Summit Midstream Q2 FY26 returns to profit at $4.6 million; adjusted EBITDA rises 12% vs Q1 to $60.7 million
SMC•Guidance tightened and buyback launched
Guidance was tightened to $235 million-$255 million of 2026 adjusted EBITDA, while total capital spending outlook increased to $100 million-$120 million.
The company also launched a $35 million buyback.
Mid-Con throughput lifts segment EBITDA
Mid-Con natural gas throughput rose 9.9% from Q1 2026 to 523 MMcf/d, lifting segment adjusted EBITDA to $21.4 million.
Quarterly results improve on higher revenue and EBITDA
Summit Midstream swung to GAAP net income of $4.6 million, while adjusted EBITDA rose to $60.7 million, up 12% from Q1 2026.
Distributable cash flow increased to $36.8 million, while free cash flow totaled $9.4 million.
Revenue climbed to $155 million from $140.2 million a year earlier, while total costs and expenses rose to from .
