SMC (Summit Midstream) EBIT: $99.9 Mil (TTM As of Jun. 2026)

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SMC Summit Midstream Corp SMC
60 GF Score
Price $34.58
GF Value $28.76
Valuation Modestly Overvalued
! 11 Warning Signs
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What is Summit Midstream EBIT?

Summit Midstream SMC -0.29% 60 EBIT is $99.9 Mil as of Jun. 2026. GuruFocus rates SMC with a GF Score™ of 60/100 and a GF Value™ of $28.76 (Modestly Overvalued). The stock has 11 warning signs investors should review.

Summit Midstream's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2026 was $33.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2026 was $99.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Summit Midstream's annualized ROC % for the quarter that ended in Jun. 2026 was 3.60%. Summit Midstream's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 7.19%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Summit Midstream's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 4.80%.


Summit Midstream  (NYSE:SMC) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Summit Midstream's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=102.272 * ( 1 - 18.96% )/( (2297.728 + 2307.065)/ 2 )
=82.8812288/2302.3965
=3.60 %

where

Invested Capital(Q: Jun. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2407.38 - 107.729 - ( 20.967 - max(0, 131.885 - 124.471+20.967))
=2307.065

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Summit Midstream's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=132.144/( ( (1836.358 + max(-20.775, 0)) + (1839.292 + max(-26.633, 0)) )/ 2 )
=132.144/( ( 1836.358 + 1839.292 )/ 2 )
=132.144/1837.825
=7.19 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(74.189 + 0 + 12.389) - (86.9 + 9.135 + 11.318)
=-20.775

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(87.202 + 0 + 16.302) - (107.729 + 7.996 + 14.412)
=-26.633

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Summit Midstream's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2026 )
=99.86/2079.722
=4.80 %

* 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.


Summit Midstream EBIT Related Terms


Summit Midstream EBIT Historical Data

* Premium members only.

The historical data trend for Summit Midstream's EBIT 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.

Summit Midstream EBIT Chart

Summit Midstream Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.00 -38.82 102.16 148.95 92.33

Summit Midstream Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.88 29.73 16.25 20.85 33.04

SMC vs KNOP, WHK, IMPP: EBIT Comparison

For the Oil & Gas Midstream subindustry, Summit Midstream's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Summit Midstream's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Summit Midstream's EV-to-EBIT falls into.


SMC
60GF Score
Summit Midstream Corp SMC
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Summit Midstream EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $99.9 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $99.9 Mil mean?
Summit Midstream (SMC) has a EBIT of $99.9 Mil as of Jun. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Summit Midstream.
Is Summit Midstream's EBIT too high?
Summit Midstream's current EBIT is $99.9 Mil. Overall, Summit Midstream has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Summit Midstream's EBIT compare to KNOP and WHK?
Summit Midstream's EBIT of $99.9 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 EBIT for an Oil & Gas company?
A good EBIT depends on the Oil & Gas industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Summit Midstream. Summit Midstream's current EBIT is $99.9 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?
Based on GuruFocus' analysis, Summit Midstream (SMC) is currently considered Modestly Overvalued. The stock's GF Value™ is $28.76, compared to a current price of $34.58 — trading 20.2% above its estimated fair value. The current EBIT is $99.9 Mil. Summit Midstream's overall GF Score™ is 60/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Summit Midstream (SMC), the current EBIT is $99.9 Mil as of Jun. 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 (SMC) Overvalued in 2026?

Based on GuruFocus' analysis, Summit Midstream stock appears to be overvalued. The current stock price of $34.58 is trading 20.2% above its estimated GF Value™ of $28.76. GuruFocus considers Summit Midstream to be Modestly Overvalued.

Key valuation signals for SMC:

  • EBIT: $99.9 Mil
  • GF Value™: $28.76 vs. price of $34.58 (20.2% above fair value)
  • GF Score™: 60/100 with 11 warning signs

No single metric tells the full story. See the SMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Summit Midstream Business Description

Industry EnergyOil & Gas
Address 910 Louisiana Street, Suite 4200, Houston, TX, USA, 77002
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.
60GF Score

Get the complete analysis for SMC

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$34.58
Price
$28.76
GF Value