Summit Midstream Q1 net loss $3.2M; Adj. EBITDA $54.2M; reiterates FY guidance $225-265M

Summit Midstream Corp

• Net loss of $3.2M; Adjusted EBITDA $54.2M; DCF $26.9M; FCF $11.4M for Q1 2026.
• Connected 37 wells; new 100 MMcf/d precedent agreement on Double E Pipeline (Q1 2027 in-service, 10-year term).
• Repaid $46.3M all accrued Series A Preferred dividends; completed $42M common stock placement to Tailwater Capital.
• Double E contracted volume reaches 1.755 Bcf/d; full-year 2026 Adj. EBITDA guidance reaffirmed at $225-$265M.
• ABL revolver drawn $116M of $500M; total leverage 4.2x; Summit Permian Transmission entered $440M term facility.

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