Welcome to our dedicated page for Summit Midstream news (Ticker: smc), a resource for investors and traders seeking the latest updates and insights on Summit Midstream stock.
Summit Midstream Corporation (SMC) operates critical midstream infrastructure across U.S. unconventional basins, specializing in natural gas, crude oil, and produced water management through fee-based contracts. This page provides investors and industry stakeholders with a comprehensive repository of official news and press releases.
Access timely updates on earnings reports, strategic acquisitions, regulatory developments, and operational milestones. Our curated collection eliminates the need to monitor multiple sources, offering direct access to verified information about SMC's infrastructure projects and market positioning.
Key content includes analysis of basin-specific operations, corporate restructuring impacts, and long-term contract developments. All materials maintain neutral reporting standards while highlighting SMC's role in energy logistics and risk-mitigated revenue strategies.
Bookmark this page for efficient tracking of SMC's evolving position within the midstream sector. Combine regular checks with broader market research to maintain informed perspectives on energy infrastructure investments.
Summit Midstream Corporation (NYSE:SMC) reported Q2 2025 financial results with a net loss of $4.2 million, adjusted EBITDA of $61.1 million, and free cash flow of $9.2 million. The company connected 47 new wells and maintained operations with three drilling rigs.
Key developments include a 10-year extension of gathering agreements in the Williston Basin, a new 100 MMcf/d capacity agreement for the Double E Pipeline, and SMC's addition to the Russell 3000, 2000, and Microcap Indexes. Natural gas throughput increased 3.3% to 912 MMcf/d, while liquids volumes rose 5.4% to 78 Mbbl/d.
Management expects year-end results to be near the low end of their 2025 Adjusted EBITDA guidance range of $245-280 million, citing timing and performance challenges in the DJ and Arkoma Basins.
Summit Midstream Corporation (NYSE: SMC) has scheduled its second quarter 2025 earnings release for Monday, August 11, 2025, after NYSE market close. The company will host a conference call on August 12, 2025, at 10:00 a.m. Eastern to discuss the quarterly results.
Participants can access the earnings call via teleconference through a registration link, with recommended joining 10 minutes before the event. Additionally, SMC's management team will attend Citi's 2025 Natural Resources Conference from August 12-14, 2025. Presentation materials for both events will be available in the Investors section of SMC's website.
[]Summit Midstream Corporation (NYSE: SMC) has announced the availability of its 2024 Schedule K-3 tax packages for both common and preferred unitholders of Summit Midstream Partners, LP. The tax documents can be accessed online through specific portals for each type of unitholder.
Common unitholders can access their K-3 forms at partnerdatalink.com/Summit, while preferred unitholders should visit partnerdatalink.com/SummitPreferred. Physical copies are available upon request. Support services are provided through Partner DataLink during business hours, with dedicated contact information for both common and preferred unitholders.
Summit Midstream (NYSE: SMC) has announced its schedule for the first quarter 2025 earnings release and conference call. The company will release its Q1 2025 operating and financial results on Thursday, May 8, 2025, before NYSE trading opens.
A conference call is scheduled for 10:00 a.m. Eastern on May 8, 2025, to discuss the quarterly results. Participants are encouraged to join 10 minutes before the start time and can access the call through registration on the company's website.
Additionally, SMC's senior management will participate in three upcoming investor conferences: the 2025 Energy Infrastructure CEO & Investor Conference (May 20-22), the RBC Capital Markets Global Energy, Power & Infrastructure Conference (June 3-4), and the BofA Energy and Power Credit Conference (June 4-5). Presentation materials will be available on SMC's website before each event.
Summit Midstream (NYSE: SMC) has announced the availability of its 2024 tax packages, including final Schedule K-1s, for Summit Midstream Partners, LP. The tax documents can be accessed online at the Partner DataLink portal. Physical copies will be mailed to unitholders this week.
Notably, this will be the last tax package issued in this format, as SMC completed its conversion from a master partnership to a on August 1, 2024. Unitholders requiring assistance can contact Partner DataLink via email or phone during business hours (8:00 a.m. – 5:00 p.m. CDT).
Summit Midstream (NYSE: SMC) reported its Q4 and full-year 2024 results, posting a Q4 net loss of $24.8 million, adjusted EBITDA of $46.2 million, and free cash flow of $6.6 million. The company successfully reduced its total leverage to 3.9x by year-end 2024.
Key operational highlights include connecting 23 wells in Q4, totaling 156 wells in 2024, with 100+ DUCs behind their systems. Natural gas throughput increased 10.5% to 737 MMcf/d, while liquids volumes declined 2.9% to 68 Mbbl/d.
SMC completed two strategic acquisitions: Tall Oak Midstream III and Moonrise Midstream in the DJ Basin. The company provided 2025 guidance projecting adjusted EBITDA of $245-280 million and capital expenditures of $65-75 million. SMC expects 125-185 well connections in 2025 and has reinstated cash dividends on Series A Preferred Stock starting March 15, 2025.
Summit Midstream (NYSE: SMC) has acquired Moonrise Midstream from Fundare Resources for $90 million, comprising $70 million in cash and $20 million in SMC equity. The acquisition expands Summit's DJ Basin footprint with ~80 miles of natural gas gathering pipeline, ~25 miles of crude oil gathering pipeline, and 65 MMcf/d of processing capacity (expandable to ~100 MMcf/d).
The transaction represents a value-accretive acquisition multiple of approximately 5.0x 2024 Adjusted EBITDA. The Moonrise assets, located in Weld County, Colorado, include a 65 MMcf/d natural gas processing plant, 22,300 horsepower of compression, and long-term fee-based contracts covering approximately 60,000 leased acres from key customers including Fundare Resources, Verdad, Bison IV, and a large integrated energy company.
The acquisition aims to provide additional processing capacity and system redundancy while positioning Summit to handle future volume growth efficiently. Currently, three rigs are operating in Summit's dedicated acreage, with key customers planning multi-year development starting in 2026.
Summit Midstream (NYSE: SMC) has announced the resumption of its preferred dividend payments, with the board declaring a quarterly cash dividend of $51.27 per share on its Series A fixed-to-floating rate cumulative redeemable perpetual preferred stock. The dividend will be paid on March 15, 2025, to shareholders of record as of March 3, 2025. The payment will be distributed across 65,508 outstanding shares of Series A Preferred Stock. The company noted that previously unpaid dividends from prior periods remain accrued.
Summit Midstream (NYSE: SMC) has announced its schedule for the Fourth Quarter 2024 earnings call, which will take place on Tuesday, March 11, 2025. The company will release its operating and financial results before the New York Stock Exchange opens for trading on that day.
The conference call is scheduled for 10:00 a.m. Eastern on March 11, 2025, where SMC will discuss its quarterly performance. Interested participants can access the call via teleconference by registering through the provided link. Upon registration, participants will receive a dial-in number and a personalized PIN for call access. SMC recommends joining 10 minutes before the event starts.
The conference call, live webcast, and archive will be accessible through the Investors section of Summit Midstream's website at www.summitmidstream.com.
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