{"filings":[{"id":974958,"accession_number":"0002024218-26-000081","cik":2024218,"company_name":"Summit Midstream Corp","ticker":"SMC","form_type":"8-K","filed_at":"2026-06-10T21:06:12+00:00","items":["7.01","9.01"],"status":"ready","headline":"Summit Midstream secures 150 MMcf/d in new Double E commitments, extends open season","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Executed two new firm transport agreements totaling 150 MMcf/d, bringing total Double E commitments to 250 MMcf/d and contracted capacity to ~1.9 Bcf/d.","Extended Double E open season to June 30, 2026; expects FID on compression expansion by end of summer with turbine compressors ordered.","New crude gathering agreement in Divide County, ND with >40,000-acre dedication; 15 new four-mile lateral well connects expected Q4 2026.","Also entered firm option for additional 200 MMcf/d; received affirmative FID notice on previously announced 230 MMcf/d agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":586976402.330648,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":778956,"accession_number":"0002024218-26-000078","cik":2024218,"company_name":"Summit Midstream Corp","ticker":"SMC","form_type":"8-K","filed_at":"2026-06-01T20:31:58+00:00","items":["7.01","9.01"],"status":"ready","headline":"Summit Midstream Corporation announces inaugural $35 million stock repurchase program","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board authorized repurchase of up to $35 million of common stock (NYSE: SMC).","Repurchases may be made in open market, private transactions, or via Rule 10b5-1 plan.","Program has no fixed expiration and may be suspended or discontinued at any time.","CEO cites improved balance sheet, free cash flow, and confidence in stock's value as rationale.","This is the Company's first common stock buyback program."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":586976402.330648,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":42361,"accession_number":"0002024218-26-000072","cik":2024218,"company_name":"Summit Midstream Corp","ticker":"SMC","form_type":"8-K","filed_at":"2026-05-12T20:58:34+00:00","items":["5.07"],"status":"ready","headline":"Summit Midstream shareholders elect directors, ratify auditor, approve say-on-pay and LTIP amendment","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Elected three Class II directors: J. Heath Deneke (13.85M for), Robert J. McNally (13.95M for), Carolyn J. Stone (14.13M for).","Elected Class II Class B director James E. Herring, Jr. with 6.52M votes for, zero withheld.","Ratified Deloitte & Touche as independent auditor for FY2026 with 17.08M for, 55,629 against.","Advisory vote on executive compensation approved: 12.00M for, 2.16M against, 5,897 abstentions.","Approved Amendment No. 1 to 2024 Long-Term Incentive Plan: 11.99M for, 2.16M against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":586976402.330648,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":13605,"accession_number":"0002024218-26-000070","cik":2024218,"company_name":"Summit Midstream Corp","ticker":"SMC","form_type":"8-K","filed_at":"2026-05-11T20:23:40+00:00","items":["2.02","9.01"],"status":"ready","headline":"Summit Midstream Q1 net loss $3.2M; Adj. EBITDA $54.2M; reiterates FY guidance $225-265M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss of $3.2M; Adjusted EBITDA $54.2M; DCF $26.9M; FCF $11.4M for Q1 2026.","Connected 37 wells; new 100 MMcf/d precedent agreement on Double E Pipeline (Q1 2027 in-service, 10-year term).","Repaid $46.3M all accrued Series A Preferred dividends; completed $42M common stock placement to Tailwater Capital.","Double E contracted volume reaches 1.755 Bcf/d; full-year 2026 Adj. EBITDA guidance reaffirmed at $225-$265M.","ABL revolver drawn $116M of $500M; total leverage 4.2x; Summit Permian Transmission entered $440M term facility."],"consensus_eps_estimate":-0.4949,"consensus_eps_actual":-0.43,"consensus_revenue_estimate":null,"consensus_revenue_actual":139142000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl+finnhub","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":586976402.330648,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":97273,"accession_number":"0002024218-26-000062","cik":2024218,"company_name":"Summit Midstream Corp","ticker":"SMC","form_type":"8-K","filed_at":"2026-04-02T23:59:59+00:00","items":["1.01","3.02","7.01","9.01"],"status":"ready","headline":"Summit Midstream raises $42M via private placement of 1.35M shares at $31.08 to Tailwater affiliate","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Issued 1,351,351 shares at $31.08/share to Tall Oak Midstream Holdings (Tailwater) for $42M cash.","Tailwater ownership rises from ~35% to ~39% of Summit's outstanding equity post-closing.","Proceeds to reduce ABL borrowings and fund organic growth capital projects.","Shares subject to a 6-month lock-up and sold under Section 4(a)(2) exemption.","Transaction approved unanimously by independent audit committee; closed March 31, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":586976402.330648,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":111909,"accession_number":"0002024218-26-000016","cik":2024218,"company_name":"Summit Midstream Corp","ticker":"SMC","form_type":"8-K","filed_at":"2026-03-16T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Summit Midstream reports Q4 Adj. EBITDA $58.5M; signs new Double E contracts, refinances, provides 2026 guidance","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Q4 2025 net loss $7.3M; Adj. EBITDA $58.5M; DCF $33.7M; FCF $17.0M.","Signed multiple 10+ year firm contracts on Double E; expects Permian segment EBITDA from $34M (2025) to ~$60M (2029).","Refinanced Double E with $440M term loan; $85M distribution to Summit for $45M preferred arrears and $40M ABL paydown.","Executed 10-year crude gathering agreement covering 200,000+ acres in Williston (Rockies).","2026 guidance: Adj. EBITDA $225M-$265M; total capex $85M-$105M incl. $35M for Double E."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":586976402.330648,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":128534,"accession_number":"0002024218-25-000071","cik":2024218,"company_name":"Summit Midstream Corp","ticker":"SMC","form_type":"8-K","filed_at":"2025-12-29T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Summit Midstream appoints Carolyn J. Stone as director; Marguerite Woung-Chapman retires","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Carolyn J. Stone appointed to Class II board seat, effective March 16, 2026.","Marguerite Woung-Chapman retiring as of March 15, 2026; no disagreements with company.","Stone, age 53, is former CFO/Treasurer of Civeo Corporation (NYSE) and a CPA.","Stone served as VP/Controller and CAO at Civeo; prior CFO at Synagro Technologies, roles at Dynegy.","Stone will receive standard director compensation; no arrangements with any person for her selection."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":586976402.330648,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":128533,"accession_number":"0002024218-25-000068","cik":2024218,"company_name":"Summit Midstream Corp","ticker":"SMC","form_type":"8-K","filed_at":"2025-11-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SMC Q3 adj. EBITDA $65.5M (+7.2% QoQ); FY2025 guidance near low end of $245M-$280M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $5.0M; DCF $36.7M; FCF $16.7M for Q3 2025.","Adj. EBITDA up 7.2% from Q2; natgas throughput 925 MMcf/d (+1.4% QoQ).","FY2025 adj. EBITDA expected near low end of $245M-$280M guidance due to customer timing.","109 wells connected YTD, ~50 expected in Q4; over 120 new well connects expected H1 2026.","ABL revolver $150M drawn, $349M available; interest coverage 2.7x, leverage in compliance."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.95,"consensus_revenue_estimate":null,"consensus_revenue_actual":419797000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":586976402.330648,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":145333,"accession_number":"0002024218-25-000063","cik":2024218,"company_name":"Summit Midstream Corp","ticker":"SMC","form_type":"8-K","filed_at":"2025-08-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Summit Midstream Q2 net loss $4.2M, adjusted EBITDA $61.1M; FY guidance near low end","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss of $4.2M in Q2 2025; adjusted EBITDA $61.1M, DCF $32.4M, free cash flow $9.2M.","FY 2025 adjusted EBITDA expected near low end of $245M–$280M original guidance range.","Connected 47 wells in Q2; Arkoma anchor customer to start 20-well program (completions Q4 2025–H1 2026).","Executed 10-year extension of Williston Basin gathering agreements; new Double E Pipeline firm capacity agreement for 100 MMcf/d."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.83,"consensus_revenue_estimate":null,"consensus_revenue_actual":272914000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":586976402.330648,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":163725,"accession_number":"0002024218-25-000049","cik":2024218,"company_name":"Summit Midstream Corp","ticker":"SMC","form_type":"8-K","filed_at":"2025-05-09T23:59:59+00:00","items":["5.02","5.07","9.01"],"status":"ready","headline":"Summit Midstream updates executive compensation; raises base pay for CEO and EVPs","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["CEO Deneke base salary $795,000; target bonus 120% of base (0-300% range); LTIP target 450% of base.","EVPs Johnston and Mault base salary $450,000 each; target bonus 85% of base (0-200%); LTIP targets 233% and 240%.","All changes effective March 28, 2025; officers consented and waived Good Reason claims.","Annual meeting elected directors, ratified Deloitte & Touche for FY2025, and approved say-on-pay with ~86% support."