secwatch.observer — SEC 8-K summary
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Issuer:     Summit Midstream Corp (SMC)
CIK:        0002024218
Form:       8-K
Filed at:   2026-05-11T20:23:40+00:00
Accession:  0002024218-26-000070
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2024218/000202421826000070/0002024218-26-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2024218/000202421826000070/smc-20260511.htm
  HTML page:      https://secwatch.observer/filing/0002024218-26-000070

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