Every 10-Q that Summit Midstream Corporation (SMC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SMC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SMC filings page.
Summit Midstream Corporation reported consolidated net income of $4.6 million for the quarter ended June 30 2026, compared with a net loss of $4.2 million a year earlier. Net income attributable to common stockholders was $1.6 million, or $0.12 basic EPS, versus a loss of $0.66 per share in 2025.
For the first six months of 2026, total revenues were $294.2 million versus $272.9 million in 2025, driven by higher natural gas, NGL and condensate sales, while gathering fees declined modestly. Segment adjusted EBITDA totaled $133.7 million, with Rockies and Permian improving and Mid-Con and Piceance lower.
Operating cash flow was $50.8 million, funding $44.3 million of capital expenditures and part of a major capital structure reshaping. The company closed a $440.0 million New Permian Transmission Facility, redeemed $143.2 million of Subsidiary Series A Preferred Units, paid $46.3 million of accrued Series A preferred dividends, and issued 1.35 million common shares for $41.5 million of cash. Total debt (net) rose to $1.24 billion, while total equity was $918.9 million as of June 30 2026.
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.
Summit Midstream Corporation reported higher activity in Q3. Total revenues were $146.9 million, up from $102.4 million a year ago, driven by growth in gathering fees and sales of natural gas, NGLs and condensate. After preferred distributions and noncontrolling interests, the company posted a net loss attributable to Summit Midstream Corporation of $1.6 million (basic EPS $(0.13)).
For the nine months, revenues were $419.8 million versus $322.6 million last year, with interest expense lower at $70.6 million compared to $95.0 million. Operating cash flow reached $79.9 million. The company completed the Moonrise Acquisition for approximately $90.0 million (including $70.0 million cash and 462,265 shares of common stock) and continued integrating Tall Oak (aggregate consideration $425.0 million plus potential earn-out up to $25.0 million).
On the balance sheet, 2029 Secured Notes outstanding were $825.0 million and the Amended and Restated ABL Facility balance was $150.0 million as of September 30, 2025. Shares outstanding were 12,261,954 common and 6,524,467 Class B as of October 31, 2025.
Summit Midstream Corporation reported stronger top-line activity with total revenues of $272.9 million for the six months ended June 30, 2025, up from $220.2 million a year earlier, driven by higher gathering and commodity sales. Operating cash flow improved to $53.2 million for the six-month period versus $31.0 million in the prior year, while capital expenditures totaled $47.0 million.
Despite higher revenues and asset growth, the company reported a net loss attributable to Summit Midstream Corporation of $9.9 million for the six months ended June 30, 2025 (versus net income of $94.98 million in the prior year). Balance sheet highlights include property, plant and equipment, net of $1.85 billion, long-term debt, net of unamortized costs of $1.06 billion, and available ABL borrowing capacity of approximately $359.2 million. Material transactions completed include the Tall Oak acquisition ($425.0 million) and the Moonrise acquisition (~$90.0 million). The company recorded accrued environmental and settlement liabilities of $15.0 million related primarily to the 2015 Blacktail Release and has $46.7 million of accrued and unpaid Series A preferred dividends.