Summit Midstream Corporation (SMC)
[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [NYSE]
[[ item.bidPrice ]] x [[ item.bidSize ]] [[ item.askPrice ]] x [[ item.askSize ]]
[[ session ]] by (Cboe BZX)
[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [NYSE]
[[ item.bidPrice ]] x [[ item.bidSize ]] [[ item.askPrice ]] x [[ item.askSize ]]
[[ session ]] [[ item.lastPriceExt ]] [[ item.priceChangeExt ]] ([[ item.percentChangeExt ]]) [[ item.tradeTimeExt ]]
Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 06-2024 | 03-2024 | 12-2023 | 09-2023 | 06-2023 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 109,149 | 132,927 | -38,947 | -23,829 | -27,703 |
| Depreciation Amortization | 59,157 | 31,607 | 136,387 | 100,931 | 66,750 |
| Accounts receivable | 14,462 | 2,961 | -3,352 | -3,765 | 14,783 |
| Accounts payable and accrued liabilities | -6,076 | -3,497 | 4,483 | 1,525 | 81 |
| Other Working Capital | -1,305 | 21,466 | -277 | 19,469 | 7,350 |
| Other Operating Activity | -144,414 | -141,848 | 28,612 | 16,428 | -9,621 |
| Operating Cash Flow | $30,973 | $43,616 | $126,906 | $110,759 | $51,640 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -22,520 | -16,371 | -68,645 | -49,735 | -32,050 |
| Net Acquisitions | 402,734 | 292,266 | N/A | N/A | N/A |
| Other Investing Activity | 291,824 | 332,734 | -6,111 | -6,111 | -6,167 |
| Investing Cash Flow | $672,038 | $608,629 | $-74,756 | $-55,846 | $-38,217 |
| Cash Flows From Financing Activities | |||||
| Debt Issued | N/A | N/A | 69,830 | 35,000 | 35,000 |
| Debt Repayment | -550,667 | -316,794 | -97,507 | -77,804 | -42,120 |
| Dividend Paid | -3,256 | -1,628 | -6,512 | -4,884 | -3,256 |
| Other Financing Activity | -5,517 | -2,424 | -14,847 | -1,861 | -1,701 |
| Financing Cash Flow | $-559,440 | $-320,846 | $-49,036 | $-49,549 | $-12,077 |
| Beginning Cash Position | 16,645 | 16,645 | 13,531 | 13,531 | 13,531 |
| End Cash Position | 160,216 | 348,044 | 16,645 | 18,895 | 14,877 |
| Net Cash Flow | $143,571 | $331,399 | $3,114 | $5,364 | $1,346 |
| Free Cash Flow | |||||
| Operating Cash Flow | 30,973 | 43,616 | 126,906 | 110,759 | 51,640 |
| Capital Expenditure | -26,920 | -16,398 | -68,905 | -49,863 | -32,178 |
| Free Cash Flow | 4,053 | 27,218 | 58,001 | 60,896 | 19,462 |