revenue $139.1M, net income -$5.3M. Summit refinances Permian debt, redeems preferred units

Filed May 11, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 12, 2025 · ~1 min read

Key Changes

• high

  Completed refinancing of Permian transmission facilities at SOFR+4.00%, extending maturity to 2031 and providing delayed-draw capacity plus uncommitted incremental facility for growth.

  MD&A: Permian Refinancing verify on EDGAR →
• high

  Redeemed all Subsidiary Series A Preferred Units and paid in accumulated unpaid dividends dating back to March 2020, simplifying capital structure and clearing five years of arrears.

  MD&A: Preferred Redemption verify on EDGAR →
• high

  Issued 1.35M shares to related party Tall Oak Parent for net proceeds (6-month lockup), increasing Tall Oak's ownership stake to 32% of SMLP partnership units.

  MD&A: Equity Issuance verify on EDGAR →