v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues:      
Total revenues $ 562,091 $ 429,619 $ 458,903
Costs and expenses:      
Cost of natural gas and NGLs $ 149,139 $ 114,996 $ 112,462
Type of Cost, Good or Service [Extensible List] Natural Gas Liquids (NGL) [Member] Natural Gas Liquids (NGL) [Member] Natural Gas Liquids (NGL) [Member]
Operation and maintenance $ 149,139 $ 100,968 $ 100,741
General and administrative 61,018 55,562 42,135
Depreciation and amortization 114,159 100,647 122,764
Transaction costs 4,900 30,956 1,251
Acquisition integration costs 8,143 165 2,654
(Gain) loss on asset sales, net 486 1 (260)
Long-lived asset impairment 2,725 68,260 540
Total costs and expenses 489,709 471,555 382,287
Other income, net 783 4,188 865
Gain (loss) on interest rate swaps (1,037) 4,127 1,830
Gain (loss) on sale of business (582) 82,187 (47)
Gain on sale of equity method investment 0 126,261 0
Interest expense (94,737) (115,446) (140,784)
Loss on early extinguishment of debt 0 (50,075) (10,934)
Income from equity method investees 20,784 24,197 33,829
Income (loss) before income taxes (2,407) 33,503 (38,625)
Income tax benefit (expense) 501 (146,678) (322)
Net loss (1,906) (113,175) (38,947)
Less: Net income attributable to Subsidiary Series A Preferred Units (14,863) (14,806) (12,581)
Less: Net income attributable to Series A Preferred Stock (13,631) (13,337) (11,566)
Add: Net loss attributable to noncontrolling interest 10,831 5,822 0
Net loss attributable to Summit Midstream Corporation $ (19,569) $ (135,496) $ (63,094)
Net loss per share:      
Common stock - basic (in dollars per share) $ (1.61) $ (12.78) $ (6.11)
Common stock - diluted (in dollars per share) $ (1.61) $ (12.78) $ (6.11)
Weighted-average number of shares outstanding:      
Common stock - basic (in shares) 12,133 10,600 10,334
Common stock - diluted (shares) 12,133 10,600 10,334
Gathering services and related fees      
Revenues:      
Total revenues $ 255,677 $ 200,844 $ 248,223
Natural gas, NGLs and condensate sales      
Revenues:      
Total revenues 265,059 195,027 179,254
Other revenues      
Revenues:      
Total revenues $ 41,355 $ 33,748 $ 31,426