SMC

Over the past six months, Summit Midstream Corp. announced an inaugural $35 million stock repurchase program on June 1, 2026, and secured additional commitments for its Double E Pipeline, extending its open season due to strong shipper demand on June 8, 2026. The company scheduled its second-quarter earnings report for August 10, 2026, on July 29, 2026, and subsequently reported Q2 2026 financial and operating results on August 10, 2026, returning to a consolidated net income of $4.6 million. Fitch upgraded Summit Midstream's rating on August 20, 2026, citing the company's financial strength. On August 30/31, 2026, SMC announced a Final Investment Decision (FID) on the Double E Pipeline Mainline Compression Expansion project, and on September 9, 2026, it proceeded with a $100 million pipeline expansion in the Delaware Basin. On October 1, 2026, James Johnston, an Executive Vice President, sold 2,600 shares. The stock price increased by 41.22% from September 29, 2025, to September 25, 2026. Over the past year, insiders collectively bought $37.95 million in stock and sold $476,598, though insider selling outweighed buying in the three months leading up to October 2026.