Summit Midstream Partners
Summit Midstream Corporation (NYSE: SMC) is a Houston-based midstream energy company that owns and operates over 2,200 miles of natural gas, crude oil, and produced water gathering and processing infrastructure across major US shale basins, serving upstream producers under long-term fee-based contracts with minimum volume commitments.
- Company typePublic
- Founded2009
- HeadquartersDallas, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Summit Midstream Partners does
Summit Midstream Corporation (NYSE: SMC) is a Houston-headquartered midstream energy infrastructure company that owns and operates gathering, processing, and transportation systems for natural gas, crude oil, and produced water across seven core asset systems in five-plus unconventional US basins — Polar & Divide (Williston), Niobrara G&P (DJ Basin), Grand River (Piceance), Arkoma G&P (Oklahoma, acquired 2024), DFW Midstream (Fort Worth/Barnett), Mountaineer Midstream (Appalachian/Marcellus), and a 70% operated interest in the Double E Pipeline JV with ExxonMobil (Delaware Basin to Waha Hub). The portfolio spans more than 2,200 miles of pipeline plus processing plants including the two 220 MMcf/d Arkoma facilities.
The company serves upstream exploration and production customers under long-term, fee-based gathering agreements featuring areas of mutual interest (AMIs) and minimum volume commitments (MVCs), which provide recurring, contractually underpinned revenue and limit direct commodity price exposure. The Double E Pipeline sells interstate transportation under 10–20-year firm transportation agreements, with capacity expanding from approximately 1.9 Bcf/d toward over 2.4 Bcf/d by 2028. Customer relationships are managed through enterprise field-sales teams targeting natural gas, crude oil, and produced water producers in core shale plays.
Summit Midstream was founded in 2009, IPO'd as a master limited partnership in September 2012 under ticker SMLP, and converted to a C-corporation in August 2024 (re-ticker SMC). It has scaled through both organic development and acquisitions, including the $450 million Tall Oak Midstream III acquisition in October 2024 and the $90 million Moonrise Midstream acquisition in March 2025. In 2025 the company generated full-year Adjusted EBITDA of $242.6 million (up 18.6% YoY) with $54.3 million of free cash flow, and issued 2026 Adjusted EBITDA guidance of $225–$265 million.
Summit Midstream Partners firmographics
Firmographics- Name
- Summit Midstream Partners
- Legal name
- Summit Midstream Corporation
- Website
- https://summitmidstream.com
- Company type
- Public
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Summit Midstream Corporation (NYSE: SMC) is a Houston-based midstream energy company that owns and operates over 2,200 miles of natural gas, crude oil, and produced water gathering and processing infrastructure across major US shale basins, serving upstream producers under long-term fee-based contracts with minimum volume commitments.
- Ownership category
- akta.pro rank
Summit Midstream Partners industry classification
Industry- Product category
- Midstream Energy Infrastructure
- NAICS
- Pipeline Transportation of Natural Gas (486210), Pipeline Transportation of Natural Gas (4862), Pipeline Transportation of Crude Oil (4861), Other Pipeline Transportation (4869)
- SIC
- Natural Gas Transmission (4922), Oil & Gas Field Services, Nec (1389), Pipe Lines (No Natural Gas) (4610), Wholesale-Petroleum Bulk Stations & Terminals (5171)
- akta.pro primary industry
- Gas Pipeline & Midstream Asset Management (EUAEAMAF)
- akta.pro secondary industries
- Pipeline Operations, Integrity & Control (SCADA, Pigging, Leak Detection) (EUALADAK), Oil & Gas Midstream & Pipeline O&M (Pipelines, Compressor Stations) (EUAEAGAF), Midstream Commercial Services (Capacity Marketing, Balancing & Scheduling) (EUAAACAL), Gas Metering, Measurement & Custody Transfer (EUAAACAJ), Pipeline & Marine Transportation Brokerage / Scheduling (Nominations, Dispatch) (EUALADAM)
Keywords
Where Summit Midstream Partners is headquartered
LocationHeadquarters
- HQ city
- Dallas
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Summit Midstream Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D
Revenue model
- Fee-Based Gathering Agreements: The company generates a substantial majority of its revenue under long-term, fee-based gathering agreements with customers. These agreements are typically underpinned by areas of mutual interest (AMIs) and minimum volume commitments (MVCs). The fee-based nature enhances cash flow stability and limits direct commodity price exposure.
