Overview
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- TickerSMC on NYSE2
- IndustryNatural Gas Transmission2
- HeadquartersDover, United States2
- Incorporated inDE4
- Business address910 Louisiana Street, Suite 4200, Houston, Tx 770024
- Filer categoryAccelerated filer4
- Legal formCorporation2
- LEI529900DFYEMSMUJH0M682
- StatusActive2
- LEI statusIssued and current2
- Registered addressc/o CAPITOL SERVICES, INC., 108 LAKELAND AVE., 19901 Dover, United States2
- Registered withDivision of Corporations, Department of State, 36763252
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Summit Midstream Corporation, a Delaware corporation (including its subsidiaries, collectively, “we”, “our”, “us”, “SMC”, or “the Company”), is a value-driven company focused on developing, owning and operating midstream energy infrastructure assets that are strategically located in the core producing areas of unconventional resource basins, primarily shale formations, in the continental United States. The Company’s business activities are primarily conducted through various operating subsidiaries, each of which is owned or controlled by its subsidiary holding company, Summit Holdings.6 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-1.1%Net margin3
30.8%Revenue growth, 20253
-1.1%Return on equity3
1.88×Debt to equity3
$44.6MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Natural Gas NGL And Condensate Sales brought in 24% of the revenue Summit Midstream Corp broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Natural Gas NGL And Condensate Sales | $179.3M | $195.0M | $265.1M |
| Oil and Condensate | $179.3M | $195.0M | $265.1M |
| Gathering Servicesand Related Fees | $248.2M | $200.8M | $255.7M |
| Natural Gas, Gathering, Transportation, Marketing and Processing | $248.2M | $200.8M | $255.7M |
| Other Products And Services | $31.5M | $33.0M | $41.4M |
| Product and Service, Other | $31.4M | $33.7M | $41.4M |
Business segments
Rockies brought in 59% of the revenue Summit Midstream Corp broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Rockies | $255.0M | $268.5M | $329.4M |
| Mid-Con Barnett Shale | $45.1M | $56.9M | $159.2M |
| Piceance Basin | $91.4M | $81.0M | $69.9M |
| Permian Basin | $3.6M | $3.6M | $3.6M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue27¢$149.1M
- Other costs57¢$317.7M
- Interest17¢$94.7M
- Income tax0¢$501.0K
Out of $562.1M in revenue.3 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending67¢$89.0M
- Kept or used elsewhere33¢$44.6M
Out of $133.6M of cash from operations.3
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total revenues | $562.1M | $429.6M | $458.9M |
| Cost of natural gas and NGLs | $149.1M | $115.0M | $112.5M |
| Operation and maintenance | $149.1M | $101.0M | $100.7M |
| General and administrative | $61.0M | $55.6M | $42.1M |
| Depreciation and amortization | $114.2M | $100.6M | $122.8M |
| Transaction costs | $4.9M | $31.0M | $1.3M |
| Acquisition integration costs | $8.1M | $165.0K | $2.7M |
| (Gain) loss on asset sales, net | $486.0K | $1.0K | -$260.0K |
| Long-lived asset impairment | $2.7M | $68.3M | $540.0K |
| Total costs and expenses | $489.7M | $471.6M | $382.3M |
| Other income, net | $783.0K | $4.2M | $865.0K |
| Gain (loss) on interest rate swaps | -$1.0M | $4.1M | $1.8M |
| Gain (loss) on sale of business | -$582.0K | $82.2M | -$47.0K |
| Gain on sale of equity method investment | $0 | $126.3M | $0 |
| Interest expense | -$94.7M | -$115.4M | -$140.8M |
| Loss on early extinguishment of debt | $0 | -$50.1M | -$10.9M |
| Income from equity method investees | $20.8M | $24.2M | $33.8M |
| Income (loss) before income taxes | -$2.4M | $33.5M | -$38.6M |
| Income tax benefit (expense) | $501.0K | -$146.7M | -$322.0K |
| Net loss | -$1.9M | -$113.2M | -$38.9M |
| Less: Net income attributable to Subsidiary Series A Preferred Units | -$14.9M | -$14.8M | -$12.6M |
| Less: Net income attributable to Series A Preferred Stock | -$13.6M | -$13.3M | -$11.6M |
| Add: Net loss attributable to noncontrolling interest | $10.8M | $5.8M | $0 |
| Net loss attributable to Summit Midstream Corporation | -$19.6M | -$135.5M | -$63.1M |
| Common stock - basic (in dollars per share) | -$1.61 | -$12.78 | -$6.11 |
| Common stock - diluted (in dollars per share) | -$1.61 | -$12.78 | -$6.11 |
| Common stock - basic (in shares) | 12.1M shares | 10.6M shares | 10.3M shares |
