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NEW: Price Reaction to Earnings Reports

View detailed tables showing price action before and after earnings announcements, ranging from intraday to one week out. Track how the market has reacted to past earnings to identify patterns and predict future behavior. Click here to open.

SMC

Summit Midstream Corp

Dec 13 • 04:00PM ET

35.91

Dollar change -0.38
Percentage change -1.05	%

Energy • Oil & Gas Midstream • USA • NYSE

Peers: EPD KMI ENB WMB TRGP ET OKE PAA MPLX AM

| Held by: VTI VXF FCG BSVO AVUV TXSS AVSC AVUS MLPA RFLR

Scroll to Statements

Index	-	P/E	5.81	EPS (ttm)	6.18	Insider Own	12.61%	Shs Outstand	10.65M	Perf Week	-5.03%
Market Cap	378.39M	Forward P/E	-	EPS next Y	-	Insider Trans	-2.89%	Shs Float	9.31M	Perf Month	2.54%
Income	70.27M	PEG	-	EPS next Q	-	Inst Own	35.37%	Short Float	1.06%	Perf Quarter	-0.17%
Sales	468.70M	P/S	0.81	EPS this Y	-	Inst Trans	6.83%	Short Ratio	1.17	Perf Half Y	10.70%
Book/sh	67.58	P/B	0.53	EPS next Y	-	ROA	4.31%	Short Interest	0.10M	Perf Year	101.06%
Cash/sh	15.21	P/C	2.36	EPS next 5Y	-	ROE	10.84%	52W Range	15.56 - 40.75	Perf YTD	100.50%
Dividend Est.	-	P/FCF	8.88	EPS past 5Y	-	ROI	3.87%	52W High	-11.88%	Beta	2.42
Dividend TTM	-	Quick Ratio	1.33	Sales past 5Y	-1.01%	Gross Margin	28.30%	52W Low	130.78%	ATR (14)	1.20
Dividend Ex-Date	Feb 06, 2020	Current Ratio	1.33	EPS Y/Y TTM	184.12%	Oper. Margin	17.57%	RSI (14)	43.10	Volatility	3.63% 3.00%
Employees	244	Debt/Eq	0.97	Sales Y/Y TTM	21.80%	Profit Margin	14.99%	Recom	3.00	Target Price	22.00
Option/Short	Yes / Yes	LT Debt/Eq	0.91	EPS Q/Q	-51.97%	Payout	-	Rel Volume	0.92	Prev Close	36.29
Sales Surprise	-	EPS Surprise	-	Sales Q/Q	3.50%	Earnings	Nov 12 BMO	Avg Volume	83.95K	Price	35.91
SMA20	-2.86%	SMA50	-0.18%	SMA200	8.20%	Trades		Volume	76,944	Change	-1.05%

Date	Action	Analyst	Rating Change	Price Target Change
Jan-07-20	Downgrade	Wells Fargo	Equal Weight → Underweight	$3.50
Jun-19-19	Downgrade	Citigroup	Buy → Neutral	$13 → $6.50
Apr-29-19	Downgrade	RBC Capital Mkts	Outperform → Sector Perform	$17 → $10
Mar-14-19	Downgrade	Credit Suisse	Outperform → Underperform	$15 → $9
Mar-07-19	Downgrade	Robert W. Baird	Outperform → Neutral	$23 → $10
Nov-20-18	Reiterated	Credit Suisse	Outperform	$18 → $15
Oct-11-18	Initiated	Credit Suisse	Outperform
May-07-18	Downgrade	Wells Fargo	Outperform → Market Perform
Jan-05-18	Initiated	Credit Suisse	Outperform	$22
Jan-27-17	Downgrade	Credit Suisse	Outperform → Neutral
Sep-06-16	Reiterated	RBC Capital Mkts	Outperform	$25 → $28
Aug-12-16	Upgrade	Robert W. Baird	Neutral → Outperform	$24 → $33
Aug-08-16	Upgrade	Credit Suisse	Neutral → Outperform
May-24-16	Initiated	Credit Suisse	Neutral
May-09-16	Reiterated	Wunderlich	Buy	$20 → $23
Mar-11-16	Downgrade	Goldman	Buy → Neutral
Mar-10-16	Downgrade	Citigroup	Buy → Neutral
Feb-29-16	Reiterated	Wunderlich	Buy	$21 → $14
Jan-15-16	Downgrade	Wells Fargo	Outperform → Market Perform
Aug-17-15	Downgrade	Robert W. Baird	Outperform → Neutral	$39 → $26

