% vs peers 4.4% (weaker than 83% of peers).
How risky is Summit Midstream?
Higher risk relative to 404 energy peers, judged on debt, liquidity and share-price swings.Debt / equity 2.07× vs a peer median of 0.47× (weaker than 88% of peers).Debt / equity 2.07× vs peers 0.47× (weaker than 88% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Aug 10, 2026 · compared with the quarter ended Mar 31, 2026
Got stronger
Turned profitable over the last 12 months
Previous quarter
Latest quarter
Change
Revenue (12 months)
568.5M USD
583.3M USD
+2.6%
Net income (12 months)
−455,000 USD
9.2M USD
turned positive
Free cash flow (12 months)
36.7M USD
44.8M USD
+22.1%
Debt
1.3B USD
1.2B USD
−2.1%
Cash
43.4M USD
21.0M USD
−51.7%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Industry: Oil & Gas Midstream · 32 companies
Valuations in Oil & Gas Midstream are near the top of their range since Aug 2019.
86% of months since Aug 2019 were valued lower than now.
54% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +44% and earnings +16% (medians): prices rose faster than earnings.
Median price-to-sales is +39% vs the whole market, against a usual +3%.
Aug 2019Shaded: most expensive fifth of its range2026
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since Aug 2019; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2023
FY 2024
FY 2025
Change
Gross margin
75.5%
73.2%
73.5%
▲ 0.2 pts
Net margin
-11.2%
-28.4%
-1.1%
▲ 27 pts
Return on assets (ROA)
-2.1%
-5.2%
-0.2%
▲ 4.9 pts
Return on equity (ROE)
-7.2%
-26.1%
-1.1%
▲ 25 pts
Free cash flow margin
12.6%
1.9%
7.9%
▲ 6.0 pts
Current ratio
0.73×
0.68×
0.55×
▼ 19%
Debt to equity
2.05×
2.12×
1.91×
▼ 9.9%
SMC price history
Price history is added with the daily price update and will appear after the next one.