Summit Midstream (SMC) Q3 FY2026 earnings: revenue $183 million, up 24.6% on the year
Summit Midstream Corp. (SMC) reported revenue of $183 million for Q3 FY2026, the quarter ended 30 September 2026, up 24.6% on the same quarter a year earlier. Net income was $8 million, and diluted earnings per share $0.58. The figures are the company's own, from the 10-Q it filed with the SEC on 9 November 2026.
Revenue
$183 million
+24.6% on the year · +18.1% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
20.7%
17.1% a year earlier
Q4 FY2024Q3 FY2026
Net income
$8 million
+412.3% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.58
+427.3% on the quarter
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 1 raised, 1 new, 1 kept.
Adjusted EBITDA rose 16%: Adjusted EBITDA was $70.7 million, up from $60.7 million in the second quarter and $65.5 million a year earlier. Nine-month Adjusted EBITDA was $185.6 million.
Rockies EBITDA up 32%: Rockies Segment Adjusted EBITDA was $40.0 million, up $9.6 million on 39.7% higher liquids volume throughput. The segment included about $3.7 million of commercial billing settlements.
Permian rose with Double E volume: Permian Segment Adjusted EBITDA was $11.2 million, up about $1.8 million on new contracts placed into service and a 16.6% rise in Double E throughput to 1,002 MMcf/d.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
5.5
43.9
26.7
-87.5%
-79.3%
Capital expenditure
21.2
25.0
22.9
-15.2%
-7.5%
Free cash flow
-15.7
18.9
3.8
Free cash flow margin
-8.6%
12.2%
2.6%
Cash from investing
-22.2
-31.4
-23.7
Cash from financing
8.1
-30.3
-0.1
Depreciation and amortisation
27.2
26.9
28.9
+1.4%
-5.7%
Share-based compensation
2.3
2.3
2.1
+0.3%
+11.6%
Buybacks
0.2
n/a
0.0
Diluted shares, weighted
14m
14m
12m
+0.3%
+14.9%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
609
598
552
+1.8%
+10.4%
Non-controlling interest
326
320
406
+1.8%
-19.7%
Redeemable equity
0.0
0.0
139
Debt
1,251
1,240
1,082
+0.9%
+15.6%
Other liabilities
243
249
235
-2.5%
+3.5%
Total liabilities and equity
2,429
2,407
2,414
+0.9%
+0.6%
Fixed assets
1,831
1,839
1,850
-0.5%
-1.1%
Intangible assets
147
150
157
-1.5%
-6.2%
Cash and equivalents
12.5
21.0
24.6
-40.5%
-49.3%
Receivables
114
87.2
80.1
+30.7%
+42.3%
Other assets
324
310
301
+4.4%
+7.5%
Total assets
2,429
2,407
2,414
+0.9%
+0.6%
Questions
What was Summit Midstream's revenue in Q3 FY2026?
Summit Midstream (SMC) reported revenue of $183 million for Q3 FY2026, the quarter ended 30 September 2026, up 24.6% on the same quarter a year earlier.
How much did Summit Midstream earn in Q3 FY2026?
Net income for Q3 FY2026 was $8 million, and diluted earnings per share $0.58.
When did Summit Midstream report Q3 FY2026 results?
Summit Midstream filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 9 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 9 November 2026: the filing.