Added to YB: 2025-04-22
Pitch date: 2025-03-03
SMC [bullish]
Summit Midstream Corporation
-35.49%
current return
Author Info
No bio for this author
Company Info
Summit Midstream Corporation focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States.
Market Cap
$352.8M
Pitch Price
$41.98
Price Target
70.28 (+160%)
Dividend
N/A
EV/EBITDA
10.96
P/E
-2.18
EV/Sales
4.82
Sector
Oil, Gas and Consumable Fuels
Category
growth
Summit Midstream Corporation - $SMC
SMC: Midstream gas/oil co with 85% fixed take-or-pay contracts. Tall Oak acquisition enables capital return by 2025. At 7x target 2027 EBITDA ($300M), $70.28 PT. Catalysts: preferred dividends resumed (2/28/25), $43M accrued dividends payment (2H25), common div/buyback, shut-in volumes returning, debt reduction, FCF growth.
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