secwatch.observer — SEC 8-K summary
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Issuer:     Summit Midstream Corp (SMC)
CIK:        0002024218
Form:       8-K
Filed at:   2026-03-16T23:59:59+00:00
Accession:  0002024218-26-000016
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2024218/000202421826000016/0002024218-26-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2024218/000202421826000016/smc-20260316.htm
  HTML page:      https://secwatch.observer/filing/0002024218-26-000016

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