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Summit Midstream Corp.
SMCEnergyNYSEUS
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Summit Midstream: The Final Steps And Then Growth
The heavy selling pressure might have exhausted for Summit Midstream (SMC) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Lincoln Financial (NYSE: LNC) today announced the promotion of three senior leaders to its Senior Management Committee (SMC): Darrel Tedrow as Executive Vice P
HOUSTON, June 1, 2026 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit," "SMC" or the "Company") today announced that its Board of Directors has authorized the Company's inaugural stock repurchase program to repurchase up to $35 million of the Company's outstanding common stock. Heath Deneke, President, Chief Executive Officer and Chairman, commented, "The authorization of our inaugural share repurchase program reflects the Board's confidence in Summit's financial strength and the significant progress we have made over the past year in simplifying our balance sheet and strengthening our platform.
ASPEED Technology and Lattice Semiconductor Announce Strategic Partnership to Advance Next-Generation Control for Datacenter Management
On May 22, 2026, Summit Midstream Corp (SMC) shares fell 3.7% to $30.86, reflecting a decline of 4.0% over the past week. Over the last year, the stock has perf
Summit Midstream Partners NYSE: SMC said first-quarter 2026 results were broadly in line with expectations, as strength in its Rockies business helped offset weaker volumes and lower realized residue gas prices in its MidCon segment.
Summit Midstream Corporation (SMC) Q1 2026 Earnings Call Transcript
HOUSTON, May 11, 2026 /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, 2026. Highlights First quarter 2026 net loss of $3.2 million, Adjusted EBITDA of $54.2 million, cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $26.9 million and free cash flow ("FCF") of $11.4 million Connected 37 wells during the first quarter, including four Williston wells from the new 10-year crude gathering agreement; five rigs currently running with approximately 80 DUCs behind the systems Executed a new precedent agreement for 100 MMcf/d of firm capacity on the Double E Pipeline, with Q1 2027 expected in-service date and 10-year term Repaid all $45 million of accrued Series A Preferred Stock dividends clearing a key milestone toward reinstating a common dividend Completed a $42 million private placement of common stock to an affiliate of Tailwater Capital LLC, Summit's largest shareholder, providing additional financial flexibility to execute on high-return growth projects and reduce ABL borrowings Reiterating 2026 full-year Adjusted EBITDA guidance of $225 million to $265 million, supported by accelerating producer activity in the Rockies and anticipated Mid-Con volume ramp Management Commentary Heath Deneke, President, Chief Executive Officer and Chairman, commented, "First quarter results reflected favorable crude oil prices primarily impacting our Rockies segment, offset by lower realized residue gas prices and lower than expected volumes in the Mid-Con Segment.
Summit Midstream Corporation (SMC) Shareholder/Analyst Call Prepared Remarks Transcript
HOUSTON, April 29, 2026 /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 2026 on Monday, May 11, 2026, after the close of trading on the New York Stock Exchange. First Quarter 2026 Earnings Call SMC will host a conference call at 10:00 a.m.
Eagle Global Advisors LLC trimmed its position in shares of Summit Midstream Partners, LP (NYSE: SMC) by 22.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 203,822 shares of the company's stock after selling 60,364 shares during the period. Eagle Global
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 Partners (NYSE: SMC) outlined fourth-quarter and full-year 2025 results alongside an update on commercial activity at its Double E Pipeline and its 2026 outlook, emphasizing new long-term take-or-pay contracts, a refinancing at the Permian joint venture, and a multi-year organic growth framework. Fourth-quarter results and 2025 totals Management said the company generated approximately $58.6
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.
