Summit Midstream Corporation (SMC)

Summit Midstream Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	26.23	22.82	14.04	11.81	7.35	15.54
Cash & Short-Term Investments	26.23	22.82	14.04	11.81	7.35	15.54
Cash Growth	-92.39%	62.50%	18.94%	60.68%	-52.72%	63.11%
Receivables	83.92	77.06	76.28	75.29	62.12	61.93
Restricted Cash	3.38	2.38	2.6	1.72	12.22	-
Other Current Assets	6.24	16.01	5.5	8.72	5.68	4.62
Total Current Assets	119.76	118.27	98.42	97.54	87.37	82.1
Property, Plant & Equipment	1,852	1,797	1,711	1,732	1,729	1,819
Long-Term Investments	270.2	269.56	486.43	506.68	523.2	392.74
Other Intangible Assets	163.18	154.28	175.59	198.72	172.93	199.57
Other Long-Term Assets	28.58	19.97	22.41	25.25	9.58	6.12
Total Assets	2,434	2,359	2,494	2,560	2,522	2,500
Accounts Payable	31.93	25.16	22.71	14.05	10.5	11.88
Accrued Expenses	65.4	82.08	68.52	65.89	49.86	41.18
Current Portion of Long-Term Debt	16.67	16.58	15.52	10.51	-	-
Current Portion of Leases	-	7.18	4.21	3.01	1.38	2.92
Current Unearned Revenue	9.82	9.6	10.2	9.05	10.37	9.99
Other Current Liabilities	26.79	34.2	12.85	15.39	7.13	2.45
Total Current Liabilities	150.61	174.8	134.01	117.89	79.24	68.41
Long-Term Debt	1,067	977	1,455	1,480	1,355	1,347
Long-Term Leases	-	4.95	8.56	10.35	2.39	3.34
Long-Term Unearned Revenue	23.27	25.37	30.09	37.69	42.57	48.25
Long-Term Deferred Tax Liabilities	75.84	63.33	1.43	-	-	-
Other Long-Term Liabilities	14.41	15.97	21.74	30.77	32.5	19.95
Total Liabilities	1,331	1,261	1,651	1,677	1,512	1,487
Common Stock	0.19	0.18	621.67	679.49	734.59	748.47
Additional Paid-In Capital	632.39	540.71	-	-	-	-
Retained Earnings	-185.22	-183.33	-	-	-	-
Total Common Equity	447.35	357.56	621.67	679.49	734.59	748.47
Minority Interest	544.73	630.28	124.65	118.58	106.33	89.66
Shareholders' Equity	1,103	1,098	843.22	883.4	1,011	1,013
Total Liabilities & Equity	2,434	2,359	2,494	2,560	2,522	2,500
Total Debt	1,084	1,006	1,483	1,504	1,359	1,354
Net Cash (Debt)	-1,058	-982.89	-1,469	-1,492	-1,351	-1,338
Net Cash Per Share	-96.77	-92.73	-142.19	-148.48	-200.49	-362.22
Filing Date Shares Outstanding	11.77	12.12	10.42	10.18	10.02	6.11
Total Common Shares Outstanding	11.77	10.66	10.38	10.18	7.17	6.11
Working Capital	-30.84	-56.53	-35.59	-20.35	8.13	13.69
Book Value Per Share	38.02	33.54	59.91	66.73	102.46	122.50
Tangible Book Value	284.17	203.28	446.08	480.77	561.67	548.9
Tangible Book Value Per Share	24.15	19.07	42.99	47.21	78.34	89.83
Land	-	12.82	11.53	11.76	10.64	10.44
Machinery	-	2,373	2,336	2,262	2,225	2,214
Construction In Progress	-	57.61	56.06	59.04	49.08	60.44

Updated Mar 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q