Summit Midstream (FRA:D27) Interest Coverage: 0.68 (As of Mar. 2026) — 31% Below Median


FRA:D27 Summit Midstream Corp FRA:D27
64 GF Score
Price €25.15
GF Value €25.03
! 9 Warning Signs
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What is Summit Midstream Interest Coverage?

Summit Midstream FRA:D27 -0.59% 64 Interest Coverage is 0.68 as of Mar. 2026, which is 31% below its 10-year median of 0.98. GuruFocus rates FRA:D27 with a GF Score™ of 64/100 and a GF Value™ of €25.03. The stock has 9 warning signs investors should review. Among 731 Oil & Gas companies, Summit Midstream ranks worse than 93.02% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Summit Midstream's Operating Income for the three months ended in Mar. 2026 was €14.7 Mil. Summit Midstream's Interest Expense for the three months ended in Mar. 2026 was €-21.6 Mil. Summit Midstream's interest coverage for the quarter that ended in Mar. 2026 was 0.68. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Summit Midstream Corps earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

The historical rank and industry rank for Summit Midstream's Interest Coverage or its related term are showing as below:

FRA:D27' s Interest Coverage Range Over the Past 10 Years
Min: 0.44   Med: 0.98   Max: 2.46
Current: 0.89


FRA:D27's Interest Coverage is ranked worse than
93.02% of 731 companies
in the Oil & Gas industry
Industry Median: 5.89 vs FRA:D27: 0.89

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Summit Midstream  (FRA:D27) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Summit Midstream Interest Coverage Related Terms


Summit Midstream Interest Coverage Historical Data

* Premium members only.

The historical data trend for Summit Midstream's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Summit Midstream Interest Coverage Chart

Summit Midstream Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.02 0.44 0.57 0.50 0.94

Summit Midstream Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage 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 0.83 0.82 1.17 0.92 0.68

FRA:D27 vs KNOP, IMPP, NFE: Interest Coverage Comparison

For the Oil & Gas Midstream subindustry, Summit Midstream's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Summit Midstream's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Summit Midstream's Interest Coverage falls into.


FRA:D27
64GF Score
Summit Midstream Corp FRA:D27
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Summit Midstream Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Summit Midstream's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, Summit Midstream's Interest Expense was €-80.9 Mil. Its Operating Income was €75.7 Mil. And its Long-Term Debt & Capital Lease Obligation was €874.8 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*75.695/-80.905
=0.94

Summit Midstream's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Summit Midstream's Interest Expense was €-21.6 Mil. Its Operating Income was €14.7 Mil. And its Long-Term Debt & Capital Lease Obligation was €1,094.2 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*14.681/-21.636
=0.68

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 0.68 mean?
Summit Midstream (FRA:D27) has a Interest Coverage of 0.68 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Summit Midstream and its competitors. This is 31% below median its historical median of 0.98. Over the past decade, Summit Midstream's Interest Coverage has ranged from 0.44 to 2.46. According to the industry distribution chart, Summit Midstream ranks #680 out of 731 companies in the Oil & Gas industry, placing it in the top 93%.
Is Summit Midstream's Interest Coverage too high?
Summit Midstream's current Interest Coverage of 0.68 is 31% below median its 10-year median of 0.98. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 2.46. The Oil & Gas industry median Interest Coverage is 5.89. Summit Midstream's value of 0.68 is 88.5% below this industry median. Based on the distribution chart, Summit Midstream ranks #680 out of 731 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. 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 Interest Coverage compare to KNOP and IMPP?
According to the Oil & Gas industry distribution chart, Summit Midstream ranks #680 out of 731 companies for Interest Coverage. This places Summit Midstream in the lower half of its industry. The industry median Interest Coverage is 5.89. Summit Midstream's value of 0.68 is 88.5% below this benchmark. Historically, Summit Midstream's own Interest Coverage has ranged from 0.44 to 2.46 over the past decade. While the company's 10-year median is 0.98 vs. the industry median of 5.89, Summit Midstream has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 5.89, based on 731 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Summit Midstream's current Interest Coverage of 0.68 is 88.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Summit Midstream and its competitors. For the Oil & Gas industry, the median Interest Coverage is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Summit Midstream's current Interest Coverage is 0.68, which is 31% below median its own 10-year median of 0.98. 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 Interest Coverage of 0.68. 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 Interest Coverage is 0.68, which is 31% below median its 10-year median of 0.98 and 88.5% below the Oil & Gas industry median of 5.89. 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 Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Summit Midstream (FRA:D27), the current Interest Coverage is 0.68 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:

  • Interest Coverage: 0.68 (31% below median its 10-year median of 0.98)
  • GF Value™: €25.03 vs. price of €25.15 (0.5% above fair value)
  • GF Score™: 64/100 with 9 warning signs
  • Industry Position: 88.5% below the Oil & Gas median (#680 of 731)

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 Business Description

Industry EnergyOil & Gas
Other Exchanges SMC:USA
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.
64GF Score

Get the complete analysis for FRA:D27

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

€25.15
Price
€25.03
GF Value