Summit Midstream

SMC

Market cap $308M

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.

HOUSTON , Nov. 10, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the  "Company") announced today its financial and operating results for the three months ended September 30, 2025. Highlights Third quarter 2025 net income of $5.0 million, adjusted EBITDA of $65.5 million, cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $36.7 million and free cash flow ("FCF") of $16.7 million Adjusted EBITDA increased by 7.2% from the second quarter of 2025, driven by higher natural gas volumes in the Rockies segment Connected 21 wells during the third quarter and maintained an active customer base with five drilling rigs and more than 90 DUCs behind our systems Double E Pipeline transported record volumes of 712 MMcf/d during the quarter and averaged 745 MMcf/d during September Anticipate well connects to be near the midpoint of the company's full-year expectations, with 109 wells connected year-to-date and approximately 50 wells expected to be connected in the fourth quarter Working closely with several customers on their 2026 development programs, with more than 120 new well connects expected in the first half of 2026 Management Commentary Heath Deneke, President, Chief Executive Officer and Chairman, commented, "We had a solid third quarter with continued growth across our operating footprint.

HOUSTON , Oct. 28, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today that it will report operating and financial results for the third quarter of 2025 on Monday, November 10, 2025, after the close of trading on the New York Stock Exchange. Third Quarter 2025 Earnings Call Information SMC will host a conference call at 10:00 a.m.

Summit Midstream Corporation has declined nearly 50% this year, facing persistent underutilization despite strong natural gas demand. SMC is actively reorienting its portfolio to position for long-term success, addressing operational and financial challenges. Patience remains essential, as the company works through shortfalls and aims to unlock value for investors.

Summit Midstream has undergone a significant reorganization. SMC's natural gas exposure positions it well for future demand growth. Recent acquisitions and divestitures are expected to drive positive earnings and EBITDA growth.

SMC posts higher y/y Q2 revenues and a narrower loss. The stock slides as guidance shifts to the low end amid commodity price and timing headwinds.

Summit Midstream Corporation (NYSE:SMC) Q2 2025 Earnings Conference Call August 12, 2025 10:00 AM ET

HOUSTON , Aug. 12, 2025 /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, 2025. Highlights Second quarter 2025 net loss of $4.2 million, adjusted EBITDA of $61.1 million, cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $32.4 million and free cash flow ("FCF") of $9.2 million Connected 47 wells during the second quarter and maintained an active customer base with three drilling rigs, and an additional rig expected in the Arkoma, with over 100 DUCs behind our systems Anchor customer in the Arkoma Basin expected to begin drilling a 20-well program with completions starting in the fourth quarter of 2025 through the first half of 2026 Executed a 10-year extension of certain gathering agreements with key customer in the Williston Basin Executed a new precedent agreement for 100 MMcf/d of firm capacity on the Double E Pipeline, with Q4 2026 expected in-service date and 10-year term SMC added to the Russell 3000, Russell 2000, and Russell Microcap Indexes during the June 30, 2025 FTSE Russell reconstitution Expect year-end financial results to be near the low end of our original 2025 Adjusted EBITDA guidance range of $245 million to $280 million Management Commentary Heath Deneke, President, Chief Executive Officer and Chairman, commented, "We generated $61.1 million of Adjusted EBITDA in the second quarter, slightly below our expectations at the midpoint of our guidance range, and connected 47 wells to our systems.