Summit Midstream SEC Filings

Charles Schwab Corporation submitted a Form 144 notice relating to the proposed sale of 10,000 shares of Common Stock. The filing lists an aggregate amount of $317,000.00 and includes multiple prior director compensation equity grants dated 03/15/2022, 03/15/2023, 03/14/2025, and 03/16/2026 with share counts shown. The filing identifies the exchange as NYSE.

Summit Midstream Corporation held its 2026 annual meeting of stockholders on May 7, 2026, where investors voted on five proposals. Holders of common and Class B common stock voted together on most items, while Class B stockholders voted separately on one director seat.

Stockholders elected three Class II directors and one Class II Class B director to serve until the 2029 annual meeting. They also ratified Deloitte & Touche LLP as independent registered public accounting firm for the year ending December 31, 2026, approved an advisory resolution on executive compensation, and approved Amendment No. 1 to the Summit Midstream Corporation 2024 Long-Term Incentive Plan.

Summit Midstream Corporation reported a small loss for the first quarter of 2026 but kept its full-year outlook intact. The company posted a net loss of $3.2 million, compared with net income of $4.6 million a year earlier, as operating costs and interest expense offset modest revenue growth.

Adjusted EBITDA was $54.2 million, down from $57.5 million, with Distributable Cash Flow of $26.9 million and Free Cash Flow of $11.4 million. Natural gas throughput on wholly owned systems slipped to 870 MMcf/d and liquids volumes to 64 Mbbl/d, while the Double E Pipeline averaged 805 MMcf/d and contributed $8.7 million of Adjusted EBITDA.

The company highlighted a new 100 MMcf/d, 10‑year firm capacity agreement on Double E and reiterated 2026 Adjusted EBITDA guidance of $225 million to $265 million. Liquidity remained solid with $43.4 million of cash and $381 million of ABL borrowing availability, and Summit was in compliance with leverage and interest coverage covenants. Summit repaid all $45–46.3 million of accrued Series A preferred dividends and completed a $42 million private placement of common stock, but the board continued to suspend the common dividend.

Summit Midstream Corporation reported a Q1 2026 net loss and executed major balance sheet moves. Total revenues rose to $139,142 (thousand dollars) from $132,697, driven mainly by higher natural gas, NGL and condensate sales, while net income swung to a loss of $3,166 (thousand dollars) from a $4,634 profit a year earlier.

Net loss attributable to common shareholders widened to $5,295 (thousand dollars), or $0.43 per share, versus a $0.16 loss. Operating cash flow fell to $6,870 (thousand dollars), but cash and restricted cash increased to $49,522 (thousand dollars) as the company refinanced its Permian credit facilities with a $440,000 (thousand dollars) New Permian Transmission Facility, redeemed $143,226 (thousand dollars) of Subsidiary Series A Preferred Units, paid $49,416 (thousand dollars) of Series A Preferred dividends including $46,300 (thousand dollars) in arrears, and raised $41,459 (thousand dollars) via a related-party equity issuance.

BlackRock, Inc. filed Amendment No. 1 to a Schedule 13G/A reporting beneficial ownership of 612,798 shares of Summit Midstream Corp common stock, equal to 4.9% of the class. The filing attributes these holdings to certain Reporting Business Units of BlackRock and shows sole voting power for 602,656 shares and sole dispositive power for 612,798 shares. The cover lists Summit Midstream Corp's principal office at 910 Louisiana Street, Suite 4200, Houston, TX. The amendment is signed by Spencer Fleming, Managing Director, dated 04/27/2026. The filing states that no single outside person holds more than 5% of the common stock.

Summit Midstream Corp director Jerry L. Peters reported gifting 7,466 shares of Common Stock on April 20, 2026. The transactions were bona fide gifts, split into two transfers of 3,733 shares each from his direct holdings and from a Joint Spousal Trust. After these gifts, he holds 26,979 shares indirectly through the Joint Spousal Trust and no shares directly.

Connect Midstream, LLC, a significant holder of Summit Midstream Corp, reported an open-market purchase of 1,220,918 shares of common stock at $31.08 per share on March 31, 2026. Following this transaction, Connect Midstream, LLC holds 1,367,397 common shares.

The shares are held directly by Connect Midstream, LLC, while entities including Tailwater Energy Fund III LP and Tailwater Capital LLC, and individuals Jason Downie and Edward Herring, are indirect reporting persons. The footnote states that each of these parties disclaims beneficial ownership of the shares except to the extent of their pecuniary interest.

Summit Midstream Corporation is asking stockholders to vote at its virtual 2026 annual meeting on May 7, 2026. Investors will elect three Class II directors plus one Class II Class B director, ratify Deloitte & Touche LLP as auditor, approve an advisory say-on-pay vote, and amend the 2024 long-term incentive plan.

The proxy describes 2025 progress, including acquiring Moonrise Midstream in the DJ Basin, adding about 80 miles of gas pipeline and 65 million cubic feet per day of processing capacity, reinstating the Series A preferred dividend, reducing leverage to about 4.2x Adjusted EBITDA, extending key Williston contracts, and fully subscribing Double E Pipeline’s primary firm forward-haul capacity.