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Summit Midstream Corporation Reports Fourth Quarter and Full-Year 2025 Financial and Operating Results, Permian and Rockies Segment Growth Update and Provides Full-Year 2026 Guidance
Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today its financial and operating results for fourth quarter and full-year 2025, Permian and Rockies segment growth update, and provided full-year 2026 financial guidance.
About this update from Summit Midstream Corporation
[{"type":"text","content":"HOUSTON, March 16, 2026 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today its financial and operating results for fourth quarter and full-year 2025, Permian and Rockies segment growth update, and provided full-year 2026 financial guidance.","length":327,"tagName":"p"},{"type":"image","alt":"Summit Midstream Partners Logo. (PRNewsFoto/Summit Midstream Partners)","displaySize":"","headline":null,"caption":"Summit Midstream Partners Logo. (PRNewsFoto/Summit Midstream Partners)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":123,"url":"https://media.zenfs.com/en/prnewswire.com/bae9081e1be5702d3e8e4da1701ab8d6"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/44U2fSF.Ke48PP3Hitn3VQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIxNztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/bae9081e1be5702d3e8e4da1701ab8d6","width":400,"height":123}},"href":"https://mma.prnewswire.com/media/74903/summit_midstream_partners_logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Fourth quarter net loss of $7.3 million, Adjusted EBITDA of $58.5 million, cash flow available for distributions ("Distributable Cash Flow" or "DCF") of $33.7 million and free cash flow ("FCF") of $17.0 million","length":240,"tagName":"p"}]},{"val":[{"type":"text","content":"Recently signed three 10+-year firm take-or-pay contracts on Double E that are expected to drive Permian Segment Adjusted EBITDA from $34 million in 2025 to approximately $60 million in 2029","length":190,"tagName":"p"}]},{"val":[{"type":"text","content":"Launched a binding open season on Double E to secure market commitments to support a mainline compression project to increase firm capacity by up to 50% from 1.6 Bcf/d to approximately 2.4 Bcf/d","length":194,"tagName":"p"}]},{"val":[{"type":"text","content":"Refinanced Double E capital structure1 with a new term loan that will fund Double E capital projects (including the mainline compression project) and provide an $85 million one-time distribution to Summit to pay down debt and repay $45 million of arrears on its corporate Series A Preferred Stock","length":301,"tagName":"p"}]},{...