SMC Financial Statements

Balance sheet, income statement, cash flow, and dividends for Summit Midstream Corp (SMC).


$402.31M Market Cap.

As of 03/11/2025 5:00 PM ET (MRY) • Disclaimer

SMC Market Cap. (MRY)


SMC Shares Outstanding (MRY)


SMC Assets (MRY)


Total Assets

$2.36B

Total Liabilities

$1.26B

Total Investments

$269.56M

SMC Income (MRY)


Revenue

$429.62M

Net Income

-$122.16M

Operating Expense

$255.59M

SMC Cash Flow (MRY)


CF Operations

$61.77M

CF Investing

$487.06M

CF Financing

-$540.28M

SMC Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2024

$0

0%

0%

0%

-

2023

$0

0%

0%

0%

-

2022

$0

0%

0%

0%

-

2021

$0

0%

0%

0%

-

2020

$1.88

15.00%

-

2.56%

39.05

SMC Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$2,359,484,000 (-5.40%)

$2,494,198,000 (-2.57%)

$2,559,964,000 (1.49%)

$2,522,462,000 (0.91%)

Assets Current

$118,271,000 (20.17%)

$98,422,000 (0.90%)

$97,542,000 (11.64%)

$87,369,000 (6.42%)

Assets Non-Current

$2,241,213,000 (-6.45%)

$2,395,776,000 (-2.71%)

$2,462,422,000 (1.12%)

$2,435,093,000 (0.72%)

Goodwill & Intangible Assets

$154,279,000 (-12.14%)

$175,592,000 (-11.64%)

$198,718,000 (14.91%)

$172,927,000 (-13.35%)

Shareholders Equity

$467,792,000 (-34.90%)

$718,563,000 (-6.05%)

$764,818,000 (-15.43%)

$904,363,000 (-2.01%)

Property Plant & Equipment Net

$1,785,029,000 (5.09%)

$1,698,585,000 (-1.17%)

$1,718,754,000 (-0.42%)

$1,726,082,000 (-4.84%)

Cash & Equivalents

$25,199,000 (51.39%)

$16,645,000 (23.01%)

$13,531,000 (-30.87%)

$19,572,000 (25.91%)

Accumulated Other Comprehensive Income

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Deferred Revenue

$34,968,000 (-13.19%)

$40,281,000 (-13.83%)

$46,748,000 (-11.70%)

$52,944,000 (-9.09%)

Total Investments

$269,561,000 (-44.58%)

$486,434,000 (-4.00%)

$506,677,000 (-3.16%)

$523,196,000 (33.22%)

Investments Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Non-Current

$269,561,000 (-44.58%)

$486,434,000 (-4.00%)

$506,677,000 (-3.16%)

$523,196,000 (33.22%)

Inventory

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Receivables

$77,058,000 (1.03%)

$76,275,000 (1.31%)

$75,287,000 (21.19%)

$62,121,000 (0.31%)

Trade & Non-Trade Payables

$25,162,000 (10.78%)

$22,714,000 (61.64%)

$14,052,000 (33.85%)

$10,498,000 (-11.62%)

Accumulated Retained Earnings (Deficit)

-$183,333,000

-

-

-

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$72,870,000 (752.98%)

$8,543,000 (-16.61%)

$10,245,000 (19.54%)

$8,570,000 (-5.68%)

Total Debt

$993,575,000 (-32.44%)

$1,470,690,000 (-1.32%)

$1,490,362,000 (9.98%)

$1,355,072,000 (0.57%)

Debt Current

$16,580,000 (6.80%)

$15,524,000 (47.75%)

$10,507,000 (0%)

$0 (0%)

Debt Non-Current

$976,995,000 (-32.86%)

$1,455,166,000 (-1.67%)

$1,479,855,000 (9.21%)

$1,355,072,000 (0.57%)

Total Liabilities

$1,261,413,000 (-23.60%)

$1,650,983,000 (-1.53%)

$1,676,562,000 (10.90%)

$1,511,774,000 (1.65%)

Liabilities Current

$174,801,000 (30.44%)

$134,012,000 (13.68%)

$117,889,000 (48.78%)

$79,237,000 (15.83%)

Liabilities Non-Current

$1,086,612,000 (-28.37%)

$1,516,971,000 (-2.68%)

$1,558,673,000 (8.81%)

$1,432,537,000 (0.96%)

SMC Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$429,619,000 (-6.38%)

$458,903,000 (24.16%)

$369,594,000 (-7.74%)

$400,618,000 (4.47%)

Cost of Revenue

$215,964,000 (1.30%)

$213,203,000 (32.44%)

$160,978,000 (3.09%)

$156,147,000 (27.28%)

Selling General & Administrative Expense

$55,562,000 (31.87%)

