Summit Midstream Corp income statement
In fiscal 2025, Summit Midstream Corp reported revenue of $562m, up 30.8% on the year before and net income of −$5.9m, or −$1.61 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|
| Revenue | 459 | 430 | 562 | 583 |
| Cost of revenue | 112 | 115 | 149 | 166 |
| Gross profit | 346 | 315 | 413 | 417 |
| General and administrative | 42 | 56 | 61 | 60 |
| Interest expense | 141 | 115 | 95 | 101 |
| Income before tax | −39 | 34 | −2 | −1 |
| Income tax | 0 | 147 | −1 | 0 |
| Net income | −52 | −122 | −6 | 0 |
| Diluted EPS | −$6.11 | −$12.78 | −$1.61 | $0.02 |
| Diluted shares (average) | 10m | 11m | 12m | 13m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 102 | 107 | 133 | 140 | 147 | 142 | 139 | 155 |
| Cost of revenue | 28 | 27 | 35 | 36 | 38 | 40 | 39 | 49 |
| Gross profit | 74 | 80 | 97 | 104 | 109 | 103 | 100 | 106 |
| General and administrative | 12 | 14 | 17 | 16 | 13 | 16 | 18 | 14 |
| Interest expense | 26 | 20 | 23 | 24 | 24 | 24 | 25 | 27 |
| Income before tax | −55 | −20 | 5 | −5 | 6 | −8 | −4 | 6 |
| Income tax | 143 | 5 | 0 | −1 | 1 | −1 | −1 | 1 |
| Net income | −205 | −12 | −2 | −8 | −2 | 6 | −5 | 2 |
| Diluted EPS | −$19.25 | −$2.39 | −$0.16 | −$0.66 | −$0.13 | −$0.66 | −$0.43 | $0.11 |
Compare with peers
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