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) - Total Assets
Latest total assets as of September 2025: $2.41 Billion USD
Based on the latest financial reports, Summit Midstream Corporation (SMC) holds total assets worth $2.41 Billion USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Summit Midstream Corporation - Total Assets Trend (2019–2024)
This chart illustrates how Summit Midstream Corporation’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Summit Midstream Corporation - Asset Composition Analysis
Current Asset Composition (December 2024)
Summit Midstream Corporation's total assets of $2.41 Billion consist of 5.0% current assets and 95.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $22.82 Million | 1.0% |
| Accounts Receivable | $77.06 Million | 3.3% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $1.79 Billion | 75.7% |
| Intangible Assets | $154.28 Million | 6.5% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2019–2024)
This chart illustrates how Summit Midstream Corporation's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Summit Midstream Corporation's current assets represent 5.0% of total assets in 2024, a decrease from 5.4% in 2019.
- Cash Position: Cash and equivalents constituted 1.0% of total assets in 2024, up from 0.4% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 6.0% of total assets, a decrease from 9.0% in 2019.
- Asset Diversification: The largest asset category is property, plant & equipment at 75.7% of total assets.
Summit Midstream Corporation Competitors by Total Assets
Key competitors of Summit Midstream Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Senton Energy Co. Ltd. A
SHE:001331
|
China | CN¥1.68 Billion |
|
Shaanxi Provincial Natural Gas Co Ltd
SHE:002267
|
China | CN¥13.96 Billion |
|
Zhuhai Winbase International Chemical Tank Terminal Co Ltd
SHE:002492
|
China | CN¥2.32 Billion |
|
HENGYANG PETROCHEM (5HY.SG)
STU:5HY
|
Germany | €535.36 Million |
|
Shanxi Guoxin Energy Co Ltd A
SHG:600617
|
China | CN¥25.35 Billion |
|
Nanjing Tanker Corp
SHG:601975
|
China | CN¥13.19 Billion |
|
China Merchants Energy Shipping Co Ltd
SHG:601872
|
China | CN¥77.88 Billion |
|
Anhui Province Natural Gas Development Co Ltd
SHG:603689
|
China | CN¥7.57 Billion |
Summit Midstream Corporation - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Summit Midstream Corporation generates 0.18x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Summit Midstream Corporation is currently not profitable relative to its asset base.
Summit Midstream Corporation - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.76 | 0.93 | 0.79 |
| Quick Ratio | 0.76 | 0.93 | 0.79 |
| Cash Ratio | 0.17 | 0.08 | 0.00 |
| Working Capital | $-35.29 Million | $ -16.95 Million | $ -20.71 Million |
Summit Midstream Corporation - Advanced Valuation Insights
This section examines the relationship between Summit Midstream Corporation's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.81 |
| Latest Market Cap to Assets Ratio | 0.03 |
| Asset Growth Rate (YoY) | -5.4% |
| Total Assets | $2.36 Billion |
| Market Capitalization | $81.12 Million USD |
Valuation Analysis
Below Book Valuation: The market values Summit Midstream Corporation's assets below their book value (0.03 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Summit Midstream Corporation's assets decreased by 5.4% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Summit Midstream Corporation (2019–2024)
The table below shows the annual total assets of Summit Midstream Corporation from 2019 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $2.36 Billion | -5.40% |
| 2023-12-31 | $2.49 Billion | -2.57% |
| 2022-12-31 | $2.56 Billion | +1.49% |
| 2021-12-31 | $2.52 Billion | +0.91% |
| 2020-12-31 | $2.50 Billion | -2.89% |
| 2019-12-31 | $2.57 Billion | -- |