SMC NYSE
Credit Risk of going bust: higher than 67% of companies Debt: 74.3% of company value Bonds: $83.6M held by 115 funds, 291 bp over Treasuries → details ▾
If the stock fell to about $3.62 (down 88%), Summit Midstream Corp. would be worth roughly what it owes.
Total debt $1.24B against a stock market value of $427.7M.
Distance to default 3.62 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $619.0M (short-term plus half of long-term), stock volatility 35.1%; Altman Z'' 0.40. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
Houston, TX 77002
US
Summit Midstream Corporation specializes in managing and developing critical energy infrastructure, primarily across the continental United States' significant shale formations. The company oversees extensive collection networks for natural gas, crude oil, and produced water. These operations span four major unconventional resource basins: the Williston Basin in North Dakota (encompassing the Bakken and Three Forks shale plays), the Denver-Julesburg Basin across Colorado and Wyoming (with its Niobrara and Codell formations), the Fort Worth Basin in Texas (featuring the Barnett Shale), and Colorado's Piceance Basin (home to the Mesaverde, and emerging Mancos and Niobrara formations). Their services cater directly to natural gas and crude oil producers. Established in 2012, Summit Midstream Corporation maintains its headquarters in Houston, Texas.
Recent Insider Trades
| Name | Type | Shares | Price | Date |
|---|---|---|---|---|
| Johnston James David | S-Sale | 2,600 | $30.51 | 2026-10-01 |
| Johnston James David | S-Sale | 2,600 | $29.72 | 2026-07-02 |
| PETERS JERRY L | S-Sale | 10,000 | $32.00 | 2026-05-19 |
| PETERS JERRY L | G-Gift | 3,733 | — | 2026-04-20 |
| PETERS JERRY L | G-Gift | 3,733 | — | 2026-04-20 |