SMC NYSE
Summit Midstream Corp.
1W: +2.8%
1M: +1.0%
3M: +2.0%
YTD: +15.7%
1Y: +38.9%
3Y: +77.5%
5Y: -14.2%
$31.03
-0.27 (-0.86%)
Weekly Expected Move ±5.2%
$28
$30
$31
$33
$34
Credit Risk of going bust: higher than 67% of companies Debt: 74.3% of company value Bonds: $83.6M held by 115 funds, 291 bp over Treasuries → details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $3.62 (down 88%), Summit Midstream Corp. would be worth roughly what it owes.
Total debt $1.24B against a stock market value of $427.7M.
Distance to default 3.62 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $619.0M (short-term plus half of long-term), stock volatility 35.1%; Altman Z'' 0.40. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $3.62 (down 88%), Summit Midstream Corp. would be worth roughly what it owes.
Total debt $1.24B against a stock market value of $427.7M.
Distance to default 3.62 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $619.0M (short-term plus half of long-term), stock volatility 35.1%; Altman Z'' 0.40. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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17 relationships17
As Filer
counterparties named
0
As Counterparty
mentioned by others
4
Rel. Types
2024-10-02
Earliest Filing
2026-04-02
Latest Filing
investor: 7
partner: 4
target: 4
acquirer: 2
Counterparties (Filed by SMC)
17 relationshipsCompanies named in SMC's SEC 8-K filings as business counterparties.
| Counterparty | Ticker | Relationship | Summary | Filing Date | SEC |
|---|---|---|---|---|---|
| Tall Oak Midstream Holdings, LLC | — | investor | Purchased 1,351,351 shares of Summit Midstream Corporation common stock for $42,000,000 | 2026-04-02 | View |
| Connect Midstream, LLC | — | investor | Signatory to Securities Purchase Agreement and Investor and Registration Rights Agreement | 2026-04-02 | View |
| Summit Midstream Partners, LP | SMC | partner | Signatory to Securities Purchase Agreement | 2026-04-02 | View |
| Tailwater Capital LLC | — | investor | Affiliated entity beneficially owning approximately 39% of Summit Midstream Corporation following the transaction | 2026-04-02 | View |
| Fundare Resources Company HoldCo, LLC | — | target | Seller of Moonrise Midstream, LLC equity interests | 2025-03-14 | View |
| Summit Midstream Holdings, LLC | SMC | acquirer | Buyer of Moonrise Midstream, LLC equity interests | 2025-03-14 | View |
| Fundare Resources Company, LLC | — | partner | Guarantor for the purchase agreement obligations | 2025-03-14 | View |
| Moonrise Midstream, LLC | — | target | Target company whose equity interests were acquired | 2025-03-14 | View |
| Tall Oak Midstream Holdings, LLC | — | partner | Contributed equity interests in Tall Oak Opco to Summit Midstream Partners, LP in exchange for cash and securities. | 2024-12-03 | View |
| Tall Oak Midstream Operating, LLC | — | target | Operating subsidiary whose equity interests were contributed to the Partnership. | 2024-12-03 | View |
| Connect Midstream, LLC | — | investor | Received Partnership Units and Class B Common Stock from Tall Oak. | 2024-12-03 | View |
| Tailwater Energy Fund III, LP | — | investor | Entity controlling Connect Midstream, LLC which received securities in the transaction. | 2024-12-03 | View |
| Tall Oak Midstream Investments, LLC | — | investor | Received Partnership Units and Class B Common Stock from Tall Oak. | 2024-12-03 | View |
| Summit Midstream Partners, LP | SMC | partner | Limited partnership receiving equity interests in exchange for cash and Class B common stock | 2024-10-02 | View |
| Tall Oak Midstream Holdings, LLC | — | acquirer | Parent company contributing equity interests in Tall Oak Midstream Operating, LLC to the Partnership | 2024-10-02 | View |
| Tall Oak Midstream Operating, LLC | — | target | Operating subsidiary whose equity interests are being contributed to the Partnership | 2024-10-02 | View |
| Tailwater Capital LLC | — | investor | Entity electing new directors to the Board based on beneficial ownership of issued securities | 2024-10-02 | View |
Recent 8-K Filings (20)
| Filing Date | Description | Type | SEC |
|---|---|---|---|
| 2026-08-10 | Earnings Release; Exhibits | View | |
| 2026-06-10 | Regulation FD | View | |
| 2026-06-01 | Regulation FD; Exhibits | View | |
| 2026-05-12 | Shareholder Vote | View | |
| 2026-05-11 | Earnings Release; Exhibits | View | |
| 2026-04-02 | Material Agreement; Unregistered Equity Sales; Regulation FD; Exhibits | Agreement | View |
| 2026-03-16 | Results of Operations and Financial Condition | View | |
| 2025-12-29 | Departure/Election of Directors; Appointment of Officers | View | |
| 2025-11-10 | Results of Operations and Financial Condition; Financial Statements and Exhibits | View | |
| 2025-08-12 | Results of Operations and Financial Condition; Financial Statements and Exhibits | View | |
| 2025-05-09 | Departure/Election of Directors; Appointment of Officers; Submission of Matters to a Vote of Securit | View | |
| 2025-05-08 | Results of Operations and Financial Condition; Financial Statements and Exhibits | View | |
| 2025-03-24 | Other Events; Financial Statements and Exhibits | View | |
| 2025-03-14 | Entry into Material Definitive Agreement; Completion of Acquisition or Disposition of Assets; Unregi | Agreement Acquisition | View |
| 2025-03-10 | Results of Operations and Financial Condition; Financial Statements and Exhibits | View | |
| 2025-01-10 | Creation of Direct Financial Obligation; Financial Statements and Exhibits | View | |
| 2025-01-08 | Other Events; Financial Statements and Exhibits | View | |
| 2025-01-07 | Other Events; Financial Statements and Exhibits | View | |
| 2024-12-06 | Entry into Material Definitive Agreement; Financial Statements and Exhibits | Agreement | View |
| 2024-12-04 | Financial Statements and Exhibits | View |
Data extracted from SEC EDGAR 8-K filings using NLP. Relationships are as disclosed in filing text.
Covers 2021–2026. View on SEC EDGAR