secwatch.observer — SEC 8-K summary
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Issuer:     Summit Midstream Corp (SMC)
CIK:        0002024218
Form:       8-K
Filed at:   2025-03-24T23:59:59+00:00
Accession:  0002024218-25-000040
Event type: other_material
Sentiment:  negative
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Summit Midstream files pro forma showing 2024 net loss of $192.5M after Tall Oak acquisition adjustments
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- Pro forma net loss attributable to Summit Midstream: -$192.5M vs historical -$122.2M.
- Pro forma diluted EPS of ($19.42) vs historical ($12.78) per share.
- Tall Oak Acquisition closed Dec 2, 2024 for total consideration of $425M (cash, earn-out, stock).
- Pro forma revenues of $500.4M; Tall Oak contributed $89.6M in pre-acquisition period revenues.
- Adjustments reflect divestitures (Utica Sale $625M, Mountaineer $70M) and refinancing transactions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2024218/000202421825000040/0002024218-25-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2024218/000202421825000040/smc-20250324.htm
  HTML page:      https://secwatch.observer/filing/0002024218-25-000040

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