27.96
+3.06%
Close of 9 Nov 2026, in USD
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About Summit Midstream
From its filings with the US Securities and Exchange Commission
Summit Midstream is based in Houston, Texas and is incorporated in Delaware. Its shares trade on NYSE under the ticker SMC. The SEC classifies its business as natural gas transmission. In the fiscal year to 31 December 2025, it reported revenue of $562.1m and a net loss of $5.9m. At that date it held total assets of $2.39bn and shareholders' equity of $546.2m.
Summit Midstream Corporation, a Delaware corporation (including its subsidiaries, collectively, “we”, “our”, “us”, “SMC”, or “the Company”), is a value-driven company focused on developing, owning and operating midstream energy infrastructure assets that are strategically located in the core producing areas of unconventional resource basins, primarily shale formations, in the continental United States. The Company’s business activities are primarily conducted through various operating subsidiaries, each of which is owned or controlled by its subsidiary holding company, Summit Holdings.
The Company’s executive offices are located at 910 Louisiana Street, Suite 4200, Houston, Texas 77002, and can be reached by phone at 832-413-4770. The Company also maintains regional field offices in close proximity to its areas of operation to support the operation and development of the Company’s midstream assets.
The following is a brief listing of significant developments and highlights for the year ended December 31, 2025, and up through the filing date of this Form 10-K. Additional information regarding these items may be found elsewhere in this Annual Report.
Quoted from its 10-K, filed 16 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Energy
- Industry
- Oil, Gas & Consumable Fuels
- Listed since
- 1 Aug 2024
- Employees
- 296
- Website
- summitmidstream.com ↗
- Head office
- 910 LOUISIANA STREET, SUITE 4200, HOUSTON, TX, 77002
- Incorporated in
- DE
- Classification
- Natural Gas Transmission
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. J. Heath DenekeChairman of the Board, President, Chief Executive Officer of General Partner, since 2019$3.8m
- Mr. William MaultExecutive Vice President, Chief Financial Officer of General Partner$1.3m
- Mr. James JohnstonExecutive Vice President, Chief Compliance Officer, General Counsel, Secretary of the General Partner$1.8m
- Mr. Matthew SicinskiSenior Vice President, Chief Accounting Officer of General Partner
- Mr. James ClearyLead Independent Director of General Partner$210,569
- Mr. James Lee JacobeIndependent Director of General Partner$201,569
- Mr. Robert McnallyIndependent Director of General Partner$186,569
- Mr. Rommel OatesIndependent Director of General Partner$183,569
- Mr. Jerry PetersIndependent Director of General Partner$203,569
- Ms. Marguerite Woung-ChapmanIndependent Director of General Partner$198,569
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Summit Midstream Corp operates in the Energy sector with 296 employees in Houston, Texas.
- The company provides natural gas and crude oil services across four key basins including Permian and Barnett.
- Summit Midstream Corporation focuses on long-term fee-based agreements with customers in unconventional resource basins.
Weaknesses
- Summit Midstream Corp has 244 full-time employees, which is lower than industry averages for similar companies.
- The company's IPO on 1 August 2024 indicates recent market entry with limited historical performance data.
- Summit Midstream Corporation's operations are concentrated in the continental United States, limiting international diversification.
Opportunities
- Summit Midstream Corp can expand its services in the Rockies and Piceance basins with growing shale production.
- The Permian Basin offers significant growth potential for natural gas and crude oil infrastructure development.
- Summit Midstream Corporation may leverage its fee-based agreements to secure long-term contracts in expanding shale formations.
Threats
- Summit Midstream Corp faces competition from established players in the Rockies and Permian basins.
- Regulatory changes in the US Energy sector could impact fee-based agreements and infrastructure operations.
- The company's reliance on shale formations makes it vulnerable to fluctuations in oil and gas prices.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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