Summit Midstream Appoints Chris Tennant as Chief Commercial Officer

Rhea-AI Summary

Summit Midstream (NYSE: SMC) appointed Chris Tennant as Senior Vice President and Chief Commercial Officer, effective immediately. Tennant brings over three decades of midstream experience, including prior CCO responsibility at Matador Resources and 14 years of senior commercial roles at EnLink Midstream.

The hire is presented as strengthening Summit's commercial platform, supporting disciplined growth, customer relationships, and long-term shareholder value creation.

Positive

• Appointing a CCO with >30 years of midstream experience
• Deep expertise in NGL, crude oil, and natural gas markets
• Prior CCO role at Matador with third-party contract expansion experience
• 14-year senior commercial track record at EnLink Midstream

Negative

• None.

Key Figures

Industry experience: More than three decades Prior EnLink tenure: 14 years

2 metrics

Industry experience More than three decades Chris Tennant’s leadership across U.S. energy value chain

Prior EnLink tenure 14 years Time in senior commercial roles at EnLink Midstream

Market Reality Check

Price: $28.26 Vol: Volume 73,888 vs 20-day a...

high vol

$28.26 Last Close

Volume Volume 73,888 vs 20-day average 48,924, indicating elevated trading interest ahead of this leadership update. high

Technical Price $28.71 is trading above the $24.80 200-day moving average, reflecting a pre-news uptrend.

Peers on Argus

SMC was up 0.56% with mixed moves across peers: KNOP +1.14%, DLNG -2.83%, MMLP 0...

SMC was up 0.56% with mixed moves across peers: KNOP +1.14%, DLNG -2.83%, MMLP 0.00%, IMPP +2.02%, NFE +0.76%, suggesting a stock-specific response to the management change rather than a broad sector move.

Historical Context

4 past events · Latest: Dec 16 (Neutral)

Pattern 4 events

Date	Event	Sentiment	Move	Catalyst
Dec 16	Management / governance	Neutral	-0.7%	Tailwater Capital promoted two executives, including a Summit Midstream director.
Nov 10	Earnings results	Positive	-0.1%	Q3 2025 showed higher net income and adjusted EBITDA with record pipeline volumes.
Oct 28	Earnings scheduling	Neutral	+0.5%	Company scheduled Q3 2025 earnings call and conference appearances.
Aug 12	Earnings results	Negative	-16.6%	Q2 2025 loss and guidance toward low end of adjusted EBITDA range.

Pattern Detected

Recent earnings releases showed mixed market reactions, including a sharp selloff on weaker Q2 2025 guidance and a slight decline despite stronger Q3 2025 metrics, suggesting investors have been cautious around fundamental updates.

Recent Company History

Over the past six months, Summit Midstream’s key developments have centered on financial performance and capital markets visibility. Q2 2025 results included a net loss of $4.2 million and guidance toward the low end of a $245–$280 million Adjusted EBITDA range, driving a -16.63% move. Q3 2025 results improved with net income of $5.0 million and adjusted EBITDA of $65.5 million, yet shares were marginally lower. Today’s CCO appointment follows this period of operational progress but cautious market response.

Market Pulse Summary

This announcement highlights Summit Midstream’s effort to strengthen its commercial leadership by ap...

Analysis

This announcement highlights Summit Midstream’s effort to strengthen its commercial leadership by appointing a CCO with more than three decades of midstream and energy experience, including a 14-year tenure at EnLink Midstream. In recent quarters, SMC reported both a sharp selloff on weaker Q2 2025 guidance and improved Q3 2025 results. Investors may watch how the new CCO influences contract growth, system utilization, and the company’s ability to translate strategy into stable cash flow.

AI-generated analysis. Not financial advice.

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. His appointment reinforces Summit's focus on disciplined growth, strengthening its commercial platform, and delivering long-term value for shareholders.

Chris is a senior midstream executive with more than three decades of experience leading teams across the U.S. energy value chain, specializing in domestic midstream strategy and commercial optimization. He brings deep expertise in NGL, crude oil, and natural gas markets.

Chris most recently served as Senior Vice President and Chief Commercial Officer Midstream at Matador Resources, where he was responsible for developing and executing midstream strategies within an upstream enterprise, including the expansion of third-party contracts that enhance overall business value. Prior to Matador Resources, Chris had a 14-year tenure at EnLink Midstream, where he held several senior commercial leadership roles with responsibility for the company's commercial performance across gathering and processing, NGL infrastructure, crude oil systems, and regulated and non-regulated pipelines.

Heath Deneke, President, Chief Executive Officer and Chairman, commented, "Chris brings extensive commercial experience and demonstrated leadership across midstream organizations to Summit. His background in developing and executing commercial strategies will support our growth initiatives and continued focus on long-term value creation."

About Summit Midstream Corporation

SMC is a value-driven corporation focused on developing, owning and operating midstream energy infrastructure assets that are strategically located in the core producing areas of unconventional resource basins, primarily shale formations, in the continental United States. SMC provides natural gas, crude oil and produced water gathering, processing and transportation services pursuant to primarily long-term, fee-based agreements with customers and counterparties in five unconventional resource basins: (i) the Williston Basin, which includes the Bakken and Three Forks shale formations in North Dakota; (ii) the Denver-Julesburg Basin, which includes the Niobrara and Codell shale formations in Colorado and Wyoming; (iii) the Fort Worth Basin, which includes the Barnett Shale formation in Texas; (iv) the Arkoma Basin, which includes the Woodford and Caney shale formations in Oklahoma; and (v) the Piceance Basin, which includes the Mesaverde formation as well as the Mancos and Niobrara shale formations in Colorado. SMC has an equity method investment in Double E Pipeline, LLC, which provides interstate natural gas transportation service from multiple receipt points in the Delaware Basin to various delivery points in and around the Waha Hub in Texas. SMC is headquartered in Houston, Texas.

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SOURCE Summit Midstream Corporation

FAQ

Who is Chris Tennant and what role did Summit Midstream (SMC) give him?

Chris Tennant was named Senior Vice President and Chief Commercial Officer at Summit Midstream. According to the company, he is effective immediately and will oversee commercial strategy, customer relationships, and long-term growth initiatives across Summit's footprint.

What commercial experience does Chris Tennant bring to Summit Midstream (SMC)?

Tennant brings more than three decades of midstream experience, including work across NGL, crude, and natural gas. According to the company, his background includes a recent CCO role at Matador and 14 years of senior commercial leadership at EnLink Midstream.

How does Summit Midstream (SMC) expect Tennant to impact its growth strategy?

Summit expects Tennant to strengthen its commercial platform and support disciplined growth. According to the company, he will focus on commercial strategy, customer relationships, and initiatives aimed at delivering long-term shareholder value.

Was Chris Tennant's appointment at Summit Midstream (SMC) effective immediately and who commented?

Yes, Tennant's appointment is effective immediately. According to the company, Heath Deneke, President, CEO and Chairman, commented that Tennant's commercial experience and leadership will support Summit's growth initiatives and long-term value creation.