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.
Tailwater Capital promoted Doug Prieto and Drew Winston to Partner effective Dec. 16, 2025. The moves recognize their roles in advancing Tailwater’s energy and infrastructure investment strategy and expanding proprietary sourcing, technical capabilities, and long‑term value creation for limited partners.
Doug Prieto joined Tailwater in 2021, most recently served as CEO of Tailwater E&P, led mineral, royalty and non‑operated upstream investments, and serves on boards of Pivotal Petroleum Partners I & II and Pivotal Royalties Partners I & II. Drew Winston joined in 2018, leads deal sourcing and portfolio management, and serves on boards including WTG Energy, Central Midstream, Producers Midstream, Summit Midstream (NYSE: SMC) and Goodnight Midstream.
Summit Midstream (NYSE: SMC) reported third quarter 2025 results with net income $5.0M, adjusted EBITDA $65.5M, distributable cash flow $36.7M and free cash flow $16.7M. Adjusted EBITDA rose 7.2% QoQ, driven by higher Rockies natural gas volumes and a record Double E Pipeline throughput of 712 MMcf/d. Year-to-date well connects totaled 109 with ~50 expected in Q4 and >120 new connects targeted in H1 2026. Q3 capex was $22.9M; cash on hand was $24.6M and $150M was drawn on the $500M ABL with $349M available. The board continued the suspension of common dividends.
Summit Midstream (NYSE: SMC) will report third quarter 2025 operating and financial results on Monday, November 10, 2025 after market close. SMC will host an earnings conference call on Tuesday, November 11, 2025 at 10:00 a.m. Eastern to discuss the results.
Investors may register for the teleconference to receive a dial-in number and personalized PIN; the live webcast and archived replay will be available in the Investors section of www.summitmidstream.com. Senior management will also attend the Bank of America Leverage Finance Conference (Dec 2–3, 2025) and the Wells Fargo Energy & Power Symposium (Dec 9–10, 2025), with presentation materials posted on the investor site prior to each event.
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.