Summit Midstream Management
Management criteria checks 2/4
Summit Midstream's CEO is J. Deneke, appointed in Sep 2019, has a tenure of 5.33 years. total yearly compensation is $5.08M, comprised of 12.8% salary and 87.2% bonuses, including company stock and options. directly owns 2.43% of the company’s shares, worth $9.79M. The average tenure of the management team and the board of directors is 4.9 years and 4.6 years respectively.
Key information
J. Deneke
Chief executive officer
US$5.1m
Total compensation
| CEO salary percentage | 12.8% |
| CEO tenure | 5.3yrs |
| CEO ownership | 2.4% |
| Management average tenure | 4.9yrs |
| Board average tenure | 4.6yrs |
Recent management updates
Recent updates
Summit Midstream Has A New Major Shareholder
Dec 09Summit Midstream Keeps Digging
Oct 15Benign Growth For Summit Midstream Corporation (NYSE:SMC) Underpins Its Share Price
Oct 04
Summit Midstream Corporation: Many Tailwinds Are Now In Play
Oct 03Summit Midstream's Earnings Reaffirm It As A Great Small Cap
Aug 27CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$132m |
| Jun 30 2024 | n/a | n/a | US$70m |
| Mar 31 2024 | n/a | n/a | US$81m |
| Dec 31 2023 | US$5m | US$650k | -US$63m |
| Sep 30 2023 | n/a | n/a | -US$72m |
| Jun 30 2023 | n/a | n/a | -US$82m |
| Mar 31 2023 | n/a | n/a | -US$159m |
| Dec 31 2022 | US$4m | US$624k | -US$128m |
| Sep 30 2022 | n/a | n/a | -US$121m |
| Jun 30 2022 | n/a | n/a | -US$110m |
| Mar 31 2022 | n/a | n/a | -US$32m |
| Dec 31 2021 | US$4m | US$600k | -US$44m |
| Sep 30 2021 | n/a | n/a | US$129m |
| Jun 30 2021 | n/a | n/a | US$197m |
| Mar 31 2021 | n/a | n/a | US$266m |
| Dec 31 2020 | US$2m | US$600k | US$263m |
| Sep 30 2020 | n/a | n/a | -US$67m |
| Jun 30 2020 | n/a | n/a | -US$141m |
| Mar 31 2020 | n/a | n/a | -US$194m |
| Dec 31 2019 | US$5m | US$162k | -US$213m |
Compensation vs Market: J.'s total compensation ($USD5.08M) is above average for companies of similar size in the US market ($USD2.14M).
Compensation vs Earnings: J.'s compensation has increased whilst the company is unprofitable.
CEO
J. Deneke (50 yo)
5.3yrs
Tenure
US$5,080,645
Compensation
Mr. J. Heath Deneke is Chairman of Summit Midstream Corporation from May 28, 2020. Mr. Deneke is President, CEO & Director of Summit Midstream Corporation from September 16, 2019. Mr. Deneke joined the Sum...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.3yrs | US$5.08m | 2.43% $ 9.8m | |
| Executive VP & CFO | 2.9yrs | US$1.66m | 0.38% $ 1.5m | |
| Executive VP | 4.3yrs | US$1.85m | 0.26% $ 1.1m | |
| Senior Vice President of Engineering & Operations | no data | no data | no data | |
| Senior VP & Chief Accounting Officer | 4.9yrs | no data | 0.19% $ 781.1k | |
| Director of Finance | no data | no data | no data | |
| VP & Controller | 8.3yrs | no data | no data |
4.9yrs
Average Tenure
48.5yo
Average Age
Experienced Management: SMC's management team is considered experienced (4.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.3yrs | US$5.08m | 2.43% $ 9.8m | |
| Director | less than a year | no data | no data | |
| Director | less than a year | no data | no data | |
| Independent Director | 12.3yrs | US$213.60k | 0.28% $ 1.1m | |
| Independent Lead Director | 4.6yrs | US$220.60k | 0.28% $ 1.1m | |
| Independent Director | 4.7yrs | US$196.60k | 0.28% $ 1.1m | |
| Independent Director | 4.7yrs | US$208.60k | 0.28% $ 1.1m | |
| Director | less than a year | no data | no data | |
| Director | less than a year | no data | no data | |
| Independent Director | 5.8yrs | US$211.60k | 0.37% $ 1.5m | |
| Independent Director | 2.9yrs | US$193.60k | 0.18% $ 732.6k |
4.6yrs
Average Tenure
53yo
Average Age
Experienced Board: SMC's board of directors are considered experienced (4.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/03 16:21 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Summit Midstream Corporation is covered by 15 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ethan Bellamy | Baird |
| Heejung Ryoo | Barclays |
| Gabriel Moreen | BofA Global Research |