Show Previous Ratings

Dec-02-24 04:00PM	Summit Midstream Corporation Completes Acquisition of Tall Oak Midstream III (PR Newswire)
Nov-29-24 02:56PM	Summit Midstream Corporation Correction to Access Link for Virtual Shareholder Meeting (PR Newswire)
Nov-12-24 07:00AM	Summit Midstream Corporation Reports Third Quarter 2024 Financial and Operating Results (PR Newswire)
Nov-04-24 04:00PM	Summit Midstream Corporation Schedules Third Quarter 2024 Earnings Call (PR Newswire) +5.44%
Oct-01-24 05:30PM	Tailwater Capital Announces Sale of Tall Oak Midstream III to Summit Midstream Corporation (PR Newswire) +9.58%
05:00PM	Loading…
05:00PM	Summit Midstream Corporation Announces Transformative Acquisition of Tall Oak Midstream III in the Arkoma Basin (PR Newswire)
Aug-08-24 07:20PM	Summit Midstream Corporation Reports Second Quarter 2024 Financial and Operating Results of Summit Midstream Partners, LP (PR Newswire)
Jul-31-24 04:46PM	Common Stock of Summit Midstream Corporation to Commence Trading on NYSE on Thursday, August 1 (PR Newswire)
Jul-26-24 05:29AM	Summit Midstream Partners (SMLP) is More a Bet on The Jockey Than The Horse: Legacy Ridge Capital Management (Insider Monkey)
Jul-25-24 10:10AM	Summit Midstream Sets Pricing Terms of Senior Notes Due 2026 (Hart Energy)
Jul-23-24 07:53PM	Summit Midstream Partners, LP Announces Expiration and Pricing Terms of Cash Tender Offer to Purchase Any and All of Its Subsidiaries' 8.500% Senior Secured Second Lien Notes Due 2026 (PR Newswire)
Jul-18-24 06:24PM	Summit Unitholders Approve Conversion to a C-Corporation (PR Newswire)
Jul-17-24 04:30PM	Summit Midstream Partners, LP Announces Pricing of Upsized Offering of $575 Million of Senior Secured Second Lien Notes Due 2029 (PR Newswire)
08:19AM	Summit Midstream Partners, LP Announces Commencement of a Cash Tender Offer to Purchase Any and All of Its Subsidiaries' 8.500% Senior Secured Second Lien Notes Due 2026 (PR Newswire)
08:17AM	Summit Midstream Partners, LP Announces Proposed Offering of $500 million of Senior Secured Second Lien Notes Due 2029 (PR Newswire)
07:00AM	Loading…
07:00AM	Summit Midstream Commences Tender Offer on Notes Due 2026 (Hart Energy)
Jun-17-24 07:00AM	Summit Advances Planned Conversion to C-Corporation to Facilitate Growth and Value Creation (PR Newswire)
Jun-06-24 07:12AM	Summit Midstream Partners, LP Announces Expiration and Results for Asset Sale Offer to Purchase up to $215,000,000 Aggregate Principal Amount of Outstanding 8.500% Senior Secured Second Lien Notes Due 2026 (PR Newswire)
May-22-24 06:00AM	The Dividend Survival Kit: 7 Stocks Under $50 to Buy for Lifelong Income (InvestorPlace)
May-17-24 09:00AM	Summit Midstream Partners, LP Insider Sold Shares Worth $340,300, According to a Recent SEC Filing (MT Newswires)
May-07-24 07:00AM	Summit Midstream Partners, LP Announces Asset Sale Offer to Purchase up to $215,000,000 Aggregate Principal Amount of Outstanding 8.500% Senior Secured Second Lien Notes Due 2026 (PR Newswire)
May-04-24 09:51AM	Summit Midstream Partners, LP (NYSE:SMLP) Q1 2024 Earnings Call Transcript (Insider Monkey)
03:10AM	Summit Midstream Partners LP (SMLP) (Q1 2024) Earnings Call Transcript Highlights: Strategic ... (GuruFocus.com)
