Summit Midstream Corporation Common Stock (SMC)
Competitors to Summit Midstream Corporation Common Stock (SMC)
Antero Midstream Corporation AM +0.24%
Antero Midstream Corporation focuses on providing natural gas, NGL, and water services in the Appalachian Basin, which directly competes with Summit Midstream's operations. Both companies offer similar midstream services, although Antero benefits from its strong affiliation with Antero Resources, which secures it a substantial volume of business. Antero’s integrated operations and exclusive supply contracts offer a degree of stability and reliable revenue streams that position it advantageously against Summit.
Crestwood Equity Partners LP
Crestwood Equity Partners engages in various midstream services such as natural gas transportation, gathering, and processing. The company competes with Summit Midstream primarily through its diversified service offerings and operational efficiency. Crestwood focuses on establishing strategic joint ventures and partnerships which improve its market positioning. Although Summit has a solid operational framework, Crestwood’s broader geographic coverage and integrated business model provide it with strong competitive advantages.
Enable Midstream Partners, LP
Enable Midstream Partners competes with Summit Midstream Corporation by offering a range of midstream services that include natural gas gathering, processing, and transportation. Both companies operate in key shale regions in the United States and focus on providing efficient and reliable services to their customers. Enable’s extensive asset base and favorable contract structures offered through long-term agreements give it a competitive advantage, allowing it to generate steady cash flows and insulation from market volatility.
NuStar Energy L.P.
NuStar Energy L.P. competes in the midstream sector by offering various services including crude oil and refined products transportation, storage, and terminals. While NuStar primarily focuses on oil transportation and storage, it still competes with Summit in overlapping markets where natural gas infrastructure is essential. NuStar's extensive pipeline network and terminal assets give it a significant competitive advantage, providing customers with a comprehensive range of services compared to the more specialized offerings from Summit.
Targa Resources Corp TRGP -1.80%
Targa Resources competes with Summit Midstream by providing integrated natural gas services that encompass gathering, processing, storage, and transportation. While Targa has a larger and more diversified asset portfolio compared to Summit, the companies compete in similar markets, especially in the Permian Basin and other key energy regions. Targa's established presence and scale give it a competitive edge in negotiating contracts and securing long-term clientele, making it a formidable opponent in the midstream sector.