{"schema_version":"secwatch.filing_event.v1","accession":"0002024218-26-000016","form_type":"8-K","ticker":"SMC","cik":"0002024218","company_name":"Summit Midstream Corp","filed_at":"2026-03-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.020385+00:00","generated_at":"2026-05-15T11:59:28.718838+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Summit Midstream reports Q4 Adj. EBITDA $58.5M; signs new Double E contracts, refinances, provides 2026 guidance","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0002024218-26-000016","json":"https://secwatch.observer/filing/0002024218-26-000016.json","markdown":"https://secwatch.observer/filing/0002024218-26-000016.md","text":"https://secwatch.observer/filing/0002024218-26-000016.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2024218/000202421826000016/0002024218-26-000016-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2024218/000202421826000016/smc-20260316.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T11:59:28.718838+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0d4a70aab895cec9f7c7c81978cc62d889ae86ce","claim":"Summit Midstream Corp reported fourth quarter and full-year 2025 results: net income Fourth quarter net loss of $7.3 million. Guidance reaffirmed.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2024218/000202421826000016/0002024218-26-000016-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and full-year 2025"},{"label":"Net income","value":"Fourth quarter net loss of $7.3 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}