Summit Midstream Corporation Announces $42 Million Equity Issuance to Affiliate of Tailwater Capital [TheStreet.com]
Summit Midstream Corporation (SMC)
Company Research
Source: TheStreet.com
HOUSTON March 31, 2026 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today that it and its subsidiary, Summit Midstream Partners, LP (the "Partnership"), have entered into a securities purchase agreement with an affiliate of Tailwater Capital LLC ("Tailwater"), for a private placement of 1,351,351 shares of the Company's common stock, at a price of $31.08 per share. The investment strengthens Summit's balance sheet and provides capital to fund the Company's strategic growth initiatives and general corporate purposes. "We are pleased to expand our relationship with Tailwater Capital through this equity issuance," said Heath Deneke, President, Chief Executive Officer and Chairman of Summit. "This $42 million investment represents a significant vote of confidence in our company's outlook and provides us with financial flexibility to execute on our current pipeline of high-return growth projects while continuing to make progress
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SMC
News
- Summit Midstream Corporation Announces $42 Million Equity Issuance to Affiliate of Tailwater CapitalPR Newswire
- Summit Midstream: One More Year Of Transition [Seeking Alpha]Seeking Alpha
- Summit Midstream Corp (SMC) Q4 2025 Earnings Call Highlights: Strong Financial Performance Amid ... [Yahoo! Finance]Yahoo! Finance
- Summit Midstream (SMC) Q4 2025 Earnings Transcript [Yahoo! Finance]Yahoo! Finance
- Summit Midstream Corporation Reports Fourth Quarter and Full-Year 2025 Financial and Operating Results, Permian and Rockies Segment Growth Update and Provides Full-Year 2026 GuidancePR Newswire
SMC
Earnings
- 3/16/26 - Miss
SMC
Sec Filings
- 4/13/26 - Form 4
- 4/10/26 - Form ARS
- 4/10/26 - Form DEF
- SMC's page on the SEC website