The earnings call presented a mixed sentiment. While there were notable achievements such as the extension of gathering agreements and inclusion in major indices, there were significant challenges like the below-expectation adjusted EBITDA and deferred development by customers. The financial outlook remains cautiously optimistic despite current setbacks.

Company Guidance

In the second quarter of 2025, Summit Midstream Corporation reported an adjusted EBITDA of $61 million, which was slightly below expectations due to underperformance in certain wells and lower commodity prices. Capital expenditures totaled $26.4 million, including $5.5 million for maintenance. Despite challenges, the company executed a 10-year extension of gathering agreements in the Williston, improving contract life from 4 to 8 years. Summit's Rockies segment generated $25.2 million in adjusted EBITDA, with volume increases offset by lower commodity prices and increased expenses. The Permian Basin segment saw a slight EBITDA increase to $8.3 million due to higher throughput. The Piceance segment's EBITDA decreased to $10.5 million, while the Mid-Con segment increased to $24.9 million, driven by increased throughput and new well connections. The company remains optimistic about future volume recovery and development opportunities in 2026, particularly with a significant program in the Arkoma and new agreements in the Permian.

10-Year Extension of Gathering Agreements

Summit executed a new 10-year extension of certain gathering agreements with a key customer in the Williston, increasing the weighted average contract life from 4 to 8 years.

Addition to Russell Indices

Summit was added to the Russell 3000, Russell 2000, and Russell Microcap indices, enhancing visibility among institutional investors and broadening the shareholder base.

New 10-Year Precedent Agreement in Permian

A new 10-year precedent agreement for 100 million a day of firm capacity on Double E was signed, contingent on the customer's final investment decision to build a new plant.

Volume Growth in Rockies Segment

The Rockies segment saw a 5.4% increase in liquids volume throughput and a 14% increase in natural gas volume throughput following the Moonrise Midstream business acquisition.

Incremental Development in Arkoma

An anchor customer is preparing a 20-well development program in the Arkoma, expected to begin in the fourth quarter and continue through mid-2026.

Summit Midstream (SMC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SMC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 18, 2025	2025 (Q3)	- / -	-19.245	―	―	―
Aug 12, 2025	2025 (Q2)	- / -0.66	-2.91	77.46% (+2.25)
May 08, 2025	2025 (Q1)	- / -0.16	11.47	-101.39% (-11.63)	―
Mar 10, 2025	2024 (Q4)	- / -2.40	-2.12	-13.07% (-0.28)	―
Nov 12, 2024	2024 (Q3)	- / -19.25	-0.27	-7027.78% (-18.98)	―
Aug 08, 2024	2024 (Q2)	- / -2.91	-1.91	-52.36% (-1.00)	―
May 02, 2024	2024 (Q1)	- / 11.47	-1.82	730.22% (+13.29)	―
Mar 15, 2024	2023 (Q4)	- / -2.12	-3.03	30.03% (+0.91)	―
Nov 03, 2023	2023 (Q3)	- / -0.27	-1.28	78.91% (+1.01)	―
Aug 09, 2023	2023 (Q2)	0.08 / -1.91	-9.53	79.96% (+7.62)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SMC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 12, 2025	$24.30	$20.26	-16.63%
May 08, 2025	$28.29	$28.34	+0.18%
Mar 10, 2025	$38.71	$37.68	-2.66%
Nov 12, 2024	$36.00	$35.73	-0.75%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Summit Midstream (SMC) report earnings?

Summit Midstream (SMC) is schdueled to report earning on Nov 18, 2025, After Close (Confirmed).

What is Summit Midstream (SMC) earnings time?

Summit Midstream (SMC) earnings time is at Nov 18, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SMC EPS forecast?

Currently, no data Available

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