10-Q quarterly report · filed Nov 10, 2025

Summit Midstream Corp (SMC) Q3 2025 10-Q Quarterly Report

Short answer

Summit Midstream Corp (SMC) filed its Q3 2025 10-Q quarterly report on Nov 10, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $147M (down 54.5% year over year) with net income of −$2M.

Q3 2025 key financials · XBRL

Revenue
$147M
−54.5% YoY · +4.8% QoQ
Net income
−$2M
+98.4% YoY · +86.8% QoQ
EPS (diluted)
−$0.12
+98.8% YoY · +82.1% QoQ

Source: XBRL data from the Summit Midstream Corp (SMC) Q3 2025 10-Q on SEC EDGAR. USD.

Summit Midstream Corp Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Q3 revenue $146.9M, up $44.5M YoY from $102.4M
  • Net income $5.0M vs $197.5M loss YoY
  • Mid-Con best EBITDA $23.6M vs $7.3M; Piceance lowest $12.5M vs $12.8M
  • Operating cash flow $26.7M vs $9.2M; capital expenditures $22.9M vs $10.9M
  • Headwinds: moderate producer activity, higher borrowing costs, inflation, regulatory restrictions, commodity volatility

Risk Factors

  • No risk-factors section provided; supplied text contains Items 2–6 only
  • No newly added risk or material update identifiable from the provided excerpt
  • Compliance disclosure: executive trading plan covers up to 14,000 shares through July 1, 2026
  • No financial, operational, competitive, regulatory, or legal risk details provided

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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