Summit Petroleum Revenue, Growth & Competitor Profile

Company Profile & Annual Report for Summit Petroleum

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Summit Petroleum Fast Facts

Revenue	$10 - $100 million    See Exact Annual Revenue
Employees	10 - 100Exact Company Size
Primary Industry	211111 Crude Petroleum & Natural Gas Extraction
Address	102 W. Front Street Traverse City, MI 49684

Note: Revenues for privately held companies are statistical evaluations.


Summit Petroleum's Annual Report & Profile shows critical firmographic facts:

• What is the company's size? (Annual sales and employees)
  • Summit Petroleum's annual revenues are $10 - $100 million (see exact revenue data)
• What industry is the company in?
  • Summit Petroleum is classified as operating in the Crude Petroleum & Natural Gas Extraction industry, NAICS Code 211111.

Summit Petroleum Annual Revenue and Growth Rate

Summit Petroleum	Revenue Est. ($ Million)	Growth Rate (%)	# Employees
2023	$10 - $100 million Details in Premium Report
2022
2021
2020
2019

1-Year Growth Rate: 3-Year Growth Rate (CAGR):

Note: Summit Petroleum's revenues are gauged from an analysis of company filings.

Summit Petroleum's Income Statement (based on Industry Averages)

Summit Petroleum P&L	$ Millions
Revenue (Sales)
Cost of Goods Sold
Gross Profit
Operating Expenses
Advertising
Salaries and wages
Other Operating Expenses
Total Operating Expenses
Operating Income
EBITDA
EBIT (Earnings Before Interest and Taxes)
Net Profit

Market Share of Summit Petroleum's Largest Competitors

A competitive analysis shows these companies are in the same general field as Summit Petroleum, even though they may not compete head-to-head. These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines. The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies. Competitive advantage comes from offering better pricing or superior products/service.

Company	Headquarters	Revenue ($ MM)
PRINCESS THREE OPERATING	Henderson, TX	100
J & J SOLUTIONS	Perry, OK	27
REI DRILLING	Salt Lake City, UT	19
PHILLIPS ENERGY	Shreveport, LA	12

Nearby Competitors

These companies are similar in business line and location to Summit Petroleum. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.

Company	Headquarters	Revenue ($ MM)
RIVERSIDE ENERGY MICHIGAN	Traverse City, MI	100
BECKMAN PRODUCTION SERVICES	Kalkaska, MI	30
MILLER ENERGY	Traverse City, MI	13
SUMMIT PETROLEUM	Traverse City, MI	9
LAYLINE ENERGY HOLDING	Marion, MI	7
MCLACHLAN DRILLING	Evart, MI	6

Future Competition: Summit Petroleum's Fastest Growing Competitors

These companies are in the same general field as Summit Petroleum and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.

Company	Revenue ($ MM)