Rockies was Summit Midstream’s largest segment in fiscal 2025, bringing in $329.35M of $562.09M (59%).
| Segment | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Rockies | $255.03M | $268.51M | $329.35M |
| Mid-Con | $45.12M | $56.89M | $159.23M |
| Piceance | $91.42M | $81.00M | $69.87M |
| Northeast | $63.81M | $18.85M | — |
| Permian | $3.57M | $3.64M | $3.64M |
| Corporate & Other | -$37.00K | $726.00K | — |
| Total | $458.90M | $429.62M | $562.09M |
Summit Midstream brought in $562.09M from its four segments in fiscal 2025, the year ended December 31, 2025. Summit Midstream regrouped these segments after fiscal 2024, so the total does not compare directly with that year's $429.62M. Rockies was the largest at $329.35M (58.6%), ahead of Mid-Con at $159.23M (28.3%) and Piceance at $69.87M (12.4%). The remaining segment, Permian, brought in $3.64M.
Compared with fiscal 2024, Mid-Con grew fastest, up 179.9% to $159.23M, while Piceance fell the most, down 13.7% to $69.87M.
Summit Midstream stopped reporting Northeast ($18.85M in fiscal 2024) and Corporate & Other ($726.00K in fiscal 2024) as separate segments.
Natural Gas, Ngls & Condensate Sales was Summit Midstream’s largest product and service line in fiscal 2025, bringing in $265.06M of $562.09M (47%).
| Product and Service | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Gathering Services & Related Fees | $248.22M | $200.84M | $255.68M |
| Natural Gas, Ngls & Condensate Sales | $179.25M | $195.03M | $265.06M |
| Other Revenues | $31.43M | $33.75M | $41.36M |
| Total | $458.90M | $429.62M | $562.09M |
Summit Midstream brought in $562.09M from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 30.8% from $429.62M in fiscal 2024. Natural Gas, Ngls & Condensate Sales was the largest at $265.06M (47.2%), ahead of Gathering Services & Related Fees at $255.68M (45.5%) and Other Revenues at $41.36M (7.4%).
Compared with fiscal 2024, Natural Gas, Ngls & Condensate Sales grew fastest, up 35.9% to $265.06M. Every line above 2% of revenue grew. From fiscal 2023 to 2025, combined revenue from these lines grew from $458.90M to $562.09M, a compound annual growth rate of 10.7%. Natural Gas, Ngls & Condensate Sales' share of the total rose from 39.1% to 47.2%.
Summit Midstream (SMC) reports its revenue by segment and by product and service. In fiscal 2025, Rockies was its largest segment, bringing in $329.35M (58.6% of the total), followed by Mid-Con at $159.23M (28.3%).
Rockies was Summit Midstream's largest segment in fiscal 2025, bringing in $329.35M, or 58.6% of the $562.09M total across its four segments.
Natural Gas, Ngls & Condensate Sales was Summit Midstream's largest product and service line in fiscal 2025, bringing in $265.06M, or 47.2% of the $562.09M total across its three product and service lines.
Among Summit Midstream's product and service lines that make up at least 2% of revenue, Natural Gas, Ngls & Condensate Sales grew fastest in fiscal 2025, up 35.9% from $195.03M to $265.06M.
Every figure comes from Summit Midstream's annual financial filings, as reported. Each line keeps the name Summit Midstream gives it, and years follow its fiscal calendar.
Summit Midstream's revenue by segment goes back to fiscal 2023, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.