Summit Midstream Partners ( (SMC) ) has released its Q1 earnings. Here is a breakdown of the information Summit Midstream Partners presented to its investors.
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Summit Midstream Corporation, headquartered in Houston, Texas, is a company focused on developing, owning, and operating midstream energy infrastructure assets in key shale formations across the United States. The company provides natural gas, crude oil, and produced water gathering, processing, and transportation services.
In the first quarter of 2025, Summit Midstream Corporation reported a net income of $4.6 million, with an adjusted EBITDA of $57.5 million and a distributable cash flow of $33.5 million. The company also raised $250 million through senior secured notes and completed a strategic acquisition of Moonrise Midstream in the DJ Basin.
Key financial highlights include a 19.8% increase in average daily natural gas throughput and an 8.8% rise in liquids volumes compared to the previous quarter. The company’s Mid-Con segment saw significant growth in adjusted EBITDA due to the acquisition of Tall Oak Midstream III, while the Rockies segment benefited from increased liquids volume throughput and the acquisition of Moonrise Midstream.
Looking forward, Summit Midstream Corporation remains optimistic about its financial performance, reiterating its full-year guidance range for adjusted EBITDA and capital expenditures. The company is also closely monitoring market conditions, particularly the impact of crude oil prices and tariffs, while maintaining a favorable outlook for natural gas demand.
Summit Midstream’s management continues to focus on strategic transactions and operational efficiencies to strengthen its balance sheet and support future growth in the midstream energy sector.