Every material Form 8-K Summit Midstream Corp has filed with the SEC since June 01, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Summit Midstream reported third quarter 2026 net income of $15.9 million, compared with $5.0 million a year earlier, and raised its full-year 2026 Adjusted EBITDA guidance to $250 million to $260 million from $235 million to $255 million. Common stock dividends remain suspended, and the company's total net leverage ratio was approximately 3.9x as of September 30, 2026.
Q3 2026 net income $15.9 million vs. $5.0 million in Q3 2025; diluted EPS $0.58 vs. a loss of $0.13
Total revenues $183.0 million vs. $146.9 million a year earlier; Adjusted EBITDA $70.7 million vs. $65.5 million
2026 Adjusted EBITDA guidance raised to $250 million to $260 million from $235 million to $255 million
Common stock dividends remain suspended; Series A Preferred dividend payable to holders of record on December 1, 2026
Summit Midstream reported second-quarter 2026 net income of $4.6 million, compared with a net loss of $4.2 million a year earlier, on total revenues of $155.0 million, up from $140.2 million. Adjusted EBITDA was $60.7 million, slightly below $61.1 million a year earlier but up 12% from the first quarter, and the company narrowed its 2026 Adjusted EBITDA guidance while raising its capital expenditure plan, which may matter to shareholders because the common dividend remains suspended.
Diluted earnings per share of $0.11 for Q2 2026, versus a loss of $0.66 per share in Q2 2025
Total revenues of $155.0 million, up from $140.2 million a year earlier; Adjusted EBITDA of $60.7 million versus $61.1 million
2026 Adjusted EBITDA guidance tightened to $235 million to $255 million; capital expenditure guidance raised to $100 million to $120 million from $85 million to $105 million
Board authorized a $35 million stock repurchase program; common dividends remain suspended, and the Series A Preferred dividend is payable September 14, 2026
In a June 8, 2026 press release furnished under Item 7.01, Summit Midstream reported two new long-term firm transportation agreements for 150 MMcf/d on its Double E Pipeline, bringing open season commitments to 250 MMcf/d and total contracted capacity to approximately 1.9 Bcf/d. It also signed a crude gathering agreement in Divide County, North Dakota, and the company says the commercial progress supports its planned compression expansion, with a final investment decision expected by the end of summer 2026.
Two new long-term firm transportation agreements total 150 MMcf/d; open season commitments now total 250 MMcf/d.
Total Double E contracted firm capacity is approximately 1.9 Bcf/d; the open season is extended to June 30, 2026.
Compression expansion would raise capacity about 50%, from 1.6 Bcf/d to 2.4 Bcf/d, with a final investment decision expected by end of summer 2026 and an end of 2028 target in-service date.
New Divide County, North Dakota crude gathering agreement covers a 40,000-acre dedication, with 15 four-mile lateral well connects expected in the fourth quarter of 2026.
Summit Midstream Corporation (NYSE: SMC) said its Board authorized an inaugural program to repurchase up to $35 million of its common stock. The CEO said the company has repaid all arrears on its Series A Preferred Stock and is now in a position to use buybacks to support liquidity and the secondary market for its shares.
Program authorizes repurchases of up to $35 million of common stock, par value $0.01 per share, announced June 1, 2026
Repurchases may be made in the open market, in privately negotiated or block transactions, or under a Rule 10b5-1 plan, subject to debt covenants and market conditions
The program has no fixed expiration date, does not require a specific number of shares to be bought, and may be suspended or discontinued at any time
CEO Heath Deneke said the company has repaid all arrears on its Series A Preferred Stock
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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