| EARNINGS PER SHARE |
12. EARNINGS PER SHARE The following table details the components of EPS. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | (In thousands, except
per-share amounts) | | (In thousands, except
per-share amounts) | | Numerator for basic and diluted EPS: | | | | | | | | | Net income (loss) | $ | (4,228) | | | $ | (23,778) | | | $ | 406 | | | $ | 109,149 | | | Less: Net income attributable to Subsidiary Series A Preferred Units | (3,679) | | | (3,866) | | | (7,271) | | | (7,636) | | | Less: Net income attributable to Series A Preferred Stock | (3,101) | | | (3,313) | | | (7,019) | | | (6,533) | | | Add: Net loss attributable to noncontrolling interest | 2,980 | | | — | | | 3,969 | | | — | | | Net income (loss) attributable to Summit Midstream Corporation | $ | (8,028) | | | $ | (30,957) | | | $ | (9,915) | | | $ | 94,980 | | | | | | | | | | | Denominator for basic and diluted EPS: | | | | | | | | | Weighted-average number of shares outstanding – basic | 12,241 | | | 10,649 | | | 12,005 | | | 10,549 | | | Effect of nonvested restricted stock units | — | | | — | | | — | | | 532 | | | Effect of assumed conversion and elimination of noncontrolling interest and net income | — | | | — | | | — | | | — | | | Weighted-average number of shares outstanding – diluted | 12,241 | | | 10,649 | | | 12,005 | | | 11,081 | | | | | | | | | | | Net income (loss) per share: | | | | | | | | | Common Stock – basic | $ | (0.66) | | | $ | (2.91) | | | $ | (0.83) | | | $ | 9.00 | | | Common Stock – diluted | $ | (0.66) | | | $ | (2.91) | | | $ | (0.83) | | | $ | 8.57 | | | Class B Common Stock - basic and diluted | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | | | | | | | Nonvested anti-dilutive restricted shares excluded from the calculation of diluted EPS | 551 | | | — | | | 500 | | | 19 | | | Class B Common Stock | 6,524 | | | — | | | 6,530 | | | — | |
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