Summit Midstream Partners (NYSE:SMC) Issues Quarterly Earnings Results

Posted by Geri Gentry on May 13th, 2026

Summit Midstream Partners (NYSE:SMC – Get Free Report) posted its earnings results on Monday. The company reported ($0.43) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.49) by $0.06, FiscalAI reports. The company had revenue of $139.14 million during the quarter, compared to analysts’ expectations of $139.88 million.

Summit Midstream Partners Trading Up 2.3%

NYSE SMC traded up $0.69 on Wednesday, hitting $30.34. 13,170 shares of the company’s stock traded hands, compared to its average volume of 59,285. The firm’s 50-day moving average price is $30.38 and its two-hundred day moving average price is $27.67. The firm has a market capitalization of $575.45 million, a PE ratio of -16.11 and a beta of 0.83. Summit Midstream Partners has a 1-year low of $19.13 and a 1-year high of $33.50.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Summit Midstream Partners in a research report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $47.00.

Check Out Our Latest Stock Report on Summit Midstream Partners

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Bridgeway Capital Management LLC boosted its holdings in Summit Midstream Partners by 9.1% in the third quarter. Bridgeway Capital Management LLC now owns 101,806 shares of the company’s stock valued at $2,091,000 after purchasing an additional 8,492 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Summit Midstream Partners by 10.8% during the 4th quarter. Empowered Funds LLC now owns 81,759 shares of the company’s stock valued at $2,181,000 after buying an additional 7,953 shares during the last quarter. Invesco Ltd. raised its stake in shares of Summit Midstream Partners by 0.8% during the 2nd quarter. Invesco Ltd. now owns 965,105 shares of the company’s stock valued at $23,674,000 after buying an additional 8,079 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Summit Midstream Partners by 320.2% in the 1st quarter. Millennium Management LLC now owns 204,265 shares of the company’s stock valued at $6,923,000 after buying an additional 155,655 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Summit Midstream Partners by 138.5% in the second quarter. Geode Capital Management LLC now owns 231,443 shares of the company’s stock worth $5,678,000 after buying an additional 134,388 shares during the last quarter. Hedge funds and other institutional investors own 42.97% of the company’s stock.

About Summit Midstream Partners

(Get Free Report)

Summit Midstream Partners is a publicly traded master limited partnership that provides gathering, compression, processing and transportation services for natural gas, natural gas liquids (NGLs) and crude oil in key U.S. onshore basins. The company’s assets include a network of intrastate and interstate pipelines, processing plants, fractionators and storage facilities designed to serve producers, marketers and end users throughout the Appalachian, Gulf Coast, Mid-Continent and Western Canadian Sedimentary basins.

In the Appalachian region, Summit operates extensive gathering lines and multiple gas-processing complexes connected to the Mountaineer NGL Hub, one of the largest fractionation and storage hubs in the Mid-Atlantic.