Summit Midstream Corp. — News

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.

prnewswire.com - 2026-07-30 16:35:00

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.

seekingalpha.com - 2026-07-05 10:38:46

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).

zacks.com - 2026-06-24 13:01:07

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.

prnewswire.com - 2026-06-08 07:00:00

Summit Midstream: The Final Steps And Then Growth

seekingalpha.com - 2026-06-01 15:26:19

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.

zacks.com - 2026-06-01 10:36:08

Lincoln Financial (NYSE: LNC) today announced the promotion of three senior leaders to its Senior Management Committee (SMC): Darrel Tedrow as Executive Vice P

gurufocus.com - 2026-06-01 10:00:00

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.

prnewswire.com - 2026-06-01 07:00:00

ASPEED Technology and Lattice Semiconductor Announce Strategic Partnership to Advance Next-Generation Control for Datacenter Management

gurufocus.com - 2026-05-28 04:00:00

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

gurufocus.com - 2026-05-22 21:15:00

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.

marketbeat.com - 2026-05-15 05:12:58

Summit Midstream Corporation (SMC) Q1 2026 Earnings Call Transcript

seekingalpha.com - 2026-05-12 13:50:51

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.

prnewswire.com - 2026-05-11 16:15:00

Summit Midstream Corporation (SMC) Shareholder/Analyst Call Prepared Remarks Transcript

seekingalpha.com - 2026-05-07 16:31:15