Summit Midstream Corp
Close on Oct 19, 2026
- Market cap
- $424.58M
- P/E (TTM)
- –
- Dividend yield
- –
About Summit Midstream
Natural Gas Transmission, SIC 4922
Summit Midstream Corporation develops, owns, and operates midstream energy infrastructure assets across core unconventional resource basins in the continental United States. The company provides natural gas gathering, compression, treating, processing, and transmission services, along with crude oil and produced water gathering and freshwater delivery services. Its operations are structured into four active reportable segments: Rockies, Permian, Mid-Con, and Piceance. Key customers include prominent oil and natural gas producers such as ExxonMobil, Chevron, ConocoPhillips, EOG Resources, and TotalEnergies.
The company operates midstream systems across multiple shale basins, including the Williston, Denver-Julesburg, Permian, Barnett, Arkoma, and Piceance basins, with areas of mutual interest covering approximately 5.9 million surface acres across Colorado, North Dakota, Texas, New Mexico, Oklahoma, and Nebraska. Its infrastructure comprises extensive gathering pipelines, processing facilities, and an operating 70 percent equity interest in the 135-mile interstate Double E natural gas pipeline. Summit Midstream Corporation is headquartered in Houston, Texas.
Summary of the business section of Summit Midstream's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Summit Midstream Corp
- Founded
- 2012
- Headquarters
- Houston, TX
- Address
- 910 Louisiana Street, Suite 4200 77002
- Phone
- (832) 413-4770
- Employees
- 296, Dec 31, 2025
- Industry
- Natural Gas Transmission
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- Deloitte & Touche LLP, Houston, Texas
Stock & identifiers
- Ticker
- SMC
- Exchange
- NYSE
- Shares outstanding
- 20M, Aug 7, 2026
- Public float
- $300.29M, Jun 30, 2025
- Filer category
- Accelerated filer
- Stock splits
- 1-for-15 reverse, Nov 10, 2020
- SEC CIK
- 2024218
- CUSIP
- 86614G101
- ISIN
- US86614G1013
- LEI
- 529900DFYEMSMUJH0M68
- EIN
- 00-0000000
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| James David Johnston | Executive VP, GC, CCO and Secy | 75,357 |
| J. Heath Deneke | Chairman, President and CEO | 342,393 |
| Matthew B. Sicinski | Senior VP and CAO | 39,505 |
| William J. Mault | Executive VP and CFO | 87,110 |
| Jerry L. Peters | Director | 16,979 |
| Edward Herring | Director | 1,367,397 |
| Jason H. Downie | Director | – |
| James J. Cleary | Director | 37,004 |
| Carolyn J. Stone | Director | 3,733 |
| Rommel Oates | Director | 26,170 |
| James Lee Jacobe | Director | 45,686 |
| Robert Joseph McNally | Director | 37,004 |
| Rommel M. Oates | Director | 22,437 |
| Marguerite Woung-Chapman | Director | 33,271 |
| Stephen Martin Lipscomb Jr | Director | – |
| Andrew Arthur Winston | Director | – |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr.Deneke | $5.97M | $708.08K | $2.14M | $214 | $310 |
| FY2024 Mr.Deneke | $6.96M | $14.34M | $2.44M | $302 | $303 |
| FY2023 Mr.Deneke | $5.08M | $5.30M | $1.76M | $143 | $207 |
| FY2022 Mr.Deneke | $3.83M | $2.89M | $1.90M | $134 | $178 |
| FY2021 Mr.Deneke | $3.56M | $5.59M | $1.59M | $178 | $137 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, the Company employed 296 people who provide direct, full-time support to our operations.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Mar 14, 2025 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Dec 3, 2024 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Oct 31, 2024 | Merger vote | Definitive merger proxy statement |
| Jun 3, 2024 | Merger | Registration of securities for a merger or exchange offer (S-4) |