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Summit Midstream Corporation (NYSE: SMC) reported second quarter 2026 net income of $4.6 million, Adjusted EBITDA of $60.7 million (up 12% versus Q1 2026), Distributable Cash Flow of $36.8 million and Free Cash Flow of $9.4 million. Natural gas throughput on wholly owned systems averaged 899 MMcf/d and liquids volumes 68 Mbbl/d, while Double E averaged 859 MMcf/d and contributed $9.4 million of Adjusted EBITDA.
Summit tightened 2026 Adjusted EBITDA guidance to $235–$255 million and raised capital expenditure guidance to $100–$120 million. The company authorized a $35 million stock repurchase program and bought 34,624 shares for about $1.0 million in Q2, ending with total leverage of roughly 4.1x and $418 million of ABL borrowing availability.
Summit Midstream Corporation (NYSE: SMC) will release its operating and financial results for the second quarter of 2026 on Monday, August 10, 2026, after the close of NYSE trading.
The company will hold a related earnings conference call on August 11, 2026 at 10:00 a.m. Eastern, accessible via teleconference registration link and through a live webcast and archived replay in the Investors section of its website.
Summit Midstream (NYSE: SMC) reported new commercial progress across its Double E Pipeline in the Permian and crude gathering systems in the Williston Basin.
- Three new firm Double E agreements now total 250 MMcf/d, raising contracted capacity to about 1.9 Bcf/d.
- The Double E compression expansion open season is extended to June 30, 2026, with interest potentially exceeding available expansion capacity.
- The compression project would lift Double E capacity ~50% to 2.4 Bcf/d, with FID targeted by end of summer 2026 and an in-service date by end of 2028.
- Summit also signed a new crude gathering agreement in Divide County, North Dakota, covering over 40,000 dedicated acres and 15 planned four-mile laterals by year-end 2026, contributing to more than 240,000 acres of new dedicated footprint in six months.
Summit Midstream (NYSE: SMC) announced its inaugural stock repurchase program, authorizing buybacks of up to $35 million of common stock. Management cites improved free cash flow, financial flexibility, and repayment of all arrears on Series A preferred as support for this decision.
Repurchases may occur in the open market or privately, at management’s discretion, with no fixed end date.
Summit Midstream (NYSE:SMC) reported first quarter 2026 net loss of $3.2 million, Adjusted EBITDA of $54.2 million, Distributable Cash Flow of $26.9 million and Free Cash Flow of $11.4 million. Throughput averaged 870 MMcf/d of gas and 64 Mbbl/d of liquids.
The company connected 37 wells, signed new 10-year, 100 MMcf/d Double E capacity, and reiterated 2026 Adjusted EBITDA guidance of $225–$265 million. Summit completed a $42 million common equity private placement, refinanced Permian debt with a $440 million term facility, repaid accrued Series A preferred dividends, and kept the common dividend suspended.
Summit Midstream Corporation (NYSE: SMC) will report first-quarter 2026 operating and financial results on Monday, May 11, 2026 after market close. Summit will hold an earnings conference call at 10:00 a.m. ET on May 12, 2026, with a live webcast and archived replay available via the Investors section of its website.
Senior management will attend the 2026 Energy Infrastructure CEO & Investor Conference (May 18–20), RBC Global Energy, Power & Infrastructure Conference (June 2–3), and BofA Energy and Power Credit Conference (June 3–4); presentation materials will be posted on the investor website.
Summit Midstream (NYSE: SMC) entered a private placement with an affiliate of Tailwater Capital to issue 1,351,351 shares at $31.08 per share, raising approximately $42.0 million.
According to the company, proceeds will reduce borrowings under its asset-based lending facility and fund organic growth capital; Tailwater is expected to beneficially own about 39% post-transaction. Shares are subject to a 6-month lock-up and the deal was approved by the Audit Committee.
Summit Midstream (NYSE: SMC) reported Q4 2025 results with a net loss of $7.3M, Adjusted EBITDA $58.5M, DCF $33.7M and FCF $17.0M. Summit provided 2026 guidance of $225M–$265M Adjusted EBITDA and $85M–$105M capex (including $35M for Double E).
Key corporate actions include a $440M Double E term loan, an $85M one-time distribution to Summit to reduce preferred arrears and ABL borrowings, major long-term Double E take-or-pay contracts, and a 10-year Williston crude gathering agreement.
Summit Midstream Corporation (NYSE: SMC) will report fourth quarter 2025 operating and financial results on March 16, 2026 after market close and host an earnings call on March 17, 2026 at 10:00 a.m. ET.
According to the company, investors can join via teleconference after registration or listen to a live webcast and archive through the Investors section at www.summitmidstream.com.
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.