Summit Midstream (SMC) Company Overview

Profile

Full Name:

Summit Midstream Corporation

Sector:

Energy

Country:

United States

IPO:

February 22, 2010

Indexes:

Not included

Description:

A diversified conglomerate in the Philippines, involved in food and beverage, packaging, fuel and oil, and infrastructure. It is known for its beer, food products, and various investments in different sectors.

Key Details

Price

$42.66

Annual Revenue

$458.90 M(+24.16% YoY)

Annual EPS

-$6.11(+51.93% YoY)

Beta

0.79

Events Calendar

Earnings

Next earnings date:

Mar 14, 2025

Recent quarterly earnings:

Nov 12, 2024

Recent annual earnings:

Mar 15, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Feb 6, 2020
Splits

Next split:

N/A

Recent split:

Nov 10, 2020

Analyst ratings

Recent major analysts updates

No data about analysts updates

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Summit Midstream Corporation Announces Pricing of Offering of $250 Million of Additional 8.625% Senior Secured Second Lien Notes Due 2029
Summit Midstream Corporation Announces Pricing of Offering of $250 Million of Additional 8.625% Senior Secured Second Lien Notes Due 2029
Summit Midstream Corporation Announces Pricing of Offering of $250 Million of Additional 8.625% Senior Secured Second Lien Notes Due 2029
SMC
prnewswire.comJanuary 7, 2025

HOUSTON , Jan. 7, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("SMC" or the "Company") announced today that Summit Midstream Holdings, LLC (the "Issuer"), which is a subsidiary of the Company, has priced the previously announced offering (the "Offering") of $250.0 million in aggregate principal amount of additional 8.625% Senior Secured Second Lien Notes due 2029 (the "Additional Notes") at 103.375% of par, plus accrued and unpaid interest from July 26, 2024 to, but excluding, the issue date. The Additional Notes will be issued under the same indenture as the Issuer's $575.0 million in aggregate principal amount of 8.625% Senior Secured Second Lien Notes due 2029 (the "Existing Notes"), will have substantially identical terms as the Existing Notes, other than the issue date and issue price, and will form a single series and vote together with the Existing Notes.

Summit Midstream Corporation (SMC) Q3 2024 Earnings Call Transcript
Summit Midstream Corporation (SMC) Q3 2024 Earnings Call Transcript
Summit Midstream Corporation (SMC) Q3 2024 Earnings Call Transcript
SMC
seekingalpha.comNovember 12, 2024

Summit Midstream Corporation (NYSE:SMC ) Q3 2024 Earnings Conference Call November 12, 2024 10:00 AM ET Company Participants Randall Burton – Director of Finance and Investor Relations Heath Deneke – President, Chief Executive Officer and Chairman Bill Mault – Chief Financial Officer Conference Call Participants Operator Hello, and welcome to Summit Midstream Corporation Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Summit Midstream Corporation: Many Tailwinds Are Now In Play
Summit Midstream Corporation: Many Tailwinds Are Now In Play
Summit Midstream Corporation: Many Tailwinds Are Now In Play
SMC
seekingalpha.comOctober 3, 2024

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
Summit Midstream Corporation Announces Transformative Acquisition of Tall Oak Midstream III in the Arkoma Basin
Summit Midstream Corporation Announces Transformative Acquisition of Tall Oak Midstream III in the Arkoma Basin
SMC
prnewswire.comOctober 1, 2024

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.

FAQ

  • What is the ticker symbol for Summit Midstream?
  • Does Summit Midstream pay dividends?
  • What sector is Summit Midstream in?
  • What industry is Summit Midstream in?
  • What country is Summit Midstream based in?
  • When did Summit Midstream go public?
  • Is Summit Midstream in the S&P 500?
  • Is Summit Midstream in the NASDAQ 100?
  • Is Summit Midstream in the Dow Jones?
  • When was Summit Midstream's last earnings report?
  • When does Summit Midstream report earnings?
  • Should I buy Summit Midstream stock now?

What is the ticker symbol for Summit Midstream?

The ticker symbol for Summit Midstream is NYSE:SMC

Does Summit Midstream pay dividends?

No, Summit Midstream does not pay dividends

What sector is Summit Midstream in?

Summit Midstream is in the Energy sector

What industry is Summit Midstream in?

Summit Midstream is in the Oil & Gas Midstream industry

What country is Summit Midstream based in?

Summit Midstream is headquartered in United States

When did Summit Midstream go public?

Summit Midstream's initial public offering (IPO) was on February 22, 2010

Is Summit Midstream in the S&P 500?

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

Is Summit Midstream in the NASDAQ 100?

No, Summit Midstream is not included in the NASDAQ 100 index

Is Summit Midstream in the Dow Jones?

No, Summit Midstream is not included in the Dow Jones index

When was Summit Midstream's last earnings report?

Summit Midstream's most recent earnings report was on Nov 12, 2024

When does Summit Midstream report earnings?

The next expected earnings date for Summit Midstream is Mar 14, 2025

Should I buy Summit Midstream stock now?

As of today, analysts generally recommend a 'Hold' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions