For the quarter ending 2026-03-31, SMC made $139,142K in revenue. -$5,295K in net income. Net profit margin of -3.81%.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-03-31 |
|---|---|---|---|---|
| Total revenues | 139,142 | 142,723* | 146,883 | 132,697 |
| Cost of natural gas and ngls | 39,372 | 38,781* | 38,138 | 35,434 |
| Operation and maintenance | 38,217 | 41,487* | 38,358 | 33,530 |
| General and administrative | 17,873 | 16,380* | 13,159 | 16,600 |
| Depreciation and amortization | 26,708 | 28,101* | 28,855 | 28,517 |
| Transaction costs | 222 | -1,433* | 1,429 | 2,793 |
| Acquisition integration costs | 373 | 3,786* | 1,661 | 1,244 |
| Loss on asset sales, net | -29 | -126* | -120 | - |
| Long-lived asset impairment | - | 2,725* | 0 | - |
| Total costs and expenses | 122,794 | 129,952* | 121,720 | 118,118 |
| Other income (expense), net | -590 | -11,940* | -575 | 9,057 |
| Gain on interest rate swaps | -150 | 216* | 131 | -966 |
| Gain on sale of business | 0 | 291* | -539 | -43 |
| Gain on sale of equity method investment | - | 0* | 0 | - |
| Interest expense | - | 24,645* | 24,191 | 22,537 |
| Loss on early extinguishment of debt | - | 0* | 0 | - |
| Interest expense | 25,013 | - | - | - |
| Income from equity method investees | 5,237 | 5,202* | 5,548 | 4,840 |
| Income (loss) before income taxes | -4,168 | -18,106* | 5,537 | 4,930 |
| Income tax benefit (expense) | -1,002 | -1,750* | 537 | 296 |
| Net income (loss) | -3,166 | -16,356* | 5,000 | 4,634 |
| Less net income attributable to subsidiary series a preferred units | 1,930 | 3,822* | 3,769 | 3,592 |
| Less net income attributable to series a preferred stock | 3,113 | 2,707* | 3,365 | 3,918 |
| Add net loss attributable to noncontrolling interest in smlp | -2,914 | -8,513* | -556 | -989 |
| Net loss attributable to summit midstream corporation | -5,295 | -14,371 | -1,578 | -1,887 |
| Basic EPS | -0.43 | -1.161 | -0.13 | -0.16 |
| Diluted EPS | -0.43 | -1.161 | -0.13 | -0.16 |
| Basic Average Shares | 12,329,000 | 12,377,000 | 12,255,000 | 11,767,000 |
| Diluted Average Shares | 12,329,000 | 12,377,000 | 12,255,000 | 11,767,000 |
Summit Midstream Corp (SMC)
Summit Midstream Corp (SMC)