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

Summit Midstream Corp

2026-Q1 EPS reported -$0.43 vs consensus -$0.49 ▲ beat (+13.1%)

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.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Summit Midstream Corp updated its the three months ended March 31, 2026 guidance (reaffirmed).

Period: the three months ended March 31, 2026
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On May 11, 2026 , Summit Midstream Corporation (NYSE: SMC), a Delaware corporation issued a press release announcing its results of operations for the three months ended March 31, 2026.

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Source: SEC EDGAR

accession 0002024218-26-000070

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