Summit Midstream Corporation (SMC) - Net Assets
Based on the latest financial reports, Summit Midstream Corporation (SMC) has net assets worth $1.09 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.39 Billion) and total liabilities ($1.30 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. Check SMC tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.09 Billion |
| % of Total Assets | 45.56% |
| Annual Growth Rate | -13.34% |
| 5-Year Change | 7.63% |
| 10-Year Change | N/A |
| Growth Volatility | 25.14 |
Summit Midstream Corporation - Net Assets Trend (2019–2025)
This chart illustrates how Summit Midstream Corporation's net assets have evolved over time, based on quarterly financial data. See how many days can Summit Midstream Corporation fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Summit Midstream Corporation (2019–2025)
The table below shows the annual net assets of Summit Midstream Corporation from 2019 to 2025. For live valuation and market cap data, see Summit Midstream Corporation (SMC) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.09 Billion | +12.72% |
| 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 20290200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $187.00K | 0.03% |
| Other Components | $890.19 Million | 129.49% |
| Total Equity | $687.48 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 |
|---|---|
|
Guangdong Transtek Medical Electronics Co Ltd
SHE:300562
|
$398.28 Million |
|
Diplomat Holdings Ltd
TA:DIPL
|
$398.32 Million |
|
ITAB Shop Concept AB ser. B
ST:ITAB
|
$398.34 Million |
|
Shandong Longji Machinery Co Ltd
SHE:002363
|
$398.36 Million |
|
Star Gas Partners LP
NYSE:SGU
|
$398.24 Million |
|
Samse SA
PA:SAMS
|
$398.15 Million |
|
Instone Real Estate Group AG
XETRA:INS
|
$398.10 Million |
|
RCE Capital Berhad
KLSE:9296
|
$398.06 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 2024 to 2025, total equity changed from 467,792,000 to 687,476,000, a change of 219,684,000 (47.0%).
- Net loss of 1,906,000 reduced equity.
- Dividend payments of 13,393,000 reduced retained earnings.
- Other factors increased equity by 234,983,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.91 Million | -0.28% |
| Dividends Paid | $13.39 Million | -1.95% |
| Other Changes | $234.98 Million | +34.18% |
| Total Change | $- | 46.96% |
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: 0.51x
- 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 0.26x to 0.51x 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 | $28.82 | x |
| 2020-12-31 | $214.98 | $28.82 | x |
| 2021-12-31 | $134.16 | $28.82 | x |
| 2022-12-31 | $76.12 | $28.82 | x |
| 2023-12-31 | $69.53 | $28.82 | x |
| 2024-12-31 | $44.13 | $28.82 | x |
| 2025-12-31 | $56.66 | $28.82 | 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): -0.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.34%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 3.47x
- Recent ROE (-0.28%) is above the historical average (-9.26%), indicating improving 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 |
| 2025 | -0.28% | -0.34% | 0.24x | 3.47x | $-70.65 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: $1,046,787,052
- Average return on equity (ROE) among peers: 31.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Summit Midstream Corporation (SMC) | $1.09 Billion | -35.55% | 1.19x | $398.27 Million |
| Antero Midstream Partners LP (AM) | $15.61 Million | 46.54% | 0.91x | $10.12 Billion |
| CBL International Limited Ordinary Shares (BANL) | $4.86 Million | 59.23% | 3.85x | $11.23 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $437.70 Million | 14.80% | 0.00x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $128.62 Million | 7.50% | 2.36x | $284.93 Million |
| BW LPG Limited (BWLP) | $1.93 Billion | 12.95% | 0.64x | $2.75 Billion |
| Cheniere Energy Partners LP (CQP) | $715.00 Million | 164.34% | 26.11x | $28.10 Billion |
| Cheniere Energy Partners LP (CQP) | $1.64 Billion | -14.63% | 4.19x | $25.77 Billion |
| DHT Holdings Inc (DHT) | $1.13 Billion | 18.63% | 0.41x | $2.56 Billion |
| Dynagas LNG Partners LP (DLNG) | $313.71 Million | 1.15% | 2.15x | $128.43 Million |
| DT Midstream Inc (DTM) | $4.15 Billion | 8.91% | 1.13x | $12.24 Billion |
About Summit Midstream Corporation
Summit Midstream Corporation owns, develops, and operates midstream energy infrastructure assets primarily shale formations in the continental United States. It operates through Rockies, Permian, Piceance, Mid-Con, and Northeast segments. The company owns, develops, and operates natural gas, crude oil, produced water gathering systems, and transmission pipelines. It serves natural gas and crude o… Read more