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HOUSTON, May 7, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE:SMC) ("Summit", "SMC" or the "Company") announced today its financial and operating results for the three months ended March 31, 2025. Highlights First quarter 2025 net income of $4.6 million, adjusted EBITDA of $57.5 million and cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $33.5 millionRaised $250 million of additional 8.625% Senior Secured Second Lien Notes Due 2029 at an issue price of 103.375%Completed the value-accretive bolt on acquisition of Moonrise Midstream in th
HOUSTON, April 25, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE:SMC) ("Summit", "SMC" or the "Company") announced today that it will report operating and financial results for the first quarter of 2025 on Thursday, May 8, 2025, before the open of trading on the New York Stock Exchange. First Quarter 2025 Earnings Call SMC will host a conference call at 10:00 a.m. Eastern on May 8, 2025, to discuss its quarterly operating and financial results. The call can be accessed via teleconference at: Q1 2025 Summit Midstream Corporation Earnings Conference Call (https://edge.media-server.com/mmc/p/pbisgsku). Once registration is completed, participants will receive a dial-in number along w
HOUSTON, March 28, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE:SMC) ("Summit", "SMC" or the "Corporation") announced today that its 2024 tax packages for Summit Midstream Partners, LP, including a final Schedule K-1, are now available online and may be accessed at https://partnerdatalink.com/Summit. For additional information or assistance, unitholders may also contact Partner DataLink via email at [email protected] or via phone at (855) 375-4158 Monday through Friday from 8:00 a.m. – 5:00 p.m. CDT or visit SMC's website at http://www.summitmidstream.com under "Investors >> Tax Information."
HOUSTON, March 10, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today its financial and operating results for fourth quarter and full-year 2024 and provided full-year 2025 financial guidance. Highlights Fourth quarter 2024 net loss of $24.8 million, adjusted EBITDA of $46.2 million, cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $22.1 million and free cash flow ("FCF") of $6.6 millionReduced total leverage to 3.9x1 at year-end 2024Successfully closed value- and credit-accretive acquisi
HOUSTON, March 10, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE:SMC) ("Summit", "SMC" or the "Company") announced today that its wholly owned subsidiary, Summit Midstream Holdings, LLC ("SMP Holdings"), has acquired Moonrise Midstream, LLC ("Moonrise" or "Moonrise Midstream") from Fundare Resources Company Holdco, LLC ("Fundare") for a total consideration of $90 million, including $70 million in cash and $20 million in SMC equity. Summit also provided an operational update for its broader DJ Basin position. Highlights Expands Summit's gathering and processing footp
HOUSTON, Feb. 28, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("SMC" or the "Company") announced today that the board of directors of the Company, has declared a quarterly cash dividend on its Series A fixed-to-floating rate cumulative redeemable perpetual preferred stock (the "Series A Preferred Stock") for the period ended March 14, 2025. A cash dividend of $51.27 per share will be paid on the outstanding 65,508 shares on March 15, 2025 to preferred shareholders of record as of the close of business on March 3, 2025. All unpaid dividends on the Series A Preferred Stock from prior periods remain accrued.
HOUSTON, Jan. 7, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE:SMC) ("SMC" or the "Company") announced today that Summit Midstream Holdings, LLC (the "Issuer"), which is a subsidiary of the Company, has priced the previously announced offering (the "Offering") of $250.0 million in aggregate principal amount of additional 8.625% Senior Secured Second Lien Notes due 2029 (the "Additional Notes") at 103.375% of par, plus accrued and unpaid interest from July 26, 2024 to, but excluding, the issue date. The Additional Notes will be issued under the same indenture as the Issuer's $575.0 million in aggregate principal amount of 8.625% Senior Secured Second Lien Notes due 2029 (the "Existi
HOUSTON, Jan. 7, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("SMC" or the "Company") announced today that Summit Midstream Holdings, LLC (the "Issuer"), which is a subsidiary of the Company, has commenced an offering (the "Offering") of $250.0 million in aggregate principal amount of additional 8.625% Senior Secured Second Lien Notes due 2029 (the "Additional Notes"). The Additional Notes will be issued under the same indenture as the Issuer's $575.0 million in aggregate principal amount of 8.625% Senior Secured Second Lien Notes due 2029 (the "Existing Notes"), will have substantially identical terms as the Existing Notes, other than the issue date and issue price, and wi
HOUSTON, Dec. 2, 2024 /PRNewswire/ --Summit Midstream Corporation (NYSE:SMC) ("Summit", "SMC" or the "Company") announced today that it and its wholly owned subsidiary, Summit Midstream Partners, LP (the "Partnership"), received shareholder approval and has completed the previously announced acquisition of Tall Oak Midstream Operating, LLC and its subsidiaries (collectively, "Tall Oak" or "Tall Oak Midstream III") from an affiliate of Tailwater Capital LLC ("Tailwater Capital") for $155 million of cash, 7.5 million common units of the Partnership and associated 7.5 million shares of SMC Class B Common Stock (the "Equity Consideration"), and up to $25 million contingent consideration in cash
HOUSTON, Nov. 29, 2024 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") provides a correction to access link for Virtual Shareholder Meeting. Correction to Access Link for Virtual Shareholder Meeting: The special meeting of stockholders of Summit Midstream Corporation (the "Company") to be held virtually, conducted via live audio webcast on November 29, 2024, at 2:00 PM, Central Time (the "Special Meeting") is accessible online by visiting https://web.lumiconnect.com/217371229 (password: summit2024). You will also be able to vote you
4 - Summit Midstream Corp (0002024218) (Issuer)
4/A - Summit Midstream Corp (0002024218) (Issuer)
4/A - Summit Midstream Corp (0002024218) (Issuer)
4 - Summit Midstream Corp (0002024218) (Issuer)
4 - Summit Midstream Corp (0002024218) (Issuer)
4 - Summit Midstream Corp (0002024218) (Issuer)
4 - Summit Midstream Corp (0002024218) (Issuer)
4 - Summit Midstream Corp (0002024218) (Issuer)
4 - Summit Midstream Corp (0002024218) (Issuer)
4 - Summit Midstream Corp (0002024218) (Issuer)
HOUSTON, May 7, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE:SMC) ("Summit", "SMC" or the "Company") announced today its financial and operating results for the three months ended March 31, 2025. Highlights First quarter 2025 net income of $4.6 million, adjusted EBITDA of $57.5 million and cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $33.5 millionRaised $250 million of additional 8.625% Senior Secured Second Lien Notes Due 2029 at an issue price of 103.375%Completed the value-accretive bolt on acquisition of Moonrise Midstream in th
HOUSTON, April 25, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE:SMC) ("Summit", "SMC" or the "Company") announced today that it will report operating and financial results for the first quarter of 2025 on Thursday, May 8, 2025, before the open of trading on the New York Stock Exchange. First Quarter 2025 Earnings Call SMC will host a conference call at 10:00 a.m. Eastern on May 8, 2025, to discuss its quarterly operating and financial results. The call can be accessed via teleconference at: Q1 2025 Summit Midstream Corporation Earnings Conference Call (https://edge.media-server.com/mmc/p/pbisgsku). Once registration is completed, participants will receive a dial-in number along w
HOUSTON, March 10, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today its financial and operating results for fourth quarter and full-year 2024 and provided full-year 2025 financial guidance. Highlights Fourth quarter 2024 net loss of $24.8 million, adjusted EBITDA of $46.2 million, cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $22.1 million and free cash flow ("FCF") of $6.6 millionReduced total leverage to 3.9x1 at year-end 2024Successfully closed value- and credit-accretive acquisi
HOUSTON, March 10, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE:SMC) ("Summit", "SMC" or the "Company") announced today that its wholly owned subsidiary, Summit Midstream Holdings, LLC ("SMP Holdings"), has acquired Moonrise Midstream, LLC ("Moonrise" or "Moonrise Midstream") from Fundare Resources Company Holdco, LLC ("Fundare") for a total consideration of $90 million, including $70 million in cash and $20 million in SMC equity. Summit also provided an operational update for its broader DJ Basin position. Highlights Expands Summit's gathering and processing footp
HOUSTON, Feb. 28, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("SMC" or the "Company") announced today that the board of directors of the Company, has declared a quarterly cash dividend on its Series A fixed-to-floating rate cumulative redeemable perpetual preferred stock (the "Series A Preferred Stock") for the period ended March 14, 2025. A cash dividend of $51.27 per share will be paid on the outstanding 65,508 shares on March 15, 2025 to preferred shareholders of record as of the close of business on March 3, 2025. All unpaid dividends on the Series A Preferred Stock from prior periods remain accrued.
