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.)
- $471.2M
- Price
- $34.11
- % Change (Daily % change from the live per-ticker quote feed.)
- -1.67%
- Volume
- 47.5K
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 float7.5M
Float / shares54.1%
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-generated1/19
majorbullishearnings
Summit Midstream Corporation Reports Second Quarter 2026 Financial and Operating Results
Summit Midstream reported second quarter net income of $4.6 million and Adjusted EBITDA of $60.7 million, a 12% increase over the prior quarter driven by strong customer activity and new well connections.
The company generated $36.8 million in distributable cash flow and $9.4 million of free cash flow, supported by a 9.9% volume increase in the Mid-Con segment and growth in the Rockies.
Management tightened full-year 2026 Adjusted EBITDA guidance to a range of $235 million to $255 million and authorized a $35 million share repurchase program, while increasing capital expenditure guidance to $100 million to $120 million for growth projects.
Red flags
- Board continued to suspend cash dividends payable on common stock
- MVC shortfall payments of $4.2 million expire at the end of Q3 2026