Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Summit Midstream's shares outstanding for the quarter that ended in Mar. 2026 was 13.8 Mil.
Summit Midstream's quarterly shares outstanding
increased
from Dec. 2025 (12.3 Mil) to Mar. 2026 (13.8 Mil).
It means Summit Midstreamissued new shares from Dec. 2025 to Mar. 2026 .
Summit Midstream's annual shares outstanding
increased
from Dec. 2024 (10.7 Mil) to Dec. 2025 (12.3 Mil).
It means Summit Midstreamissued new shares from Dec. 2024 to Dec. 2025 .
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Summit Midstream Shares Outstanding (EOP) Related Terms
Summit Midstream Shares Outstanding (EOP) Historical Data
* Premium members only.
The historical data trend for Summit Midstream's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:D27 vs KNOP, IMPP, NFE: Shares Outstanding (EOP) Comparison
For the Oil & Gas Midstream subindustry, Summit Midstream's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Summit Midstream Shares Outstanding (EOP) vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Summit Midstream's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Summit Midstream's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 13.8 Mil mean?
Summit Midstream (FRA:D27) has a Shares Outstanding (EOP) of 13.8 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on Summit Midstream and its competitors.
Is Summit Midstream's Shares Outstanding (EOP) too high?
Summit Midstream's current Shares Outstanding (EOP) is 13.8 Mil. Overall, Summit Midstream has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Summit Midstream's Shares Outstanding (EOP) compare to KNOP and IMPP?
Summit Midstream's Shares Outstanding (EOP) of 13.8 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for an Oil & Gas company?
A good Shares Outstanding (EOP) depends on the Oil & Gas industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Summit Midstream and its competitors. Summit Midstream's current Shares Outstanding (EOP) is 13.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Summit Midstream stock overvalued right now?
Summit Midstream (FRA:D27) has a current Shares Outstanding (EOP) of 13.8 Mil. The stock's GF Value™ is €25.03, compared to a current price of €25.15 — trading 0.5% above its estimated fair value. The current Shares Outstanding (EOP) is 13.8 Mil. Summit Midstream's overall GF Score™ is 64/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Summit Midstream (FRA:D27), the current Shares Outstanding (EOP) is 13.8 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Summit Midstream (FRA:D27) Overvalued in 2026?
Based on GuruFocus' analysis, Summit Midstream stock appears to be overvalued.
The current stock price of €25.15 is trading 0.5% above its estimated GF Value™ of €25.03.
Key valuation signals for FRA:D27:
Shares Outstanding (EOP): 13.8 Mil
GF Value™: €25.03 vs. price of €25.15 (0.5% above fair value)
No single metric tells the full story. See the FRA:D27 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Summit Midstream Corp is a value-driven corporation focused on developing, owning and operating midstream energy infrastructure assets strategically located in unconventional resource basins, shale formations, in the continental U.S. It currently operates natural gas, crude oil and produced water gathering systems in various unconventional resource basins including the Williston Basin, DJ Basin, Barnett Shale, Piceance Basin, Permian Basin, and the Arkoma Basin. The company's reportable segments are: Rockies, Permian, Mid-Con, Piceance, and Northeast. Maximum revenue is generated from the Mid-Con segment. Summit generates revenue mainly from natural gas, NGLs, and condensate sales, and the provision of gathering and related services.
64GF Score
Get the complete analysis for FRA:D27
Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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