Summit Midstream Corporation
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
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
29% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 14
10% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 20
3% more funds holding
Funds holding: 61 [Q1] → 63 (+2) [Q2]
1.6% more ownership
Funds ownership: 36.51% [Q1] → 38.1% (+1.6%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]
24% less capital invested
Capital invested by funds: $151M [Q1] → $115M (-$36.9M) [Q2]
Financial journalist opinion
