The latest announcement is out from Summit Midstream ( (SMC) ).
On June 8, 2026, Summit Midstream Corporation announced it had executed two new long-term firm transportation agreements totaling 150 million cubic feet per day on its Double E Pipeline, lifting open-season commitments to 250 MMcf/d and total contracted capacity to about 1.9 billion cubic feet per day. The company also extended the Double E open season to June 30, 2026 amid strong shipper demand, advanced preparations for a planned compression expansion that would boost pipeline capacity by roughly 50% by 2028, and secured a new crude oil gathering agreement in North Dakota’s Williston Basin covering 40,000 acres and 15 expected well connections, underscoring growing activity near its footprint and strengthening its contracted volumes and growth prospects in both gas and crude midstream markets.
The most recent analyst rating on (SMC) stock is a Buy
with a $49.00 price target.
To see the full list of analyst forecasts on Summit Midstream stock,
see the SMC Stock Forecast page.
Spark’s Take on SMC Stock
According to Spark, TipRanks’ AI Analyst, SMC is a Neutral.
The score is held back primarily by leveraged financials with ongoing net losses and uneven free-cash-flow stability, alongside weak technical momentum (below key moving averages with negative MACD). Partially offsetting these are a constructive earnings outlook with reiterated EBITDA guidance and operational/contracting progress, plus a positive incremental catalyst from the newly announced share repurchase authorization.
To see Spark’s full report on SMC stock,
click here.
More about Summit Midstream
Summit Midstream Corporation is a U.S. midstream energy company that develops, owns and operates natural gas, crude oil and produced water gathering, processing and transportation infrastructure in major unconventional resource basins. Its assets span the Williston, Denver-Julesburg, Fort Worth, Arkoma and Piceance basins, and it holds an equity interest in the Double E Pipeline, which moves Delaware Basin gas to the Waha Hub in Texas.
Average Trading Volume: 72,372
Technical Sentiment Signal: Hold
Current Market Cap: $595.9M
For a thorough assessment of SMC stock, go to TipRanks’ Stock Analysis page.