revenue $155.0M, net income $1.6M. Summit Midstream refinances Permian debt, redeems preferred units, launches up to buyback

Filed August 10, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 11, 2025 · ~2 min read

Key Changes

• high

  Completed $440M Permian Transmission refinancing in March 2026 (SOFR+4.00%, March 2031 maturity), extending debt runway and providing $100M incremental capacity; redeemed all Subsidiary Series A Preferred Units for $143.2M, eliminating recurring distributions.

  MD&A: Capital Structure Transactions verify on EDGAR →
• high

  Board authorized up to $35M share repurchase program in June 2026; repurchased 34,624 shares for $1.0M through quarter-end, leaving $34.0M available. First disclosed buyback program signals capital allocation shift toward shareholder returns.

  Notes: Share Repurchase Program verify on EDGAR →
• high

  Paid $46.3M in March 2026 to settle Series A Preferred Stock dividend arrears from March 2020 through December 2024, clearing multi-year accumulated obligation alongside $4.9M in current-period dividends.

  Notes: Series A Preferred Stock verify on EDGAR →