Summit Midstream Corporation ( (SMC) ) has released its Q2 earnings. Here is a breakdown of the information Summit Midstream Corporation presented to its investors.
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Summit Midstream Corporation, a company specializing in the development, ownership, and operation of midstream energy infrastructure assets, primarily focuses on natural gas, crude oil, and produced water gathering, processing, and transportation services across various shale formations in the United States.
In its second quarter of 2025 financial report, Summit Midstream Corporation reported a net loss of $4.2 million, with an adjusted EBITDA of $61.1 million. The company also highlighted its strategic moves, including connecting 47 wells and executing a 10-year extension of gathering agreements in the Williston Basin.
The company’s performance was slightly below expectations, attributed to timing and performance issues in certain wells and lower-than-expected commodity prices. Despite these challenges, Summit Midstream remains active in pursuing growth opportunities, with significant developments expected in the Arkoma and Rockies regions. The company also secured a new precedent agreement for firm capacity on the Double E Pipeline, with an expected in-service date in late 2026.
Looking ahead, Summit Midstream anticipates its year-end financial results to be near the lower end of its original 2025 Adjusted EBITDA guidance range. The company continues to focus on expanding its footprint and service offerings while navigating the dynamic energy market landscape.