In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Summit Midstream has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Earnings and Revenue Growth Forecasts

NYSE:SMLP - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2024	480	N/A	17	N/A	1
3/31/2024	466	81	52	121	N/A
12/31/2023	460	-63	58	127	N/A
9/30/2023	418	-72	53	113	N/A
6/30/2023	386	-82	42	90	N/A
3/31/2023	387	-159	64	102	N/A
12/31/2022	371	-128	68	99	N/A
9/30/2022	384	-121	100	134	N/A
6/30/2022	397	-110	105	139	N/A
3/31/2022	398	-32	129	160	N/A
12/31/2021	402	-44	140	165	N/A
9/30/2021	399	129	160	180	N/A
6/30/2021	387	197	158	179	N/A
3/31/2021	379	266	153	180	N/A
12/31/2020	384	263	155	199	N/A
9/30/2020	401	-67	115	181	N/A
6/30/2020	410	-141	84	183	N/A
3/31/2020	418	-194	39	179	N/A
12/31/2019	445	-213	-21	162	N/A
9/30/2019	465	-4	-26	189	N/A
6/30/2019	494	51	-19	202	N/A
3/31/2019	522	-4	9	229	N/A
12/31/2018	508	5	27	228	N/A
9/30/2018	500	-47	33	208	N/A
6/30/2018	497	-5	58	227	N/A
3/31/2018	470	62	76	227	N/A
12/31/2017	490	73	N/A	238	N/A
9/30/2017	489	107	N/A	258	N/A
6/30/2017	460	17	N/A	220	N/A
3/31/2017	448	-43	N/A	226	N/A
12/31/2016	403	-48	N/A	230	N/A
9/30/2016	388	-278	N/A	222	N/A
6/30/2016	408	-256	N/A	218	N/A
3/31/2016	406	-204	N/A	211	N/A
12/31/2015	401	-196	N/A	191	N/A
9/30/2015	412	-16	N/A	178	N/A
6/30/2015	381	-32	N/A	178	N/A
3/31/2015	380	-30	N/A	154	N/A
12/31/2014	388	-27	N/A	153	N/A
9/30/2014	335	27	N/A	153	N/A
6/30/2014	326	29	N/A	153	N/A
3/31/2014	311	33	N/A	164	N/A
12/31/2013	325	43	N/A	140	N/A
9/30/2013	259	20	N/A	124	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if SMLP's forecast earnings growth is above the savings rate (2.5%).

Earnings vs Market: Insufficient data to determine if SMLP's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if SMLP's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if SMLP's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if SMLP's revenue is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if SMLP's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/08/02 07:08
End of Day Share Price	2024/07/31 00:00
Earnings	2024/03/31
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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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. 1 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

This company listing is no longer active

Summit Midstream Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Price target increased to US$25.00

Price target increased to US$21.50

Price target increased to US$20.00

Price target decreased to US$17.67

Price target decreased to US$27.33

Price target increased to US$29.33

Recent updates

Summit Midstream Corporation Requests NYSE to File Form 25 with SEC to Delist Equity

Summit Midstream Partners: There Is A Lot Of Value Left To Capture

Summit Midstream Partners Shows Its Continued Dedication To Shareholders

Board Member recently sold US$340k worth of stock

New minor risk - Shareholder dilution

Investor sentiment improves as stock rises 24%

First quarter 2024 earnings released: EPS: US$12.72 (vs US$1.82 loss in 1Q 2023)

Summit Midstream Partners, LP Reports Long-Lived Asset Impairments for the First Quarter Ended March 31, 2024

Summit Midstream Partners, LP to Report Q1, 2024 Results on May 03, 2024

Summit Midstream Partners, LP, Annual General Meeting, May 09, 2024

Summit Midstream Partners: The Market Has Yet To Understand Its Recent Success

New minor risk - Share price stability

President exercised options and sold US$1.1m worth of stock

Summit Midstream Partners: Potential For Strong Performance, If It Can Survive

New minor risk - Shareholder dilution

Full year 2023 earnings released: US$3.77 loss per share (vs US$12.71 loss in FY 2022)

Summit Midstream Partners, LP Reports Long-Lived Asset Impairment for the Three Month Ended December 31, 2023

Summit Midstream Partners, LP to Report Q4, 2023 Results on Mar 15, 2024

Summit Midstream Partners Needs To Account For Rising Rates

Third quarter 2023 earnings released: EPS: US$0.37 (vs US$1.28 loss in 3Q 2022)

Summit Midstream Partners' Recent Earnings Are Just The Start

New minor risk - Share price stability

Summit Midstream Partners Is Risky

New major risk - Revenue and earnings growth

New minor risk - Shareholder dilution

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Summit Midstream Partners, LP to Report Q2, 2023 Results on Aug 09, 2023

Insufficient new directors

Summit Midstream Partners: Can It Survive Low Utilization?

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

President exercised options and sold US$826k worth of stock

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Summit Midstream Partners GAAP EPS of -$3.03, revenue of $85.72M, introduces FY23 outlook

Summit Midstream Partners, LP to Report Q4, 2022 Results on Feb 24, 2023

Price target increased to US$25.00

Summit Midstream Partners Is Playing With Fire

Summit Midstream Partners: Lofty Goals For 2023

Price target increased to US$21.50

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Summit Midstream Partners, LP Announces Impairment Charges for the Third Quarter Ended September 30, 2022

High number of new directors

Price target increased to US$20.00

Summit Midstream Partners, LP to Report Q3, 2022 Results on Nov 03, 2022

Summit Midstream Partners: Trying To Spend Their Way Out Of Overleverage

President exercised options and sold US$107k worth of stock

Summit Midstream: Arguably A $25+ Stock, Yet Trading In The Low $16s

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Summit Midstream Partners, LP Reports Impairment for the Second Quarter Ended June 30, 2022

Summit Midstream Partners, LP to Report Q2, 2022 Results on Aug 04, 2022

Summit Midstream Partners: Common Unitholders Getting Squeezed Out

Price target decreased to US$17.67

Summit Midstream Partners, LP, Annual General Meeting, Jun 24, 2022

Summit Midstream Partners, LP, Annual General Meeting, May 26, 2022

Summit Midstream Partners: Keep Trusting Management

First quarter 2022 earnings released: US$0.001 loss per share (vs US$0.13 profit in 1Q 2021)

Summit Midstream Partners, LP Reports Impairment Charges for the First Quarter Ended March 31, 2022

High number of new directors

Summit Midstream Partners, LP to Report Q1, 2022 Results on May 03, 2022

Summit Midstream Partners, LP, Annual General Meeting, May 10, 2022

Whoops! The Market Forgot About Summit Midstream Partners

President exercised options and sold US$358k worth of stock

Legacy Ridge Capital - Summit Midstream Partners: Lots Of Potential Upside

Summit Midstream: A Granular Look At Its (Super) Conservative FY 2022 Guidance

Price target decreased to US$27.33

Full year 2021 earnings: EPS exceeds analyst expectations

Summit Midstream Partners, LP Reports Asset Impairment Charges for the Fourth Quarter Ended December 31, 2021

Summit Midstream Partners, LP to Report Q4, 2021 Results on Feb 25, 2022

Summit Midstream Partners Deserves More From The Market