Summit Historical Income Statement
| SMC Stock | 37.79 0.33 0.88% |
Historical analysis of Summit Midstream income statement accounts such as Gross Profit of 122.1 M, Other Operating Expenses of 335.4 M, Operating Income of 61 M or Ebit of 41.4 M can show how well Summit Midstream performed in making a profits. Evaluating Summit Midstream income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Summit Midstream's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Summit Midstream latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Summit Midstream is a good buy for the upcoming year.
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About Summit Income Statement Analysis
Summit Midstream Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Summit Midstream shareholders. The income statement also shows Summit investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Summit Midstream Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Summit Midstream generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Summit Midstream minus its cost of goods sold. It is profit before Summit Midstream operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most accounts from Summit Midstream's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Summit Midstream current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Summit Midstream. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. For information on how to trade Summit Stock refer to our How to Trade Summit Stock guide.At present, Summit Midstream's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 338.1 K, whereas Total Revenue is forecasted to decline to about 452.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 125.4M | 89.6M | 122.9M | 122.1M | Total Revenue | 400.6M | 369.6M | 458.9M | 452.6M |
Summit Midstream income statement Correlations
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Summit Midstream Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Summit Midstream offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Summit Midstream's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Summit Midstream Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Summit Midstream Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Summit Midstream. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. For information on how to trade Summit Stock refer to our How to Trade Summit Stock guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Summit Midstream. If investors know Summit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Summit Midstream listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 6.19 | Revenue Per Share 44.885 | Quarterly Revenue Growth 0.035 | Return On Assets 0.0226 | Return On Equity 0.1084 |
The market value of Summit Midstream is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit Midstream's value that differs from its market value or its book value, called intrinsic value, which is Summit Midstream's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Summit Midstream's market value can be influenced by many factors that don't directly affect Summit Midstream's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Summit Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Midstream's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.