---
schema_version: "secwatch.filing_event.v1"
accession: "0002024218-25-000068"
form_type: "8-K"
ticker: "SMC"
cik: "0002024218"
company_name: "Summit Midstream Corp"
filed_at: "2025-11-10T23:59:59+00:00"
generated_at: "2026-05-16T22:42:21.403811+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SMC Q3 adj. EBITDA $65.5M (+7.2% QoQ); FY2025 guidance near low end of $245M-$280M

## Summary
- Net income $5.0M; DCF $36.7M; FCF $16.7M for Q3 2025.
- Adj. EBITDA up 7.2% from Q2; natgas throughput 925 MMcf/d (+1.4% QoQ).
- FY2025 adj. EBITDA expected near low end of $245M-$280M guidance due to customer timing.
- 109 wells connected YTD, ~50 expected in Q4; over 120 new well connects expected H1 2026.
- ABL revolver $150M drawn, $349M available; interest coverage 2.7x, leverage in compliance.

## SEC filing metadata
- accession: 0002024218-25-000068
- form_type: 8-K
- ticker: SMC
- cik: 0002024218
- company_name: Summit Midstream Corp
- filed_at: 2025-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2024218/000202421825000068/0002024218-25-000068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2024218/000202421825000068/smc-20251110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002024218-25-000068
- JSON: https://secwatch.observer/filing/0002024218-25-000068.json
- Plain text: https://secwatch.observer/filing/0002024218-25-000068.txt

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