| Common stock - diluted (shares) | 12.1M shares | 10.6M shares | 10.3M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 2 fiscal years (annual) or 2 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cash and cash equivalents | $9.3M | $22.8M |
| Restricted cash | $10.4M | $2.4M |
| Accounts receivable | $69.8M | $77.1M |
| Other current assets | $7.5M | $16.0M |
| Total current assets | $96.9M | $118.3M |
| Property, plant and equipment, net | $1.8B | $1.8B |
| Intangible assets, net | $153.6M | $154.3M |
| Investment in equity method investees | $265.6M | $269.6M |
| Other noncurrent assets | $27.4M | $32.3M |
| Total assets | $2.4B | $2.4B |
| Trade accounts payable | $31.7M | $25.2M |
| Accrued expenses | $24.3M | $38.2M |
| Deferred revenue | $10.1M | $9.6M |
| Ad valorem taxes payable | $10.2M | $9.5M |
| Accrued compensation and employee benefits | $12.1M | $11.2M |
| Accrued interest | $30.0M | $21.7M |
| Accrued environmental remediation | $1.7M | $1.4M |
| Accrued settlement payable | $8.3M | $6.7M |
| Current portion of long-term debt | $21.2M | $16.6M |
| Other current liabilities | $27.2M | $34.7M |
| Total current liabilities | $176.8M | $174.8M |
| Deferred tax liabilities, net | $73.6M | $63.3M |
| Long-term debt, net | $1.0B | $977.0M |
| Noncurrent deferred revenue | $18.4M | $25.4M |
| Noncurrent accrued environmental remediation | $52.0K | $768.0K |
| Other noncurrent liabilities | $6.5M | $20.1M |
| Total liabilities | $1.3B | $1.3B |
| Subsidiary Series A Preferred Units (93,039 issued and outstanding as of December 31, 2025 and December 31, 2024) | $141.3M | $132.9M |
| Additional paid-in capital | $638.4M | $540.7M |
| Accumulated deficit | -$202.9M | -$183.3M |
| Total Company stockholders equity | $546.2M | $467.8M |
| Noncontrolling interest | $400.4M | $497.3M |
| Total equity | $946.6M | $965.1M |
| TOTAL LIABILITIES AND EQUITY | $2.4B | $2.4B |
| Preferred shares issued (in shares) | 65.5K shares | 65.5K shares |
| Preferred stock, shares outstanding (in shares) | 65.5K shares | 65.5K shares |
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cash and cash equivalents | $9.3M | $22.8M |
| Restricted cash | $10.4M | $2.4M |
| Accounts receivable | $69.8M | $77.1M |
| Other current assets | $7.5M | $16.0M |
| Total current assets | $96.9M | $118.3M |
| Property, plant and equipment, net | $1.8B | $1.8B |
| Intangible assets, net | $153.6M | $154.3M |
| Investment in equity method investees | $265.6M | $269.6M |
| Other noncurrent assets | $27.4M | $32.3M |
| Total assets | $2.4B | $2.4B |
| Trade accounts payable | $31.7M | $25.2M |
| Accrued expenses | $24.3M | $38.2M |
| Deferred revenue | $10.1M | $9.6M |
| Ad valorem taxes payable | $10.2M | $9.5M |
| Accrued compensation and employee benefits | $12.1M | $11.2M |
| Accrued interest | $30.0M | $21.7M |
| Accrued environmental remediation | $1.7M | $1.4M |
| Accrued settlement payable | $8.3M | $6.7M |
| Current portion of long-term debt | $21.2M | $16.6M |
| Other current liabilities | $27.2M | $34.7M |
| Total current liabilities | $176.8M | $174.8M |
| Deferred tax liabilities, net | $73.6M | $63.3M |
| Long-term debt, net | $1.0B | $977.0M |
| Noncurrent deferred revenue | $18.4M | $25.4M |
| Noncurrent accrued environmental remediation | $52.0K | $768.0K |
| Other noncurrent liabilities | $6.5M | $20.1M |
| Total liabilities | $1.3B | $1.3B |
| Subsidiary Series A Preferred Units (93,039 issued and outstanding as of December 31, 2025 and December 31, 2024) | $141.3M | $132.9M |
| Additional paid-in capital | $638.4M | $540.7M |
| Accumulated deficit | -$202.9M | -$183.3M |
| Total Company stockholders equity | $546.2M | $467.8M |
| Noncontrolling interest | $400.4M | $497.3M |
| Total equity | $946.6M | $965.1M |
| TOTAL LIABILITIES AND EQUITY | $2.4B | $2.4B |
| Preferred shares issued (in shares) | 65.5K shares | 65.5K shares |
| Preferred stock, shares outstanding (in shares) | 65.5K shares | 65.5K shares |
Every line of the cash flow as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$1.9M | -$113.2M | -$38.9M |
| Deferred income taxes | -$699.0K | $146.8M | $0 |
| Depreciation and amortization | $115.1M | $101.6M | $123.7M |
| Noncash lease expense | $5.8M | $1.7M | $3.8M |
| Amortization of debt issuance costs | $4.0M | $11.4M | $12.7M |
| Equity compensation | $7.8M | $8.6M | $6.6M |
| Income from equity method investees | -$20.8M | -$24.2M | -$33.8M |
| Distributions from equity method investees | $28.6M | $36.2M | $57.6M |
| (Gain) loss on asset sales, net | $486.0K | $1.0K | -$260.0K |
| Foreign currency (gain) loss | $0 | $42.0K | -$102.0K |