12:28AM	Q1 2024 Summit Midstream Partners LP Earnings Call (Thomson Reuters StreetEvents)
May-02-24 09:57PM	SMLP Stock Earnings: Summit Midstream Partners Reported Results for Q1 2024 (InvestorPlace) +20.81%
06:07PM	Summit Midstream Partners LP Reports Strong Q1 2024 Financial Results Amid Strategic Asset ... (GuruFocus.com)
04:15PM	Antero Midstream Announces Bolt-On Acquisition, Increased 2024 Guidance and Redemption of 2026 Senior Notes (PR Newswire)
04:02PM	Summit Midstream Partners, LP Reports First Quarter 2024 Financial and Operating Results (PR Newswire)
Apr-25-24 07:00AM	Summit Midstream Partners, LP Schedules First Quarter 2024 Earnings Call and Announces Expiration and Results for Excess Cash Flow Offer to Purchase up to $19,331,000 Aggregate Principal Amount of Outstanding 8.500% Senior Secured Second Lien Notes Due 2026 (PR Newswire)
Apr-01-24 06:23PM	Summit Midstream launches open season on natural gas pipeline (Reuters)
05:00PM	Loading…
05:00PM	Double E Pipeline Announces Open Season for Available Capacity (PR Newswire)
Mar-27-24 05:00PM	Summit Midstream Partners, LP Announces Excess Cash Flow Offer to Purchase up to $19,331,000 Aggregate Principal Amount of Outstanding 8.500% Senior Secured Second Lien Notes Due 2026 (PR Newswire)
Mar-25-24 06:33PM	Summit Midstream Partners, LP Announces 2023 K-1 Tax Package Availability (PR Newswire)
06:32AM	This Ultra-High-Yield Dividend Stock Is Spending $625 Million to Add More Fuel to Grow Its Big-Time Payout (Motley Fool)
Mar-22-24 09:24AM	UPDATE 1-Summit Midstream Partners to sell Utica assets to MPLX for $625 mln (Reuters) +38.96%
08:40AM	Summit Midstream Partners to sell Utica assets to MPLX (Reuters)
08:30AM	Summit Midstream Partners, LP Announces Sale of Utica Position for $625 Million (PR Newswire)
Mar-16-24 09:27AM	Summit Midstream Partners, LP (NYSE:SMLP) Q4 2023 Earnings Call Transcript (Insider Monkey)
12:35AM	Q4 2023 Summit Midstream Partners LP Earnings Call (Thomson Reuters StreetEvents)
Mar-15-24 11:53AM	SMLP Stock Earnings: Summit Midstream Partners Beats Revenue for Q4 2023 (InvestorPlace) -9.34%
08:31AM	Summit Midstream Partners LP Reports Q4 and Full-Year 2023 Results with Strategic Updates (GuruFocus.com)
07:24AM	Summit Midstream Partners Posts Narrower Loss In Q4 - Quick Facts (RTT News)
07:00AM	Summit Midstream Partners, LP Reports Fourth Quarter and Full-Year 2023 Financial and Operating Results, 2024 Guidance and Strategic Alternatives Update (PR Newswire)
Feb-23-24 07:00AM	Summit Midstream Partners, LP Schedules Fourth Quarter 2023 Earnings Call (PR Newswire) +12.25%
Nov-16-23 04:30PM	Summit Midstream Partners, LP Announces Opportunistic Refinancing of its 2025 Unsecured Notes and Amendment to ABL Facility (PR Newswire) -7.17%
Nov-05-23 08:48AM	Summit Midstream Partners, LP (NYSE:SMLP) Q3 2023 Earnings Call Transcript (Insider Monkey)
Nov-03-23 11:46PM	Q3 2023 Summit Midstream Partners LP Earnings Call (Thomson Reuters StreetEvents)
10:48AM	Summit Midstream Partners LP (SMLP) Reports Q3 2023 Financial Results: Net Income of $3. ... (GuruFocus.com)
07:00AM	Summit Midstream Partners, LP Reports Third Quarter 2023 Financial and Operating Results (PR Newswire)
