SMC Income Statement - TTM - Summit Midstream Corporation

Income Statement (TTM)

Summit Midstream Corporation Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.

All numbers are times 1,000,000 except per share units.

	2020 09-30	2020 12-31	2021 03-31	2021 06-30	2021 09-30	2021 12-31	2022 03-31	2022 06-30	2022 09-30	2022 12-31	2023 03-31	2023 06-30	2023 09-30	2023 12-31	2024 03-31	2024 06-30	2024 09-30	2024 12-31	2025 03-31	2025 06-30
Revenue	401	384	379	387	399	402	398	397	384	371	387	386	418	460	466	470	451	431	444	483
Change (%)		-4.02	-1.45	2.12	3.07	0.70	-0.79	-0.25	-3.36	-3.51	4.42	-0.30	8.43	9.95	1.39	0.73	-4.00	-4.50	3.21	8.75
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

Cost Of Sales	125	123	130	137	148	156	158	173	168	161	177	173	189	213	214	221	221	216	230	252
Change (%)		-1.59	5.73	5.31	8.09	5.75	1.44	9.45	-2.82	-4.45	9.65	-2.25	9.45	12.89	0.16	3.71	-0.25	-2.24	6.38	9.62
% of Revenue	31.12	31.91	34.24	35.31	37.03	38.89	39.76	43.63	43.87	43.45	45.62	44.73	45.15	46.36	45.80	47.16	49.00	50.16	51.70	52.11

Gross Operating Profit	276	262	249	250	251	245	240	224	216	210	210	213	229	247	253	248	230	215	215	231
Change (%)		-5.13	-4.82	0.46	0.34	-2.26	-2.22	-6.65	-3.78	-2.78	0.40	1.33	7.60	7.52	2.45	-1.78	-7.34	-6.67	0.03	7.83
% of Revenue	68.88	68.09	65.76	64.69	62.97	61.11	60.24	56.37	56.13	56.55	54.38	55.27	54.85	53.64	54.20	52.84	51.00	49.84	48.30	47.89

SG&A	49	64	61	59	57	59	59	62	62	45	44	42	45	42	47	50	52	56	57	59
Change (%)		32.60	-5.31	-3.27	-3.37	3.90	0.37	4.34	0.12	-27.55	-1.27	-4.65	6.02	-6.07	11.39	7.14	2.63	7.67	3.27	2.36
% of Revenue	12.11	16.74	16.08	15.23	14.28	14.73	14.91	15.59	16.15	12.13	11.47	10.97	10.73	9.16	10.07	10.71	11.45	12.90	12.91	12.15

R&D
Change (%)
% of Revenue

OpEx	292	306	309	312	323	334	339	358	351	326	340	334	355	379	382	387	381	373	389	419
Change (%)		5.00	0.80	1.18	3.38	3.59	1.31	5.70	-1.95	-7.16	4.40	-1.77	6.22	6.76	0.84	1.32	-1.67	-2.02	4.35	7.60
% of Revenue	72.78	79.63	81.45	80.70	80.94	83.26	85.03	90.09	91.41	87.96	87.94	86.65	84.89	82.43	81.98	82.46	84.46	86.66	87.61	86.68

Operating Income	109	78	70	75	76	67	60	39	33	45	47	51	63	81	84	82	70	57	55	64
Change (%)		-28.16	-10.27	6.26	1.79	-11.55	-11.28	-34.00	-16.24	35.32	4.54	10.39	22.75	27.85	3.95	-1.95	-14.95	-17.98	-4.19	16.93
% of Revenue	27.22	20.37	18.55	19.30	19.06	16.74	14.97	9.91	8.59	12.04	12.06	13.35	15.11	17.57	18.02	17.54	15.54	13.34	12.39	13.32

Interest Expense	-88	-79	-69	-65	-59	-66	-69	-72	-79	-86	-104	-115	-133	-141	-148	-153	-148	-115	-104	-98
Change (%)		-10.61	-12.51	-5.51	-9.48	12.05	4.80	3.99	9.11	9.39	21.34	10.49	14.87	6.24	4.79	3.94	-3.43	-22.04	-9.73	-6.31
% of Revenue	-22.03	-20.52	-18.22	-16.86	-14.81	-16.47	-17.40	-18.14	-20.48	-23.22	-26.98	-29.91	-31.68	-30.62	-31.65	-32.65	-32.85	-26.81	-23.45	-20.20

Net Income	-84	192	196	118	99	-20	-29	-101	-116	-123	-138	-59	-48	-39	101	84	-118	-113	-241	-218
Change (%)		-329.17	1.74	-39.78	-15.80	-120.11	45.08	249.00	14.65	6.61	11.47	-56.87	-19.65	-18.34	-359.72	-17.22	-240.54	-3.83	112.94	-9.51
% of Revenue	-20.96	50.04	51.66	30.46	24.88	-4.97	-7.27	-25.42	-30.15	-33.32	-35.57	-15.39	-11.40	-8.47	21.70	17.83	-26.10	-26.29	-54.23	-45.12

Source: Capital IQ

Summit Midstream Corporation - Income Statement (TTM)

Income Statement (TTM)