Summit Midstream Raises 2026 EBITDA Guidance Following Strong Q3 Results
Summit Midstream Corporation (SMC) reported a strong third quarter with adjusted EBITDA reaching $70.7 million, representing a 16% increase over the previous quarter. CEO J. Deneke characterized this as one of the strongest quarters in the company's history. Building on this momentum, the company has raised its 2026 adjusted EBITDA guidance to a range of $250 million to $260 million. Looking further ahead, Summit is targeting between 200 and 250 well connects for the year 2027, signaling aggressive growth expectations in its midstream operations.
Tickers: $SMC