5740NYSE: SMC

Profile

Sector:

Energy

Country:

United States

IPO:

22 February 2010

Next earnings report:

01 November 2024

Last dividends:

06 February 2020

Next dividends:

N/A
$374.94 M
-9%vs. 3y high
25%vs. sector
-9%vs. 3y high
15%vs. sector
-8%vs. 3y high
10%vs. sector
-10%vs. 3y high
33%vs. sector

Price

regular market | Wed, 30 Oct 2024 13:30:00 GMT
$35.21+$0.80(+2.32%)

Dividend

No data over the past 3 years
$101.31 M-$23.78 M

Analysts recommendations

Institutional Ownership

Included in screeners

No data

SMC Latest News

Summit Midstream Corporation: Many Tailwinds Are Now In Play
seekingalpha.com03 October 2024 Sentiment: POSITIVE

Summit Midstream Partners' acquisition of Tall Oak Midstream for $450M is set to boost EBITDA and cash flow, enhancing shareholder returns. Tensions in the Middle East and potential oil & gas price increases make Summit's domestic focus and balanced oil-gas exposure attractive. Summit's favorable valuation, with P/E and cash flow ratios significantly lower than the sector average, presents a strong investment opportunity.

Summit Midstream Corporation Announces Transformative Acquisition of Tall Oak Midstream III in the Arkoma Basin
prnewswire.com01 October 2024 Sentiment: POSITIVE

HOUSTON , Oct. 1, 2024 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today that it and its wholly owned subsidiary, Summit Midstream Partners, LP (the "Partnership"), have entered into definitive agreements to acquire Tall Oak Midstream Operating, LLC and its subsidiaries (collectively, "Tall Oak" or "Tall Oak Midstream III") from an affiliate of Tailwater Capital LLC ("Tailwater Capital") for a mix of cash and equity consideration. This strategic acquisition marks a significant milestone in Summit's growth strategy, increasing scale in a credit and value accretive manner.

What type of business is 5740?

Summit Midstream Corporation focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. It operates natural gas, crude oil, and produced water gathering systems in four unconventional resource basins, including the Williston Basin in North Dakota, which includes the Bakken and Three Forks shale formations; the Denver-Julesburg Basin that consists of the Niobrara and Codell shale formations in Colorado and Wyoming; the Fort Worth Basin in Texas, which comprises the Barnett Shale formation; and the Piceance Basin in Colorado, which includes the Mesaverde formation, as well as the emerging Mancos and Niobrara Shale formations. It serves natural gas and crude oil producers. Summit Midstream Corporation was founded in 2012 and is based in Houston, Texas.

What sector is 5740 in?

5740 is in the Energy sector

What industry is 5740 in?

5740 is in the Oil & Gas Midstream industry

What country is 5740 from?

5740 is headquartered in United States

When did 5740 go public?

5740 initial public offering (IPO) was on 22 February 2010

What is 5740 website?

https://www.summitmidstream.com

Is 5740 in the S&P 500?

No, 5740 is not included in the S&P 500 index

Is 5740 in the NASDAQ 100?

No, 5740 is not included in the NASDAQ 100 index

Is 5740 in the Dow Jones?

No, 5740 is not included in the Dow Jones index

When was 5740 the previous earnings report?

No data

When does 5740 earnings report?

The next expected earnings date for 5740 is 01 November 2024