Summit Midstream Corporation (SMC)Energy | Oil & Gas Midstream | Houston, United States | NYSE
28.95 USD
+0.03
(0.104%)
⇧
(April 21, 2026, 1:31 p.m.
EDT)
Short-term: ★☆☆☆☆ | Long-term: ★☆☆☆☆ | Dividends: ☆☆☆☆☆ |
Hot Take | April 18, 2026, 10:19 p.m. EDT
This is a distressed asset trade driven by activist interference, not organic operational growth. The massive put accumulation at the $22.50 strike is a screaming signal of capital positioning for a material discount to current levels, likely targeting a $10.5B valuation floor set by large shareholders. With negative margins, a payout ratio of zero (no dividends), and an active board shake-up, SMC is not a buy-and-hold play; it is a high-conviction short to restructure play. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.035028 |
| AutoETS | 0.052161 |
| AutoARIMA | 0.069716 |
| MSTL | 0.074377 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 45% |
| H-stat | 7.84 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.565 |
| Excess Kurtosis | -0.74 |
| Attribute | Value |
|---|---|
| Sector | Energy |
| Ex Dividend Date | 2020-02-05 |
| Last Dividend Date | 2020-02-05 |
| Debt to Equity Ratio | 96.844 |
| Revenue per Share | 46.405 |
| Market Cap | 400,070,816 |
| Forward P/E | 30.16 |
| Beta | 0.86 |
| Profit Margins | -3.48% |
| Website | https://www.summitmidstream.com |
As of April 18, 2026, 10:19 p.m. EDT: Speculative positioning is heavily skewed toward a downside move to $22.50 by the end of June, evidenced by massive Open Interest (OI at 87 contracts) relative to volume (18 contracts) on that strike. Conversely, calls at the current price (~$30) show significant activity but lack similar directional conviction as mid-2025 OI percentages are extremely low (0.98%). The extremes in Implied Volatility (IV) suggest market pricing is skewed: Puts are extremely cheap (0.35) while near-term calls show standard IV, hinting at a 'earnings play' on the downside or a negative restructure for the fund majors (Tailwater/Connect).
| Date | Dividend | Yield % |
|---|---|---|
| 2020-02-06 | 1.875 | 4.325260 |
| 2019-11-06 | 4.320 | 6.276949 |
| 2019-08-06 | 4.320 | 4.581986 |
| 2019-05-07 | 4.320 | 3.788536 |
| 2019-02-06 | 8.625 | 5.237486 |
| 2018-11-06 | 8.625 | 4.689654 |
| 2018-08-06 | 8.625 | 4.359103 |
| 2018-05-07 | 8.625 | 5.403297 |
| 2018-02-06 | 8.625 | 3.655873 |
| 2017-11-06 | 8.625 | 4.021820 |
| 2017-08-03 | 8.625 | 3.785114 |
| 2017-05-04 | 8.625 | 3.800807 |
| 2017-02-03 | 8.625 | 3.787417 |
| 2016-11-03 | 8.625 | 4.328619 |
| 2016-08-03 | 8.625 | 4.288079 |
| 2016-05-04 | 8.625 | 4.689617 |
| 2016-02-03 | 8.625 | 5.919892 |
| 2015-11-04 | 8.625 | 5.299635 |
| 2015-08-05 | 8.550 | 3.805165 |
| 2015-05-06 | 8.475 | 3.200030 |
| 2015-02-04 | 8.400 | 2.689371 |
| 2014-11-05 | 8.100 | 2.271118 |
| 2014-08-05 | 7.800 | 2.068959 |
| 2014-05-06 | 7.500 | 2.179213 |
| 2014-02-05 | 7.200 | 2.530040 |
| 2013-11-05 | 6.900 | 2.744595 |
| 2013-08-05 | 6.525 | 2.582610 |
| 2013-05-06 | 6.300 | 3.122371 |
| 2013-02-05 | 6.150 | 4.015380 |
| Attribute | Value |
|---|---|
| 52 Week Change | 0.007314563 |
| Address1 | 910 Louisiana Street |
| Address2 | Suite 4200 |
| All Time High | 847.35 |
| All Time Low | 7.5 |
| Ask | 29.01 |
| Ask Size | 200 |
| Audit Risk | 6 |
| Average Daily Volume10 Day | 46,580 |
| Average Daily Volume3 Month | 66,575 |
| Average Volume | 66,575 |
| Average Volume10Days | 46,580 |
| Beta | 0.857 |
| Bid | 28.89 |
| Bid Size | 200 |
| Board Risk | 8 |
| Book Value | 35.533 |
| City | Houston |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 2 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 28.95 |
| Current Ratio | 0.548 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,774,915,200 |
| Day High | 29.38 |
| Day Low | 28.9 |
| Debt To Equity | 96.844 |
| Display Name | Summit Midstream |
| Dividend Date | 1,604,966,400 |
| Earnings Call Timestamp End | 1,773,756,000 |
