v3.26.1
EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Components of Earnings Per Share The following table details the components of basic and diluted EPS.
Year ended December 31,
202520242023
(In thousands, except per-share amounts)
Numerator for basic and diluted EPS:
Net loss$(1,906)$(113,175)$(38,947)
Less: Net income attributable to Subsidiary Series A Preferred Units(14,863)(14,806)(12,581)
Net loss attributable to noncontrolling interest10,831 5,822 — 
Net loss attributable Summit Midstream Corporation(5,938)(122,159)(51,528)
Less: Net income attributable to Series A Preferred Stock
(13,631)(13,337)(11,566)
Net loss attributable to common equity holders$(19,569)$(135,496)$(63,094)
Denominator for basic and diluted EPS:
Weighted-average number of shares outstanding – basic
12,133 10,600 10,334 
Effect of nonvested restricted stock units
— — — 
Effect of assumed conversion and elimination of noncontrolling interest net income
— — — 
Weighted-average number of shares outstanding – diluted
12,133 10,600 10,334 
Net Loss per share:
Common Stock – basic
$(1.61)$(12.78)$(6.11)
Common Stock – diluted
$(1.61)$(12.78)$(6.11)
Class B Common Stock – basic and diluted
$— $— $— 
Nonvested anti-dilutive restricted shares excluded from the calculation of diluted EPS
437 546 245 
Class B Common Stock
6,527 592 —