---
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"
generated_at: "2026-05-25T02:16:28.211416+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Summit Midstream Q4 net loss $24.8M, adj EBITDA $46.2M, guides FY2025 $245-280M, closes Moonrise acquisition

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002024218-25-000019
- JSON: https://secwatch.observer/filing/0002024218-25-000019.json
- Plain text: https://secwatch.observer/filing/0002024218-25-000019.txt

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