HOUSTON, Nov. 12, 2024 /PRNewswire/ -- Summit Midstream Corporation (NYSE:SMC) ("Summit", "SMC" or the "Company") announced today its financial and operating results for the three months ended September 30, 2024. Highlights Third quarter 2024 net loss of $197.5 million, including $142.6 million non-cash income tax expense to primarily establish SMC's deferred tax liability associated with the C-Corp conversionGenerated adjusted EBITDA of $45.2 million, representing approximately 9% quarter-over-quarter growth1, cash flow available for distributions ("Distributable Cash Flow" o
HOUSTON, Nov. 4, 2024 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today that it will report operating and financial results for the third quarter of 2024 on Tuesday, November 12, 2024, before the open of trading on the New York Stock Exchange. Third Quarter 2024 Earnings Call SMC will host a conference call at 10:00 a.m. Eastern on November 12, 2024, to discuss its quarterly operating and financial results. The call can be accessed via teleconference at: Q3 2024 Summit Midstream Corporation Earnings Conference Call (ht
HOUSTON, Oct. 1, 2024 /PRNewswire/ -- Summit Midstream Corporation (NYSE:SMC) ("Summit", "SMC" or the "Company") announced today that it and its wholly owned subsidiary, Summit Midstream Partners, LP (the "Partnership"), have entered into definitive agreements to acquire Tall Oak Midstream Operating, LLC and its subsidiaries (collectively, "Tall Oak" or "Tall Oak Midstream III") from an affiliate of Tailwater Capital LLC ("Tailwater Capital") for a mix of cash and equity consideration. This strategic acquisition marks a significant milestone in Summit's growth strategy, increasing scale in a credit and value accretive manner.
HOUSTON, Aug. 8, 2024 /PRNewswire/ -- Summit Midstream Corporation (NYSE:SMC) ("Summit", "SMC" or the "Company") announced today the financial and operating results of Summit Midstream Partners, LP ("SMLP"), a wholly-owned subsidiary of the Company, for the three months ended June 30, 2024.1 Highlights Second quarter 2024 net loss of $23.8 million, adjusted EBITDA of $43.1 million, cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $11.7 million and free cash flow ("FCF") of $2.7 millionConnected 34 wells during the second quarter and maintained an a
10-Q - Summit Midstream Corp (0002024218) (Filer)
8-K - Summit Midstream Corp (0002024218) (Filer)
SCHEDULE 13G/A - Summit Midstream Corp (0002024218) (Subject)
8-K - Summit Midstream Corp (0002024218) (Filer)
SCHEDULE 13G - Summit Midstream Corp (0002024218) (Subject)
DEF 14A - Summit Midstream Corp (0002024218) (Filer)
EFFECT - Summit Midstream Corp (0002024218) (Filer)
S-3 - Summit Midstream Corp (0002024218) (Filer)
8-K - Summit Midstream Corp (0002024218) (Filer)
144 - Summit Midstream Corp (0002024218) (Subject)
SC 13G - Summit Midstream Corp (0002024218) (Subject)
SC 13D - Summit Midstream Corp (0002024218) (Subject)
SC 13G - Summit Midstream Corp (0002024218) (Subject)