secwatch.observer — SEC 8-K summary
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Issuer:     Summit Midstream Corp (SMC)
CIK:        0002024218
Form:       8-K
Filed at:   2025-03-10T23:59:59+00:00
Accession:  0002024218-25-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2024218/000202421825000019/0002024218-25-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2024218/000202421825000019/smc-20250310.htm
  HTML page:      https://secwatch.observer/filing/0002024218-25-000019

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