Summit Midstream

SMC

Market cap $404M

HOUSTON, March 31, 2026 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today that it and its subsidiary, Summit Midstream Partners, LP (the "Partnership"), have entered into a securities purchase agreement with an affiliate of Tailwater Capital LLC ("Tailwater"), for a private placement of 1,351,351 shares of the Company's common stock, at a price of $31.08 per share. The investment strengthens Summit's balance sheet and provides capital to fund the Company's strategic growth initiatives and general corporate purposes.

Summit Midstream Corp remains a strong buy, driven by undervalued natural gas assets and robust long-term demand fundamentals. SMC posted $60 million in Q4'25 adjusted EBITDA, $17 million FCF, and maintains a manageable 3.9x leverage ratio. The Double E pipeline, with new take-or-pay contracts and potential expansion, is poised to drive significant EBITDA growth.

Summit Midstream Corporation (SMC) Q4 2025 Earnings Call Transcript

HOUSTON, March 16, 2026 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today its financial and operating results for fourth quarter and full-year 2025, Permian and Rockies segment growth update, and provided full-year 2026 financial guidance. Highlights Fourth quarter net loss of $7.3 million, Adjusted EBITDA of $58.5 million, cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $33.7 million and free cash flow ("FCF") of $17.0 million Recently signed three 10+-year firm take-or-pay contracts on Double E that are expected to drive Permian Segment Adjusted EBITDA from $34 million in 2025 to approximately $60 million in 2029  Launched a binding open season on Double E to secure market commitments to support a mainline compression project to increase firm capacity by up to 50% from 1.6 Bcf/d to approximately 2.4 Bcf/d Refinanced Double E capital structure1 with a new term loan that will fund Double E capital projects (including the mainline compression project) and provide an $85 million one-time distribution to Summit to pay down debt and repay $45 million of arrears on its corporate Series A Preferred Stock Executed a new 10-year crude oil gathering agreement covering more than 200,000 acres in the Williston Active customer base with seven rigs running, approximately 90 DUCs and 116 to 126 wells expected in 2026 Provided 2026 full-year financial guidance range of $225 million to $265 million in Adjusted EBITDA and total capital expenditures of $85 million to $105 million, including $35 million attributable to Double E Management Commentary Heath Deneke, President, Chief Executive Officer and Chairman, commented, "We are pleased with the commercial and financial progress achieved over the past two quarters, which underscore the strategic value of our infrastructure, embedded growth opportunities, and our continued focus on execution with financial discipline.

HOUSTON, Feb. 27, 2026 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today that it will report operating and financial results for the fourth quarter of 2025 on Monday, March 16, 2026, after the close of trading on the New York Stock Exchange. Fourth Quarter 2025 Earnings Call Information SMC will host a conference call at 10:00 a.m.

HOUSTON, Feb. 2, 2026 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the  "Company") announced today that Chris Tennant will join the Company as Senior Vice President and Chief Commercial Officer (CCO), effective immediately. In this role, Chris will be responsible for overseeing Summit's commercial strategy, customer relationships, and long-term growth initiatives across the Company's footprint.

Summit Midstream (SMC) is emerging from a prolonged financial turnaround. SMC's opportunistic acquisition strategy is accelerating the recovery. While preferred dividends have resumed, common dividends remain suspended.

Summit Midstream's Q3 results show rising volumes, stronger cash flow and improved earnings as customer activity grows and 2026 development visibility strengthens.

Summit Midstream Corporation remains undervalued, with strong growth potential as natural gas demand and well connections accelerate into 2026. SMC's improving financials, driven by higher DCF and FCF, support ongoing debt reduction and future shareholder returns. Key risks include low utilization in Rockies and Piceance assets, but new drilling and AI-driven demand could boost volumes.

Summit Midstream Corporation ( SMC ) Q3 2025 Earnings Call November 11, 2025 10:00 AM EST Company Participants Randall Burton - Director of Finance, Treasurer & Investor Relations J. Deneke - President, CEO & Chairman William Mault - Executive VP & CFO Presentation Operator Good day, and thank you for standing by.