Financial insights of SMC

MyFinsight

For the quarter ending 2025-09-30, SMC made $146,883K in revenue. -$1,578K in net income. Net profit margin of -1.07%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2025-09-30	2025-03-31	2024-09-30
Total revenues	146,883	132,697	102,415
Cost of natural gas and ngls	38,138	35,434	28,246
Operation and maintenance	38,358	33,530	24,473
General and administrative	13,159	16,600	12,419
Depreciation and amortization	28,855	28,517	23,540
Transaction costs	1,429	2,793	2,094
Acquisition integration costs	1,661	1,244	-
(gain) loss on asset sales, net	-120	-	6
Long-lived asset impairments	0	-	-
Total costs and expenses	121,720	118,118	90,766
Interest expense	-	-	25,712
Other income (expense), net	-575	9,057	666
Gain (loss) on interest rate swaps	131	-966	-2,574
Gain (loss) on sale of business	-539	-43	-1,672
Gain on sale of equity method investment	0	-	-
Interest expense	24,191	22,537	-
Loss on early extinguishment of debt	0	-	-42,235
Income from equity method investees	5,548	4,840	4,910
Income (loss) before income taxes	5,537	4,930	-54,968
Income tax expense	537	296	142,573
Net income (loss)	5,000	4,634	-197,541
Less net income attributable to subsidiary series a preferred units	3,769	3,592	4,007
Net income (loss) attributable to summit midstream corporation	-	-	-201,548
Less net income attributable to series a preferred stock	3,365	3,918	3,393
Add net loss attributable to noncontrolling interest in smlp	-556	-989	-
Net loss attributable to summit midstream corporation	-1,578	-1,887	-204,941

Common stock basic (in dollars per share)	-0.13	-0.16	-19.25
Common stock basic (in shares)	12,255,000	11,767,000	10,649,000
Common stock diluted (in dollars per share)	-0.13	-0.16	-19.25
Common stock diluted (in shares)	12,255,000	11,767,000	10,649,000