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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	20.9	22.82	14.04	11.81	7.35	15.54
Cash & Short-Term Investments	20.9	22.82	14.04	11.81	7.35	15.54
Cash Growth	-86.60%	62.50%	18.94%	60.68%	-52.72%	63.11%
Receivables	84.58	77.06	76.28	75.29	62.12	61.93
Restricted Cash	4.6	2.38	2.6	1.72	12.22	-
Other Current Assets	5.99	16.01	5.5	8.72	5.68	4.62
Total Current Assets	116.07	118.27	98.42	97.54	87.37	82.1
Property, Plant & Equipment	1,853	1,797	1,711	1,732	1,729	1,819
Long-Term Investments	276.11	269.56	486.43	506.68	523.2	392.74
Other Intangible Assets	160.05	154.28	175.59	198.72	172.93	199.57
Other Long-Term Assets	17.66	19.97	22.41	25.25	9.58	6.12
Total Assets	2,423	2,359	2,494	2,560	2,522	2,500
Accounts Payable	30.88	25.16	22.71	14.05	10.5	11.88
Accrued Expenses	74.22	82.08	68.52	65.89	49.86	41.18
Current Portion of Long-Term Debt	16.77	16.58	15.52	10.51	-	-
Current Portion of Leases	-	7.18	4.21	3.01	1.38	2.92
Current Unearned Revenue	9.81	9.6	10.2	9.05	10.37	9.99
Other Current Liabilities	25.7	34.2	12.85	15.39	7.13	2.45
Total Current Liabilities	157.39	174.8	134.01	117.89	79.24	68.41
Long-Term Debt	1,059	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	22.2	25.37	30.09	37.69	42.57	48.25
Long-Term Deferred Tax Liabilities	75.05	63.33	1.43	-	-	-
Other Long-Term Liabilities	13.76	15.97	21.74	30.77	32.5	19.95
Total Liabilities	1,327	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	634.51	540.71	-	-	-	-
Retained Earnings	-193.25	-183.33	-	-	-	-
Total Common Equity	441.45	357.56	621.67	679.49	734.59	748.47
Minority Interest	544.03	630.28	124.65	118.58	106.33	89.66
Shareholders' Equity	1,096	1,098	843.22	883.4	1,011	1,013
Total Liabilities & Equity	2,423	2,359	2,494	2,560	2,522	2,500
Total Debt	1,075	1,006	1,483	1,504	1,359	1,354
Net Cash (Debt)	-1,055	-982.89	-1,469	-1,492	-1,351	-1,338
Net Cash Per Share	-93.09	-92.73	-142.19	-148.48	-200.49	-362.22
Filing Date Shares Outstanding	12.24	12.12	10.42	10.18	10.02	6.11
Total Common Shares Outstanding	12.24	10.66	10.38	10.18	7.17	6.11
Working Capital	-41.32	-56.53	-35.59	-20.35	8.13	13.69
Book Value Per Share	36.06	33.54	59.91	66.73	102.46	122.50
Tangible Book Value	281.4	203.28	446.08	480.77	561.67	548.9
Tangible Book Value Per Share	22.99	19.07	42.99	47.21	78.34	89.83
Land	12.86	12.82	11.53	11.76	10.64	10.44
Machinery	2,488	2,373	2,336	2,262	2,225	2,214
Construction In Progress	58.12	57.61	56.06	59.04	49.08	60.44

Updated May 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q