Summit Midstream Corp. (SMC)
Summit Midstream Corp. operates in the Oil & Gas Midstream industry of the Energy sector, headquartered in Houston, TX, US. The stock last traded at $34.82, up 0.40% on the session, giving a market capitalisation of $481.0M. On trailing twelve-month figures it carries a trailing P/E of -31.65, a net margin of -0.5%. Its beta of 0.73 implies it has historically moved less than the broad market.
Summit Midstream Corporation specializes in managing and developing critical energy infrastructure, primarily across the continental United States' significant shale formations. The company oversees extensive collection networks for natural gas, crude oil, and produced water. These operations span four major unconventional resource basins: the Williston Basin in North Dakota (encompassing the Bakken and Three Forks shale plays), the Denver-Julesburg Basin across Colorado and Wyoming (with its Niobrara and Codell formations), the Fort Worth Basin in Texas (featuring the Barnett Shale), and Colorado's Piceance Basin (home to the Mesaverde, and emerging Mancos and Niobrara formations). Their services cater directly to natural gas and crude oil producers. Established in 2012, Summit Midstream Corporation maintains its headquarters in Houston, Texas.
Summit Midstream Corp. is most often compared with the following Energy names: