Summit Midstream (SMC) Financial Statements & Analysis

Summit Midstream (SMC) Income Statement

Summit Midstream reported revenue of $562.09M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 30.8% from $429.62M a year earlier. Summit Midstream posted a net loss of $1.91M, compared with a net loss of $113.17M a year earlier. Gross margin was 26.6% and operating margin 15.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $155.01M, up 10.6% from the same quarter a year earlier.

Summit Midstream Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Summit Midstream Corporation income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Revenue & Gross Profit
Revenue	562.09	429.62	459.84	369.59	400.62	383.47	444.75
Cost of Revenue	412.44	316.61	213.20	280.03	275.22	240.82	162.16
Gross Profit	149.65	113.01	346.44	89.56	125.40	142.66	282.59
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	61.02	55.56	42.14	44.94	58.17	73.44	50.99
Operating Expenses	61.02	55.56	270.35	44.94	58.17	73.44	583.12
Operating Income	88.64	57.45	76.10	44.62	67.23	69.22	120.02
Other Income/Expense
Interest Income	0.00	0.00	33.83	0.00	0.00	0.00	0.00
Interest Expense	94.74	115.45	-140.78	102.46	66.16	78.89	91.97
Other Income/Expense	-91.04	-23.94	-115.24	-83.44	-29.23	119.71	-507.57
Income
Income Before Tax	-2.41	33.50	-62.77	-141.28	-28.16	188.93	-392.50
Income Tax Expense	-0.50	146.68	0.32	0.33	-0.33	-0.15	1.23
Net Income	-1.91	-113.18	-63.09	-123.46	-19.95	192.35	-213.01
Net Income - Continuous Operations	-1.91	-113.18	-38.95	-123.46	-19.95	192.35	-213.01
Net Income - Discontinued Operations	-	-	-	-	-	-	-
EBITDA	207.43	250.54	204.50	81.18	158.00	375.63	231.60
EBIT	92.33	57.45	80.80	-38.82	38.00	78.32	-
Depreciation & Amortization	115.10	101.59	123.70	119.99	120.00	119.07	111.57
Earnings Per Share
Basic EPS	-2.00	-13.00	-6.00	-13.00	-7.00	73.00	-39.00
Diluted EPS	-2.00	-13.00	-6.00	-13.00	-7.00	56.00	-39.00
Basic Shares Outstanding	12.13	10.60	10.33	10.05	6.74	3.59	5.49
Diluted Shares Outstanding	12.13	10.60	10.33	10.05	6.74	4.71	5.49

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Summit Midstream Financial Statements

What was Summit Midstream's revenue in fiscal 2025?

Summit Midstream reported revenue of $562.09M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 30.8% from $429.62M a year earlier.

Is Summit Midstream profitable?

No. Summit Midstream reported a net loss of $1.91M in fiscal 2025. In fiscal 2024 it lost $113.17M.

What is Summit Midstream's operating margin?

Summit Midstream's operating income was $88.64M on revenue of $562.09M in fiscal 2025, an operating margin of 15.8%, compared with 13.4% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition