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Summit Midstream reports higher 2025 earnings and projects 2026 growth with new contracts and pipeline expansion.
Summit Midstream reported stronger 2025 results with full-year adjusted EBITDA of $243 million, up from $205 million in 2024, driven by growth in its Rockies and Mid-Con segments.
The company expects 2026 adjusted EBITDA between $225 million and $265 million, supported by new long-term contracts, a $440 million term loan refinancing, and expansion of its Double E pipeline.
Capital expenditures are projected at $85 million to $105 million, with $35 million allocated to the Double E joint venture.
The company anticipates growing crude oil and natural gas production, especially in the second quarter, and expects MVC shortfall payments to end in 2026.
Summit Midstream informa ganancias más altas en 2025 y proyecta crecimiento en 2026 con nuevos contratos y expansión de la tubería.