Revenue Breakdown
Composition ()
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Revenue Streams
Summit Midstream Corp (SMC) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Rockies, accounting for 57.3% of total sales, equivalent to $80.32M. Other significant revenue streams include Barnett Shale and Piceance Basin. Understanding this composition is critical for investors evaluating how SMC navigates market cycles within the Oil & Gas Transportation Services industry.
Profitability & Margins
Evaluating the bottom line, Summit Midstream Corp maintains a gross margin of 28.28%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at 19.32%, while the net margin is 3.40%. These profitability ratios, combined with a Return on Equity (ROE) of -7.51%, provide a clear picture of how effectively SMC converts its operational activities into shareholder value.
Comparative Benchmarking
In the context of the broader market, SMC competes directly with industry leaders such as MMLP and HMR. With a market capitalization of $559.27M, it holds a leading position in the sector. When comparing efficiency, SMC's gross margin of 28.28% stands against MMLP's 49.93% and HMR's 46.79%. Such benchmarking helps identify whether Summit Midstream Corp is trading at a premium or discount relative to its financial performance.
