Summit Midstream Corporation (SMC) - Total Assets
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. See shareholders equity of Summit Midstream Corporation for net asset value and shareholders' equity analysis.
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.
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. For live market cap, price, and company overview, see Summit Midstream Corporation (SMC) total market value.
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 |
|---|---|---|
|
Cheniere Energy Partners LP
NYSE MKT:CQP
|
USA | $16.83 Billion |
|
Pembina Pipeline Corp
TO:PPL
|
Canada | CA$35.55 Billion |
|
Gibson Energy Inc.
TO:GEI
|
Canada | CA$4.71 Billion |
|
FLEX LNG Ltd
F:0QQA
|
Germany | €2.68 Billion |
|
Source Rock Royalties Ltd
V:SRR
|
Canada | CA$24.45 Million |
|
Transportadora de Gas del Norte SA Class C
BA:TGNO4
|
Argentina | AR$1.26 Trillion |
|
Fluxys Belgium
BR:FLUX
|
Belgium | €3.28 Billion |
|
Enbridge Inc
TO:ENB
|
Canada | CA$218.47 Billion |
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 | 0.14 |
| Asset Growth Rate (YoY) | -5.4% |
| Total Assets | $2.36 Billion |
| Market Capitalization | $327.15 Million USD |
Valuation Analysis
Below Book Valuation: The market values Summit Midstream Corporation's assets below their book value (0.14x), 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 | -- |
About 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