Oct-03-23 07:00AM	Summit Midstream Partners, LP Provides Operational Update, Announces Review of Strategic Alternatives and Schedules Third Quarter 2023 Earnings Call (PR Newswire) +26.96%
Aug-10-23 11:57PM	Q2 2023 Summit Midstream Partners LP Earnings Call (Thomson Reuters StreetEvents) -9.62%
Aug-09-23 04:00PM	Summit Midstream Partners, LP Reports Second Quarter 2023 Financial and Operating Results (PR Newswire)
Jul-27-23 04:01PM	Summit Midstream Partners, LP Schedules Second Quarter 2023 Earnings Call (PR Newswire)
Jul-06-23 11:03AM	Summit Midstream Partners, LP Announces 2022 K-3 Tax Form Availability (PR Newswire)
May-05-23 11:31PM	Q1 2023 Summit Midstream Partners LP Earnings Call (Thomson Reuters StreetEvents) +10.14%
07:00AM	Summit Midstream Partners, LP Reports First Quarter 2023 Financial and Operating Results (PR Newswire)
Apr-24-23 05:00PM	Summit Midstream Partners, LP Schedules First Quarter 2023 Earnings Call (PR Newswire)
Mar-22-23 07:00AM	Summit Midstream Partners, LP Announces 2022 K-1 Tax Package Availability (PR Newswire)
Mar-06-23 07:00AM	CLARITER WELCOMES SUMMIT MIDSTREAM PARTNERS TO ITS GROUP OF STRATEGIC INVESTORS, ANNOUNCING COLLABORATION SUPPORTING CLARITER'S FUTURE UNITED STATES ROLL-OUT STRATEGY (PR Newswire)
Feb-28-23 04:05AM	Summit Midstream Partners, LP (NYSE:SMLP) Q4 2022 Earnings Call Transcript (Insider Monkey)
Feb-24-23 06:45AM	Summit Midstream Partners, LP Reports Fourth Quarter and Full-Year 2022 Financial and Operating Results & Provides Full-Year 2023 Guidance (PR Newswire) +7.40%
Feb-15-23 12:04PM	Summit Midstream Partners, LP Schedules Fourth Quarter 2022 Earnings Call (PR Newswire) +6.00%
Feb-02-23 12:20AM	Heres Why You Should Hold Summit Midstream Partners, LP (SMLP) Stock (Insider Monkey)
Dec-05-22 06:35PM	Summit Midstream buys oil, gas assets in DJ Basin in deals totaling $305M (American City Business Journals)
Dec-01-22 05:50PM	Summit Midstream Partners, LP Completes Bolt-on Acquisitions in the DJ Basin (PR Newswire)
Nov-03-22 05:30PM	Summit Midstream Partners, LP Reports Third Quarter 2022 Financial and Operating Results (PR Newswire) +5.16%
Oct-17-22 07:30AM	Summit Midstream Partners, LP Announces Synergistic and Accretive Bolt-on Acquisitions in the DJ Basin (PR Newswire) +7.35%
Sep-19-22 04:30PM	Summit Midstream Partners, LP Announces Sale of its Bison Gas Gathering System in North Dakota (PR Newswire)
Sep-12-22 04:44PM	Summit Midstream Partners, LP Announces 2021 K-3 Tax Form Availability (PR Newswire)
Aug-04-22 04:57PM	Summit Midstream Partners, LP Reports Second Quarter 2022 Financial and Operating Results (PR Newswire) -5.66% +7.51%
Jul-21-22 04:54PM	Summit Midstream Partners, LP Schedules Second Quarter 2022 Earnings Call (PR Newswire)
Jun-30-22 04:30PM	Summit Midstream Partners, LP Announces Closing of Lane Gathering and Processing System Sale to a Subsidiary of Matador Resources Company (PR Newswire) -5.58%
Jun-09-22 06:00PM	Summit Midstream Partners, LP Announces Sale of its Lane Gathering and Processing System in the Delaware Basin to a Subsidiary of Matador Resources Company & Reiterates its 2022 Adjusted EBITDA Guidance (PR Newswire)
May-26-22 05:28PM	Summit Midstream Partners, LP Announces Adjournment of Annual Meeting and Information for Reconvened Annual Meeting (PR Newswire) +5.05%
