Summit Midstream Partners (SMC) to Release Quarterly Earnings on Monday

Summit Midstream Partners (NYSE:SMC) is expected to announce its Q1 2026 results after the market closes on Monday, May 11th. Analysts expect the company to announce earnings of ($0.49) per share and revenue of $139.8770 million for the quarter. Individuals are encouraged to explore the company’s upcoming Q1 2026 earning overview page for the latest details on the call scheduled for Tuesday, May 12, 2026 at 10:00 AM ET.

Summit Midstream Partners (NYSE:SMC) last released its quarterly earnings results on Monday, March 16th. The company reported ($0.66) 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 the consensus estimate of $150.07 million. On average, analysts expect Summit Midstream Partners to post $-1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Summit Midstream Partners Stock Down 1.9%

SMC stock opened at $29.87 on Friday. The firm has a 50 day moving average of $30.36 and a 200 day moving average of $27.49. The stock has a market capitalization of $566.54 million, a PE ratio of -8.20 and a beta of 0.83. Summit Midstream Partners has a 52 week low of $19.13 and a 52 week high of $33.50.

Hedge Funds Weigh In On Summit Midstream Partners

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SMC. Millennium Management LLC boosted its holdings in Summit Midstream Partners by 320.2% in the 1st quarter. Millennium Management LLC now owns 204,265 shares of the company’s stock worth $6,923,000 after buying an additional 155,655 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Summit Midstream Partners by 138.5% during the 2nd quarter. Geode Capital Management LLC now owns 231,443 shares of the company’s stock valued at $5,678,000 after acquiring an additional 134,388 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Summit Midstream Partners by 36.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 200,926 shares of the company’s stock valued at $5,361,000 after buying an additional 53,733 shares during the period. Algert Global LLC purchased a new position in Summit Midstream Partners in the third quarter worth approximately $938,000. Finally, Jane Street Group LLC grew its holdings in shares of Summit Midstream Partners by 243.0% during the 1st quarter. Jane Street Group LLC now owns 34,862 shares of the company’s stock worth $1,181,000 after purchasing an additional 24,699 shares during the period. 42.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

About Summit Midstream Partners

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.