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SMC

Summit Midstream

SMC

Market cap $466M

33.81 USD

-0.42

1.23%

At close Updated Sep 11, 1:52 PM EDT

1 day

-1.23%

5 days

-0.68%

1 month

-2.51%

3 months

12.93%

6 months

7.33%

Year to date

26.3%

1 year

44.55%

5 years

-10.18%

10 years

-90.24%

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 various unconventional resource basins including the Williston Basin, DJ Basin, Barnett Shale, Piceance Basin, Permian Basin, and the Arkoma Basin. The company's reportable segments are: Rockies, Permian, Mid-Con, Piceance, and Northeast. Maximum revenue is generated from the Mid-Con segment. Summit generates revenue mainly from natural gas, NGLs, and condensate sales, and the provision of gathering and related services.

Employees: 296

Energy Oil & Gas Midstream

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 44.4%

Neutral 44.4%

Negative 11.1%

Summit Midstream Corporation Announces Final Investment Decision on Double E Pipeline Mainline Compression Expansion

HOUSTON, Aug. 31, 2026 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today that Double E Pipeline, LLC ("Double E") has concluded a successful open season and reached a final investment decision on its previously announced mainline compression expansion project, supported by a new long-term firm transportation agreement with an investment-grade shipper. Highlights Reached a final investment decision on the mainline compression expansion, with an expected in-service date in the fourth quarter of 2028 Executed a new long-term take-or-pay firm transportation agreement with an investment-grade shipper for 200 MMcf/d, bringing total contracted firm capacity on Double E to approximately 2.2 Bcf/d Converted the $50 million uncommitted accordion at Summit Permian Transmission to committed, bringing total committed financing capacity to $100 million and fully funding Summit's expected Double E capital contributions Robust future growth opportunities associated with data center developments in Texas and New Mexico and connectivity with additional egress pipelines Management Commentary Heath Deneke, President, Chief Executive Officer and Chairman, commented, "Today's announcement is a significant milestone for Summit and Double E and further demonstrates the importance of the pipeline to producers and processors in the Delaware Basin.

Summit Midstream Corporation Announces Final Investment Decision on Double E Pipeline Mainline Compression Expansion

Summit Midstream: Strong Buy Potential From Improving Leverage And EBITDA Growth

Summit Midstream Corporation is rated Strong Buy, driven by a multi-year turnaround, deleveraging, and organic EBITDA growth. SMC targets 40% EBITDA growth by 2030, underpinned by Double E pipeline expansion and blue-chip customer contracts. Balance sheet restructuring and asset sales have positioned SMC for dividend reinstatement upon reaching a 3.5x leverage ratio.

Summit Midstream: Strong Buy Potential From Improving Leverage And EBITDA Growth

Zacks Investment Research

Why Summit Midstream (SMC) Might be Well Poised for a Surge

Summit Midstream Partners, LP (SMC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Why Summit Midstream (SMC) Might be Well Poised for a Surge

Summit Midstream Partners Q2 Earnings Call Highlights

Summit Midstream Partners NYSE: SMC reported second-quarter 2026 adjusted EBITDA of $60.7 million, up 12% from the first quarter, as growth in its Rockies and Mid-Con segments outweighed weaker results in the Piceance business.

Summit Midstream Partners Q2 Earnings Call Highlights

Summit Midstream Corporation (SMC) Q2 2026 Earnings Call Transcript

Summit Midstream Corporation (SMC) Q2 2026 Earnings Call Transcript

Summit Midstream Corporation (SMC) Q2 2026 Earnings Call Transcript

Summit Midstream Corporation Reports Second Quarter 2026 Financial and Operating Results

HOUSTON, Aug. 10, 2026 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today its financial and operating results for the three months ended June 30, 2026. Highlights Second quarter 2026 net income of $4.6 million, Adjusted EBITDA of $60.7 million, an increase of 12% relative to the first quarter of 2026, cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $36.8 million and free cash flow ("FCF") of $9.4 million Eight rigs currently operating behind the Rockies systems, including six in the Williston Basin and two in the DJ Basin, with approximately 75 DUCs across the footprint Mid-Con Segment natural gas volume throughput increased 9.9% to 523 MMcf/d relative to the first quarter of 2026, driving a 10% increase in Segment Adjusted EBITDA Established $35 million stock repurchase program Continued commercial progress in the Permian and Williston Basins, including new firm transportation agreements on Double E and a new crude gathering agreement in Divide County, North Dakota Tightened 2026 Adjusted EBITDA guidance range to $235 million to $255 million and increased total capital expenditures to $100 million to $120 million to reflect additional high-returning growth projects in the Rockies and Permian Segments Management Commentary Heath Deneke, President, Chief Executive Officer and Chairman, commented, "Customer activity ramped up meaningfully across our footprint during the second quarter with 36 new well connections, driving a 12% increase in Adjusted EBITDA relative to the first quarter.

Summit Midstream Corporation Reports Second Quarter 2026 Financial and Operating Results

Summit Midstream Corporation Schedules Second Quarter 2026 Earnings Call

HOUSTON, July 30, 2026 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today that it will report operating and financial results for the second quarter of 2026 on Monday, August 10, 2026, after the close of trading on the New York Stock Exchange. Second Quarter 2026 Earnings Call SMC will host a conference call at 10:00 a.m.

Summit Midstream Corporation Schedules Second Quarter 2026 Earnings Call

Summit Midstream: The Lower It Sits, The More Bought Back

Summit Midstream Corp is positioned for strong returns, leveraging its Double E pipeline expansion and balance sheet improvements. SMC expects to nearly double EBITDA by 2029E, driven by new Double E commitments and minimal capex, with potential $100 million EBITDA growth by 2030. Despite a $1.23 billion debt load, SMC's double-digit FCF yield and focus on debt reduction and capex moderation support a positive outlook.

Summit Midstream: The Lower It Sits, The More Bought Back

Zacks Investment Research

All You Need to Know About Summit Midstream (SMC) Rating Upgrade to Buy

Summit Midstream (SMC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

All You Need to Know About Summit Midstream (SMC) Rating Upgrade to Buy

Summit Midstream Secures Additional Double E Commitments and Extends Open Season Amid Strong Shipper Demand

HOUSTON, June 8, 2026 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit," "SMC" or the "Company") today announced continued commercial execution across two of its key growth platforms, the Double E Pipeline in the Permian Basin and its crude oil gathering systems in the Williston Basin. Highlights Executed two new long-term firm transportation agreements totaling 150 MMcf/d, bringing total Double E open season commitments to 250 MMcf/d and total contracted capacity to approximately 1.9 Bcf/d Extended Double E open season to June 30, 2026 given significant inbound interest; advanced discussions ongoing with multiple shippers in excess of available expansion capacity Expect to FID Double E compression expansion by end of the summer; executed purchase order to secure turbine compressor units to maintain end of 2028 project in-service date Executed a new crude gathering agreement in Divide County, North Dakota with more than 40,000-acre area of dedication; 15 new four-mile lateral well connects expected during fourth quarter 2026 Management Commentary Heath Deneke, President, Chief Executive Officer and Chairman, commented, "We are very pleased with the progress we are making on obtaining commercial commitments to support the previously announced Double E Compression Expansion project and we remain on track to reach a project FID by the end of this summer.

Summit Midstream Secures Additional Double E Commitments and Extends Open Season Amid Strong Shipper Demand

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