Summit Midstream Corp Improves Net Income in 10-Q Report

By Hao Liu • Wednesday, November 12 06:06 • Permanent Link

Summit Midstream Corp has recently released its 10-Q report, revealing insights into its financial condition and operations. The company focuses on owning, developing, and operating midstream energy infrastructure assets in the continental United States, primarily in shale formations. Summit Midstream operates through Rockies, Permian, Piceance, Mid-Con, and Northeast segments, providing natural gas, crude oil, and produced water gathering systems and transmission pipelines to natural gas and crude oil producers.

In the 10-Q report, Summit Midstream Corp reported a net income of $5,000 for the three months ended September 30, 2025, a significant improvement from a net loss of $197,541 for the same period in 2024. The adjusted EBITDA for its reportable segments also showed positive trends, with Rockies reporting $28,999, Permian reporting $8,675, Piceance reporting $12,509, Mid-Con reporting $23,556, and Northeast reporting no data for the three months ended September 30, 2025.

The report also highlighted the company's financial activities, including net cash provided by operating activities of $26,677 for the three months ended September 30, 2025, and capital expenditures of $22,914 for the same period. Summit Midstream Corp also completed the Moonrise acquisition, optimizing its capital structure and portfolio management, and filed a registration statement for equity securities with a maximum aggregate offering price not to exceed $240.0 million.

The 10-Q report outlined key trends affecting Summit Midstream Corp's business, including the ongoing impact of political and economic conditions in foreign oil and natural gas producing countries, natural gas, NGL, and crude oil supply and demand dynamics, growth in production from U.S. shale plays, and capital markets availability and cost of capital. The report also discussed the potential impacts of inflation, interest rate increases, and the One Big Beautiful Bill Act on the company's financial outlook. Today the company's shares have moved -1.32% to a price of $23.08. If you want to know more, read the company's complete 10-Q report here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.