{"schema_version":"secwatch.filing_event.v1","accession":"0002024218-26-000070","form_type":"8-K","ticker":"SMC","cik":"0002024218","company_name":"Summit Midstream Corp","filed_at":"2026-05-11T20:23:40+00:00","discovered_at":"2026-05-11T20:25:00.317807+00:00","generated_at":"2026-05-11T20:30:25.883560+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Summit Midstream Q1 net loss $3.2M; Adj. EBITDA $54.2M; reiterates FY guidance $225-265M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0002024218-26-000070","json":"https://secwatch.observer/filing/0002024218-26-000070.json","markdown":"https://secwatch.observer/filing/0002024218-26-000070.md","text":"https://secwatch.observer/filing/0002024218-26-000070.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2024218/000202421826000070/0002024218-26-000070-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2024218/000202421826000070/smc-20260511.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-11T20:30:25.883560+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":"2c2f0f444a070bb1ed08f4967de39bf6c7ad47a2","claim":"Summit Midstream Corp updated its the three months ended March 31, 2026 guidance (reaffirmed).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2024218/000202421826000070/0002024218-26-000070-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2026"},{"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"}