| Earnings Call Timestamp Start | 1,773,756,000 |
| Earnings Timestamp | 1,773,691,200 |
| Earnings Timestamp End | 1,778,184,000 |
| Earnings Timestamp Start | 1,778,184,000 |
| Ebitda | 203,732,992 |
| Ebitda Margins | 0.36185002 |
| Enterprise To Ebitda | 10.092 |
| Enterprise To Revenue | 3.652 |
| Enterprise Value | 2,056,157,184 |
| Eps Current Year | -1.09 |
| Eps Forward | 0.96 |
| Eps Trailing Twelve Months | -1.61 |
| 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 | 30.0968 |
| Fifty Day Average Change | -1.1467991 |
| Fifty Day Average Change Percent | -0.03810369 |
| Fifty Two Week Change Percent | 0.7314563 |
| Fifty Two Week High | 33.5 |
| Fifty Two Week High Change | -4.549999 |
| Fifty Two Week High Change Percent | -0.13582087 |
| Fifty Two Week Low | 19.13 |
| Fifty Two Week Low Change | 9.820002 |
| Fifty Two Week Low Change Percent | 0.51333 |
| Fifty Two Week Range | 19.13 - 33.5 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,348,839,000,000 |
| Five Year Avg Dividend Yield | 27.22 |
| Float Shares | 2,003,746 |
| Forward Eps | 0.96 |
| Forward P E | 30.156252 |
| Free Cashflow | 25,004,000 |
| Full Exchange Name | NYSE |
| Full Time Employees | 296 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,775,001,600 |
| Gross Margins | 0.47022998 |
| Gross Profits | 264,751,008 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.29830998 |
| Held Percent Institutions | 0.42887002 |
| Implied Shares Outstanding | 13,819,372 |
| Industry | Oil & Gas Midstream |
| Industry Disp | Oil & Gas Midstream |
| Industry Key | oil-gas-midstream |
| Is Earnings Date Estimate | 1 |
| 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 | 400,070,816 |
| Market State | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_62670872 |
| Most Recent Quarter | 1,767,139,200 |
| Net Income To Common | -19,569,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 399,656,238 |
| Number Of Analyst Opinions | 1 |
| Open | 28.67 |
| Operating Cashflow | 133,595,000 |
| Operating Margins | 0.13128 |
| Overall Risk | 8 |
| Payout Ratio | 0.0 |
| Phone | 832 413 4770 |
| Previous Close | 28.92 |
| Price Eps Current Year | -26.559633 |
| Price Hint | 2 |
| Price To Book | 0.8147356 |
| Price To Sales Trailing12 Months | 0.7105688 |
| Profit Margins | -0.034760002 |
| Quick Ratio | 0.447 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | 0.030000687 |
| Regular Market Change Percent | 0.10373681 |
| Regular Market Day High | 29.38 |
| Regular Market Day Low | 28.9 |
| Regular Market Day Range | 28.9 - 29.38 |
| Regular Market Open | 28.67 |
| Regular Market Previous Close | 28.92 |
| Regular Market Price | 28.95 |
| Regular Market Time | 1,776,792,705 |
| Regular Market Volume | 5,404 |
| Return On Assets | 0.023340002 |
| Return On Equity | -0.02781 |
| Revenue Growth | 0.405 |
| Revenue Per Share | 46.405 |
| Sand P52 Week Change | 0.34445214 |
| Sector | Energy |
| Sector Disp | Energy |
| Sector Key | energy |
| Share Holder Rights Risk | 10 |
| Shares Outstanding | 13,819,372 |
| Shares Percent Shares Out | 0.013300001 |
| Shares Short | 182,969 |
| Shares Short Previous Month Date | 1,772,150,400 |
| Shares Short Prior Month | 189,322 |
| Short Name | Summit Midstream Corporation |
| Short Percent Of Float | 0.0273 |
| Short Ratio | 1.76 |
| Source Interval | 15 |
| State | TX |
| Symbol | SMC |
| Target High Price | 46.0 |
| Target Low Price | 46.0 |
| Target Mean Price | 46.0 |
| Target Median Price | 46.0 |
| Total Cash | 9,274,000 |
| Total Cash Per Share | 0.745 |
| Total Debt | 1,053,520,000 |
| Total Revenue | 563,028,992 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -1.61 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 25.5945 |
| Two Hundred Day Average Change | 3.3555012 |
| Two Hundred Day Average Change Percent | 0.13110243 |
| Type Disp | Equity |
| Volume | 5,404 |
| Website | https://www.summitmidstream.com |
| Zip | 77,002 |