Summit Midstream Corp.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $445.1M
- Price
- $32.29
- % Change (Daily % change from the live per-ticker quote feed.)
- -2.59%
- Volume
- 74.9K
About
Summit Midstream Corporation specializes in managing and developing critical energy infrastructure, primarily across the continental United States' significant shale formations. The company oversees extensive collection networks for natural gas, crude oil, and produced water. These operations span four major unconventional resource basins: the Williston Basin in North Dakota (encompassing the Bakken and Three Forks shale plays), the Denver-Julesburg Basin across Colorado and Wyoming (with its Niobrara and Codell formations), the Fort Worth Basin in Texas (featuring the Barnett Shale), and Colorado's Piceance Basin (home to the Mesaverde, and emerging Mancos and Niobrara formations). Their services cater directly to natural gas and crude oil producers. Established in 2012, Summit Midstream Corporation maintains its headquarters in Houston, Texas.
Quick stats
Shares outstanding13.8M
Computed float8.8M
Float / shares63.9%
Key info
SectorEnergy
IndustryOil & Gas Midstream
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0002024218
AI Summary
AI-generated1/13
majorbullishoperations update
Summit Midstream Corporation Announces Final Investment Decision on Double E Pipeline Mainline Compression Expansion
Summit Midstream reached a final investment decision on the Double E Pipeline mainline compression expansion, securing 550 MMcf/d of new long-term take-or-pay commitments.
The $100 million project, net to Summit’s 70% interest, is fully funded through the Summit Permian Transmission term facility and a converted accordion feature.
Management expects Permian Segment Adjusted EBITDA to grow from approximately $37 million in 2026 to over $100 million by 2030, driven by data center demand and basin connectivity.
Red flags
- Project subject to FERC and other regulatory approvals
- In-service date not expected until Q4 2028