| (Gain) loss on earn-out remeasurement | $192.0K | -$6.0K | $599.0K |
| Loss on early extinguishment of debt | $0 | $50.1M | $10.9M |
| (Gain) loss on sale of business | $582.0K | -$82.2M | $47.0K |
| Gain on sale of equity method investment | $0 | -$126.3M | $0 |
| Unrealized loss on interest rate swaps | $4.4M | $914.0K | $3.3M |
| Long-lived asset impairment | $2.7M | $68.3M | $540.0K |
| Accounts receivable | $9.9M | $3.0M | -$3.4M |
| Trade accounts payable | $5.5M | $1.1M | $4.5M |
| Accrued expenses | -$15.1M | -$625.0K | $5.6M |
| Deferred revenue | -$6.4M | -$5.1M | -$6.5M |
| Ad valorem taxes payable | $646.0K | $1.0M | -$1.7M |
| Accrued interest | $8.3M | $2.4M | $1.9M |
| Accrued environmental remediation, net | -$435.0K | -$739.0K | -$768.0K |
| Other, net | -$15.2M | -$19.1M | -$19.4M |
| Net cash provided by operating activities | $133.6M | $61.8M | $126.9M |
| Capital expenditures | -$89.0M | -$53.6M | -$68.9M |
| Investment in Double E equity method investee | -$3.8M | -$3.9M | -$3.5M |
| Proceeds from Utica Sale (excluding Ohio Gathering) | $0 | $292.3M | $0 |
| Proceeds from sale of Ohio Gathering | $0 | $332.7M | $0 |
| Proceeds from Mountaineer Transaction | $0 | $69.3M | $0 |
| Proceeds from asset sale | $0 | $4.4M | $260.0K |
| Other, net | -$295.0K | $0 | -$2.6M |
| Net cash provided by (used in) investing activities | -$163.2M | $487.1M | -$74.8M |
| Borrowings on Amended and Restated ABL Facility | $133.0M | $305.0M | $70.0M |
| Debt repayments - Amended and Restated ABL Facility | -$325.0M | -$313.0M | -$87.0M |
| Distribution on Series A Preferred Shares | -$13.4M | $0 | $0 |
| Distributions on Subsidiary Series A Preferred Units | -$6.5M | -$6.5M | -$6.5M |
| Debt repayments - Redemption of 2026 Unsecured Notes | $0 | -$209.5M | $0 |
| Issuance of 2026 Unsecured Notes | $0 | $0 | $29.5M |
| Debt extinguishment costs | $0 | -$23.8M | -$10.3M |
| Debt issuance costs | -$4.9M | -$4.7M | -$3.0M |
| Other, net | -$5.3M | -$3.3M | -$1.6M |
| Net cash provided by (used in) financing activities | $24.0M | -$540.3M | -$49.0M |
| Net change in cash, cash equivalents, and restricted cash | -$5.5M | $8.6M | $3.1M |
No quarter-by-quarter statement was filed.
Corporate structure
Summit Midstream Corp sits at the top of its group. 42 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Summit Midstream Corp
- BlackRock Filed SCHEDULE 13G/A on Summit Midstream Corp, latest Apr 27, 2026 (2 filings since Jul 17, 2025)
- Connect Midstream, LLC Filed SCHEDULE 13D/A on Summit Midstream Corp, latest Apr 9, 2026 (4 filings since Dec 3, 2024)
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Summit Midstream Corp, latest Mar 27, 2026 (2 filings since Apr 30, 2025)
- Zhengxu He Filed SCHEDULE 13G/A on Summit Midstream Corp, latest Jan 6, 2026 (2 filings since Feb 19, 2025)
- Tall Oak Midstream Investments, LLC Filed SCHEDULE 13G/A on Summit Midstream Corp, latest Jun 16, 2025 (2 filings since Dec 3, 2024)
- Invesco Filed SCHEDULE 13G/A on Summit Midstream Corp, latest May 9, 2025 (3 filings since Nov 6, 2024)
- Summit Midstream Corp Dover, Delaware, United States
- BCZ Land Holdings, LLC Subsidiary · Delaware, United States
- Centennial Water Pipelines, LLC Subsidiary · Delaware, United States
- DFW Midstream Services, LLC Subsidiary · Delaware, United States
- Double E Pipelines, LLC Subsidiary · Delaware, United States
- Epping Transmission Company, LLC Subsidiary · Delaware, United States
- Grand River Gathering, LLC Subsidiary · Delaware, United States
- Grasslands Energy Marketing, LLC Subsidiary · Delaware, United States
- Meadowlark Midstream Company, LLC Subsidiary · Delaware, United States
- Moonrise Midstream, LLC Subsidiary · Delaware, United States
- Mountaineer Midstream Company, LLC Subsidiary · Delaware, United States
- Polar Midstream, LLC Subsidiary · Delaware, United States
- Red Rock Gathering Company, LLC Subsidiary · Delaware, United States
- SMC Bakken, LLC Subsidiary · Delaware, United States
- SMC Clariter, LLC Subsidiary · Delaware, United States
- Summit Bakken Holdings, LLC Subsidiary · Delaware, United States
- Summit Bakken Member, LLC Subsidiary · Delaware, United States
- Summit Bakken OpCo, LLC Subsidiary · Delaware, United States
- Summit Climate Holdings, LLC Subsidiary · Delaware, United States
- Summit Climate Member, LLC Subsidiary · Delaware, United States
- Summit Climate OpCo, LLC Subsidiary · Delaware, United States
- Summit Climate Solutions, LLC Subsidiary · Delaware, United States
- Summit Contribution Holdings, LLC Subsidiary · Delaware, United States
- Summit DJ-O Operating, LLC Subsidiary · Delaware, United States
- Summit DJ-O, LLC Subsidiary · Delaware, United States
- Summit DJ-S, LLC Subsidiary · Delaware, United States
- and 16 more
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Summit Midstream Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $2.6B3 Dec 31, 2025 | $2.5B3 Dec 31, 2024 | +3.3% |
| Accumulated depreciation | $749.1M3 Dec 31, 2025 | $724.6M3 Dec 31, 2024 | +3.4% |
| Property and equipment, net | $1.8B3 Dec 31, 2025 | $1.8B3 Dec 31, 2024 | +3.3% |
| Finance-lease assets | $3.5M3 Dec 31, 2025 | $3.9M3 Dec 31, 2024 | −9.0% |
| Operating-lease assets (leased space) | $5.1M3 Dec 31, 2025 | $8.5M3 Dec 31, 2024 | −40.5% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $9.3M3 Dec 31, 2025 | $22.8M3 Dec 31, 2024 | −59.4% |
| Stakes in other companies (equity method) | $265.6M3 Dec 31, 2025 | $269.6M3 Dec 31, 2024 | −1.5% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $153.6M3 Dec 31, 2025 | $154.3M3 Dec 31, 2024 | −0.5% |
| Indefinite-lived intangibles (excluding goodwill) | $8.4M3 Dec 31, 2025 | $8.4M3 Dec 31, 2024 | 0% |
| Accumulated amortization | $231.9M3 Dec 31, 2025 | $219.2M3 Dec 31, 2024 | +5.8% |
| Finite-lived intangibles, net | $145.8M10 Dec 31, 2024 |
Properties, in its own words
A description of our properties is included in Item 1. Business, and is incorporated herein by reference. For additional information on our midstream assets and their capacities, see Item 1. Business.
Our real property falls into two categories: (i) parcels that we own in fee and (ii) parcels in which our interest derives from leases, easements, rights-of-way, permits or licenses from landowners or governmental authorities, permitting the use of such land for our operations. Portions of the land on which our gathering systems and other major facilities are located are owned by us in fee title, and we believe that we have valid title to these lands. The remainder of the land on which our major facilities are located are held by us pursuant to long-term leases or easements between us and the underlying fee owner or permits with governmental authorities. We believe that we have valid leasehold estates or fee ownership in such lands or valid permits with governmental authorities. We have no knowledge of any material challenge to the underlying fee title of any material lease, easement, right-of-way, permit, or license held by us or to our title to any material lease, easement, right-of-way, permit, or license. We believe that we have satisfactory title to all of our material leases, easements, rights-of-way, permits, and licenses with the exception of certain ordinary course encumbrances and permits with governmental entities that have been applied for, but not yet issued.
The rest of Item 2
In addition, we lease various office spaces to support our operations.
Item 2 of the 10-K filed Mar 16, 2026.6
Leadership
Who has led Summit Midstream Corp, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
2025
- Chief executive officerJ. Heath Deneke Aug 2, 2024 to now13
- ChairJ. Heath Deneke Aug 2, 2024 to now13
- PresidentJ. Heath Deneke Aug 2, 2024 to now13
- Chief financial officerWilliam J. Mault Aug 2, 2024 to now14
Board members and other officers (10)
- Senior VP and CAOMatthew B. Sicinski Aug 2, 2024 to now15
- Board memberCarolyn J. Stone Mar 18, 2026 to now16
- Board memberJames J. Cleary Aug 2, 2024 to now17
- Board memberJames Lee Jacobe Aug 2, 2024 to now18
- Board memberJerry L. Peters Aug 2, 2024 to now19
- Board memberMarguerite Woung-Chapman Aug 2, 2024 to now20
- Board memberRobert Joseph McNally Aug 2, 2024 to now21
- Board memberRommel M. Oates Aug 2, 2024 to now22
- Board memberJason H. Downie Dec 3, 2024 to now23
- Board memberAndrew Arthur Winston Dec 12, 2024 to Dec 12, 202424
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- BCZ Land Holdings, LLC Delaware5
- Centennial Water Pipelines, LLC Delaware5
- DFW Midstream Services, LLC Delaware5
- Double E Pipelines, LLC Delaware5
- Epping Transmission Company, LLC Delaware5
- Grand River Gathering, LLC Delaware5
- Grasslands Energy Marketing, LLC Delaware5
- Meadowlark Midstream Company, LLC Delaware5
- Moonrise Midstream, LLC Delaware5
- Mountaineer Midstream Company, LLC Delaware5
- Polar Midstream, LLC Delaware5
- Red Rock Gathering Company, LLC Delaware5
- SMC Bakken, LLC Delaware5
- SMC Clariter, LLC Delaware5
- Summit Bakken Holdings, LLC Delaware5
- Summit Bakken Member, LLC Delaware5
- Summit Bakken OpCo, LLC Delaware5
- Summit Climate Holdings, LLC Delaware5
- Summit Climate Member, LLC Delaware5
- Summit Climate OpCo, LLC Delaware5
- Summit Climate Solutions, LLC Delaware5
- Summit Contribution Holdings, LLC Delaware5
- Summit DJ-O Operating, LLC Delaware5
- Summit DJ-O, LLC Delaware5
All 42 listed subsidiaries
- Summit DJ-S, LLC Delaware5
- Summit Management Holdings, LLC Delaware5
- Summit Midstream Finance Corp. Delaware5
- Summit Midstream GP, LLC Delaware5
- Summit Midstream Holdings, LLC Delaware5
- Summit Midstream Marketing, LLC Delaware5
- Summit Midstream Niobrara, LLC Delaware5
- Summit Midstream OpCo, LP Delaware5
- Summit Midstream Partners Holdings, LLC Delaware5
- Summit Midstream Partners, LLC Delaware5
- Summit Midstream Partners, LP Delaware5
- Summit Midstream Permian II, LLC Delaware5
- Summit Operating Services Company, LLC Delaware5
- Summit Permian Transmission Holdco, LLC Delaware5
- Summit Permian Transmission, LLC Delaware5
- Tall Oak Midstream Operating, LLC Delaware5
- Tall Oak Woodford, LLC Delaware5
- VM Arkoma Stack, LLC Delaware5
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Aug 10, 20268-K Results of operations25
- Jun 10, 20268-K Regulation FD disclosure26
- Jun 1, 20268-K Regulation FD disclosure27
- May 12, 20268-K Shareholder vote28
- May 11, 20268-K Results of operations29
- Apr 2, 20268-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure30
- Mar 16, 20268-K Results of operations31
- Dec 29, 20258-K Executive or director change32
- Nov 10, 20258-K Results of operations33
- Aug 12, 20258-K Results of operations34
- May 9, 20258-K Executive or director change; Shareholder vote35
- May 8, 20258-K Results of operations36
- Aug 2, 2024New chief executive J. Heath Deneke becomes CEO13
- May 14, 2024Founded Summit Midstream Corp is founded2
Calendar
Coming up
- Nov 9, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.13) a share, on Nov 10, 2025.37
When it reported results
- Aug 10, 2026Reported quarterly or annual results25
- May 11, 2026Reported quarterly or annual results29
- Mar 16, 2026Reported quarterly or annual results31
- Nov 10, 2025Reported quarterly or annual results33
- Aug 12, 2025Reported quarterly or annual results34
- May 8, 2025Reported quarterly or annual results36
- Mar 10, 2025Reported quarterly or annual results38
- Nov 12, 2024Reported quarterly or annual results39
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
165 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 27 major events, 85 insider forms, 15 large holders, 30 other. The latest 20:
- Oct 2, 20264 EDGAR
- Aug 10, 20268-K CURRENT REPORT EDGAR
- Aug 10, 202610-Q EDGAR
- Jul 6, 20264 EDGAR
- Jul 2, 2026144 EDGAR
- Jun 29, 2026S-8 REGISTRATION STATEMENT EDGAR
- Jun 10, 20268-K CURRENT REPORT EDGAR
- Jun 1, 20268-K CURRENT REPORT EDGAR
- May 21, 20264 EDGAR
- May 18, 2026144 EDGAR
- May 12, 20268-K CURRENT REPORT EDGAR
- May 11, 20268-K CURRENT REPORT EDGAR
- May 11, 202610-Q EDGAR
- Apr 27, 2026SCHEDULE 13G/A EDGAR
- Apr 21, 20264 EDGAR
- Apr 13, 20264 EDGAR
- Apr 10, 2026ARS EDGAR
- Apr 10, 2026DEF 14A PROXY STATEMENT EDGAR
- Apr 9, 2026SCHEDULE 13D/A EDGAR
- Apr 2, 20268-K CURRENT REPORT EDGAR
The 165 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
103 open-market trades by officers, directors and large owners since October 2021: 4 buys and 99 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 2, 2026 | Johnston James DavidExecutive VP, GC, CCO and Secy | Sale | 2,600 | $29.72 | $77.3K | Form 4 |
| May 19, 2026 | PETERS JERRY LDirector | Sale | 10,000 | $32.00 | $320.0K | Form 4 |
| Mar 31, 2026 | Herring EdwardDirector | Buy | 1,220,918 | $31.08 | $37.9M | Form 4 |
| Aug 28, 2025 | Tailwater Capital LLC10% owner | Buy | 26,319 | $20.89 | $549.8K | Form 4 |
| Aug 27, 2025 | Tailwater Capital LLC10% owner | Buy | 47,401 | $20.50 | $971.7K | Form 4 |
| Aug 26, 2025 | Tailwater Capital LLC10% owner | Buy | 72,759 | $20.46 | $1.5M | Form 4 |
| Mar 28, 2025 | Deneke J HeathChairman, President and CEO | Sale | 1,000 | $34.67 | $34.7K | Form 4 |
| Mar 27, 2025 | Deneke J HeathChairman, President and CEO | Sale | 1,000 | $35.33 | $35.3K | Form 4 |
| Mar 26, 2025 | Deneke J HeathChairman, President and CEO | Sale | 1,000 | $35.33 | $35.3K | Form 4 |
| Mar 25, 2025 | Deneke J HeathChairman, President and CEO | Sale | 1,000 | $35.74 | $35.7K | Form 4 |
| Mar 24, 2025 | Deneke J HeathChairman, President and CEO | Sale | 1,000 | $36.32 | $36.3K | Form 4 |
| Mar 21, 2025 | Deneke J HeathChairman, President and CEO | Sale | 1,000 | $36.30 | $36.3K | Form 4 |
| Mar 20, 2025 | Deneke J HeathChairman, President and CEO | Sale | 1,000 | $37.73 | $37.7K | Form 4 |
| Mar 19, 2025 | PETERS JERRY LDirector | Sale | 6,700 | $37.40 | $250.6K | Form 4 |
| Mar 19, 2025 | Deneke J HeathChairman, President and CEO | Sale | 1,000 | $37.68 | $37.7K | Form 4 |
| Mar 19, 2025 | PETERS JERRY LDirector | Sale | 6,700 | $37.40 | $250.6K | Form 4 |
| Mar 18, 2025 | PETERS JERRY LDirector | Sale | 52 | $38.00 | $2.0K | Form 4 |
| Mar 18, 2025 | PETERS JERRY LDirector | Sale | 52 | $38.00 | $2.0K | Form 4 |
| Mar 18, 2025 | Deneke J HeathChairman, President and CEO | Sale | 1,000 | $38.01 | $38.0K | Form 4 |
| Mar 17, 2025 | PETERS JERRY LDirector | Sale | 3,303 | $39.12 | $129.2K | Form 4 |
All 103 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- BlackRockSCHEDULE 13G/A, 2 filings Jul 17, 2025 to Apr 27, 202640
- Connect Midstream, LLCSCHEDULE 13D/A, 4 filings Dec 3, 2024 to Apr 9, 202641
- VANGUARD GROUP INCSCHEDULE 13G/A, 2 filings Apr 30, 2025 to Mar 27, 202642
- Zhengxu HeSCHEDULE 13G/A, 2 filings Feb 19, 2025 to Jan 6, 202643
- Tall Oak Midstream Investments, LLCSCHEDULE 13G/A, 2 filings Dec 3, 2024 to Jun 16, 202544
- InvescoSCHEDULE 13G/A, 3 filings Nov 6, 2024 to May 9, 202545
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | J. Heath DenekeChairman of the Board, President and Chief Executive Officer | 52 | $767.0K | $6.0M46 |
| 2025 | James D. JohnstonExecutive Vice President, General Counsel, Chief Compliance Officer and Secretary | 56 | $438.5K | $2.2M46 |
| 2025 | William J. MaultExecutive Vice President and Chief Financial Officer | 40 | $432.6K | $2.1M46 |
| 2024 | J. Heath DenekeChairman of the Board, President and Chief Executive Officer | 52 | $676.0K | $7.0M46 |
| 2024 | James D. JohnstonExecutive Vice President, General Counsel, Chief Compliance Officer and Secretary | 56 | $401.0K | $2.5M46 |
| 2024 | William J. MaultExecutive Vice President and Chief Financial Officer | 40 | $376.0K | $2.4M46 |
| 2023 | J. Heath DenekeChairman of the Board, President and Chief Executive Officer | 52 | $650.0K | $5.1M46 |
| 2023 | James D. JohnstonExecutive Vice President, General Counsel, Chief Compliance Officer and Secretary | 56 | $386.0K | $1.9M46 |
| 2023 | William J. MaultExecutive Vice President and Chief Financial Officer | 40 | $336.0K | $1.7M46 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 75. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Summit Midstream Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARSummit Midstream Corp1
- CIK0002024218
- Employer ID (EIN)99-30569906
- Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company6
- Incorporated inDelaware6
- Fiscal year endsDecember 311
- Industry code (SIC)4922 Natural Gas Transmission1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address910 Louisiana Street, Suite 4200, Houston, TX 770021
- Phone832-413-47701
- Shares outstanding12,440,219 Common Class A shares; 6,524,467 Common Class B shares as of Mar 15, 20266
- Public float$300.3M as of Jun 30, 20256
- AuditorDeloitte & Touche LLP, Houston, Texas PCAOB ID 34; it also attests to the company’s internal control over financial reporting6
- On EDGAR sinceJun 3, 20241
- Filings165 in all: 4 (77), 8-K (25), 144 (7), SCHEDULE 13G/A (7), 10-Q (6), 3 (6), DEFA14A (4), DEF 14A (3)1
All 27 form types
SCHEDULE 13D/A (3), 10-K (2), 4/A (2), ARS (2), CORRESP (2), EFFECT (2), S-8 (2), SC 13G (2), SCHEDULE 13G (2), UPLOAD (2), 424B3 (1), 8-K/A (1), 8-K12B (1), DEFM14A (1), PREM14A (1), S-3 (1), S-4 (1), S-4/A (1), SC 13D (1)
- Latest filingsAnnual report (10-K) Mar 16, 2026
Quarterly report (10-Q) Aug 10, 2026
Proxy statement (DEF 14A) Apr 10, 2026
Latest 8-K (8-K) Aug 10, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.01 per share | SMC | New York Stock Exchange |
From the cover page of the 10-K filed Mar 16, 2026 (Section 12(b) of the Exchange Act).6
Risk factors and legal proceedings
The risks Summit Midstream Corp names in Item 1A of its 10-K filed Mar 16, 2026: 48 risks under these headings, as written.6
- Risks Related to Our Operations
- We may not have sufficient cash from operations following the establishment of cash reserves and payment of fees and expenses to enable us to pay dividends to holders of our Series A Preferred Stock and common stock.
- We depend on a relatively small number of customers for a significant portion of our revenues. The loss of, or material nonpayment or nonperformance by, or the curtailment of production by, any one or more of our customers could materially adversely affect our revenues, cash flows, and results of operations.
- We are exposed to the creditworthiness and performance of our customers, suppliers and contract counterparties and any material nonpayment or nonperformance by one or more of these parties could materially adversely affect our financial and operating results.
- Significant prolonged weakness in natural gas, NGL and crude oil prices could reduce throughput on our systems and materially adversely affect our revenues and results of operations.
- Because of the natural decline in production from our customers’ existing wells, our success depends in part on our customers replacing declining production and also on our ability to maintain levels of throughput on our systems. Any decrease in the volumes that we gather and process could materially adversely affect our business and operating results.
- If our customers do not increase the volumes they provide to our gathering systems, our results of operations and financial condition may be materially adversely affected.
- Certain of our gathering and processing agreements contain provisions that can reduce the cash flow stability that the agreements were designed to achieve.
- We have not obtained independent evaluations of all of the reserves connected to our gathering systems; therefore, in the future, customer volumes on our systems could be less than we anticipate.
- Our industry is highly competitive, and increased competitive pressure could materially adversely affect our business and operating results.
- We may not be able to renew or replace expiring contracts at favorable rates or on a long-term basis.
- If third-party pipelines or other midstream facilities interconnected to our gathering systems become partially or fully unavailable, our revenues and cash flows could be materially adversely affected.
The other 37 risks
- Crude oil and natural gas production and gathering may be adversely affected by weather conditions and terrain, which in turn could negatively impact the operations of our gathering, treating, transportation, and processing facilities and our construction of additional facilities.
- Interruptions in operations at any of our facilities may adversely affect our operations and cash flows available for dividends.
- Our business involves many hazards and operational risks, some of which may not be fully covered by insurance. If a significant incident or event occurs for which we are not adequately insured or if we fail to recover all anticipated insurance proceeds for significant incidents or events for which we are insured, our operations and financial results could be materially adversely affected.
- We have had and continue to have discussions with unaffiliated third parties with respect to potential strategic transactions.
- Our construction of new assets may not result in revenue increases and will be subject to regulatory, environmental, political, legal, and economic risks, which could materially adversely affect our results of operations and financial condition.
- We do not own all of the land on which our pipelines and facilities are located, which could result in disruptions to our operations.
- Our ability to operate our business effectively could be impaired if we fail to attract and retain key personnel, and a shortage of skilled labor in the midstream energy industry could reduce employee productivity and increase costs, which could have a material adverse effect on our business and results of operations.
- A transition from hydrocarbon energy sources to alternative energy sources could lead to changes in demand, technology, and public sentiment, which could have material adverse effects on our business and results of operations.
- Tariffs and other trade measures could adversely affect our business, results of operations, financial position, and cash flows.
- Risks Related to Our Finances
- Limited access to and/or availability of the commercial bank market or debt and equity capital markets could impair our ability to grow or cause us to be unable to meet future capital requirements.
- We have a significant amount of indebtedness. Our leverage and debt service obligations may adversely affect our financial condition, results of operations and business prospects, and may limit our flexibility to obtain financing and to pursue other business opportunities.
- We may not be able to generate sufficient cash to service all of our indebtedness and may be forced to take other actions to satisfy our obligations under our indebtedness or to refinance, which may not be successful.
- Restrictions in the New Permian Transmission Credit Facility, the indenture governing the 2029 Secured Notes and the Amended and Restated ABL Facility could materially adversely affect our business, financial condition, results of operations and ability to make cash dividends.
- Inflation could have adverse effects on our results of operation.
- An increase in interest rates will cause our debt service obligations to increase.
- A downgrade of our credit rating could impact our liquidity, access to capital and our costs of doing business, and independent third parties determine our credit ratings outside of our control.
- We have in the past and may in the future incur losses due to an impairment in the carrying value of our long-lived assets or equity method investments.
- A portion of our revenues are directly exposed to changes in crude oil, natural gas and NGL prices, and our exposure may increase in the future.
- Regulatory and Environmental Policy Risks
- We settled a matter that was previously under investigation by federal and state regulatory agencies regarding a pipeline rupture and release of produced water by one of our subsidiaries. The resulting compliance requirements of the settlement may impact our results of operations or cash flows.
- We may, from time to time, be involved in litigation and claims arising out of our operations in the normal course of business. As a result, we may be required to expend significant funds for legal defense or to settle claims. Any such loss, if incurred, could be material.
- A change in laws and regulations applicable to our assets or services, or the interpretation or implementation of existing laws and regulations may cause our revenues to decline or our operation and maintenance expenses to increase.
- Increased regulation of hydraulic fracturing could result in reductions or delays in customer production, which could materially adversely impact our revenues.
- We are subject to FERC jurisdiction, federal anti-market manipulation laws and regulations, potentially other federal regulatory requirements and state, and local regulation and could be materially affected by changes in such laws and regulations, or in the way they are interpreted and enforced.
- We are subject to stringent environmental laws and regulations that may expose us to significant costs and liabilities.
- We may incur greater than anticipated costs and liabilities as a result of pipeline safety requirements.
- Climate change legislation, regulatory initiatives, and litigation could result in increased operating costs and reduced demand for the services we provide.
- Statutory and regulatory requirements for swap transactions could have an adverse impact on our ability to hedge risks associated with our business and increase the working capital requirements to conduct these activities.
- We may face opposition to the development, permitting, construction or operation of our pipelines and facilities from various groups.
- Risks Related to the Common Stock and Series A Preferred Stock
- The price of the common stock or Series A Preferred Stock may experience volatility.
- Our Governing Documents contain provisions that may make it difficult for a third party to acquire control of the Company, even if a change in control would result in the purchase of your shares of common stock or Series A Preferred Stock at a premium to the market price or would otherwise be beneficial to you.
- We do not expect to pay dividends on our common stock for the foreseeable future.
- The value of our common stock may be diluted by future equity issuances and shares eligible for future sale may have adverse effects on our share price.
- Risks Related to Tax
- The Company is a holding company, and its principal asset is our ownership of Partnership Common Units. Accordingly, we are dependent upon distributions from SMLP to pay dividends, if any, and to pay taxes and other expenses.
- The Tall Oak Acquisition, Moonrise Acquisition, and subsequent changes in stock ownership of the Company (including upon the redemption or exchange of the shares of Class B Common Stock and associated Partnership Common Units for common stock) may trigger a limitation on the utilization of net operating loss carryforwards of the Company.
- If SMLP were to become a publicly traded partnership taxable as a corporation for U.S. federal income tax purposes, the Company and SMLP might be subject to potentially significant tax inefficiencies.
- Risks Related to Terrorism and Cyberterrorism
- Terrorist attacks and threats, escalation of military activity in response to these attacks, or acts of war could have a material adverse effect on our business, financial condition, or results of operations.
- Our operations depend on the use of IT and OT systems that could be the target of a cyberattack, including state-sponsored attacks or cyberterrorism.
Legal proceedings
Although we may, from time to time, be involved in litigation and claims arising out of our operations in the ordinary course of business, we are not currently a party to any significant legal or governmental proceedings, except as described below. In addition, we are not aware of any significant legal or governmental proceedings contemplated to be brought against us, under the various environmental protection statutes to which we are subject.
Fiberspar Corporation. On May 3, 2022, Fiberspar Corporation (“Fiberspar”) filed a petition in the District Court of Harris County, Texas alleging, before costs and interest, over $5.0 million owed but not paid for orders of pipeline product from Fiberspar. The petition asserts causes of action for breach of contract and suit on sworn account. A civil action on the same claims had been filed by Fiberspar in 2016 but was dismissed without prejudice pursuant to a standstill and tolling agreement that expired in 2021. We filed an answer on September 6, 2022 denying Fiberspar’s claims and asserting counter claims. The case is pending in the District Court of Harris County, Texas and a trial date has been set for April 2026. We are unable to predict the final outcome of this matter.
The opening of Item 3, Legal Proceedings.6
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 16SEC EDGARCarolyn J. Stone, Board member
- 17SEC EDGARJames J. Cleary, Board member
- 18SEC EDGARJames Lee Jacobe, Board member
- 19SEC EDGARJerry L. Peters, Board member
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- 21SEC EDGARRobert Joseph McNally, Board member
- 22SEC EDGARRommel M. Oates, Board member
- 23SEC EDGARJason H. Downie, Board member
- 24SEC EDGARAndrew Arthur Winston, Board member
- 25SEC EDGARResults of operations
- 26SEC EDGARRegulation FD disclosure
- 27SEC EDGARRegulation FD disclosure
- 28SEC EDGARShareholder vote
- 29SEC EDGARResults of operations
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- 31SEC EDGARResults of operations
- 32SEC EDGARExecutive or director change
- 33SEC EDGARResults of operations
- 34SEC EDGARResults of operations
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- 36SEC EDGARResults of operations
- 37NasdaqNasdaq calendar
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