$42,135,000 (-6.25%)

$44,943,000 (-22.73%)

$58,166,000 (-20.80%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$255,591,000 (51.16%)

$169,084,000 (-35.49%)

$262,103,000 (38.90%)

$188,701,000 (-8.99%)

Interest Expense

$115,446,000 (-18.00%)

$140,784,000 (37.41%)

$102,459,000 (54.87%)

$66,156,000 (-16.15%)

Income Tax Expense

$146,678,000 (45452.17%)

$322,000 (-0.92%)

$325,000 (199.39%)

-$327,000 (-123.97%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

-$113,175,000 (-190.59%)

-$38,947,000 (68.45%)

-$123,461,000 (-518.88%)

-$19,949,000 (-110.55%)

Net Income to Non-Controlling Interests

$8,984,000 (-28.59%)

$12,581,000 (-26.62%)

$17,144,000 (2.86%)

$16,667,000 (609.07%)

Net Income

-$122,159,000 (-137.07%)

-$51,528,000 (63.35%)

-$140,605,000 (-284.00%)

-$36,616,000 (-120.47%)

Preferred Dividends Income Statement Impact

$13,337,000 (15.31%)

$11,566,000 (189.48%)

-$12,926,000 (-268.48%)

$7,672,000 (109.12%)

Net Income Common Stock

-$135,496,000 (-114.75%)

-$63,094,000 (50.58%)

-$127,679,000 (-188.29%)

-$44,288,000 (-116.84%)

Weighted Average Shares

$10,600,000 (2.57%)

$10,334,000 (2.85%)

$10,048,000 (49.06%)

$6,741,000 (87.67%)

Weighted Average Shares Diluted

$10,600,000 (2.57%)

$10,334,000 (2.85%)

$10,048,000 (49.06%)

$6,741,000 (82.49%)

Earning Before Interest & Taxes (EBIT)

$139,965,000 (56.25%)

$89,578,000 (336.85%)

-$37,821,000 (-229.47%)

$29,213,000 (-88.66%)

Gross Profit

$213,655,000 (-13.04%)

$245,700,000 (17.78%)

$208,616,000 (-14.67%)

$244,471,000 (-6.26%)

Operating Income

-$41,936,000 (-154.74%)

$76,616,000 (243.24%)

-$53,487,000 (-195.91%)

$55,770,000 (4.35%)

SMC Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

$487,059,000 (751.53%)

-$74,756,000 (67.00%)

-$226,558,000 (-36.70%)

-$165,729,000 (-17.90%)

Net Cash Flow from Financing

-$540,276,000 (-1001.79%)

-$49,036,000 (-140.27%)

$121,773,000 (2514.28%)

$4,658,000 (105.87%)

Net Cash Flow from Operations

$61,771,000 (-51.33%)

$126,906,000 (28.52%)

$98,744,000 (-40.19%)

$165,099,000 (-16.86%)

Net Cash Flow / Change in Cash & Cash Equivalents

$8,554,000 (174.69%)

$3,114,000 (151.55%)

-$6,041,000 (-249.98%)

$4,028,000 (118.84%)

Net Cash Flow - Business Acquisitions and Disposals

$207,416,000 (0%)

$0 (0%)

-$192,587,000 (0%)

$0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

-$3,880,000 (-10.86%)

-$3,500,000 (58.55%)

-$8,444,000 (94.32%)

-$148,699,000 (-48.81%)

Capital Expenditure

$279,123,000 (505.08%)

-$68,905,000 (-126.13%)

-$30,472,000 (-21.74%)

-$25,030,000 (41.96%)

Issuance (Repayment) of Debt Securities

-$530,483,000 (-1195.41%)

-$40,951,000 (-131.91%)

$128,315,000 (2355.79%)

$5,225,000 (123.80%)

Issuance (Purchase) of Equity Shares

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$8,561,000 (30.38%)

$6,566,000 (73.80%)

$3,778,000 (-20.36%)

$4,744,000 (-41.51%)

Depreciation Amortization & Accretion

$103,243,000 (-19.01%)

$127,475,000 (5.46%)

$120,878,000 (-0.18%)

$121,099,000 (-0.99%)

SMC Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

49.70% (-7.10%)

53.50% (-5.14%)

56.40% (-7.54%)

61.00% (-10.29%)

Profit Margin

-31.50% (-129.93%)

-13.70% (60.29%)

-34.50% (-210.81%)

-11.10% (-116.18%)

EBITDA Margin

56.60% (19.66%)

47.30% (110.22%)

22.50% (-40.00%)

37.50% (-62.16%)

Return on Average Equity (ROAE)

-19.40% (-125.58%)

-8.60% (45.22%)

