---
schema_version: "secwatch.filing_event.v1"
accession: "0002024218-24-000028"
form_type: "8-K"
ticker: "SMC"
cik: "0002024218"
company_name: "Summit Midstream Corp"
filed_at: "2024-10-02T23:59:59+00:00"
generated_at: "2026-05-30T22:50:28.749215+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Summit Midstream to acquire Tall Oak Midstream III for $425M in cash and equity

## Summary
- 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.

## SEC filing metadata
- accession: 0002024218-24-000028
- form_type: 8-K
- ticker: SMC
- cik: 0002024218
- company_name: Summit Midstream Corp
- filed_at: 2024-10-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2024218/000202421824000028/0002024218-24-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2024218/000202421824000028/smc-20241001.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002024218-24-000028
- JSON: https://secwatch.observer/filing/0002024218-24-000028.json
- Plain text: https://secwatch.observer/filing/0002024218-24-000028.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.