What is Noble Financial’s Estimate for SMC Q2 Earnings?

Summit Midstream Partners, LP (NYSE:SMC) – Analysts at Noble Financial boosted their Q2 2026 earnings per share estimates for shares of Summit Midstream Partners in a research report issued to clients and investors on Thursday, April 2nd. Noble Financial analyst M. Reichman now expects that the company will earn ($0.37) per share for the quarter, up from their prior estimate of ($0.41). Noble Financial currently has a “Outperform” rating and a $47.00 price objective on the stock. Noble Financial also issued estimates for Summit Midstream Partners’ Q3 2026 earnings at ($0.18) EPS and FY2026 earnings at ($1.09) EPS.

Summit Midstream Partners (NYSE:SMC) last posted its quarterly earnings results on Monday, March 16th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.96). The business had revenue of $142.29 million during the quarter, compared to analysts’ expectations of $150.07 million.

A number of other equities analysts have also recently issued reports on SMC. Summit Redstone set a $47.00 price target on Summit Midstream Partners in a report on Thursday, December 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Summit Midstream Partners in a report on Friday, March 27th. Finally, Zacks Research upgraded Summit Midstream Partners to a “hold” rating in a report on Friday, December 19th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $47.00.

Summit Midstream Partners Stock Performance

Shares of Summit Midstream Partners stock traded up $0.09 on Tuesday, reaching $29.06. 34,225 shares of the company’s stock were exchanged, compared to its average volume of 65,135. The company has a market capitalization of $551.17 million, a P/E ratio of -7.98 and a beta of 0.85. Summit Midstream Partners has a 52 week low of $19.13 and a 52 week high of $33.50. The firm’s 50-day moving average is $29.90 and its two-hundred day moving average is $26.25.

Hedge Funds Weigh In On Summit Midstream Partners

A number of large investors have recently modified their holdings of the company. Invesco Ltd. lifted its holdings in shares of Summit Midstream Partners by 0.3% in the 4th quarter. Invesco Ltd. now owns 971,063 shares of the company’s stock worth $25,908,000 after purchasing an additional 2,983 shares in the last quarter. Deltroit Asset Management UK LLP bought a new position in shares of Summit Midstream Partners in the 4th quarter worth $18,864,000. Eagle Global Advisors LLC lifted its holdings in shares of Summit Midstream Partners by 35.3% in the 3rd quarter. Eagle Global Advisors LLC now owns 264,186 shares of the company’s stock worth $5,426,000 after purchasing an additional 68,889 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Summit Midstream Partners by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 238,063 shares of the company’s stock worth $6,353,000 after purchasing an additional 7,497 shares in the last quarter. Finally, ARK & TLK Investments LLC lifted its holdings in shares of Summit Midstream Partners by 99.4% in the 4th quarter. ARK & TLK Investments LLC now owns 223,525 shares of the company’s stock worth $5,964,000 after purchasing an additional 111,441 shares in the last quarter. 42.97% of the stock is currently owned by institutional investors.

Summit Midstream Partners Company Profile

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.