May-11-22 06:45AM	Summit Midstream Partners, LP Announces Partial Adjournment of Annual Meeting and Information for Reconvened Annual Meeting (PR Newswire)
May-03-22 07:10PM	Summit Midstream Partners, LP Reports First Quarter 2022 Financial and Operating Results (PR Newswire) +17.25%
Apr-19-22 06:45AM	Summit Midstream Partners, LP Schedules First Quarter 2022 Earnings Call (PR Newswire) +10.77%
Mar-23-22 01:56PM	5 Cheap Energy Stocks Riding Oil Higher (InvestorPlace)
Mar-18-22 12:00PM	What Makes Summit Midstream Partners, LP (SMLP) a New Buy Stock (Zacks)
Mar-15-22 04:54PM	My No. 2 Stock Pick For 2022 Rises 100% (InvestorPlace)
Mar-14-22 04:05PM	Summit Midstream Partners, LP Announces 2021 K-1 Tax Package Availability (PR Newswire)
Feb-28-22 05:45PM	Summit Midstream Partners, LP Announces the Appointment of Rommel M. Oates to the Board of Directors of its General Partner (PR Newswire) -9.15% -9.18%
Feb-25-22 06:45AM	Summit Midstream Partners, LP Reports Fourth Quarter and Full Year 2021 Financial and Operating Results & Provides Full Year 2022 Guidance (PR Newswire) -30.63%
Feb-16-22 06:45AM	Summit Midstream Partners, LP Schedules Fourth Quarter 2021 Earnings Call and Announces New Business Segments (PR Newswire)
Feb-08-22 06:45AM	Summit Midstream Partners, LP Announces Senior Leadership Changes (PR Newswire)
Jan-28-22 05:38PM	AEGON USA Investment Management, LLC Buys Wells Fargo, Bank of America Corp, KKR Inc, Sells ... (GuruFocus.com)
Jan-14-22 06:45AM	Summit Midstream Partners, LP Announces Final Results of Series A Preferred Unit Exchange Offer (PR Newswire)
Jan-13-22 06:45AM	Summit Midstream Partners, LP Announces Preliminary Results of Series A Preferred Unit Exchange Offer (PR Newswire)
Jan-07-22 06:45AM	Summit Midstream Partners, LP Provides Update on Series A Preferred Unit Exchange Offer (PR Newswire)
Dec-14-21 04:05PM	Summit Midstream Partners, LP Announces Series A Preferred Unit Exchange Offer (PR Newswire) -6.72%
Nov-18-21 08:01AM	Summit Midstream Texas-New Mexico Double E natgas pipe in service (Reuters)
06:45AM	Summit Midstream Partners, LP Announces Commencement of Service on Double E Pipeline (PR Newswire)
Nov-04-21 06:45AM	Summit Midstream Partners, LP Reports Third Quarter 2021 Financial and Operating Results (PR Newswire) +5.65%
Nov-02-21 04:05PM	Summit Midstream Partners, LP Announces Closing of Private Offering of $700 Million Senior Secured Second Lien Notes and $400 Million Asset-Based Credit Facility (PR Newswire) -5.29%
Oct-25-21 06:45AM	Summit Midstream Partners, LP Schedules Third Quarter 2021 Earnings Call (PR Newswire)
Oct-19-21 04:05PM	Summit Midstream Partners, LP Announces Pricing of Private Offering of $700 Million Senior Secured Second Lien Notes (PR Newswire)
Oct-13-21 07:26AM	Summit Midstream Partners, LP Announces Private Offering of $700 Million Senior Secured Second Lien Notes and Conditional Redemption of 5.50% Senior Notes due 2022 (PR Newswire) +7.22%
Sep-21-21 08:50AM	Why Fast-paced Mover Summit Midstream Partners, LP (SMLP) Is a Great Choice for Value Investors (Zacks)
Sep-02-21 12:28PM	Energy Transfer (ET) Signs PPA for Clean Power, Cuts Emission (Zacks)
06:42AM	Summit Midstream Partners (SMLP) Sees Hammer Chart Pattern: Time to Buy? (Zacks)

