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Summit Midstream (SMC) Revenue & Revenue Breakdown

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Summit Midstream Revenue Highlights

Latest Revenue (Y)

$429.62M

Latest Revenue (Q)

$101.31M

Main Segment (Y)

Gathering Servicesand Related Fees

Main Geography (Y)

Northeast Segment

Summit Midstream Revenue by Period

Summit Midstream Revenue by Year

DateRevenueChange
2024-12-31$429.62M-6.38%
2023-12-31$458.90M24.16%
2022-12-31$369.59M-7.74%
2021-12-31$400.62M4.47%
2020-12-31$383.47M-13.78%
2019-12-31$444.75M-

Summit Midstream generated $429.62M in revenue during NA 2024, up -6.38% compared to the previous quarter, and up 96.60% compared to the same period a year ago.

Summit Midstream Revenue by Quarter

DateRevenueChange
2024-06-30$101.31M-14.77%
2024-03-31$118.87M-6.63%
2023-12-31$127.32M5.05%
2023-09-30$121.19M23.80%
2023-06-30$97.89M-12.98%
2023-03-31$112.50M29.82%
2022-12-31$86.66M-2.28%
2022-09-30$88.68M-

Summit Midstream generated $101.31M in revenue during Q2 2024, up -14.77% compared to the previous quarter, and up 90.06% compared to the same period a year ago.

Summit Midstream Revenue Breakdown

Summit Midstream Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24
Other Products And Services$33.75M
Gathering Servicesand Related Fees$200.84M
Natural Gas N G L And Condensate Sales$195.03M

Summit Midstream's latest annual revenue breakdown by segment (product or service), as of Dec 24: Gathering Servicesand Related Fees (46.75%), Natural Gas N G L And Condensate Sales (45.40%), and Other Products And Services (7.86%).

Quarterly Revenue by Product

Product/ServiceDec 24Sep 24
Natural Gas N G L And Condensate Sales$146.78M$48.24M
Gathering Services And Related Fees-$44.01M
Product and Service, Other-$10.16M

Summit Midstream's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Natural Gas N G L And Condensate Sales (100.00%).

Summit Midstream Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 24
Northeast Segment$18.85M

Summit Midstream's latest annual revenue breakdown by geography, as of Dec 24: Northeast Segment (100.00%).

Quarterly Revenue by Country

CountrySep 24
Northeast Segment-

SMC Revenue FAQ

What is Summit Midstream’s yearly revenue?

Summit Midstream's yearly revenue for 2024 was $429.62M, representing a decrease of -6.38% compared to 2023. The company's yearly revenue for 2023 was $458.9M, representing an increase of 24.16% compared to 2022. SMC's yearly revenue for 2022 was $369.59M, representing a decrease of -7.74% compared to 2021.

What is Summit Midstream’s quarterly revenue?

Summit Midstream's quarterly revenue for Q2 2024 was $101.32M, a -14.77% decrease from the previous quarter (Q1 2024), and a 3.50% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $118.87M, a -6.63% decrease from the previous quarter (Q4 2023), and a 5.66% increase year-over-year (Q1 2023). SMC's quarterly revenue for Q4 2023 was $127.32M, a 5.05% increase from the previous quarter (Q3 2023), and a 46.91% increase year-over-year (Q4 2022).

What is Summit Midstream’s revenue growth rate?

Summit Midstream's revenue growth rate for the last 3 years (2022-2024) was 16.24%, and for the last 5 years (2020-2024) was 12.03%.

What are Summit Midstream’s revenue streams?

Summit Midstream's revenue streams in c 24 are Other Products And Services, Gathering Servicesand Related Fees, and Natural Gas N G L And Condensate Sales. Other Products And Services generated $33.75M in revenue, accounting 7.86% of the company's total revenue Gathering Servicesand Related Fees generated $200.84M in revenue, accounting 46.75% of the company's total revenue Natural Gas N G L And Condensate Sales generated $195.03M in revenue, accounting 45.40% of the company's total revenue

What is Summit Midstream’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Summit Midstream was Gathering Servicesand Related Fees. This segment made a revenue of $200.84M, representing 46.75% of the company's total revenue.