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AI brief of an SEC Form 8-K · Summit Midstream Corp (SMC)

Summit Midstream Q2 net income $4.6 million; 2026 EBITDA guidance narrowed

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanySummit Midstream Corp (SMC)
Form8-K, current report
Filed with the SECAug 10, 2026, 4:38 PM ET
Accession number0002024218-26-000089

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 10, 2026.

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.