Summit Midstream reports Q4 Adj. EBITDA $58.5M; signs new Double E contracts, refinances, provides 2026 guidance

Summit Midstream Corp

Q4 2025 net loss $7.3M; Adj. EBITDA $58.5M; DCF $33.7M; FCF $17.0M.
Signed multiple 10+ year firm contracts on Double E; expects Permian segment EBITDA from $34M (2025) to ~$60M (2029).
Refinanced Double E with $440M term loan; $85M distribution to Summit for $45M preferred arrears and $40M ABL paydown.
Executed 10-year crude gathering agreement covering 200,000+ acres in Williston (Rockies).
2026 guidance: Adj. EBITDA $225M-$265M; total capex $85M-$105M incl. $35M for Double E.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Summit Midstream Corp reported fourth quarter and full-year 2025 results: net income Fourth quarter net loss of $7.3 million. Guidance reaffirmed.

Period: fourth quarter and full-year 2025
Net income: Fourth quarter net loss of $7.3 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Summit Midstream Corporation Reports Fourth Quarter and Full-Year 2025 Financial and Operating Results, Permian and Rockies Segment Growth Update and Provides Full-Year 2026 Guidance

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Source: SEC EDGAR

accession 0002024218-26-000016

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