# Summit Midstream Corp: overview

SMC · NYSE · CIK 2024218 · [Utilities](/sectors/utilities.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/smc.md) · [Financials](/companies/smc/financials.md) · [Filings](/companies/smc/filings.md) · [Insiders](/companies/smc/insiders.md)

Latest reported revenue: [$155.0m](/filings/0002024218-26-000087.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 10, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0002024218-26-000087).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [102](/filings/0002024218-25-000069.md) | [107 d](/filings/0002024218-26-000017.md) | [133](/filings/0002024218-26-000069.md) | [140](/filings/0002024218-26-000087.md) | [147](/filings/0002024218-25-000069.md) | [142 d](/filings/0002024218-26-000017.md) | [139](/filings/0002024218-26-000069.md) | [155](/filings/0002024218-26-000087.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [(200.1%)](/filings/0002024218-25-000069.md) | [(11.4%) d](/filings/0002024218-26-000017.md) | [(1.4%)](/filings/0002024218-26-000069.md) | [(5.7%)](/filings/0002024218-26-000087.md) | [(1.1%)](/filings/0002024218-25-000069.md) | [3.9% d](/filings/0002024218-26-000017.md) | [(3.8%)](/filings/0002024218-26-000069.md) | [1.0%](/filings/0002024218-26-000087.md) |
| Diluted EPS | $ per share | [(19.25)](/filings/0002024218-25-000069.md) | not reported | [(0.16)](/filings/0002024218-26-000069.md) | [(0.66)](/filings/0002024218-26-000087.md) | [(0.13)](/filings/0002024218-25-000069.md) | not reported | [(0.43)](/filings/0002024218-26-000069.md) | [0.11](/filings/0002024218-26-000087.md) |
| Free cash flow | $m | [(1.8) d](/filings/0002024218-25-000069.md) | [5.9 d](/filings/0002024218-26-000017.md) | [(4.6)](/filings/0002024218-26-000069.md) | [10.8 d](/filings/0002024218-26-000087.md) | [3.8 d](/filings/0002024218-25-000069.md) | [34.5 d](/filings/0002024218-26-000017.md) | [(12.4)](/filings/0002024218-26-000069.md) | [18.9 d](/filings/0002024218-26-000087.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: |
| Revenue | $m | [459](/filings/0002024218-26-000017.md) | [430](/filings/0002024218-26-000017.md) | [562](/filings/0002024218-26-000017.md) |
| Gross margin | % | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported |
| Net margin | % | [(11.2%)](/filings/0002024218-26-000017.md) | [(28.4%)](/filings/0002024218-26-000017.md) | [(1.1%)](/filings/0002024218-26-000017.md) |
| Diluted EPS | $ per share | [(6.11)](/filings/0002024218-26-000017.md) | [(12.78)](/filings/0002024218-26-000017.md) | [(1.61)](/filings/0002024218-26-000017.md) |
| Free cash flow | $m | [58.0](/filings/0002024218-26-000017.md) | [8.2](/filings/0002024218-26-000017.md) | [44.6](/filings/0002024218-26-000017.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/smc/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $27.6m | 967,503 |  | Reduced −1,896 |
| [Deltroit Asset Management (UK) LLP](/funds/2104766.md) | 2026-06-30 | $23.2m | 815,000 |  | Added +107,944 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $18.8m | 658,624 |  | Added +9,233 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $14.6m | 511,424 |  | Added +5,253 |
| [EAGLE GLOBAL ADVISORS LLC](/funds/1130787.md) | 2026-06-30 | $7.5m | 263,086 |  | Added +36,288 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $7.1m | 247,637 |  | Added +14,615 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $5.3m | 184,546 |  | Added +5,939 |
| [Flat Footed LLC](/funds/1799456.md) | 2026-06-30 | $4.5m | 158,517 |  | Added +34,239 |
| [AMERICAN CENTURY COMPANIES INC](/funds/748054.md) | 2026-06-30 | $4.4m | 155,119 |  | Added +32,698 |
| [CHARLES SCHWAB INVESTMENT MANAGEMENT INC](/funds/884546.md) | 2026-06-30 | $3.5m | 122,853 |  | Reduced −51,472 |

## Recent filings

[All 162 filings](/companies/smc/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-10 | 20:38 ET | [8-K](/filings/0002024218-26-000089.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0002024218-26-000089 |
| 2026-08-10 | 20:35 ET | [10-Q](/filings/0002024218-26-000087.md) | Quarterly report, period 2026-06-30 | 0002024218-26-000087 |
| 2026-06-10 | 21:06 ET | [8-K](/filings/0002024218-26-000081.md) | 7.01 Regulation FD disclosure | 0002024218-26-000081 |
| 2026-06-01 | 20:31 ET | [8-K](/filings/0002024218-26-000078.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0002024218-26-000078 |
| 2026-05-12 | 20:58 ET | [8-K](/filings/0002024218-26-000072.md) | 5.07 Shareholder vote results | 0002024218-26-000072 |
| 2026-05-11 | 20:23 ET | [8-K](/filings/0002024218-26-000070.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0002024218-26-000070 |
| 2026-05-11 | 20:21 ET | [10-Q](/filings/0002024218-26-000069.md) | Quarterly report, period 2026-03-31 | 0002024218-26-000069 |
| 2026-04-10 | 20:35 ET | [DEF 14A](/filings/0001213900-26-042530.md) | Proxy statement, period 2026-05-07 | 0001213900-26-042530 |
| 2026-04-09 | 20:05 ET | [SCHEDULE 13D/A](/filings/0001213900-26-041979.md) | Ownership report, active investor, amended | 0001213900-26-041979 |
| 2026-04-02 | 20:57 ET | [8-K](/filings/0002024218-26-000062.md) | 1.01 Entry into a material agreement; 3.02 Unregistered sale of equity; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0002024218-26-000062 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0002024218-26-000017.md), filed Mar 16, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/76014a02-ce45-49c0-a90d-0a484e5cebae)

## About the filer

- CIK: 2024218
- Tickers: SMC
- Exchange: NYSE
- SIC code: 4922 Natural Gas Transmission
- State of incorporation: DE
- Filer category: Accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:50 ET. No prices; not investment advice.