Page 167 - NobleCon21

Summit Midstream Corporation

SELECTED FINANCIAL ITEMS SMC
(in millions of USD)
CQ4 '24 CQ1 '25 CQ2 '25 CQ3 '25 LTM
Income Statement Key Items
Total Revenue 107.96 132.70 140.22 146.88 527.75
Gross Profit 52.96 63.73 65.06 70.39 252.15
Gross Margin 49% 48% 46% 48% 48%
EBIT 12.51 18.62 19.49 28.37 78.99
EBIT Margin 12% 14% 14% 19% 15%
Net Income to Common Shareholders (24.78) (2.88) (11.01) (2.13) (40.80)
Net Margin -23% -2% -8% -1% -8%

Balance Sheet Key Items
Total Assets 2,359.48 2,434.18 2,423.04 2,413.51 2,413.51
Cash & Short Term Investments 22.82 26.23 20.90 24.63 24.63
% of Assets 1% 1% 1% 1% 1%
Current Assets -Total 118.27 119.76 116.07 112.15 112.15
% of Assets 5% 5% 5% 5% 5%
Total Liabilities 1,261.41 1,331.31 1,327.06 1,316.47 1,316.47
% of Assets 53% 55% 55% 55% 55%
Current Liabilities - Total 174.80 150.61 157.39 147.45 147.45
% of Assets 7% 6% 6% 6% 6%
Long Term Debt 977.00 1,067.17 1,058.66 1,065.05 1,065.05
% of Assets 41% 44% 44% 44% 44%
Total Equity 1,098.07 1,102.87 1,095.99 1,097.05 1,097.05
% of Assets 47% 45% 45% 45% 45%

Cash Flow Statement Key Items
Net Cash Flow - Operating Activities 21.65 16.03 37.21 26.68 101.57
Net Cash Flow - Investing (172.35) (93.09) (26.97) (23.67) (316.08)
Net Cash Flow - Financing 31.54 81.47 (14.35) (0.07) 98.59

Source: Capital IQ

PRICE / VOLUME

Source: Channelchek/QuoteMedia

Noble Capital Markets' Twenty-First Annual Emerging Growth Equity Conference