Summit Midstream Corporation (SMC)Energy | Oil & Gas Midstream | Houston, United States | NYSE
34.08 USD
+0.19
(0.561%)
⇧
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 35.05 +0.97 (2.846%) ⇧ (Aug. 28, 2026, 7:59 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 5:23 a.m. EDT
The investment case for Summit Midstream is currently bifurcated between aggressive speculation and deteriorating fundamentals. On the short end, the market is screaming 'buy,' evidenced by a massive disconnect where option buyers are aggressively positioning deep in-the-money calls while ignoring downside protection entirely. This suggests traders believe the stock will rebound from its lows, perhaps driven by the recent equity issuance and buyback program intended to stabilize the balance sheet. However, the long-term picture is starkly different. The company is trapped in a value trap with negative earnings, negative free cash flow, and a return on equity that is deeply negative. The price history confirms this structural decline, showing a catastrophic drop of over 94% over the last nine years, with the most recent annual performance also in the red. While the valuation metrics like P/B look attractive on paper, they reflect a business that is currently destroying capital rather than generating it. The lack of any dividend history further underscores the inability to return cash to shareholders. Until the turnaround in profitability is proven sustained, this remains a high-risk speculative vehicle rather than a viable long-term holding. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.021311 |
| AutoTheta | 0.021390 |
| MSTL | 0.025497 |
| AutoARIMA | 0.028906 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 47% |
| H-stat | 1.17 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.476 |
| Excess Kurtosis | -0.82 |
| Attribute | Value |
|---|---|
| Sector | Energy |
| Ex Dividend Date | 2020-02-05 |
| Last Dividend Date | 2020-02-05 |
| Debt to Equity Ratio | 134.911 |
| Revenue per Share | 46.124 |
| Market Cap | 469,745,728 |
| Forward P/E | -14.50 |
| Beta | 0.73 |
| Profit Margins | -3.55% |
| Website | https://www.summitmidstream.com |
As of Aug. 22, 2026, 5:23 a.m. EDT: Speculators are overwhelmingly bullish, positioning heavy call volume and open interest at strikes significantly below the current price (deep ITM), while put activity is virtually non-existent. This indicates a strong speculative bet on a recovery or a 'buy the dip' thesis, despite the lack of hedging protection.
| Date | Dividend | Yield % |
|---|---|---|
| 2020-02-06 | 1.875 | 4.325260 |
| 2019-11-06 | 4.320 | 6.037736 |
| 2019-08-06 | 4.320 | 4.167873 |
| 2019-05-07 | 4.320 | 3.314154 |
| 2019-02-06 | 8.625 | 4.423077 |
| 2018-11-06 | 8.625 | 3.797886 |
| 2018-08-06 | 8.625 | 3.402367 |
| 2018-05-07 | 8.625 | 4.078014 |
| 2018-02-06 | 8.625 | 2.649770 |
| 2017-11-06 | 8.625 | 2.839506 |
| 2017-08-03 | 8.625 | 2.595937 |
| 2017-05-04 | 8.625 | 2.544248 |
| 2017-02-03 | 8.625 | 2.473118 |
| 2016-11-03 | 8.625 | 2.757794 |
| 2016-08-03 | 8.625 | 2.659575 |
| 2016-05-04 | 8.625 | 2.831118 |
| 2016-02-03 | 8.625 | 3.474320 |
| 2015-11-04 | 8.625 | 3.013627 |
| 2015-08-05 | 8.550 | 2.104097 |
| 2015-05-06 | 8.475 | 1.734193 |
| 2015-02-04 | 8.400 | 1.432958 |
| 2014-11-05 | 8.100 | 1.193106 |
| 2014-08-05 | 7.800 | 1.073936 |
| 2014-05-06 | 7.500 | 1.119319 |
| 2014-02-05 | 7.200 | 1.285141 |
| 2013-11-05 | 6.900 | 1.376421 |
| 2013-08-05 | 6.525 | 1.277533 |
| 2013-05-06 | 6.300 | 1.525054 |
| 2013-02-05 | 6.150 | 1.931229 |
| Attribute | Value |
|---|---|
| 52 Week Change | 0.5163311 |
| Address1 | 910 Louisiana Street |
| Address2 | Suite 4200 |
| All Time High | 847.35 |
| All Time Low | 7.5 |
| Ask | 34.99 |
| Ask Size | 100 |
| Audit Risk | 7 |
| Average Daily Volume10 Day | 41,180 |
| Average Daily Volume3 Month | 57,490 |
| Average Volume | 57,490 |
| Average Volume10Days | 41,180 |
| Beta | 0.729 |
| Bid | 22.8 |
| Bid Size | 100 |
| Board Risk | 8 |
| Book Value | 38.486 |
| City | Houston |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 9 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 34.08 |
| Current Ratio | 0.944 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 34.45 |
| Day Low | 33.5 |
| Debt To Equity | 134.911 |
| Display Name | Summit Midstream |
| Dividend Date | 1,604,966,400 |
| Earnings Call Timestamp End | 1,786,456,800 |
| Earnings Call Timestamp Start | 1,786,456,800 |
| Earnings Timestamp | 1,786,392,000 |
| Earnings Timestamp End | 1,794,254,400 |
| Earnings Timestamp Start | 1,794,254,400 |
| Ebitda | 201,652,992 |
| Ebitda Margins | 0.34514 |
| Enterprise To Ebitda | 10.28 |
