Summit Midstream Partners (SMC) Expected to Announce Earnings on Monday

Key Points

• Summit Midstream Partners will report Q1 2026 results after the market close on Monday, May 11; analysts expect EPS of ($0.49) and revenue of $139.877 million, with an earnings call set for Tuesday, May 12 at 10:00 AM ET.
• The company recently missed estimates—posting ($0.66) EPS and $142.29M revenue in the prior quarter versus consensus of $0.30 and $150.07M—and analysts forecast about -$1 EPS for the current fiscal year and $1 for the next.
• Shares traded at $31.84 (down $0.37) with a market cap of $603.9M; Wall Street’s average rating is "Hold" (target $47) and roughly 43% of the stock is held by institutional investors, many of whom have recently increased stakes.

Summit Midstream Partners (NYSE:SMC - Get Free Report) is projected to issue its Q1 2026 results after the market closes on Monday, May 11th. Analysts expect Summit Midstream Partners to post 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 - Get Free Report) last posted its quarterly earnings results on Monday, March 16th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.96). The business had revenue of $142.29 million for the quarter, compared to analyst estimates 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 Performance

Shares of Summit Midstream Partners stock traded down $0.37 during trading hours on Monday, reaching $31.84. 20,103 shares of the company were exchanged, compared to its average volume of 60,135. The firm has a market cap of $603.91 million, a PE ratio of -8.78 and a beta of 0.83. Summit Midstream Partners has a 1 year low of $19.13 and a 1 year high of $33.50. The stock's fifty day moving average is $30.24 and its 200 day moving average is $27.26.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated 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 given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Summit Midstream Partners has an average rating of "Hold" and an average target price of $47.00.

Institutional Investors Weigh In On Summit Midstream Partners

A number of large investors have recently modified their holdings of SMC. Millennium Management LLC lifted its position in shares of Summit Midstream Partners by 320.2% during the 1st quarter. Millennium Management LLC now owns 204,265 shares of the company's stock worth $6,923,000 after purchasing an additional 155,655 shares during the last quarter. Geode Capital Management LLC increased its holdings in Summit Midstream Partners by 138.5% in the second quarter. Geode Capital Management LLC now owns 231,443 shares of the company's stock valued at $5,678,000 after buying an additional 134,388 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Summit Midstream Partners by 36.5% in the fourth 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 in the last quarter. Algert Global LLC acquired a new stake in Summit Midstream Partners in the third quarter valued at $938,000. Finally, Jane Street Group LLC lifted its holdings in 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 buying an additional 24,699 shares during the last quarter. 42.97% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.