SMC
Summit Midstream CorporationSMC
SMC
About: Summit Midstream Corp is a value-driven corporation focused on developing, owning and operating midstream energy infrastructure assets strategically located in unconventional resource basins, shale formations, in the continental U.S. It currently operates natural gas, crude oil and produced water gathering systems in four unconventional resource basins: the Williston Basin in North Dakota, which includes the Bakken and Three Forks shale formations; the Denver-Julesburg Basin, which includes the Niobrara and Codell shale formations in Colorado and Wyoming; the Fort Worth Basin in Texas, which includes the Barnett Shale formation; and the Piceance Basin in Colorado, which includes the liquids-rich Mesaverde formation as well as the emerging Mancos and Niobrara Shale formations.
Employees: 272
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
10,060% more call options, than puts
Call options by funds: $1.02M | Put options by funds: $10K
69% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 16
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
3% more funds holding
Funds holding: 59 [Q4 2024] → 61 (+2) [Q1 2025]
2% more capital invested
Capital invested by funds: $148M [Q4 2024] → $151M (+$3.51M) [Q1 2025]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q4 2024] → 2 (+0) [Q1 2025]
0.26% less ownership
Funds ownership: 36.77% [Q4 2024] → 36.51% (-0.26%) [Q1 2025]
Research analyst outlook
We haven’t received any recent analyst ratings for SMC.
Financial journalist opinion
Positive
Zacks Investment Research
1 month ago
SMC Gains 6.9% on Y/Y Revenue Growth in Q1 Despite Earnings Drop
SMC posts solid Q1 revenue growth, reaffirming guidance amid crude headwinds, and benefits from recent Moonrise and Tall Oak acquisitions.
Neutral
Seeking Alpha
1 month ago
Summit Midstream Corporation, Inc. (SMC) Q1 2025 Earnings Call Transcript
Summit Midstream Corporation, Inc. (NYSE:SMC ) Q1 2025 Earnings Conference Call May 8, 2025 10:00 AM ET Company Participants Randall Burton - Director of Finance, Treasurer & IR Heath Deneke - President, CEO & Chairman Bill Mault - EVP & CFO Conference Call Participants Operator Thank you for standing by. My name is Lee, and I will be your conference operator today.
Neutral
PRNewsWire
1 month ago
Summit Midstream Corporation Reports First Quarter 2025 Financial and Operating Results
HOUSTON , May 7, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today its financial and operating results for the three months ended March 31, 2025. Highlights First quarter 2025 net income of $4.6 million, adjusted EBITDA of $57.5 million and cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $33.5 million Raised $250 million of additional 8.625% Senior Secured Second Lien Notes Due 2029 at an issue price of 103.375% Completed the value-accretive bolt on acquisition of Moonrise Midstream in the DJ Basin on March 10, 2025 Finalized optimization project in the Rockies that we expect to improve Adjusted EBITDA margin beginning in the second quarter 2025 Reinstated cash dividend on the Series A Preferred Stock on March 15, 2025 Connected 41 wells during the first quarter and maintained an active customer base with six drilling rigs and over 100 DUCs behind our systems Reiterated 2025 full-year financial guidance range of $245 million to $280 million in adjusted EBITDA and total capital expenditures of $65 million to $75 million Management Commentary Heath Deneke, President, Chief Executive Officer and Chairman, commented, "Summit's first quarter 2025 financial and operating results were in line with management expectations with $57.5 million of adjusted EBITDA generated in the first quarter.
Positive
Zacks Investment Research
1 month ago
Zacks Initiates Coverage of Summit Midstream With Neutral Recommendation
Discover why Zacks, being the first on Wall Street to initiate the stock coverage, rates SMC as "Neutral." Explore SMC's improved liquidity, growth moves and asset strength, balanced by integration risks and customer concentration.
Neutral
PRNewsWire
1 month ago
Summit Midstream Corporation Schedules First Quarter 2025 Earnings Call
HOUSTON , April 25, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today that it will report operating and financial results for the first quarter of 2025 on Thursday, May 8, 2025, before the open of trading on the New York Stock Exchange. First Quarter 2025 Earnings Call SMC will host a conference call at 10:00 a.m.
Positive
Seeking Alpha
2 months ago
Summit Midstream: Likely Common Dividend Resumption Could Pop The Stock
Summit Midstream Corporation's Q4 results were decent, with adjusted EBITDA at $46.2M and free cash flow at $6.6M, aligning with expectations. 2025 guidance projects adjusted EBITDA between $245M-$280M, driven by well connections in the Rockies and the Moonrise Midstream acquisition. Free cash flow is expected to hit $100M, aiding deleveraging to a 3.5x leverage target and resumption of preferred dividends, potentially benefiting common shareholders.
Neutral
PRNewsWire
2 months ago
Summit Midstream Corporation Announces 2024 K-1 Tax Package Availability
HOUSTON , March 28, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Corporation") announced today that its 2024 tax packages for Summit Midstream Partners, LP, including a final Schedule K-1, are now available online and may be accessed at https://partnerdatalink.com/Summit. For additional information or assistance, unitholders may also contact Partner DataLink via email at SummitK1Help@deloitte.com or via phone at (855) 375-4158 Monday through Friday from 8:00 a.m.
Positive
Seeking Alpha
2 months ago
Summit Midstream Continues To Ramp Up Scale
Summit Midstream has continued to find new opportunities to make bolt-on acquisitions to its portfolio. The company has cleaned up its balance sheet and its debt-to-adjusted EBITDA is in line with peers, but interest rates are incredibly high. The Series A payment resumption is a strong step in the company's path to drive future shareholder returns.
Negative
Zacks Investment Research
3 months ago
Summit Midstream Posts Q4 Loss, Eyes Growth With Acquisitions
SMC reports a wider y/y Q4 loss, revenue dip and EBITDA decline. It eyes growth through acquisitions and investments in 2025.
Neutral
Seeking Alpha
3 months ago
Summit Midstream Corporation (SMC) Q4 2024 Earnings Call Transcript
Summit Midstream Corporation (NYSE:SMC ) Q4 2024 Earnings Conference Call March 11, 2024 10:00 AM ET Company Participants Randall Burton - Director, Finance and Investor Relations Heath Deneke - President, CEO, and Chairman Bill Mault - CFO Conference Call Participants Operator Ladies and gentlemen, thank you for standing by. Welcome to the Summit Midstream Corporation Fourth Quarter 2024 Earnings Conference Call.
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