Summit Midstream Partners LP Stock News

Summit Midstream Corporation's Q4 results were decent, with adjusted EBITDA at $46.2M and free cash flow at $6.6M, aligning with expectations. 2025 guidance projects adjusted EBITDA between $245M-$280M, driven by well connections in the Rockies and the Moonrise Midstream acquisition. Free cash flow is expected to hit $100M, aiding deleveraging to a 3.5x leverage target and resumption of preferr...

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 Dat...

Summit Midstream has continued to find new opportunities to make bolt-on acquisitions to its portfolio. The company has cleaned up its balance sheet and its debt-to-adjusted EBITDA is in line with peers, but interest rates are incredibly high. The Series A payment resumption is a strong step in the company's path to drive future shareholder returns.

Summit Midstream Corporation (NYSE:SMC ) Q4 2024 Earnings Conference Call March 11, 2024 10:00 AM ET Company Participants Randall Burton - Director, Finance and Investor Relations Heath Deneke - President, CEO, and Chairman Bill Mault - CFO Conference Call Participants Operator Ladies and gentlemen, thank you for standing by. Welcome to the Summit Midstream Corporation Fourth Quarter 2024 Earni...

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 ("Distributa...

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...

Summit Midstream's recent financial reorganization introduces a new major shareholder. The troubled past of Summit Midstream may lead to market mispricing compared to future prospects. The stock's volatility is heightened by the lack of historical performance under the current structure.

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...