About Summit Midstream
Summit Midstream is a company based in The Woodlands (United States) founded in 2009 by Steve Newby was acquired by Energy Capital Partners in May 2020. It operates as a Managed Services. The company has 272 employees as of December 31, 2024. Summit Midstream has completed 2 acquisitions, including Summit Midstream and Tall Oak Midstream. Summit Midstream offers products and services including Energy Infrastructure Development. Summit Midstream operates in a competitive market with competitors including Shell, Dominion Energy, Eni Next, Gazprom and Suncor, among others.
- Headquarter The Woodlands, United States
- Employees 272 as on 31 Dec, 2024
- Founders Steve Newby
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Summit Midstream Corporation
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Annual Revenue
$429.62 M-6.38as on Dec 31, 2024
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Net Profit
$-107.35 M-175.64as on Dec 31, 2024
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EBITDA
$159.03 M-22.72as on Dec 31, 2024
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Latest Funding Round
$80 M (USD), Post-IPO
Dec 30, 2019
- Investors
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Employee Count
272
as on Dec 31, 2024
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Investments & Acquisitions
Summit Midstream
& 1 more
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Acquired by
Energy Capital Partners
(May 03, 2020)
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IPO & Listings of Summit Midstream
Summit Midstream is a publicly listed company on the NYSE with ticker symbol SMC in USA, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Summit Midstream
Summit Midstream offers a comprehensive portfolio of products and services, including Energy Infrastructure Development. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Energy infrastructure assets are acquired and developed strategically.
Unlock access to complete
Funding Insights of Summit Midstream
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $80.0M
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First Round
First Round
(30 Dec 2019)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2019 | Amount | Post-IPO - Summit Midstream | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Summit Midstream
Summit Midstream has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Energy Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Energy Capital Partners is focused on energy transition investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Summit Midstream
Summit Midstream has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Summit Midstream and Tall Oak Midstream. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of oil & gas processing, compression, transportation, and marketing services
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2014 | ||||
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Natural gas is gathered, transmitted, and compressed across operations.
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Summit Midstream
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Summit Midstream Comparisons
Competitors of Summit Midstream
Summit Midstream operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Shell, Dominion Energy, Eni Next, Gazprom and Suncor, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Shell is recognized as a global energy and petrochemical company.
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| domain | founded_year | HQ Location |
Energy production and transportation are conducted by Dominion Energy.
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| domain | founded_year | HQ Location |
Provider of exploration, production, and distribution services of oil & gas
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| domain | founded_year | HQ Location |
Gazprom is engaged in the exploration, production, and distribution of natural gas.
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| domain | founded_year | HQ Location |
Oil sands development, exploration, production, and refining are conducted.
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| domain | founded_year | HQ Location |
Electricity and natural gas distribution services are provided globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Summit Midstream
Frequently Asked Questions about Summit Midstream
When was Summit Midstream founded?
Summit Midstream was founded in 2009 and raised its 1st funding round 10 years after it was founded.
Where is Summit Midstream located?
Summit Midstream is headquartered in The Woodlands, United States. It is registered at The Woodlands, Texas, United States.
Who is the current CEO of Summit Midstream?
Steve Newby is the current CEO of Summit Midstream. They have also founded this company.
How many employees does Summit Midstream have?
As of Dec 31, 2024, the latest employee count at Summit Midstream is 272.
What is the annual revenue of Summit Midstream?
Annual revenue of Summit Midstream is $429.62M as on Dec 31, 2024.
What does Summit Midstream do?
Summit Midstream is focused on acquiring and developing energy infrastructure assets. Operations are centered in the midstream energy sector, connecting natural resources across America. Solutions are provided to support the gathering and development of energy resources for future needs.
Who are the top competitors of Summit Midstream?
Summit Midstream's top competitors include Dominion Energy, Shell and Uniper.
What products or services does Summit Midstream offer?
Summit Midstream offers Energy Infrastructure Development.
Is Summit Midstream publicly traded?
Yes, Summit Midstream is publicly traded on NYSE under the ticker symbol SMC.
How many acquisitions has Summit Midstream made?
Summit Midstream has made 2 acquisitions, including Summit Midstream, and Tall Oak Midstream.
Who are Summit Midstream's investors?
Summit Midstream has 1 investor. Key investors include Energy Capital Partners.
What is Summit Midstream's ticker symbol?
The ticker symbol of Summit Midstream is SMC on NYSE.