Short answer
Summit Midstream Corp (SMC) filed its Q1 2026 10-Q quarterly report on May 11, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $139M (up 4.9% year over year) with net income of −$5M.
Q1 2026 key financials · XBRL
- Revenue
- $139M
- +4.9% YoY
- Net income
- −$5M
- −360.7% YoY
- EPS (diluted)
- −$0.43
- −168.8% YoY
Source: XBRL data from the Summit Midstream Corp (SMC) Q1 2026 10-Q on SEC EDGAR. USD.
Summit Midstream Corp Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Operating cash flow $6.9M vs $16.0M YoY
- Net loss $3.2M vs net income $4.6M YoY
- Capital expenditures $19.3M, including $3.7M maintenance spending
- Cash, cash equivalents and restricted cash increased $29.8M vs $4.4M YoY
- New financing and equity proceeds offset $143.2M preferred-unit redemption and $117.0M term-loan repayment
Risk Factors
- Risk-factors section not provided in submitted text
- New $10.1 securities purchase agreement dated March 31, 2026, involving Tall Oak Midstream Holdings and Connect Midstream
- New Summit Permian Transmission credit agreement dated March 16, 2026
- Officer Rule 10b5-1 arrangement covering up to 10,400 shares through April 5, 2027
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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