Summit Midstream Reports Q3 Earnings Beat and Raises FY2026 EBITDA Guidance
Summit Midstream (SMC) reported third-quarter financial results that exceeded analyst expectations on both the top and bottom lines. The company posted a GAAP EPS of $0.58, surpassing estimates by $0.46, while revenue reached $183 million, representing a 24.6% increase year-over-year and beating projections by $24.4 million. Following the strong quarterly performance, Summit Midstream raised its full-year 2026 adjusted EBITDA guidance to a new range of $250 million to $260 million, up from the previous outlook of $235 million to $255 million. The company maintained its existing capital expenditure expectations for the fiscal year.
Tickers: $SMC