Summit Midstream Corporation (SMC)
NYSE: SMC · Natural Gas Transmission · Houston, TX · filing with the SEC since 2024
Income statement, as filed
In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.| Fiscal year | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Period ending | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
| Report filed | Mar 16, 2026 | Mar 11, 2025 | · |
| Revenue | 562,091 | 429,619 | 458,903 |
| Cost of revenue | 149,139 | 114,996 | 112,462 |
| General and administrative | 61,018 | 55,562 | 42,135 |
| Total costs and expenses | 489,709 | 471,555 | 382,287 |
| Interest expense | 94,737 | 115,446 | 140,784 |
| Share of profit of equity-method investments | 20,784 | 24,197 | 33,829 |
| Income before income taxes | -2,407 | 33,503 | -38,625 |
| Income tax expense | -501 | 146,678 | 322 |
| Net income including non-controlling interests | -1,906 | -113,175 | -38,947 |
| Net income to non-controlling interests | -10,831 | -5,822 | 0 |
| Net income | -5,938 | -122,159 | -51,528 |
| Earnings per share, basic | -1.61 | -12.78 | -6.11 |
| Earnings per share, diluted | -1.61 | -12.78 | -6.11 |
| Weighted average shares, basic | 12,133 | 10,600 | 10,334 |
| Weighted average shares, diluted | 12,133 | 10,600 | 10,334 |
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it sold
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTaxCost of revenue what it cost to make or buy what it sold
us-gaap:CostOfGoodsAndServicesSoldGeneral and administrative the cost of running the company itself
us-gaap:GeneralAndAdministrativeExpenseTotal costs and expenses every operating cost, the cost of revenue included
us-gaap:CostsAndExpensesInterest expense what its borrowing cost
us-gaap:InterestExpenseShare of profit of equity-method investments its share of companies it partly owns
us-gaap:IncomeLossFromEquityMethodInvestmentsIncome before income taxes profit before tax
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterestIncome tax expense tax charged on the period's profit
us-gaap:IncomeTaxExpenseBenefitNet income including non-controlling interests the whole group's profit, minority holders' share included
us-gaap:ProfitLossNet income to non-controlling interests the share that belongs to minority holders
us-gaap:NetIncomeLossAttributableToNoncontrollingInterestNet income the profit or loss that belongs to the company's shareholders
us-gaap:NetIncomeLossEarnings per share, basic net income per share outstanding
us-gaap:EarningsPerShareBasicEarnings per share, diluted net income per share, counting every share that could be issued
us-gaap:EarningsPerShareDilutedWeighted average shares, basic the average count of shares outstanding
us-gaap:WeightedAverageNumberOfSharesOutstandingBasicWeighted average shares, diluted the average count with every share that could be issued
us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding