Summit Midstream Appoints Chris Tennant as SVP and CCO
Summit Midstream (SMC) announced that Chris Tennant will join the company as Senior Vice President and Chief Commercial Officer, effective immediately. In this role, Chris will be responsible for overseeing Summit's commercial strategy, customer relationships, and long-term growth initiatives across the company's footprint. Chris most recently served as Senior Vice President and Chief Commercial Officer Midstream at Matador Resources (MTDR).
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Summit Midstream Appoints New Chief Commercial Officer
- Executive Appointment: Summit Midstream has announced that Chris Tennant will serve as Senior Vice President and Chief Commercial Officer effective immediately, overseeing the company's commercial strategy and customer relationships to drive long-term growth and enhance shareholder value.
- Extensive Experience: Chris brings over three decades of leadership experience across the U.S. energy value chain, specializing in domestic midstream strategy and commercial optimization, having held senior commercial leadership roles at Matador Resources and EnLink Midstream.
- Strategic Focus: His appointment reinforces Summit's commitment to disciplined growth, and it is expected that his expertise in developing and executing commercial strategies will support the company's growth initiatives and long-term value creation.
- Business Scope: Summit Midstream focuses on developing and operating midstream energy infrastructure in unconventional resource basins in the U.S., providing gathering, processing, and transportation services for natural gas, crude oil, and produced water primarily through long-term fee-based agreements with customers.
Summit Midstream Corporation Announces Financial and Operational Results for Q3 2025
Financial Performance: Summit Midstream Corporation reported a net income of $5.0 million and adjusted EBITDA of $65.5 million for Q3 2025, with a 7.2% increase in adjusted EBITDA from the previous quarter, driven by higher natural gas volumes in the Rockies segment.
Operational Highlights: The company connected 21 wells in the third quarter and maintained an active customer base with five drilling rigs, while the Double E Pipeline achieved record transportation volumes averaging 745 MMcf/d in September.
Future Outlook: Summit anticipates connecting approximately 50 additional wells in Q4 2025, with over 120 new well connects expected in the first half of 2026, indicating strong customer engagement and growth potential.
Capital and Liquidity: As of September 30, 2025, Summit had $24.6 million in unrestricted cash and $150 million drawn from its $500 million ABL Revolver, maintaining compliance with all financial covenants.
Summit Midstream Corporation Plans Earnings Call for Third Quarter 2025
Earnings Report Announcement: Summit Midstream Corporation will report its third quarter 2025 operating and financial results on November 10, 2025, after market close, followed by a conference call on November 11, 2025, at 10:00 a.m. Eastern.
Investor Conference Participation: SMC's senior management will attend the 2025 Bank of America Leverage Finance Conference and the 2025 Wells Fargo Energy & Power Symposium in December 2025, with presentation materials available on their website.
Company Overview: Summit Midstream Corporation focuses on developing and operating midstream energy infrastructure assets in key unconventional resource basins across the U.S., providing services related to natural gas, crude oil, and produced water.
Forward-Looking Statements: The press release includes forward-looking statements regarding future performance and strategies, which are subject to risks and uncertainties that may cause actual results to differ from projections.
Summit Midstream Reports Reduced Q2 Loss Compared to Last Year, Revenue Increases, Stock Declines
Stock Performance: Summit Midstream Corporation's shares have declined 14.6% since their second-quarter 2025 results, significantly underperforming the S&P 500 index, which grew by 1%.
Financial Results: The company reported a revenue increase to $140.2 million, up 38% year-over-year, but still posted a net loss of $4.2 million, although this was an improvement from the previous year's loss.
Operational Insights: Despite increased throughput volumes and strategic acquisitions, challenges such as commodity price volatility and higher operational costs impacted profitability, leading management to lower adjusted EBITDA guidance for 2025.
Future Outlook: Management remains optimistic about long-term growth due to ongoing contract extensions and successful integration of acquisitions, while anticipating a recovery in performance in 2026 despite current investor caution.
Summit Midstream Corporation Reports Second Quarter 2025 Financial and Operating Results
Financial Performance: Summit Midstream Corporation reported a net loss of $4.2 million for Q2 2025, with adjusted EBITDA of $61.1 million and free cash flow of $9.2 million, while connecting 47 wells and maintaining an active customer base in various basins.
Operational Developments: The company is set to begin a 20-well drilling program in the Arkoma Basin by late 2025, has extended gathering agreements in the Williston Basin, and executed a new agreement for firm capacity on the Double E Pipeline, indicating ongoing growth and strategic expansion efforts.
Under the Radar: From GPUs to Gas Pipelines – The Unseen AI Supply Chain
Artificial Intelligence Energy Demand: The rise of artificial intelligence is leading to a significant increase in energy consumption, with Goldman Sachs predicting a 160% rise in data center power usage by 2030, primarily driven by AI workloads that require stable and scalable baseload power.
