Summit Midstream Corp
For the period ended Sep 30, 2025. Filed Nov 10, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 10, 2025
SMC$30.30+8.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Equity
| Partners’ Capital (Before Corporate Reorganization) · Equity(After Corporate Reorganization) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Summit Midstream Corporation Stockholders | |||||||||
| Series A Preferred Units | Common Limited Partners’ Capital | Series A Preferred Stock | Common Stock Amount, at $0.01 par value | Class B Common Stock Amount, at $0.01 par value | Additional Paid in Capital | Retained Earnings (Deficit) | Non-controlling interest | Total Equity | |
| Equity, December 31, 2024 | $— | $— | $110,230 | $106 | $75 | $540,714 | $(183,333) | $497,333 | $965,125 |
| Net income (loss) | — | — | 3,918 | — | — | — | (1,887) | (989) | 1,042 |
| Dividend paid on Series A Preferred Stock | — | — | (3,359) | — | — | — | — | — | (3,359) |
| Equity compensation | — | — | — | — | — | 2,375 | — | — | 2,375 |
| Tax withholdings and associated payments on vested Summit LTIP awards | — | — | — | 1 | — | (2,838) | — | — | (2,837) |
| Moonrise Acquisition | — | — | — | 5 | — | 17,890 | — | — | 17,895 |
| Conversion of Class B Common Stock and Partnership Common Units | — | — | — | 10 | (10) | — | — | — | — |
| Tax impact of Up-C Structure | — | — | — | — | — | (12,280) | — | — | (12,280) |
| Equity shift (See Note 11) | — | — | — | — | — | 86,526 | — | (86,526) | — |
| Equity, March 31, 2025 | $— | $— | $110,789 | $122 | $65 | $632,387 | $(185,220) | $409,818 | $967,961 |
| Net income (loss) | — | — | 3,101 | — | — | — | (8,028) | (2,980) | (7,907) |
| Dividend paid on Series A Preferred Stock | — | — | (3,382) | — | — | — | — | — | (3,382) |
| Equity compensation | — | — | — | — | — | 2,362 | — | — | 2,362 |
| Tax withholdings and associated payments on vested Summit LTIP awards | — | — | — | — | — | (8) | — | — | (8) |
| Equity shift (See Note 11) | — | — | — | — | — | (233) | — | 233 | — |
| Equity, June 30, 2025 | $— | $— | $110,508 | $122 | $65 | $634,508 | $(193,248) | $407,071 | $959,026 |
| Net income (loss) | — | — | 3,365 | — | — | — | (1,578) | (556) | 1,231 |
| Dividend paid on Series A Preferred Stock | — | — | (3,385) | — | — | — | — | — | (3,385) |
| Equity compensation | — | — | — | — | — | 2,064 | — | — | 2,064 |
| Tax withholdings and associated payments on vested Summit LTIP awards | — | — | — | — | — | (260) | — | — | (260) |
| Tax impact of Up-C Structure | — | — | — | — | — | (731) | — | — | (731) |
| Equity shift (See Note 11) | — | — | — | — | — | 436 | — | (436) | — |
| Equity, September 30, 2025 | $— | $— | $110,488 | $122 | $65 | $636,017 | $(194,826) | $406,079 | $957,945 |
| Partners’ Capital (Before Corporate Reorganization) · Equity(After Corporate Reorganization) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Summit Midstream Corporation Stockholders | |||||||||
| Series A Preferred Units | Common Limited Partners’ Capital | Series A Preferred Stock | Common Stock Amount, at $0.01 par value | Class B Common Stock Amount, at $0.01 par value | Additional Paid in Capital | Retained Earnings (Deficit) | Non-controlling interest | Total Equity | |
| Partners’ capital, December 31, 2023 | $96,893 | $621,670 | $— | $— | $— | $— | $— | $— | $718,563 |
| Net income | 3,220 | 125,937 | — | — | — | — | — | — | 129,157 |
| Equity compensation | — | 2,772 | — | — | — | — | — | — | 2,772 |
| Tax withholdings and associated payments on vested Summit LTIP awards | — | (1,878) | — | — | — | — | — | — | (1,878) |
| Partners’ capital, March 31, 2024 | $100,113 | $748,501 | $— | $— | $— | $— | $— | $— | $848,614 |
| Net income (loss) | 3,313 | (30,957) | — | — | — | — | — | — | (27,644) |
| Equity compensation | — | 2,086 | — | — | — | — | — | — | 2,086 |
| Tax withholdings and associated payments on vested Summit LTIP awards | — | (4) | — | — | — | — | — | — | (4) |
| Partners’ capital, June 30, 2024 | $103,426 | $719,626 | $— | $— | $— | $— | $— | $— | $823,052 |
| Net income (loss) | 1,135 | (47,143) | 2,258 | — | — | — | (157,798) | — | (201,548) |
| Equity compensation | — | 557 | — | — | — | 1,283 | — | — | 1,840 |
| Tax withholdings and associated payments on vested Summit LTIP awards | — | — | — | — | — | — | — | — | — |
| Corporate Reorganization | (104,561) | (673,040) | 104,561 | 106 | — | 672,934 | — | — | — |
| Tax impact of Corporate Reorganization | — | — | — | — | — | 28,140 | — | — | 28,140 |
| Equity, September 30, 2024 | $— | $— | $106,819 | $106 | $— | $702,357 | $(157,798) | $— | $651,484 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.