Summit Midstream Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue | $562.1M | $429.6M | $458.9M |
| Cost of Revenue | $149.1M | $115.0M | $112.5M |
| Gross Profit | $413.0M | $314.6M | $346.4M |
| Gross Margin | 73.5% | 73.2% | 75.5% |
| Operating Expenses | |||
| Research & Development | — | — | — |
| SG&A Expense | $61.0M | $55.6M | $42.1M |
| Operating Income | $92.3M | $148.9M | $102.2M |
| Operating Margin | 16.4% | 34.7% | 22.3% |
| Interest Expense | $94.7M | $115.4M | $140.8M |
| Pretax Income | $-2.4M | $33.5M | $-38.6M |
| Income Tax Expense | $-501.0K | $146.7M | $322.0K |
| Net Income | $-5.9M | $-122.2M | $-51.5M |
| Net Margin | -1.1% | -28.4% | -11.2% |
| EPS (Basic) | $-1.61 | $-12.78 | $-6.11 |
| EPS (Diluted) | $-1.61 | $-12.78 | $-6.11 |
| Shares Outstanding (Basic) | 12.1M | 10.6M | 10.3M |
| Shares Outstanding (Diluted) | 12.1M | 10.6M | 10.3M |
| Dividends Per Share | — | — | — |