Summit Midstream (SMC)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
Cash on hand (at last report)			144.37 mm
Cash burn (monthly)			18.32 mm
Cash used (since last report)			93.37 mm
Cash remaining			50.99 mm
Runway (months of cash)			2.8

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

SMC institutional ownership history Ownership history

32.5% owned by funds/institutions

13F holders	Current	Change
Total holders	33	NEW
Opened positions	33	NEW
Closed positions	0
Increased positions	0
Reduced positions	0

13F shares	Current	Prev Q	Change
Total value	120.96 bn	0.00	NEW
Total shares	3.46 mm	0.00	NEW
Total puts	3.40 k	0.00	NEW
Total calls	32.70 k	0.00	NEW
Total put/call ratio	0.1	–	–

Largest owners	Shares	Value	Change
IVZ Invesco	953.35 k	$33.40 bn	NEW
Vanguard	453.30 k	$15.88 bn	NEW
Shenkman Capital Management	416.28 k	$14.58 bn	NEW
BAC Bank of America	347.20 k	$12.16 bn	NEW
GS The Goldman Sachs Group, Inc.	287.29 k	$10.06 bn	NEW
BlackRock	133.01 k	$4.66 bn	NEW
Virtus Fund Advisers	108.29 k	$3.79 bn	NEW
Geode Capital Management	94.55 k	$3.31 bn	NEW
Susquehanna International	87.21 k	$3.06 bn	NEW
Liberty Mutual Group Asset Management	84.84 k	$2.97 bn	NEW

Largest transactions	Shares	Bought/sold	Change
IVZ Invesco	953.35 k	+953.35 k	NEW
Vanguard	453.30 k	+453.30 k	NEW
Shenkman Capital Management	416.28 k	+416.28 k	NEW
BAC Bank of America	347.20 k	+347.20 k	NEW
GS The Goldman Sachs Group, Inc.	287.29 k	+287.29 k	NEW
BlackRock	133.01 k	+133.01 k	NEW
Virtus Fund Advisers	108.29 k	+108.29 k	NEW
Geode Capital Management	94.55 k	+94.55 k	NEW
Susquehanna International	87.21 k	+87.21 k	NEW
Liberty Mutual Group Asset Management	84.84 k	+84.84 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

SMC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
26 Feb 25	Deneke J Heath	Common Stock	Sell	Dispose S	No	Yes	41.96	1,000	41.96 k	243,326
25 Feb 25	Deneke J Heath	Common Stock	Sell	Dispose S	No	Yes	42.13	150	6.32 k	244,326
25 Feb 25	Deneke J Heath	Common Stock	Sell	Dispose S	No	Yes	41.64	850	35.39 k	244,476
24 Feb 25	Deneke J Heath	Common Stock	Sell	Dispose S	No	Yes	42.63	1,000	42.63 k	245,326
21 Feb 25	Deneke J Heath	Common Stock	Sell	Dispose S	No	Yes	44.67	450	20.10 k	246,326
21 Feb 25	Deneke J Heath	Common Stock	Sell	Dispose S	No	Yes	43.84	550	24.11 k	246,776
20 Feb 25	Deneke J Heath	Common Stock	Sell	Dispose S	No	Yes	44.77	500	22.39 k	247,326
20 Feb 25	Deneke J Heath	Common Stock	Sell	Dispose S	No	Yes	43.68	500	21.84 k	247,826
19 Feb 25	Deneke J Heath	Common Stock	Sell	Dispose S	No	Yes	45.08	1,000	45.08 k	248,326
18 Feb 25	Deneke J Heath	Common Stock	Sell	Dispose S	No	Yes	45.21	700	31.65 k	249,326

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Press releases

From Benzinga Pro

Summit Midstream Corporation Announces Resumption of Preferred Dividend in First Quarter 2025

28 Feb 25

HOUSTON, Feb. 28, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("SMC" or the "Company") announced today that the board of directors of the Company, has declared a quarterly cash dividend

Summit Midstream Corporation Announces Pricing of Offering of $250 Million of Additional 8.625% Senior Secured Second Lien Notes Due 2029

7 Jan 25

HOUSTON, Jan. 7, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE:SMC) ("SMC" or the "Company") announced today that Summit Midstream Holdings, LLC (the "Issuer"), which is a subsidiary of

Summit Midstream Corporation Announces Proposed Offering of $250 Million of Additional 8.625% Senior Secured Second Lien Notes Due 2029

7 Jan 25

HOUSTON, Jan. 7, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("SMC" or the "Company") announced today that Summit Midstream Holdings, LLC (the "Issuer"), which is a subsidiary of