Summit Midstream Corporation (SMC)

In the past six months, Summit Midstream Corp. (SMC) stock has experienced a decline, losing nearly 50% year-to-date as of October 2025, largely due to persistent underutilization of assets despite strong natural gas demand. In Q1 2025, the company reported net income of $4.6 million and adjusted EBITDA of $57.5 million, completed the acquisition of Moonrise Midstream, and reinstated cash dividends on Series A Preferred Stock. In Q2 2025, Summit Midstream reported revenues of $140.2 million, up 38% year-over-year, and a narrower net loss of $4.2 million, but the stock fell by 14.6% following the report. The company announced a new 10-year extension of certain gathering agreements in the Williston Basin and a new 10-year precedent agreement for firm capacity on the Double E Pipeline in the Permian. SMC was added to the Russell 3000, 2000, and Microcap indexes. There have been reports of insider sales.

The provided search results do not contain explicit information regarding the demand seasonality for Summit Midstream Corp.'s products and services. Demand for its services is generally tied to the production levels of its customers, which can be influenced by broader energy market dynamics, commodity prices, and drilling activity.

Summit Midstream Corp. operates in the Utilities and Energy sectors, focusing on Natural Gas Distribution and Oil & Gas Midstream industries. The company provides natural gas, crude oil, and produced water gathering, processing, and transportation services under long-term, fee-based agreements. Summit Midstream's operations are structured across several segments: Rockies, Permian, Piceance, Mid-Con, and Northeast.

Summit Midstream Corp. has a significant geographic footprint across several key unconventional resource basins in the continental U.S., including the Williston Basin, Denver-Julesburg (DJ) Basin, Fort Worth Basin, Piceance Basin, Arkoma Basin, and Delaware Basin.

Summit Midstream's brand reputation is indirectly reflected through acquisitions, financial performance, long-term contracts, and asset utilization. The acquisition of Tall Oak Midstream III and Moonrise Midstream indicates a proactive approach to growth. While Q2 2025 revenues climbed, tempered guidance suggested investor caution. Securing new long-term agreements demonstrates customer confidence. Persistent underutilization of assets has been a challenge, impacting perceptions of operational efficiency.

As of recent data, institutional ownership of Summit Midstream Corp. (SMC) stands at 39.26%, while insider ownership is 12.49%.