-15.70% (-227.08%)

-4.80% (-115.05%)

Return on Average Assets (ROAA)

-6.20% (-148.00%)

-2.50% (52.83%)

-5.30% (-194.44%)

-1.80% (-117.65%)

Return on Sales (ROS)

32.60% (67.18%)

19.50% (291.18%)

-10.20% (-239.73%)

7.30% (-89.14%)

Return on Invested Capital (ROIC)

5.20% (108.00%)

2.50% (327.27%)

-1.10% (-222.22%)

0.90% (-87.14%)

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

0% (0%)

Price to Earnings Ratio (P/E)

-2.96 (-0.85%)

-2.93 (-123.40%)

-1.31 (61.17%)

-3.38 (-2076.02%)

Price to Sales Ratio (P/S)

0.93 (131.27%)

0.4 (-11.04%)

0.45 (21.12%)

0.37 (219.66%)

Price to Book Ratio (P/B)

0.86 (232.05%)

0.26 (16.67%)

0.22 (26.14%)

0.18 (245.10%)

Debt to Equity Ratio (D/E)

2.7 (17.36%)

2.3 (4.84%)

2.19 (31.10%)

1.67 (3.72%)

Earnings Per Share (EPS)

-12.78 (-109.17%)

-6.11 (51.93%)

-12.71 (-93.46%)

-6.57 (-108.97%)

Sales Per Share (SPS)

40.53 (-8.73%)

44.41 (20.73%)

36.78 (-38.11%)

59.43 (-44.33%)

Free Cash Flow Per Share (FCFPS)

32.16 (472.96%)

5.61 (-17.40%)

6.79 (-67.30%)

20.78 (-51.99%)

Book Value Per Share (BVPS)

44.13 (-36.53%)

69.53 (-8.65%)

76.12 (-43.26%)

134.16 (-47.78%)

Tangible Assets Book Value Per Share (TABVPS)

208.04 (-7.28%)

224.37 (-4.52%)

235 (-32.58%)

348.54 (-45.57%)

Enterprise Value Over EBIT (EV/EBIT)

9 (-50.00%)

18 (151.43%)

-35 (-170.00%)

50 (733.33%)

Enterprise Value Over EBITDA (EV/EBITDA)

5 (-33.16%)

7.47 (-53.33%)

16.01 (63.63%)

9.79 (140.98%)

Asset Turnover

0.2 (8.24%)

0.18 (18.18%)

0.15 (-4.35%)

0.16 (8.05%)

Current Ratio

0.68 (-7.77%)

0.73 (-11.25%)

0.83 (-25.02%)

1.1 (-8.08%)

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Free Cash Flow (FCF)

$340,894,000 (487.74%)

$58,001,000 (-15.04%)

$68,272,000 (-51.26%)

$140,069,000 (-9.90%)

Enterprise Value (EV)

$1,214,906,319 (-25.10%)

$1,622,032,545 (21.96%)

$1,329,979,388 (-9.59%)

$1,470,987,315 (-4.66%)

Earnings Before Tax (EBT)

$24,519,000 (147.88%)

-$51,206,000 (63.50%)

-$140,280,000 (-279.72%)

-$36,943,000 (-120.67%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$243,208,000 (12.05%)

$217,053,000 (161.33%)

$83,057,000 (-44.74%)

$150,312,000 (-60.44%)

Invested Capital

$2,998,780,000 (-17.59%)

$3,638,639,000 (-2.19%)

$3,720,188,000 (3.17%)

$3,605,798,000 (1.18%)

Working Capital

-$56,530,000 (-58.84%)

-$35,590,000 (-74.92%)

-$20,347,000 (-350.21%)

$8,132,000 (-40.60%)

Tangible Asset Value

$2,205,205,000 (-4.89%)

$2,318,606,000 (-1.81%)

$2,361,246,000 (0.50%)

$2,349,535,000 (2.14%)

Market Capitalization

$402,307,319 (116.48%)

$185,837,545 (9.48%)

$169,745,388 (6.64%)

$159,170,315 (237.59%)

Average Equity

$697,735,500 (-5.02%)

$734,651,500 (-9.75%)

$814,042,000 (-11.09%)

$915,599,750 (11.18%)

Average Assets

$2,178,040,750 (-13.42%)

$2,515,519,750 (4.76%)

$2,401,187,250 (-3.66%)

$2,492,437,250 (-3.06%)

Invested Capital Average

$2,687,841,250 (-26.47%)

$3,655,278,250 (6.64%)

$3,427,839,250 (2.43%)

$3,346,501,500 (-9.15%)

Shares

10,648,685 (2.63%)

10,376,189 (1.96%)

10,176,582 (41.94%)

7,169,834 (89.93%)