Recent Updates — SMC
August 10, 2026View Source ↗
Summit Midstream Corporation reported second quarter 2026 net income of $4.6 million and Adjusted EBITDA of $60.7 million, a 12% increase from the first quarter. The company established a new $35 million stock repurchase program and tightened its full-year 2026 Adjusted EBITDA guidance to $235 million–$255 million while increasing capital expenditure guidance to $100 million–$120 million. Common dividends remain suspended, though Series A Preferred Stock dividends continue. Summit Midstream Corporation operates midstream energy infrastructure assets providing natural gas, crude oil, and produced water gathering, processing, and transportation services in unconventional resource basins across the continental United States.