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":586976402.330648,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":163724,"accession_number":"0002024218-25-000046","cik":2024218,"company_name":"Summit Midstream Corp","ticker":"SMC","form_type":"8-K","filed_at":"2025-05-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Summit Midstream Q1 2025 net income $4.6M, adjusted EBITDA $57.5M; reiterates FY guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q1 net income $4.6M, adjusted EBITDA $57.5M, DCF $33.5M; results in line with management expectations.","Raised $250M of 8.625% Senior Secured Second Lien Notes due 2029 at issue price 103.375%.","Acquired Moonrise Midstream in DJ Basin on March 10, 2025; connected 41 wells during quarter.","Reiterated FY2025 adjusted EBITDA guidance $245-280M and capex $65-75M.","Reinstated cash dividend on Series A Preferred Stock; common dividend remains suspended."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.16,"consensus_revenue_estimate":null,"consensus_revenue_actual":132697000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":586976402.330648,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":181608,"accession_number":"0002024218-25-000040","cik":2024218,"company_name":"Summit Midstream Corp","ticker":"SMC","form_type":"8-K","filed_at":"2025-03-24T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Summit Midstream files pro forma showing 2024 net loss of $192.5M after Tall Oak acquisition adjustments","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Pro forma net loss attributable to Summit Midstream: -$192.5M vs historical -$122.2M.","Pro forma diluted EPS of ($19.42) vs historical ($12.78) per share.","Tall Oak Acquisition closed Dec 2, 2024 for total consideration of $425M (cash, earn-out, stock).","Pro forma revenues of $500.4M; Tall Oak contributed $89.6M in pre-acquisition period revenues.","Adjustments reflect divestitures (Utica Sale $625M, Mountaineer $70M) and refinancing transactions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":586976402.330648,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":181607,"accession_number":"0002024218-25-000025","cik":2024218,"company_name":"Summit Midstream Corp","ticker":"SMC","form_type":"8-K","filed_at":"2025-03-14T23:59:59+00:00","items":["1.01","2.01","3.02","7.01","9.01"],"status":"ready","headline":"Summit Midstream acquires Moonrise Midstream for $90M, adding DJ Basin capacity","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Total consideration $90M: $70M cash (credit facility) + ~462k SMC shares ($20M equity).","Moonrise assets: 65 MMcf/d processing plant, ~80 miles gas gathering, ~25 miles crude oil pipeline, 22,300 hp compression.","Acquisition multiple ~5.0x 2024 Adj. EBITDA; cash portion ~3.9x, leverage-neutral.","Three rigs active in DJ Basin; customers have multi-year development plans starting 2026; Moonrise adds processing to alleviate constraints.","Registration rights: 3-month lock-up, then daily trading caps of 10k then 12k shares; piggyback rights included."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":586976402.330648,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":181606,"accession_number":"0002024218-25-000019","cik":2024218,"company_name":"Summit Midstream Corp","ticker":"SMC","form_type":"8-K","filed_at":"2025-03-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Summit Midstream Q4 net loss $24.8M, adj EBITDA $46.2M, guides FY2025 $245-280M, closes Moonrise acquisition","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 2024 net loss $24.8M; adjusted EBITDA $46.2M; distributable cash flow $22.1M; free cash flow $6.6M.","Reduced total leverage to 3.9x at year-end 2024; reinstated cash dividend on Series A preferred starting March 15.","Closed bolt-on acquisition of Moonrise Midstream in DJ Basin on March 10, 2025 (value- and credit-accretive).","FY2025 guidance: adjusted EBITDA $245M-$280M; total capex $65M-$75M; expects >$100M levered free cash flow.","Connected 156 wells in 2024; 125-185 wells expected in 2025; over 100 DUCs behind systems."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":586976402.330648,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":181605,"accession_number":"0001213900-25-002670","cik":2024218,"company_name":"Summit Midstream Corp","ticker":"SMC","form_type":"8-K","filed_at":"2025-01-10T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"Summit Midstream issues additional $250M of 8.625% senior secured second lien notes due 2029","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Additional $250M in 8.625% Senior Secured Second Lien Notes due 2029 issued, total now $825M outstanding.","Interest paid semi-annually at 8.625% per annum; notes mature October 31, 2029.","Proceeds used to repay ABL facility borrowings and for general corporate purposes.","Up to 40% of notes redeemable prior to July 31, 2026 at 108.625% with equity offering proceeds.","Notes rank pari passu with existing notes and are guaranteed on a senior second-priority basis."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":586976402.330648,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":181604,"accession_number":"0001213900-25-001732","cik":2024218,"company_name":"Summit Midstream Corp","ticker":"SMC","form_type":"8-K","filed_at":"2025-01-08T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Summit Midstream prices $250M additional 8.625% senior secured second lien notes due 2029","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Priced at 103.375% of par; will form single series with existing $575M notes.","Net proceeds to repay portion of ABL facility and for general corporate purposes.","Offering expected to close on or about January 10, 2025, subject to customary conditions.","Notes guaranteed on senior second-priority basis by SMC and certain subsidiaries."