Summit Midstream Corporation announces inaugural $35 million stock repurchase program

Summit Midstream Corp

Board authorized repurchase of up to $35 million of common stock (NYSE: SMC).
Repurchases may be made in open market, private transactions, or via Rule 10b5-1 plan.
Program has no fixed expiration and may be suspended or discontinued at any time.
CEO cites improved balance sheet, free cash flow, and confidence in stock's value as rationale.
This is the Company's first common stock buyback program.

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