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Summit Midstream Corporation

SMC Utilities Natural Gas Distribution
$31.02
▲ +1.2% Today
as of Oct 23, 11:51 ET
Last 30 days -9.10% Sep 14 → Oct 23
$29.66 $30.82 $31.98 $33.13 $34.29 Sep 14 Sep 22 Sep 30 Oct 07 Oct 15 Oct 23
Open
$30.48
High
$30.75
Low
$29.18
Volume
$202,504
Avg Vol
$68,045
Mkt Cap
$622M
P/E (TTM)
—
Beta
—
52w High
$36.47
52w Low
$20.80
Div Yield
—
Shares Out
—

Recent Press Releases & News last 60 days · 3 items

Sep 1 · 10:37 Offshore Technology
Summit Midstream makes FID on Double E Pipeline mainline expansion
Aug 31 · 11:40 MT Newswires
Summit Midstream Makes Final Investment Decision on Expanding Double E Pipeline's Mainline Compression
Aug 31 · 11:00 PR PR Newswire
Summit Midstream Corporation Announces Final Investment Decision on Double E Pipeline Mainline Compression Expansion

SMC earnings at a glance

The options market is pricing a move of about ±17.4% after the report, a range of roughly $25.61 to $36.43 from today's $31.02. Over its last 1 reports the stock rose the next day 1 time and fell 0, moving ±0.1% on average; after the most recent report on May 11, 2026 it moved +0.1%. That means options currently expect more movement than SMC has typically delivered. SMC beat the consensus EPS estimate in 1 of its last 1 reported quarters. Implied volatility is currently 148%. The share price of $31.02 sits in the middle of its 52-week range.

More Utilities stocks · All stocks · Earnings calendar

Overview

52-week range
$21
$36
65% of range
Avg surprise (last 1)
+12.2%
Avg reaction (last 1)
+0.1%
100% positive
Latest IV / EM
148%
EM ±17.4% · $35 · Oct 16

Earnings trends

EPS — actual vs estimate Actual Estimate
$-19.25$-11.57$-3.89$3.79$11.47 Actual $-0.27Actual $11.47Actual $-2.91Actual $-19.25Actual $-0.16Actual $-0.66Actual $-0.13Actual $-0.43Est $-0.49Actual $0.11 SepMarJunSepMarJun/2025Sep/2025Mar/2026Jun
Revenue vs Net Income Revenue Net income
$-205M$-113M$-21M$71M$163M Sep 24Mar 25Jun 25Sep 25Mar 26Jun 26

Earnings history

DatePeriodActual EPSEstSurpriseYoY %ΔDay reactSource
Tue Jun 30, 2026Jun 2026 $0.11 — — — — financials
Mon May 11, 2026Mar/2026 $-0.43 $-0.49 +12.2% — +0.1% earnings
Mon Nov 10, 2025Sep/2025 $-0.13 — — — — earnings
Mon Aug 11, 2025Jun/2025 $-0.66 — — — — earnings
Mon Mar 31, 2025Mar 2025 $-0.16 — — — — financials
Mon Sep 30, 2024Sep 2024 $-19.25 — — — — financials
Sun Jun 30, 2024Jun 2024 $-2.91 — — — — financials
Sun Mar 31, 2024Mar 2024 $11.47 — — — — financials
Sat Sep 30, 2023Sep 2023 $-0.27 — — — — financials

Financials

Income statement (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue$155M$139M—$147M$140M$133M—$102M
Cost of revenue$49M$39M—$38M$36M$35M—$28M
Gross profit————————
Operating income————————
Net income$2M$-5M—$-2M$-8M$-2M—$-205M
EPS (diluted)$0.11$-0.43—$-0.13$-0.66$-0.16—$-19.25

Balance sheet (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Cash & equivalents$21M$43M$9M$25M$21M$26M$23M$18M
Inventory————————
Total current assets$124M$130M$97M$112M$116M$120M$118M$214M
Total assets$2.41B$2.41B$2.39B$2.41B$2.42B$2.43B$2.36B$2.00B
Long-term debt$1.24B$1.26B$1.02B$1.07B$1.06B$1.07B$977M$826M
Total liabilities$1.49B$1.49B$1.30B$1.32B$1.33B$1.33B$1.26B$1.22B
Total equity$598M$596M$546M$552M$552M$558M$468M$651M

