Summit Midstream Corporation (SMC)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2025 | 12-2024 | 12-2023 | 12-2022 | 12-2021 | |
| Cash Flows From Operating Activities | |||||
| Net Income | -1,906 | -113,175 | -38,947 | -123,461 | -19,949 |
| Depreciation Amortization | 119,130 | 113,024 | 136,387 | 129,319 | 127,012 |
| Income taxes - deferred | -699 | 146,831 | N/A | N/A | N/A |
| Accounts receivable | 9,851 | 3,004 | -3,352 | 284 | -178 |
| Accounts payable and accrued liabilities | 5,548 | 1,119 | 4,483 | 2,248 | -89 |
| Other Working Capital | 2,437 | 1,098 | -277 | -3,599 | 2,750 |
| Other Operating Activity | -766 | -90,130 | 28,612 | 93,953 | 55,553 |
| Operating Cash Flow | $133,595 | $61,771 | $126,906 | $98,744 | $165,099 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -89,042 | -49,211 | -68,645 | -25,527 | -17,030 |
| Net Acquisitions | -69,997 | 247,884 | N/A | -306,527 | N/A |
| Other Investing Activity | -4,111 | 288,386 | -6,111 | 105,496 | -148,699 |
| Investing Cash Flow | $-163,150 | $487,059 | $-74,756 | $-226,558 | $-165,729 |
| Cash Flows From Financing Activities | |||||
| Change In Short Term Borrowing | N/A | 565,800 | N/A | N/A | N/A |
| Debt Issued | 391,438 | 305,000 | 99,480 | 377,371 | 1,149,500 |
| Debt Repayment | -325,000 | -592,829 | -116,650 | -234,647 | -1,124,047 |
| Dividend Paid | -19,906 | -6,513 | -6,512 | -3,257 | N/A |
| Other Financing Activity | -22,497 | -811,734 | -25,354 | -17,694 | -20,795 |
| Financing Cash Flow | $24,035 | $-540,276 | $-49,036 | $121,773 | $4,658 |
| Beginning Cash Position | 25,199 | 16,645 | 13,531 | 19,572 | 15,544 |
| End Cash Position | 19,679 | 25,199 | 16,645 | 13,531 | 19,572 |
| Net Cash Flow | $-5,520 | $8,554 | $3,114 | $-6,041 | $4,028 |
| Free Cash Flow | |||||
| Operating Cash Flow | 133,595 | 61,771 | 126,906 | 98,744 | 165,099 |
| Capital Expenditure | -89,042 | -53,611 | -68,905 | -30,472 | -25,030 |
| Free Cash Flow | 44,553 | 8,160 | 58,001 | 68,272 | 140,069 |