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":586976402.330648,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":181603,"accession_number":"0001213900-25-001417","cik":2024218,"company_name":"Summit Midstream Corp","ticker":"SMC","form_type":"8-K","filed_at":"2025-01-07T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Summit Midstream proposes $250M additional 8.625% notes due 2029; discloses strategic deal talks","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Subsidiary offers $250M additional 8.625% Senior Secured Second Lien Notes due 2029.","Proceeds to repay a portion of ABL borrowings and for general corporate purposes.","Additional Notes form a single series with existing $575M 8.625% notes due 2029.","Company discloses ongoing discussions with unaffiliated third parties about potential material acquisitions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":586976402.330648,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198390,"accession_number":"0002024218-24-000046","cik":2024218,"company_name":"Summit Midstream Corp","ticker":"SMC","form_type":"8-K","filed_at":"2024-12-06T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Summit Midstream integrates Tall Oak assets: adds four subsidiaries as guarantors on $575M notes and ABL facility","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["On Dec 2, completed acquisition of Tall Oak Midstream; on Dec 4, added Tall Oak, Woodford, Arkoma, BCZ as guarantors under existing debt.","Guarantors provided guarantees for $575M 8.625% Senior Secured Second Lien Notes due 2029.","Guarantors granted security interests in substantially all personal property under Collateral Agreement Supplement.","Entered Joinder Agreement to ABL credit facility, granting liens and guarantees for obligations.","Executed Grantor Joinder to Intercreditor Agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":586976402.330648,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198384,"accession_number":"0002024218-24-000043","cik":2024218,"company_name":"Summit Midstream Corp","ticker":"SMC","form_type":"8-K/A","filed_at":"2024-12-04T23:59:59+00:00","items":["9.01"],"status":"ready","headline":"Summit Midstream files audited FY2023 financials for acquired Tall Oak: $116M revenue, $32.6M net income","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Tall Oak 2023 revenue $116.4M, net income $32.6M, operating cash flow $51.3M.","Total assets $371.9M, member's equity $209.6M as of Dec 31, 2023.","Acquisition closed Dec 2, 2024; consideration included cash and SMC equity (amount not disclosed).","Filing also includes unaudited 2024 YTD and pro forma combined financials (Exhibits 99.3, 99.4)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":586976402.330648,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198389,"accession_number":"0002024218-24-000041","cik":2024218,"company_name":"Summit Midstream Corp","ticker":"SMC","form_type":"8-K","filed_at":"2024-12-03T23:59:59+00:00","items":["1.01","2.01","3.02","5.02","5.03","7.01","9.01"],"status":"ready","headline":"Summit Midstream closes $155M cash + equity acquisition of Tall Oak Midstream III","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Total consideration: $155M cash, 7.5M Partnership units + Class B shares, up to $25M contingent; pro forma leverage ~3.8x.","Special meeting: ~76.7% shares voted, 99.8% in favor of equity issuance.","Board expanded from 7 to 11; four Tailwater-affiliated directors appointed: Downie, Herring, Lipscomb, Winston.","Tall Oak (Tailwater) owns 36% voting equity; lock-up: 1 year for Tall Oak, 6 months for TOMI.","ABL credit facility amended to confirm no change of control from transaction."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":586976402.330648,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198388,"accession_number":"0002024218-24-000040","cik":2024218,"company_name":"Summit Midstream Corp","ticker":"SMC","form_type":"8-K","filed_at":"2024-12-02T23:59:59+00:00","items":["5.07","9.01"],"status":"ready","headline":"Stockholders approve issuance of up to 7.47M Class B shares to Tall Oak Midstream","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Over 8.15M shares voted FOR the Issuance Proposal; 5,209 against, 12,457 abstain.","Authorized up to 7,471,008 shares of Class B common stock and equal number of common units.","Proposal supports the Business Contribution Agreement with Tall Oak Midstream Holdings, LLC.","Special meeting quorum of 76.7% with 8,172,057 shares represented.","Adjournment Proposal also approved with ~8.02M votes FOR."