Implied volatility — last 90 days

19%111%203%295%387% Jun 08 — IV 65% · EM ±8.6%Jun 09 — IV 85% · EM ±10.7%Jun 10 — IV 65% · EM ±7.6%Jun 11 — IV 81% · EM ±8.9%Jun 12 — IV 59% · EM ±6.0%Jun 15 — IV 129% · EM ±9.3%Jun 16 — IV 166% · EM ±9.8%Jun 17 — IV 199% · EM ±8.3%Jun 19 — IV 57% · EM ±12.7%Jun 22 — IV 84% · EM ±17.6%Jun 23 — IV 73% · EM ±15.0%Jun 24 — IV 57% · EM ±11.5%Jun 25 — IV 59% · EM ±11.5%Jun 26 — IV 58% · EM ±11.2%Jun 29 — IV 65% · EM ±11.5%Jun 30 — IV 104% · EM ±17.9%Jul 01 — IV 77% · EM ±12.9%Jul 02 — IV 49% · EM ±7.9%Jul 03 — IV 50% · EM ±7.9%Jul 06 — IV 37% · EM ±5.1%Jul 07 — IV 39% · EM ±5.1%Jul 08 — IV 42% · EM ±5.3%Jul 09 — IV 103% · EM ±12.1%Jul 10 — IV 55% · EM ±6.1%Jul 13 — IV 73% · EM ±6.1%Jul 16 — IV 297% · EM ±12.4%Jul 20 — IV 59% · EM ±13.9%Jul 21 — IV 55% · EM ±12.8%Jul 22 — IV 57% · EM ±13.0%Jul 23 — IV 57% · EM ±12.9%Jul 24 — IV 51% · EM ±11.3%Jul 27 — IV 55% · EM ±11.6%Jul 28 — IV 60% · EM ±12.2%Jul 29 — IV 67% · EM ±13.3%Aug 03 — IV 62% · EM ±10.9%Aug 04 — IV 46% · EM ±7.9%Aug 05 — IV 47% · EM ±7.9%Aug 06 — IV 49% · EM ±7.9%Aug 07 — IV 46% · EM ±7.2%Aug 10 — IV 57% · EM ±7.9%Aug 11 — IV 58% · EM ±7.7%Aug 12 — IV 29% · EM ±3.6%Aug 24 — IV 28% · EM ±5.9%Aug 25 — IV 34% · EM ±6.9%Aug 26 — IV 27% · EM ±5.4%Aug 27 — IV 27% · EM ±5.3%Aug 28 — IV 27% · EM ±5.2%Aug 31 — IV 23% · EM ±4.1%Sep 01 — IV 28% · EM ±4.9%Sep 02 — IV 20% · EM ±3.4%Sep 03 — IV 19% · EM ±3.1%Sep 04 — IV 20% · EM ±3.1%Sep 07 — IV 22% · EM ±3.1%Sep 08 — IV 21% · EM ±2.8%Sep 09 — IV 22% · EM ±2.7%Sep 10 — IV 44% · EM ±5.2%Sep 11 — IV 58% · EM ±6.5%Sep 14 — IV 146% · EM ±12.2%Sep 15 — IV 146% · EM ±10.5%Sep 16 — IV 251% · EM ±14.8%Sep 17 — IV 387% · EM ±16.2%Sep 21 — IV 70% · EM ±14.6%Sep 22 — IV 72% · EM ±14.7%Sep 23 — IV 68% · EM ±13.7%Sep 24 — IV 68% · EM ±13.3%Sep 25 — IV 53% · EM ±10.2%Sep 28 — IV 73% · EM ±12.9%Sep 29 — IV 72% · EM ±12.4%Sep 30 — IV 72% · EM ±12.1%Oct 01 — IV 78% · EM ±12.6%Oct 02 — IV 67% · EM ±10.5%Oct 06 — IV 112% · EM ±14.8%Oct 07 — IV 152% · EM ±19.0%Oct 08 — IV 148% · EM ±17.4%

Sector peers

MNTK
Montauk Renewables, Inc.
$379M $2.12-0.2%
CLNE
Clean Energy Fuels Corp.
$337M $1.41+4.4%
OPAL
OPAL Fuels Inc.
$300M $1.530.0%
NGL
NGL ENERGY PARTNERS LP
$1.9B $15.65+1.2%
DKL
Delek Logistics Partners, L.P.
$3.2B $57.43+1.2%
USAC
USA Compression Partners, LP
$3.7B $25.34+0.7%

SMC earnings FAQ

What is SMC's expected move for earnings?

Options currently price a move of about ±17.4%, or $5.41 per share either way from $31.02.

How does SMC stock usually react to earnings?

Across the last 1 reports the average next-day move was ±0.1%, up 1 times and down 0 times.

What is SMC's implied volatility?

SMC's at-the-money implied volatility is about 148% based on the latest options snapshot.

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