SMCSummit Midstream Corp
- Revenue
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- Operating margin
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- EBITDA
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- Market cap
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- Employees
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- Net debt / EBITDA
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- AI in 10-K
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2.5× less likely than average to be bought by an AI rollup
Midstream oil and gas company operating gathering systems and pipelines; asset-heavy, not a services business. Recurring revenue 6/10 · AI-rollup fit 0/10 · Services share 2/10 · Labor intensity 2/10 · Work AI could do 2/10 · Fragmented market 1/10 How it works
Signals 1 of 15
- TSR below peersYes4 of 5 years3+ of last 5 years
14 other checks
- High CEO pay despite TSRNo$5M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo—Cash flow under 80% of net income
- Dilutive SBCNo—Over 10% of revenue
- Payouts exceed cash flowNo—Buybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo—Any vote under 80% support
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo—Bottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo—Market cap $500M–$5B
- Recurring revenueNo6 of 1010-K business scored 7+ of 10 for recurring revenue
- AI-rollup shapedNo0 of 1010-K business scored 5+ of 10 as an AI-rollup target
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$0 netNet sales over $10M in 12 months
Financials
No XBRL financials yet.
Deal filings
| Filed | Form | Acquirer | Price | Premium |
|---|---|---|---|---|
| Oct 31, 2024 | DEFM14A | Tall Oak Midstream Holdings, LLC | — | — |
| Oct 21, 2024 | PREM14A | Tailwater Capital LLC | $0.00 | — |
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $6M | $708K | 214 | 310 |
| FY2024 | $7M | $14M | 302 | 303 |
| FY2023 | $5M | $5M | 143 | 207 |
| FY2022 | $4M | $3M | 134 | 178 |
| FY2021 | $4M | $6M | 178 | 137 |