Summit Midstream (SMC) Q4 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, March 17, 2026 astatine 10:19 AM CDT 32 min read

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Tuesday, March 17, 2026 astatine 10 a.m. ET

• President, Chief Executive Officer, and Chairman — J. Heath Deneke

• Chief Financial Officer — William J. Mault

• Chief Commercial Officer — Chris Tennant

• Managing Director, Investor Relations — Randall Burton

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Randall Burton: Thanks, Operator, and bully morning, everyone. If you bash not already person a transcript of our net merchandise and presentation, delight sojourn our website astatine www.summitmidstream.com, wherever you volition find it connected the homepage, Events and Presentations section, oregon Quarterly Results section. With maine contiguous to sermon our 4th fourth and afloat twelvemonth 2025 fiscal and operating results are J. Heath Deneke, our President, Chief Executive Officer and Chairman; William J. Mault, our Chief Financial Officer; and Chris Tennant, our Chief Commercial Officer, on with different members of our elder absorption team. Before we start, I would similar to punctual you that our treatment contiguous whitethorn incorporate forward-looking statements.

These statements whitethorn include, but are not constricted to, our estimates of aboriginal volumes, operating expenses, and superior expenditures. They whitethorn besides see statements concerning anticipated currency flow, liquidity, concern strategy, and different plans and objectives for aboriginal operations. Although we judge that the expectations reflected successful specified forward-looking statements are reasonable, we tin supply nary assurance that specified expectations volition beryllium to beryllium correct. Please spot Summit Midstream Corp.'s Annual Report connected Form 10-K for the fiscal twelvemonth ended 12/31/2025, which the institution filed with the SEC connected 03/16/2026, arsenic good arsenic our different SEC filings, for a listing of factors that could origin existent results to disagree materially from expected results.

Please besides enactment that connected this call, we usage the presumption EBITDA, conception adjusted EBITDA, adjusted EBITDA, distributable currency flow, and escaped currency flow. These are non-GAAP fiscal measures, and we person provided reconciliations to the astir straight comparable GAAP measures successful our astir caller net release. And with that, I volition crook the telephone implicit to Heath.

J. Heath Deneke: Great. All right. Well, thanks, Randall, and bully morning, everyone. I wanted to commencement this greeting by introducing you to a caller dependable you volition perceive connected the telephone today. Chris Tennant, who joined Summit Midstream Corp. successful February arsenic our Chief Commercial Officer, is joining us. Chris brings much than 3 decades of acquisition crossed the oil, earthy gas, and NGL worth chain, and helium volition beryllium starring our commercialized enactment going forward. Chris has deed the crushed moving since joining the squad and is already making a beardown interaction crossed the organization. I americium excited to person him present and look guardant to the contributions helium volition marque arsenic we proceed executing connected Summit Midstream Corp.'s maturation strategy.