secwatch.observer — SEC 8-K summary
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Issuer:     Summit Midstream Corp (SMC)
CIK:        0002024218
Form:       8-K
Filed at:   2024-08-09T23:59:59+00:00
Accession:  0002024218-24-000023
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Summit Midstream Q2 net loss $23.8M, adj EBITDA $43.1M; reaffirms 2024 guidance $170-200M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2024218/000202421824000023/0002024218-24-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2024218/000202421824000023/smc-20240808.htm
  HTML page:      https://secwatch.observer/filing/0002024218-24-000023

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