SMC (Summit Midstream) Earnings Yield % : N/A% (As of Dec. 11, 2024)

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What is Summit Midstream Earnings Yield %?

The earnings yield is an indication of how much return shareholders' investment in the company earned over the past 12 months. The higher the earnings yield is, the better.

As of today (2024-12-11), the stock price of Summit Midstream is $36.58. Summit Midstream's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2024 was $-12.81. Therefore, Summit Midstream's earnings yield of today is N/A%.

The earnings yield does not consider the growth of the business. A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Summit Midstream's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2024 was 9.77%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.

Summit Midstream Earnings Yield % Calculation

Earnings yield is the reciprocal of the P/E Ratio.

Summit Midstream's Earnings Yield for today is calculated as

Earnings Yield	=	Earnings per Share (Diluted) (TTM)	/	Share Price
	=	-12.810	/	36.58
	=	N/A %

Summit Midstream's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-12.810 Mil.

* 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.

It can also be calculated from the numbers for the whole company:

Earnings Yield

Net Income

Market Cap

The earnings in the calculation is the Trailing Twelve Months earnings.

Summit Midstream (NYSE:SMC) Earnings Yield % Explanation

If the P/E ratio is an indication of how many years it takes for the company to earn back the stock price shareholders pay to buy the shares, the earnings yield is an indication of how much return shareholders' investment in the company earned over the past 12 months. The higher the earnings yield is, the better.

If a company loses money, the earnings yield is negative. This gives a more straightforward indication that the company is losing money. This is an advantage of using earnings yield instead of the P/E ratio in valuation. For valuation purposes, the P/B Ratio and the P/S Ratio should be used for companies that are losing money.

Like the P/E ratio, the earnings yield can be used to compare investments in different industries. It can even be used to compare the attractiveness of different asset classes such as bonds and cash. Of course, the earnings yield should not be the only factor in deciding which asset classes to invest.

Also similar to the P/E ratio, the earnings yield does not consider the growth of the business. A growing company with the same earnings yield should be more attractive than a company that has the same earnings yield but does not grow.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %.

Be Aware

Just like the P/E Ratio, non-recurring items such as selling part of the business, selling a previous investment, etc., can affect earnings yield dramatically. The earning yield is also a poor indication for cyclical companies. When a cyclical stock has a high earnings yield it is usually at the peak of its cycle.

Summit Midstream Earnings Yield % Related Terms

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Summit Midstream Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Summit Midstream Corp (NYSE:SMC) » Definitions » Earnings Yield %

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Traded in Other Exchanges

N/A

Address

910 Louisiana Street, Suite 4200, Houston, TX, USA, 77002

Website

https://www.summitmidstream.com

Summit Midstream Corp is a value-driven corporation focused on developing, owning and operating midstream energy infrastructure assets strategically located in unconventional resource basins, primarily shale formations, in the continental U.S. It currently operates natural gas, crude oil and produced water gathering systems in four unconventional resource basins: the Williston Basin in North Dakota, which includes the Bakken and Three Forks shale formations; the Denver-Julesburg Basin, which includes the Niobrara and Codell shale formations in Colorado and Wyoming; the Fort Worth Basin in Texas, which includes the Barnett Shale formation; and the Piceance Basin in Colorado, which includes the liquids-rich Mesaverde formation as well as the emerging Mancos and Niobrara Shale formations.

Executives

J Heath Deneke	director, officer: See remarks below.	700 LOUISIANA STREET, SUITE 2550, HOUSTON TX 77002
Jerry L Peters	director, other: See Remarks	1811 AKSARBEN DRIVE, OMAHA NE 68106
James David Johnston	officer: See remarks below.	910 LOUISIANA STREET, SUITE 4200, HOUSTON TX 77002
Rommel M. Oates	director, other: See Remarks.	910 LOUISIANA STREET, SUITE 4200, HOUSTON TX 77002
William J. Mault	officer: See remarks below.	910 LOUISIANA STREET, SUITE 4200, HOUSTON TX 77002
Matthew B. Sicinski	officer: See remarks below.	910 LOUISIANA STREET, SUITE 4200, HOUSTON TX 77002
James J Cleary	director, other: See Remarks.	12 E. 49TH STREET, 39TH FLOOR, NEW YORK NY 10017
Robert Joseph Mcnally	director, other: See Remarks.	625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222
Marguerite Woung-chapman	director, other: See Remarks.	1001 LOUISIANA, HOUSTON TX 77002
Christopher M Leininger	director, other: See Remarks.	11943 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
Francesco Ciabatti	director, other: See Remarks.	51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
James Lee Jacobe	director, other: See Remarks.	1790 HUGHES LANDING BLVD., SUITE 500, THE WOODLANDS TX 77380
Energy Capital Partners Ii (summit Co-invest), Lp	director, 10 percent owner	C/O ENERGY CAPITAL PARTNERS II, 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Energy Capital Partners Ii-c (summit Ip), Lp	director, 10 percent owner	51 JOHN F. KENNEDY PARKWAY, SUITE 1250, SHORT HILLS NJ 07078
Energy Capital Partners Ii-b Ip, Lp	director, 10 percent owner	51 JOHN F. KENNEDY PARKWAY, SUITE 1250, SHORT HILLS NJ 07078