Summit Midstream Corp
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
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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, 2026 · Filed Nov 9, 2026
SMC$30.30+8.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Operations
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| (In thousands, except per share amounts) | ||||
| Revenues: | ||||
| Gathering services and related fees | $75,863 | $65,359 | $198,133 | $193,706 |
| Natural gas, NGLs and condensate sales | 98,121 | 71,079 | 255,888 | 196,751 |
| Other revenues | 9,021 | 10,445 | 23,139 | 29,340 |
| Total revenues | 183,005 | 146,883 | 477,160 | 419,797 |
| Costs and expenses: | ||||
| Cost of natural gas and NGLs | 59,738 | 38,138 | 148,202 | 109,486 |
| Operation and maintenance | 46,417 | 38,358 | 124,446 | 111,129 |
| General and administrative | 16,472 | 13,159 | 48,035 | 45,275 |
| Depreciation and amortization | 27,224 | 28,855 | 80,783 | 87,427 |
| Transaction costs | 210 | 1,429 | 451 | 5,283 |
| Acquisition integration costs | 73 | 1,661 | 1,054 | 7,060 |
| (Gain) loss on asset sales, net | (5,014) | 120 | (5,011) | 120 |
| Long-lived asset impairments | — | — | — | 71 |
| Total costs and expenses | 145,120 | 121,720 | 397,960 | 365,851 |
| Other income (expense), net | 18 | (575) | 718 | 8,860 |
| Gain (loss) on interest rate swaps | 1,885 | 131 | 2,682 | (1,335) |
| Loss on sale of business | — | (539) | — | (582) |
| Interest expense | (27,710) | (24,191) | (80,126) | (70,592) |
| Income from equity method investees | 7,596 | 5,548 | 18,665 | 15,190 |
| Income before income taxes | 19,674 | 5,537 | 21,139 | 5,487 |
| Income tax expense | (3,813) | (537) | (3,879) | (81) |
| Net income | $15,861 | $5,000 | $17,260 | $5,406 |
| Less: Net income attributable to Subsidiary Series A Preferred Units | — | (3,769) | (1,930) | (11,040) |
| Less: Net income attributable to Series A Preferred Stock | (1,884) | (3,365) | (6,862) | (10,384) |
| Add: Net (income) loss attributable to noncontrolling interest in SMLP | (5,745) | 556 | (3,924) | 4,525 |
| Net income (loss) attributable to Summit Midstream Corporation | $8,232 | $(1,578) | $4,544 | $(11,493) |
| Net income (loss) per share: | ||||
| Common stock – basic | $0.60 | $(0.13) | $0.34 | $(0.95) |
| Common stock – diluted | $0.58 | $(0.13) | $0.34 | $(0.95) |
| Weighted-average number of shares outstanding: | ||||
| Common stock – basic | 13,783 | 12,255 | 13,313 | 12,090 |
| Common stock – diluted | 14,085 | 12,255 | 13,563 | 12,090 |
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