Summit Midstream Corporation (SMC)
NYSE NYSE Primary 
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All You Need to Know About Summit Midstream (SMC) Rating Upgrade to Buy
Summit Midstream (SMC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Summit Midstream: The Final Steps And Then Growth
Summit Midstream: The Final Steps And Then Growth
Here's Why Summit Midstream (SMC) is Poised for a Turnaround After Losing 17.2% in 4 Weeks
The heavy selling pressure might have exhausted for Summit Midstream (SMC) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Summit Midstream Corporation Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 312 | $9,434.88 | $9,185.28 | -$249.6 | -2.65% |
 Farallon Capital Farallon Capital Management LLC | 58,214 | $2.04M | $1.71M | -$327,162.26 | -16.04% |
 Point72 Asset Management LP Point72 Asset Management LP | 18,441 | $378,778.14 | $543,640.68 | $164,862.54 | 43.52% |
 Joseph Castro Nuveen LLC | 18,955 | $436,096.49 | $557,656.1 | $121,559.61 | 27.87% |
 Drew Garner ARK & TLK INVESTMENTS, LLC | 109,234 | $2.91M | $3.22M | $301,485.84 | 10.34% |
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Summit Midstream Corporation Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | J. Heath Deneke CEO | NYSE Exchange | 86614G101 CUSIP |
| US Country | 296 Employees | 6 Feb 2020 Last Dividend | 10 Nov 2020 Last Split | - IPO Date |
Overview
Summit Midstream Partners, LP, established in 2009 and headquartered in Houston, Texas, specializes in the development, ownership, and operation of midstream energy infrastructure assets. Concentrating primarily on shale formations across the continental United States, the company plays a pivotal role in facilitating the transportation and management of natural gas, crude oil, and water resources. With a diverse portfolio that includes key systems in Ohio, West Virginia, North Dakota, Colorado, and Texas, Summit Midstream Partners caters to a broad spectrum of energy producers, leveraging its strategic asset base to provide essential midstream services. The company is managed by Summit Midstream GP, LLC, which functions as its general partner, underlining a governance structure that supports its expansive operational framework.
Products and Services
- Natural Gas Services:
Summit Midstream Partners offers comprehensive natural gas services including gathering, compression, treating, and processing. These services are designed to optimize the quality and flow rates of natural gas from production points to market destinations, ensuring efficiency and reliability for energy producers.
- Crude Oil and Produced Water Gathering:
The company also specializes in the gathering of crude oil and produced water, facilitating the efficient transport of these substances from wells to processing facilities or disposal sites. This service is essential for maintaining the operational continuity of oil production activities.
- Freshwater Delivery Services:
In addition to handling hydrocarbon resources, Summit Midstream Partners provides freshwater delivery services which are crucial for hydraulic fracturing and other operational needs in the oil and gas production process. This offering underscores the company’s commitment to supporting all facets of energy production.
- Interstate Natural Gas Transmission Pipeline:
Among its key assets, Summit owns the Double E, a 135-mile interstate natural gas transmission pipeline. This strategic infrastructure plays a vital role in transporting natural gas across state lines, highlighting Summit’s contribution to the national energy grid.
- Ownership Interest in Ohio Gathering:
Summit Midstream Partners holds an ownership interest in Ohio Gathering, which operates natural gas gathering and condensate stabilization facilities in the Utica Shale in southeastern Ohio. This partnership allows for an enhanced presence and operational capacity within one of the most prolific shale formations in the United States.
