Earnings Releases·Nov 9, 2026, 4:57 PM ET

Summit Midstream Corporation — Third Quarter 2026 Earnings Summary

Net income rose to $15.9 million from $5.0 million year-over-year, while Adjusted EBITDA increased 16% sequentially to $70.7 million and 8% year-over-year to $70.7 million; however, Distributable Cash Flow and Free Cash Flow declined sequentially to $32.6 million and $5.2 million, respectively.
Management raised full-year 2026 Adjusted EBITDA guidance to $250 million–$260 million and projects a year-end net leverage ratio of approximately 3.6x, driven by strong Rockies and Permian segment performance.
The company suspended cash dividends on common stock for the quarter but maintained Series A Preferred Stock payments, while utilizing $0.2 million of its share repurchase program with $33.8 million capacity remaining.
Strategic momentum includes reaching a final investment decision on the Double E Mainline Compression Expansion, connecting 51 new wells in the quarter, and targeting 200–250 well connections in 2027.