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.15,"market_cap_usd":586976402.330648,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198387,"accession_number":"0002024218-24-000032","cik":2024218,"company_name":"Summit Midstream Corp","ticker":"SMC","form_type":"8-K","filed_at":"2024-11-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Summit Midstream Corporation Reports Q3 2024 Net Loss of $197.5M and Adjusted EBITDA of $45.2M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 2024 net loss of $197.5 million, including $142.6M non-cash income tax expense from C-Corp conversion","Generated adjusted EBITDA of $45.2M, DCF of $22.1M, and FCF of $9.9M","Connected 38 wells, with six active rigs and over 100 DUCs behind systems","Closed C-Corp conversion, refinanced balance sheet, and announced acquisition of Tall Oak Midstream III in Arkoma Basin","Expect Q4 2024 adjusted EBITDA of approximately $45M to $50M"],"consensus_eps_estimate":null,"consensus_eps_actual":-10.39,"consensus_revenue_estimate":null,"consensus_revenue_actual":322601000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":586976402.330648,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198386,"accession_number":"0002024218-24-000031","cik":2024218,"company_name":"Summit Midstream Corp","ticker":"SMC","form_type":"8-K","filed_at":"2024-10-08T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Summit Midstream holds investor call on Tall Oak acquisition; no new financial details in transcript excerpt","summary_kind":"llm","event_type":"m_and_a","confidence":"low","bullets":["Company hosted conference call on Oct 2, 2024 regarding previously announced Tall Oak Midstream acquisition.","Transaction involves Tall Oak Parent contributing its equity in Tall Oak Midstream Operating LLC for cash and equity consideration.","Transcript attached as Exhibit 99.1 but provided excerpt lacks specific deal terms or financial projections.","Call replay available on company website under Investors section."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":586976402.330648,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198385,"accession_number":"0002024218-24-000028","cik":2024218,"company_name":"Summit Midstream Corp","ticker":"SMC","form_type":"8-K","filed_at":"2024-10-02T23:59:59+00:00","items":["1.01","3.02","7.01","9.01"],"status":"ready","headline":"Summit Midstream to acquire Tall Oak Midstream III for $425M in cash and equity","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Total consideration of $425M: $155M cash plus 7.47M Class B shares and 7.47M partnership units; earnout up to $25M.","Adds 440 MMcf/d processing capacity, >400 miles pipelines, and >300,000 dedicated acres in the Arkoma Basin.","Pro forma leverage improved to 3.8x from 4.4x; acquisition multiple ~5.6x 2025E asset-level Adj. EBITDA.","Closing expected Q4 2024 subject to stockholder approval, HSR clearance, and other customary conditions.","Management expects financial flexibility to consider resuming dividends or share buybacks in 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":586976402.330648,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":214496,"accession_number":"0002024218-24-000023","cik":2024218,"company_name":"Summit Midstream Corp","ticker":"SMC","form_type":"8-K","filed_at":"2024-08-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Summit Midstream Q2 net loss $23.8M, adj EBITDA $43.1M; reaffirms 2024 guidance $170-200M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss $23.8M; adj EBITDA $43.1M; DCF $11.7M; FCF $2.7M.","Connected 34 wells; 3 rigs active, >100 DUCs behind systems.","Closed refinancing: $500M ABL & $575M 8.625% notes due 2029; net leverage ~4.4x.","MLP-to-C-corp reorganization completed Aug 1; reaffirms 2024 pro forma adj EBITDA guidance $170-200M.","Segment adj EBITDA: Rockies $22.9M, Piceance $12.8M, Barnett $5.4M, Permian $7.7M."],"consensus_eps_estimate":null,"consensus_eps_actual":8.57,"consensus_revenue_estimate":null,"consensus_revenue_actual":220186000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":586976402.330648,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":214495,"accession_number":"0001013762-24-003515","cik":2024218,"company_name":"Summit Midstream Corp","ticker":"SMC","form_type":"8-K12B","filed_at":"2024-08-01T23:59:59+00:00","items":["1.01","2.01","2.03","5.01","5.02","5.03","5.05","9.01"],"status":"ready","headline":"Summit Midstream completes corporate reorganization; begins trading as SMC on NYSE","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Summit Midstream Partners LP merged into wholly-owned subsidiary; Summit Midstream Corp becomes successor issuer.","Common stock begins trading NYSE under SMC; prior SMLP units delisted; each unit exchanged for one share.","$575M 8.625% senior secured second lien notes 2029 guaranteed by parent; ABL and intercreditor joinder executed.","Board of directors appointed: 7 directors including J. Heath Deneke (Chairman/CEO); executive officers unchanged.","Series A Preferred Stock issued with $1,000 liquidation preference; certificate of incorporation and bylaws amended."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":586976402.330648,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}