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Summit Midstream (SMC)
NYSE:SMC
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-2.91Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: -1.34%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Positive
The earnings call highlights a robust liquidity position, strategic acquisitions, and solid performance in various segments. However, challenges such as declining crude prices and natural gas volumes in the Rockies present potential headwinds. Overall, the sentiment is predominantly positive with significant achievements outweighing the challenges.Company Guidance
During the first quarter of 2025, Summit Midstream Corporation reported adjusted EBITDA of $57.5 million and capital expenditures of $20.6 million, primarily in the Rockies and Mid-Con segments. The company raised $250 million through senior secured second lien notes, boosting liquidity to over $350 million. In the Rockies segment, 30 new wells were connected, contributing to an adjusted EBITDA of $24.9 million. The Permian Basin segment saw an 8% increase in gas volumes on the Double E pipeline, while the Mid-Con segment benefited from the Tall Oak acquisition, achieving an adjusted EBITDA of $22.5 million. Despite a downturn in crude oil prices, the company reiterated its full-year adjusted EBITDA guidance of $245 million to $280 million and capital expenditures between $65 million and $75 million.Strong Liquidity Position
Summit Midstream raised $250 million in senior secured second lien notes, positioning the company with over $350 million of liquidity.
Reinstatement of Preferred Stock Dividend
In March, the Board of Directors reinstated a cash dividend on the Series A preferred stock, indicating financial stability and progress towards reinstating common dividends.
Accretive Acquisition of Moonrise Midstream
Summit Midstream closed the acquisition of Moonrise Midstream, expanding their DJ Basin footprint and providing additional operating synergies.
Increase in Permian Basin Gas Volumes
The Double E pipeline in the Permian Basin saw average daily volumes grow by 8% quarter-over-quarter.
Mid-Con Segment Performance
The Mid-Con segment reported adjusted EBITDA of $22.5 million, a $9.6 million increase driven by an acquisition and increased volume throughput.
Rockies Segment Volume Growth
The Rockies segment saw an 8.8% increase in liquids volume throughput and higher freshwater sales.
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SMC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SMC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | $28.29 | $28.34 | +0.18% |
Mar 10, 2025 | $38.71 | $37.68 | -2.66% |
Nov 12, 2024 | $36.00 | $35.73 | -0.75% |
Aug 08, 2024 | $37.00 | $36.42 | -1.57% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Summit Midstream (SMC) report earnings?
Summit Midstream (SMC) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.
What is Summit Midstream (SMC) earnings time?
Summit Midstream (SMC) earnings time is at Aug 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SMC EPS forecast?
Currently, no data Available
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