{"schema_version":"secwatch.filing_event.v1","accession":"0002024218-25-000019","form_type":"8-K","ticker":"SMC","cik":"0002024218","company_name":"Summit Midstream Corp","filed_at":"2025-03-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.815733+00:00","generated_at":"2026-05-25T02:16:28.211416+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Summit Midstream Q4 net loss $24.8M, adj EBITDA $46.2M, guides FY2025 $245-280M, closes Moonrise acquisition","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."],"urls":{"canonical":"https://secwatch.observer/filing/0002024218-25-000019","json":"https://secwatch.observer/filing/0002024218-25-000019.json","markdown":"https://secwatch.observer/filing/0002024218-25-000019.md","text":"https://secwatch.observer/filing/0002024218-25-000019.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2024218/000202421825000019/0002024218-25-000019-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2024218/000202421825000019/smc-20250310.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-25T02:16:28.211416+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}