Summit Midstream Corp. engages in operating midstream energy infrastructure assets that are strategically located in unconventional resource basins, primarily shale formations, in the continental United States. The company was founded on May 14, 2024 and is headquartered in Houston, TX.

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Deneke J Heath	Chairman, President and CEO	Dec 11 '24	Sale	37.09	1,000	37,090	270,006	Dec 13 09:10 PM
Deneke J Heath	Chairman, President and CEO	Dec 12 '24	Sale	36.22	1,000	36,220	269,006	Dec 13 09:10 PM
Deneke J Heath	Chairman, President and CEO	Dec 13 '24	Sale	35.95	1,000	35,950	268,006	Dec 13 09:10 PM
Johnston James David	Executive VP, GC, CCO and Secy	Dec 12 '24	Sale	36.20	20,000	724,000	28,201	Dec 13 08:41 PM
JAMES JOHNSTON	Officer	Dec 12 '24	Proposed Sale	36.58	20,000	731,600		Dec 12 04:47 PM
Deneke J Heath	Chairman, President and CEO	Dec 06 '24	Sale	37.78	1,000	37,780	273,006	Dec 10 07:00 PM
Deneke J Heath	Chairman, President and CEO	Dec 10 '24	Sale	37.59	1,000	37,590	271,006	Dec 10 07:00 PM
Deneke J Heath	Chairman, President and CEO	Dec 09 '24	Sale	37.22	1,000	37,220	272,006	Dec 10 07:00 PM
Deneke J Heath	Chairman, President and CEO	Dec 05 '24	Sale	37.77	1,000	37,770	274,006	Dec 06 08:16 PM
Deneke J Heath	Chairman, President and CEO	Dec 04 '24	Sale	37.43	1,000	37,430	275,006	Dec 06 08:16 PM
Deneke J Heath	Chairman, President and CEO	Dec 03 '24	Sale	37.85	1,000	37,850	276,006	Dec 03 07:32 PM
Deneke J Heath	Chairman, President and CEO	Dec 02 '24	Sale	37.80	1,000	37,800	277,006	Dec 03 07:32 PM
Deneke J Heath	Chairman, President and CEO	Nov 29 '24	Sale	37.20	1,000	37,200	278,006	Dec 03 07:32 PM
Deneke J Heath	Chairman, President and CEO	Nov 25 '24	Sale	37.16	1,000	37,160	281,006	Nov 27 04:53 PM
Deneke J Heath	Chairman, President and CEO	Nov 26 '24	Sale	37.07	1,000	37,070	280,006	Nov 27 04:53 PM
Deneke J Heath	Chairman, President and CEO	Nov 27 '24	Sale	36.85	1,000	36,850	279,006	Nov 27 04:53 PM
Deneke J Heath	Chairman, President and CEO	Nov 20 '24	Sale	35.82	1,000	35,820	284,006	Nov 22 06:01 PM
Deneke J Heath	Chairman, President and CEO	Nov 21 '24	Sale	35.75	1,000	35,750	283,006	Nov 22 06:01 PM
Deneke J Heath	Chairman, President and CEO	Nov 22 '24	Sale	35.74	1,000	35,740	282,006	Nov 22 06:01 PM
Deneke J Heath	Chairman, President and CEO	Nov 19 '24	Sale	35.91	1,000	35,910	285,006	Nov 19 06:06 PM
Deneke J Heath	Chairman, President and CEO	Nov 15 '24	Sale	35.61	1,000	35,610	287,006	Nov 19 06:06 PM
Deneke J Heath	Chairman, President and CEO	Nov 18 '24	Sale	35.54	1,000	35,540	286,006	Nov 19 06:06 PM
J. HEATH DENEKE	Director	Nov 15 '24	Proposed Sale	35.34	30,000	1,060,200		Nov 15 04:34 PM
PETERS JERRY L	Director	May 14 '24	Sale	34.03	10,000	340,300	30,239	May 17 06:42 AM
Johnston James David	See remarks below.	Mar 22 '24	Sale	25.21	3,400	85,714	48,201	Mar 22 07:59 PM
Johnston James David	See remarks below.	Mar 15 '24	Sale	20.25	600	12,150	22,250	Mar 19 08:19 PM
Johnston James David	See remarks below.	Mar 06 '24	Sale	20.25	3,300	66,825	22,850	Mar 06 07:07 PM
Johnston James David	See remarks below.	Feb 29 '24	Sale	21.10	700	14,770	26,150	Mar 01 05:49 PM

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SMC

Summit Midstream Corp

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