SMC · Summit Midstream Corp
Price & Indicators
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Aug 11, 2026TL;DR. Summit Midstream posted Q2 Adjusted EBITDA of $60.7 million (up 12% sequentially) on accelerated Rockies and Mid-Con activity, tightened 2026 Adjusted EBITDA guidance to $235–$255 million while raising capex to $100–$120 million to fund ~30 incremental Williston wells and Double E compression growth.
- + Company tightened 2026 Adjusted EBITDA guidance to $235–$255 million.
- + Mid-Con Adjusted EBITDA grew 10% on a 9.9% volume increase to 523 MMcf/d from strong Barnett and emerging Arkoma dry gas wells.
- − Piceance segment Adjusted EBITDA fell $0.9 million sequentially on a 5.7% volume decline driven by temporary shut-ins and no new well connections.
- − Full-year 2026 capex guidance was raised to $100–$120 million (from $85–$105 million) to fund 30 incremental Williston wells and incremental Double E capital.
- − Common dividend remains suspended, and total leverage stood at ~4.1x versus a 3.5x target.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $60.7M | Q2 2026 | — |
| Aggregate average daily throughput (MMcf/d) | 214 | Three Months Ended June 30, 2026 filing | — |
| Aggregate average daily throughput – liquids | 66 | Six Months Ended June 30, 2026 | — |
| Aggregate average daily throughput – natural gas | 886 | Six Months Ended June 30, 2026 | — |
| Average daily throughput (MMcf/d) | 523 | Three Months Ended June 30, 2026 filing | — |
| Capital expenditures | $25M | Q2 2026 | — |
| Distributable Cash Flow non-GAAP | $36.8M | Q2 2026 | — |
| Double E average daily throughput | 832 | Six Months Ended June 30, 2026 | — |
| Free cash flow non-GAAP | $9.4M | Q2 2026 | — |
| Maintenance capital expenditures | $4.1M | Q2 2026 | — |
| Proportional adjusted EBITDA for Double E non-GAAP | $9.4M | Q2 2026 | — |
| Reportable segment adjusted EBITDA - Mid-Con non-GAAP | 21.36M | Three Months Ended June 30, 2026 | — |
| Reportable segment adjusted EBITDA - Permian non-GAAP | 9.36M | Three Months Ended June 30, 2026 | — |
| Reportable segment adjusted EBITDA - Piceance non-GAAP | 8.66M | Three Months Ended June 30, 2026 | — |
| Reportable segment adjusted EBITDA - Rockies non-GAAP | 30.36M | Three Months Ended June 30, 2026 | — |
| Total segment adjusted EBITDA non-GAAP | 69.75M | Three Months Ended June 30, 2026 | — |
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Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Oil & Gas Midstream — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
SMC
this stock
Summit Midstream Corp
|
$625.49M | +15.6% | +30.8% | — | 1.2% |
|
ENB
Enbridge Inc
|
$102.08B | -3.9% | — | — | 0.8% |
|
WMB
Williams Companies, Inc.
|
$84.72B | +17.4% | +13.8% | 27.6 | 2.0% |
|
EPD
Enterprise Products Partners L.P.
|
$79.36B | +12.9% | -6.4% | 12.7 | 0.8% |
|
ET
Energy Transfer LP
|
$69.52B | +24.1% | +3.5% | — | 0.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| SMC | +0.1% | -10.4% | +7.7% | +2.0% | +15.6% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | +0.4% | -9.9% | -4.5% | +1.1% | +2.7% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.