| Enterprise To Revenue | 3.548 |
| Enterprise Value | 2,073,085,696 |
| Eps Current Year | -1.6 |
| Eps Forward | -2.35 |
| Eps Trailing Twelve Months | -1.07 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,580,947,200 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 31.1564 |
| Fifty Day Average Change | 2.9236012 |
| Fifty Day Average Change Percent | 0.09383629 |
| Fifty Two Week Change Percent | 51.633106 |
| Fifty Two Week High | 36.47 |
| Fifty Two Week High Change | -2.3899994 |
| Fifty Two Week High Change Percent | -0.065533295 |
| Fifty Two Week Low | 19.83 |
| Fifty Two Week Low Change | 14.250002 |
| Fifty Two Week Low Change Percent | 0.71860826 |
| Fifty Two Week Range | 19.83 - 36.47 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,348,839,000,000 |
| Five Year Avg Dividend Yield | 27.22 |
| Float Shares | 2,202,622 |
| Forward Eps | -2.35 |
| Forward P E | -14.502129 |
| Free Cashflow | -3,568,875 |
| Full Exchange Name | NYSE |
| Full Time Employees | 296 |
| Fullday Change | 0.190002 |
| Fullday Change Percent | 0.560645 |
| Fullday Price | 35.05 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,785,542,400 |
| Gross Margins | 0.45119 |
| Gross Profits | 263,618,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.2989 |
| Held Percent Institutions | 0.42236 |
| Implied Shares Outstanding | 13,783,618 |
| Industry | Oil & Gas Midstream |
| Industry Disp | Oil & Gas Midstream |
| Industry Key | oil-gas-midstream |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Dividend Date | 1,580,947,200 |
| Last Dividend Value | 1.875 |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,604,966,400 |
| Last Split Factor | 1:15 |
| Long Business Summary | Summit Midstream Corporation owns, develops, and operates midstream energy infrastructure assets primarily shale formations in the continental United States. It operates through Rockies, Permian, Piceance, Mid-Con, and Northeast segments. The company owns, develops, and operates natural gas, crude oil, produced water gathering systems, and transmission pipelines. It serves natural gas and crude oil producers. Summit Midstream Corporation was founded in 2009 and is based in Houston, Texas. |
| Long Name | Summit Midstream Corporation |
| Market | us_market |
| Market Cap | 469,745,728 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_62670872 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | -13,342,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 467,126,814 |
| Number Of Analyst Opinions | 2 |
| Open | 33.64 |
| Operating Cashflow | 131,154,000 |
| Operating Margins | 0.16494 |
| Overall Risk | 9 |
| Payout Ratio | 0.0 |
| Phone | 832 413 4770 |
| Post Market Change | 0.9699974 |
| Post Market Change Percent | 2.8462365 |
| Post Market Price | 35.05 |
| Post Market Time | 1,787,961,561 |
| Previous Close | 33.89 |
| Price Eps Current Year | -21.300001 |
| Price Hint | 2 |
| Price To Book | 0.8855169 |
| Price To Sales Trailing12 Months | 0.8039874 |
| Profit Margins | -0.035469998 |
| Quick Ratio | 0.82 |
| Quote Source Name | Delayed Quote |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | 0.190002 |
| Regular Market Change Percent | 0.560645 |
| Regular Market Day High | 34.45 |
| Regular Market Day Low | 33.5 |
| Regular Market Day Range | 33.5 - 34.45 |
| Regular Market Open | 33.64 |
| Regular Market Previous Close | 33.89 |
| Regular Market Price | 34.08 |
| Regular Market Time | 1,787,947,202 |
| Regular Market Volume | 26,967 |
| Return On Assets | 0.023699999 |
| Return On Equity | -0.029189998 |
| Revenue Growth | 0.106 |
| Revenue Per Share | 46.124 |
| Sand P52 Week Change | 0.20504117 |
| Sector | Energy |
| Sector Disp | Energy |
| Sector Key | energy |
| Share Holder Rights Risk | 10 |
| Shares Outstanding | 13,783,618 |
| Shares Percent Shares Out | 0.0198 |
| Shares Short | 272,923 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 234,151 |
| Short Name | Summit Midstream Corporation |
| Short Percent Of Float | 0.0299 |
| Short Ratio | 5.16 |
| Source Interval | 15 |
| State | TX |
| Symbol | SMC |
| Target High Price | 51.0 |
| Target Low Price | 43.0 |
| Target Mean Price | 47.0 |
| Target Median Price | 47.0 |
| Total Cash | 20,967,000 |
| Total Cash Per Share | 1.521 |
| Total Debt | 1,239,648,000 |
| Total Revenue | 584,270,016 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -1.07 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 29.24 |
| Two Hundred Day Average Change | 4.840002 |
| Two Hundred Day Average Change Percent | 0.16552675 |
| Type Disp | Equity |
| Volume | 26,967 |
| Website | https://www.summitmidstream.com |
| Zip | 77,002 |