Summit Midstream (SMC) Income Statement: Revenue & Earnings

Summit Midstream Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Summit Midstream Corporation income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Revenue & Gross Profit
Revenue	429.62	459.84	370.53	400.62	383.47	443.53	506.65
Cost of Revenue	316.61	213.20	160.98	275.22	240.82	-63.44	214.76
Gross Profit	113.01	246.64	209.55	125.40	142.66	344.81	291.89
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	55.56	42.14	44.94	58.17	73.44	55.95	52.88
Operating Expenses	55.56	165.84	164.94	177.86	191.52	165.85	149.76
Operating Income	57.45	80.80	44.62	148.59	105.92	178.96	142.14
Other Income/Expense
Interest Income	4.13	1.83	0.00	0.00	0.00	0.00	0.00
Interest Expense	115.45	-140.78	-86.05	66.16	-78.89	0.00	60.54
Other Income/Expense	91.50	-0.39	0.00	8.91	-214.64	336.32	-28.33
Income
Income Before Tax	33.50	-38.63	-123.14	-28.16	177.66	-54.64	53.27
Income Tax Expense	146.68	0.32	0.33	-0.33	-0.15	1.23	0.03
Net Income	-113.18	-38.95	-123.46	-19.95	192.35	-121.01	42.18
Net Income - Continuous Operations	-113.18	-38.95	-123.46	-19.95	0.00	0.00	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	250.54	204.50	164.61	158.00	375.63	36.66	220.57
EBIT	148.95	80.80	44.62	38.00	256.56	30.35	113.81
Depreciation & Amortization	101.59	123.70	119.99	120.00	119.07	0.00	0.00
Earnings Per Share
Basic EPS	-13.00	-6.00	-13.00	-7.00	73.00	-	1.00
Diluted EPS	-13.00	-6.00	-13.00	-7.00	71.00	-	1.00
Basic Shares Outstanding	10.60	10.33	10.05	6.74	3.59	0.00	4.89
Diluted Shares Outstanding	10.60	10.33	10.05	6.74	3.69	0.00	4.91