Natural Gas as a Solution: Natural gas has emerged as the primary short to medium-term solution for powering AI infrastructure due to its reliability and ability to be deployed quickly, with companies like Summit Midstream Corporation, Antero Midstream, and Epsilon Energy positioned to benefit from this growing demand through long-term Fuel and Gas Supply Agreements.
Summit Midstream Appoints New Chief Commercial Officer
- Executive Appointment: Summit Midstream has announced that Chris Tennant will serve as Senior Vice President and Chief Commercial Officer effective immediately, overseeing the company's commercial strategy and customer relationships to drive long-term growth and enhance shareholder value.
- Extensive Experience: Chris brings over three decades of leadership experience across the U.S. energy value chain, specializing in domestic midstream strategy and commercial optimization, having held senior commercial leadership roles at Matador Resources and EnLink Midstream.
- Strategic Focus: His appointment reinforces Summit's commitment to disciplined growth, and it is expected that his expertise in developing and executing commercial strategies will support the company's growth initiatives and long-term value creation.
- Business Scope: Summit Midstream focuses on developing and operating midstream energy infrastructure in unconventional resource basins in the U.S., providing gathering, processing, and transportation services for natural gas, crude oil, and produced water primarily through long-term fee-based agreements with customers.
Summit Midstream Corporation Announces Financial and Operational Results for Q3 2025
Financial Performance: Summit Midstream Corporation reported a net income of $5.0 million and adjusted EBITDA of $65.5 million for Q3 2025, with a 7.2% increase in adjusted EBITDA from the previous quarter, driven by higher natural gas volumes in the Rockies segment.
Operational Highlights: The company connected 21 wells in the third quarter and maintained an active customer base with five drilling rigs, while the Double E Pipeline achieved record transportation volumes averaging 745 MMcf/d in September.
Future Outlook: Summit anticipates connecting approximately 50 additional wells in Q4 2025, with over 120 new well connects expected in the first half of 2026, indicating strong customer engagement and growth potential.
Capital and Liquidity: As of September 30, 2025, Summit had $24.6 million in unrestricted cash and $150 million drawn from its $500 million ABL Revolver, maintaining compliance with all financial covenants.
Summit Midstream Corporation Plans Earnings Call for Third Quarter 2025
Earnings Report Announcement: Summit Midstream Corporation will report its third quarter 2025 operating and financial results on November 10, 2025, after market close, followed by a conference call on November 11, 2025, at 10:00 a.m. Eastern.
Investor Conference Participation: SMC's senior management will attend the 2025 Bank of America Leverage Finance Conference and the 2025 Wells Fargo Energy & Power Symposium in December 2025, with presentation materials available on their website.
Company Overview: Summit Midstream Corporation focuses on developing and operating midstream energy infrastructure assets in key unconventional resource basins across the U.S., providing services related to natural gas, crude oil, and produced water.
Forward-Looking Statements: The press release includes forward-looking statements regarding future performance and strategies, which are subject to risks and uncertainties that may cause actual results to differ from projections.
Summit Midstream Reports Reduced Q2 Loss Compared to Last Year, Revenue Increases, Stock Declines
Stock Performance: Summit Midstream Corporation's shares have declined 14.6% since their second-quarter 2025 results, significantly underperforming the S&P 500 index, which grew by 1%.
Financial Results: The company reported a revenue increase to $140.2 million, up 38% year-over-year, but still posted a net loss of $4.2 million, although this was an improvement from the previous year's loss.
Operational Insights: Despite increased throughput volumes and strategic acquisitions, challenges such as commodity price volatility and higher operational costs impacted profitability, leading management to lower adjusted EBITDA guidance for 2025.
Future Outlook: Management remains optimistic about long-term growth due to ongoing contract extensions and successful integration of acquisitions, while anticipating a recovery in performance in 2026 despite current investor caution.
Summit Midstream Corporation Reports Second Quarter 2025 Financial and Operating Results
Financial Performance: Summit Midstream Corporation reported a net loss of $4.2 million for Q2 2025, with adjusted EBITDA of $61.1 million and free cash flow of $9.2 million, while connecting 47 wells and maintaining an active customer base in various basins.
Operational Developments: The company is set to begin a 20-well drilling program in the Arkoma Basin by late 2025, has extended gathering agreements in the Williston Basin, and executed a new agreement for firm capacity on the Double E Pipeline, indicating ongoing growth and strategic expansion efforts.
Under the Radar: From GPUs to Gas Pipelines – The Unseen AI Supply Chain
Artificial Intelligence Energy Demand: The rise of artificial intelligence is leading to a significant increase in energy consumption, with Goldman Sachs predicting a 160% rise in data center power usage by 2030, primarily driven by AI workloads that require stable and scalable baseload power.
Natural Gas as a Solution: Natural gas has emerged as the primary short to medium-term solution for powering AI infrastructure due to its reliability and ability to be deployed quickly, with companies like Summit Midstream Corporation, Antero Midstream, and Epsilon Energy positioned to benefit from this growing demand through long-term Fuel and Gas Supply Agreements.
