Summit Midstream Reports Q3 2026 Growth and Raises Full-Year EBITDA Guidance
Summit Midstream (SMC) reported strong third-quarter 2026 results, highlighted by an adjusted EBITDA of $70.7 million, a 16% increase over the previous quarter. The company's growth was primarily driven by significant volume increases in its Rockies and Permian segments, including record throughput on the Double E system and increased liquids throughput in the Rockies following 51 new well connections. Driven by robust producer activity, management raised its full-year adjusted EBITDA guidance to a range of $250 million to $260 million. While capital expenditures are expected to hit the high end of the projected $100-$120 million range to support growth projects, the company is focused on deleveraging, aiming to reduce its net leverage ratio from 3.9x to 3.6x by year-end.
Topics: Capital Expenditures EBITDA Energy Infrastructure Financial Guidance Net Income