secwatch.observer — SEC 8-K summary
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Issuer:     Summit Midstream Corp (SMC)
CIK:        0002024218
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0002024218-25-000046
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Summit Midstream Q1 2025 net income $4.6M, adjusted EBITDA $57.5M; reiterates FY guidance
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- Q1 net income $4.6M, adjusted EBITDA $57.5M, DCF $33.5M; results in line with management expectations.
- Raised $250M of 8.625% Senior Secured Second Lien Notes due 2029 at issue price 103.375%.
- Acquired Moonrise Midstream in DJ Basin on March 10, 2025; connected 41 wells during quarter.
- Reiterated FY2025 adjusted EBITDA guidance $245-280M and capex $65-75M.
- Reinstated cash dividend on Series A Preferred Stock; common dividend remains suspended.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2024218/000202421825000046/0002024218-25-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2024218/000202421825000046/smc-20250507.htm
  HTML page:      https://secwatch.observer/filing/0002024218-25-000046

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