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Financial Analysis

Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data

Fundamentals

Summit Midstream Corp SMC

· Utilities · Natural Gas Transmission

FY2025 10-K, filed 2026-03-16
SEC EDGAR

Filing evidence summary

Mixed evidenceCoverage 3/5 core metrics

Flagged areas: Solvency & liquidity, Dilution.

Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.

Evidence signals

  • 3 filing risk checks flagged

    Flagged areas: Solvency & liquidity, Dilution.

    Why this surfaced

    The full financial analysis shows each value, threshold, and sector limitation.

  • Revenue expanded

    Latest reported annual revenue changed +30.8% from the prior reported annual observation.

    Why this surfaced

    Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.

  • Free cash flow was positive

    Latest reported free cash flow was $45M.

    Why this surfaced

    Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-12-31.

Core trend metrics

Latest annual revenue growth
+30.8%
as of 2025-12-31
Free cash flow
$45M
as of 2025-12-31
Debt / equity
1.91x
as of 2025-12-31

Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.

Where to look next

Risk checks

3of 8 rule-based checks flagged
  • Solvency & liquidity
  • Dilution

Financial movement

  • Cash→ flat
  • Long-term debt→ flat
  • Inventory→ flat
  • Receivables→ flat
  • Current assets→ flat

Source & freshness

Source
SEC EDGAR XBRL
Fetched
2026-09-06
Latest period end
2025-12-31
Filings
EDGAR ↗

Reported segment mix

figures as filed · share of the filed sum · change vs the prior period in the same filing
Fiscal year ending 2025-12-3110-K filed 2026-03-16prior period 2024-12-31 from the same filingView filing
By business segment
Revenue
  • All Other Segments$0
    share n/a
    -100.0% yoy

Members sum to $0 against $562M consolidated (residual $562M) - eliminations or corporate lines the filer did not tag on this axis.

By product or service
Revenue
  • Oil And Condensate$265M
    share n/a
    +35.9% yoy
  • Natural Gas NGL And Condensate Sales$265M
    share n/a
    +35.9% yoy
  • Natural Gas Gathering Transportation Marketing And Processing$256M
    share n/a
    +27.3% yoy
  • Gathering Servicesand Related Fees$256M
    share n/a
    +27.3% yoy
  • Product And Service Other$41.4M
    share n/a
    +22.5% yoy
  • Other Products And Services$41.4M
    share n/a
    +22.5% yoy

member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.

Latest quarter
Quarter ending 2026-03-3110-Q filed 2026-05-11prior period 2025-03-31 from the same filingView filing
  • All Other Segments$0
    share n/a
    no prior

Change is against the same quarter a year earlier, as reported in the same 10-Q.

Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.

Peer percentiles

latest fiscal year ending 2025-12-31 · among 3,997 US-listed filers · 114 in Utilities
MetricValuevs all filersvs sector
Revenue
latest fiscal-year revenue as filed
$562M
46thof 3,301
middle third
24thof 102
bottom third
Revenue growth
latest fiscal-year revenue vs the prior fiscal year
30.8%
85thof 3,137
top third
92ndof 97
top third
Net margin
net income ÷ revenue
-1.1%
40thof 3,263
middle third
15thof 101
bottom third
Free-cash-flow margin
(operating cash flow − |capex|) ÷ revenue
7.9%
60thof 2,679
middle third
79thof 83
top third
Return on equity
net income ÷ stockholders' equity (positive equity only)
-1.1%
41stof 3,576
middle third
18thof 104
bottom third
Stock comp ÷ revenue
stock-based compensation ÷ revenue · lower is ranked higher
1.4%
59thof 2,895
middle third
26thof 67
bottom third
Days sales outstanding
receivables ÷ revenue × 365 · lower is ranked higher
45 days
55thof 2,398
middle third
45thof 84
middle third
Net debt ÷ operating cash flow
net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher
7.8×
15thof 1,546
bottom third
14thof 81
bottom third

Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.

Earnings quality

Not available for SMC yet: Earnings-quality fields arrive with this issuer's next re-crawl (sec_screen_v6)..

Point-in-time ledger

Not available for SMC yet: The point-in-time ledger arrives with this issuer's next re-crawl (sec_screen_v6)..

Notes by disclosure type

Not available for SMC yet: no footnote text blocks on file for this filer in the ingested DERA files.

Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.

Educational content only. Not financial advice. TrendNalysis provides educational and informational financial analysis built from public SEC filings and economic data (FRED, BLS). It is not financial, investment, tax, or legal advice and is not a recommendation to buy or sell any security. Market pricing is not currently included. Past performance does not guarantee future results. Always do your own research and consult a licensed financial professional before investing.