Short answer
Summit Midstream Corp (SMC) filed its Q2 2026 10-Q quarterly report on Aug 10, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $155M (up 10.6% year over year) with net income of $2M.
Q2 2026 key financials · XBRL
- Revenue
- $155M
- +10.6% YoY · +11.4% QoQ
- Net income
- $2M
- +113.5% YoY · +130.3% QoQ
- EPS (diluted)
- $0.15
- +122.4% YoY · +134.9% QoQ
Source: XBRL data from the Summit Midstream Corp (SMC) Q2 2026 10-Q on SEC EDGAR. USD.
Summit Midstream Corp Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Six-month operating cash flow $50.8M vs $53.2M YoY
- Cash balance increased $12.1M vs $0.3M YoY
- Capital expenditures $44.3M, including $7.9M maintenance; Double E contributions $6.5M
- $440.0M Permian refinancing; $143.2M preferred-unit redemption and $51.3M preferred distributions
- Outlook: liquidity adequate for next twelve months; risks include commodity markets, financing access, and customer nonperformance
Risk Factors
- New financial risk: $35.0 million share repurchase authorization may diminish cash, cash equivalents, and marketable securities
- New market risk: Repurchases could increase common-stock volatility, with 34,624 shares bought at $29.12 in June 2026
- New compliance risk: Repurchases depend on compliance with debt covenants and federal and state securities laws
- New shareholder-value risk: Program may be suspended or terminated anytime and may not enhance long-term stockholder value
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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