Summit Midstream Corporation
Summit Midstream Corporation focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. The company operates through Rockies, Permian, Piceance, Mid-Con, and Northeast segments. It owns, develops, and operates natural gas, crude oil, produced water gathering systems, and transmission pipelines. The company serve… Read more
Summit Midstream Corporation (SMC) - Net Assets
Latest net assets as of September 2025: $1.10 Billion USD
Based on the latest financial reports, Summit Midstream Corporation (SMC) has net assets worth $1.10 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.41 Billion) and total liabilities ($1.32 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.10 Billion |
| % of Total Assets | 45.45% |
| Annual Growth Rate | -17.77% |
| 5-Year Change | -4.68% |
| 10-Year Change | N/A |
| Growth Volatility | 25.51 |
Summit Midstream Corporation - Net Assets Trend (2019–2024)
This chart illustrates how Summit Midstream Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Summit Midstream Corporation (2019–2024)
The table below shows the annual net assets of Summit Midstream Corporation from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $965.12 Million | +14.46% |
| 2023-12-31 | $843.22 Million | -4.55% |
| 2022-12-31 | $883.40 Million | -12.59% |
| 2021-12-31 | $1.01 Billion | -0.18% |
| 2020-12-31 | $1.01 Billion | -60.58% |
| 2019-12-31 | $2.57 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Summit Midstream Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 18333300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $181.00K | 0.04% |
| Other Components | $650.94 Million | 139.15% |
| Total Equity | $467.79 Million | 100.00% |
Summit Midstream Corporation Competitors by Market Cap
The table below lists competitors of Summit Midstream Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cemindo Gemilang Tbk PT
JK:CMNT
|
$81.15 Million |
|
INVICTA HLDGS RC-05
F:I5J
|
$81.18 Million |
|
Prospect Resources Ltd
AU:PSC
|
$81.19 Million |
|
MedPacto Inc
KQ:235980
|
$81.20 Million |
|
Kewal Kiran Clothing Limited
NSE:KKCL
|
$81.12 Million |
|
Bastide Le Confort Médical SA
PA:BLC
|
$81.11 Million |
|
Elektrotim SA
WAR:ELT
|
$81.11 Million |
|
F3 Uranium Corp.
OTCQB:FUUFF
|
$81.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Summit Midstream Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 718,563,000 to 467,792,000, a change of -250,771,000 (-34.9%).
- Net loss of 113,175,000 reduced equity.
- Dividend payments of 6,513,000 reduced retained earnings.
- Other factors decreased equity by 131,083,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-113.17 Million | -24.19% |
| Dividends Paid | $6.51 Million | -1.39% |
| Other Changes | $-131.08 Million | -28.02% |
| Total Change | $- | -34.90% |
Book Value vs Market Value Analysis
This analysis compares Summit Midstream Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.70x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.28x to 0.70x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $109.12 | $30.73 | x |
| 2020-12-31 | $214.98 | $30.73 | x |
| 2021-12-31 | $134.16 | $30.73 | x |
| 2022-12-31 | $76.12 | $30.73 | x |
| 2023-12-31 | $69.53 | $30.73 | x |
| 2024-12-31 | $44.13 | $30.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Summit Midstream Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -24.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -26.34%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 5.04x
- Recent ROE (-24.19%) is below the historical average (-10.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -35.55% | -47.89% | 0.17x | 4.30x | $-272.93 Million |
| 2020 | 19.00% | 50.16% | 0.15x | 2.47x | $91.10 Million |
| 2021 | -2.21% | -4.97% | 0.16x | 2.79x | $-110.39 Million |
| 2022 | -16.14% | -33.40% | 0.14x | 3.35x | $-199.94 Million |
| 2023 | -5.42% | -8.49% | 0.18x | 3.47x | $-110.80 Million |
| 2024 | -24.19% | -26.34% | 0.18x | 5.04x | $-159.95 Million |
Industry Comparison
This section compares Summit Midstream Corporation's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $1,230,397,219
- Average return on equity (ROE) among peers: 2202.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Summit Midstream Corporation (SMC) | $1.10 Billion | -35.55% | 1.20x | $81.12 Million |
| Antero Midstream Partners LP (AM) | $142.86 Million | 0.00% | 0.21x | $7.58 Billion |
| AltaGas Ltd (ATGFF) | $2.83 Billion | 7.11% | 1.57x | $8.06 Billion |
| ATGPF (ATGPF) | $7.86 Billion | 8.56% | 1.98x | $4.11 Billion |
| Avance Gas Holding Ltd (AVACF) | $603.79 Million | 27.09% | 0.91x | $7.70K |
| CBL International Limited Ordinary Shares (BANL) | $12.11 Million | 30.42% | 1.11x | $3.17 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $863.00K | 22418.66% | 0.16x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $78.49 Million | 16.31% | 4.83x | $32.39 Million |
| Brooge Energy Limited (BROGW) | $56.77 Million | -85.14% | 7.56x | $5.67K |
| Willow Biosciences Inc (CANSF) | $1.10 Million | -405.25% | 0.17x | $2.85 Million |
| Cool Company Ltd (CLCO) | $715.51 Million | 11.75% | 1.88x | $145.96 Million |