Summit Midstream Corp. (SMC)
NYSEEnergyOil & Gas MidstreamSnapshot 2026-09-04
$34.20-0.61%
Close 2026-09-04 · 1-day change
NYSEEnergyOil & Gas MidstreamSnapshot 2026-09-04
QuarterlyIQ Insights · SMC
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 37.1% |
| Our one-year growth estimate | diamond | 8.7% |
Growth built into the price is above our model estimate.
The price assumes 28.4 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Worth watching into the next print: this name has erratic recent earnings surprises and operates in a high-miss-rate industry. A fundamental tilt, not a price call.
Model as of 2026-09-04 · Compared with 17 industry peers · Company calendar date is not available
SMC — capital allocation
Dated 2026-04-02
by reference. The Shares were issued in reliance on the exemption from registration requirements under the Securities Act, pursuant to Section 4(a)(2) thereof.
Why it matters: New well connections show growth in crude oil gathering and success in operations.
Supportive ifAt least 15 new well connections are reported in the Williston Basin by year-end 2026.
Worry ifFewer than 15 new well connections are reported by year-end 2026.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$115 on $10,000 · ±1.1% | How much price usually moves either way. |
| Bad day | $349 loss on $10,000 · 3.5% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,833 loss on $10,000 · 18.3% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Why it matters: The earnings report can show how the company is doing financially. It may also show changes in operations.
Watch forAnnouncement of the next earnings date with positive guidance.
Also watch forThere is no news or bad guidance about earnings.
Why it matters: Completing the repurchase program may show confidence in the company's value and health.
Supportive ifAnnouncement of the completion of the stock buyback program.
Worry ifNo progress or cancellation of the stock repurchase program.
Why it matters: Staying within the capex guidance shows smart spending. Overspending might mean money problems.
Worry ifCapex reported in Q2 falls between $50M and $70M.
Less concerning ifCapex reported in Q2 exceeds $70M or is below $50M.
Why it matters: A final decision shows strong demand and growth for the Double E Pipeline.
Supportive ifManagement says the final decision will be made by the end of summer 2026.
Worry ifNo final investment decision is announced by the end of summer 2026.
Why it matters: New agreements show growth in the area. They also support revenue from gathering services.
Supportive ifManagement will announce new agreements for at least 15 lateral wells in Q4 2026.
Worry ifIf no new agreements are announced, it shows slower growth.
Why it matters: Staying within this range shows the company is controlling its spending. It helps maintain financial health.
Supportive ifManagement says capex guidance is between $50M and $70M during the Q2 earnings call.
Worry ifManagement announces capex guidance outside the $50M to $70M range during the Q2 earnings call.