Summit Midstream Corp 2026年季度报告

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549Form10-Q (Mark One) For the quarterly period endedJune 30, 2026 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromtoCommission file number:001-42201 Summit Midstream Corporation (Exact name of registrant as specified in its charter) (832)413-4770 Not applicable (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growthcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of theExchange Act. Large accelerated filer☐Non-accelerated filer☐Emerging growth company☐ Accelerated filer Smaller reporting company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐YesNo Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. TABLE OF CONTENTS COMMONLY USED OR DEFINED TERMS2PART IFINANCIAL INFORMATIONItem 1.Financial Statements.Unaudited Condensed Consolidated Balance Sheets.6Unaudited Condensed Consolidated Statements of Operations.7Unaudited Condensed Consolidated Statements of Equity.8Unaudited Condensed Consolidated Statements of Cash Flows.9Notes to Unaudited Condensed Consolidated Financial Statements.10Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations.28Item 3.Quantitative and Qualitative Disclosures about Market Risk.49Item 4.Controls and Procedures.49PART IIOTHER INFORMATION50Item 1.Legal Proceedings.50Item 1A.Risk Factors.51Item 2.Unregistered Salesof Equity Securities and Use of Proceeds.52Item 3.DefaultsUpon Senior Securities.52Item 4.Mine Safety Disclosure.52Item 5.Other Information.52Item 6.Exhibits.53SIGNATURES54 COMMONLY USED OR DEFINED TERMS SUMMIT MIDSTREAM CORPORATION AND SUBSIDIARIESUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS SUMMIT MIDSTREAM CORPORATION AND SUBSIDIARIESUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF EQUITY SUMMIT MIDSTREAM CORPORATION AND SUBSIDIARIESUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS SUMMIT MIDSTREAM CORPORATION AND SUBSIDIARIESNOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1. ORGANIZATION, BUSINESS OPERATIONS, AND PRESENTATION AND CONSOLIDATION Organization.Summit Midstream Corporation (including its subsidiaries, collectively the “Company”) was incorporated under thelaws of the State of Delaware on May 14, 2024, for the purpose of effecting the reorganization (the “Corporate Reorganization”) ofSummit Midstream Partners, LP, a Delaware master limited partnership (“SMLP”), in which the Company was incorporated to serveas the new parent holding company of SMLP. The Company’s common stock, par value $0.01 per share (“common stock”), is listed onthe New York Stock Exchange (“NYSE”) under the ticker symbol “SMC.” For all periods presented, the Company has operated in anUp-C tax structure, with the Company owning SMLP alongside holders of a noncontrolling limited partnership interest. The Company is a value-oriented company focused on developing, owning, and operating midstream energy infrastructure assets thatare strategically located in the core producing areas of unconventional resource basins, primarily shale formations in the continentalU.S. The Company’s business activities are primarily conducted through various operating subsidiaries, each of which is owned orcontrolled by its subsidiary holding company, Summit Midstream Holdings, LLC, a Delaware limited liability company (“SummitHoldings”). Business Operations.The Company provides natural gas gathering, compression, treating, and processing services as well as crude oiland produced water gathering