Summit Midstream Q3 adjusted EBITDA rises 16%
SMC•Summit Midstream’s third-quarter adjusted EBITDA rose 16% from the prior quarter to $70.7 million, while net income was $15.9 million. The company raised its 2026 adjusted EBITDA guidance to $250 million-$260 million from $235 million-$255 million.
1. Quarterly results
Summit Midstream reported third-quarter adjusted EBITDA of $70.7 million, up 16% from the prior quarter, and net income of $15.9 million.
2. Higher 2026 guidance
The company raised its 2026 adjusted EBITDA guidance to $250 million-$260 million from $235 million-$255 million. It expects capital expenditures of $100 million-$120 million, near the high end of that range, and mid-to-high-teens annual adjusted EBITDA growth over the next several years.
3. Operating drivers
Summit said 51 new wells in the Williston and DJ Basins helped lift liquids volumes 40% and Rockies Segment adjusted EBITDA 32%. Double E pipeline throughput rose 17% to a record 1,002 MMcf/d, while Mid-Con natural gas throughput increased 7% to 561 MMcf/d.
