secwatch.observer — SEC 8-K summary
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Issuer:     Summit Midstream Corp (SMC)
CIK:        0002024218
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0002024218-24-000032
Event type: earnings
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Summit Midstream Corporation Reports Q3 2024 Net Loss of $197.5M and Adjusted EBITDA of $45.2M
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- 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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2024218/000202421824000032/0002024218-24-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2024218/000202421824000032/smc-20241112.htm
  HTML page:      https://secwatch.observer/filing/0002024218-24-000032

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