- Pipeline Transportation Services: Revenue from interstate natural gas transportation services on the Double E Pipeline, operating under long-term firm transportation agreements with shippers. Capacity commitments typically range from 10-20 years under take-or-pay contracts.
- Processing Services: Natural gas processing services at company-owned processing plants including the two 220 MMcf/d facilities in the Arkoma Basin and other gathering systems.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels3 records
Summit Midstream Partners product offering
Product offeringCore offering
Summit Midstream owns and operates midstream energy infrastructure providing natural gas, crude oil, and produced water gathering, processing, and transportation services to upstream energy producers across five unconventional resource basins in the continental United States. The portfolio includes seven core gathering and processing systems and a 70% interest in the Double E interstate natural gas pipeline. Services are delivered under long-term fee-based agreements with minimum volume commitments.
Product overview
Summit Midstream Corporation operates as a midstream energy infrastructure company providing natural gas, crude oil, and produced water gathering, processing, and transportation services across five unconventional resource basins in the continental United States. The company's portfolio consists of seven core gathering and processing systems: Polar & Divide (Williston Basin), Niobrara G&P (DJ Basin), Grand River (Piceance Basin), Arkoma G&P (Arkoma Basin), DFW Midstream (Fort Worth/Barnett Basin), and Mountaineer Midstream (Appalachian/Marcellus), along with a joint venture interest in the Double E interstate natural gas pipeline serving the Permian/Delaware Basin. The company generates the majority of its revenue under long-term, fee-based gathering agreements with minimum volume commitments, providing stable cash flows with limited direct commodity price exposure.
Differentiator
Problem solved
Functional benefit
Products and services
- Polar & Divide System Crude oil gathering system serving the Williston Basin in North Dakota, operating approximately 75 Mbbl/d throughput with delivery points to Aux Sable's Palermo Plant, Dakota Access Pipeline, Colt Hub, Global Partners Basin Transload Rail Terminal, Enbridge's North Dakota Pipeline System, and third-party saltwater disposal wells. Targets the Bakken and Three Forks Shales.
- Niobrara G&P System Gas gathering and processing system serving the DJ Basin in Colorado and Wyoming, targeting the Niobrara and Codell shale formations. Provides natural gas gathering and processing services to upstream producers in the DJ Basin.
- Grand River System Gas gathering system serving the Piceance Basin in Colorado, targeting the Mesaverde, Mancos, and Niobrara shale formations with approximately 289 MMcf/d average daily throughput. Provides gas gathering and processing services to upstream producers in the Piceance Basin.
- Double E Pipeline Interstate natural gas transmission pipeline providing transportation service from multiple receipt points in the Delaware Basin to various delivery points in and around the Waha Hub in Texas. Joint venture with ExxonMobil as operator, with approximately 549 MMcf/d average daily throughput and planned expansion to over 2.4 Bcf/d by 2028.
- Arkoma G&P System Gas gathering and processing system acquired through the Tall Oak Midstream III transaction, serving the Arkoma Basin in Oklahoma with Woodford and Caney Shale formations. Features two 220 MMcf/d processing plants and approximately 476 miles of gathering lines.
- DFW Midstream System Gas gathering system serving the Fort Worth Basin (Barnett Shale) in Texas with approximately 202 MMcf/d average daily throughput and delivery points including Line X, Old Ocean Pipeline, and Trinity River Lateral Pipeline.
- Mountaineer Midstream Gas gathering system serving the Appalachian Basin (Marcellus Shale) in the Northeast segment with approximately 304 MMcf/d average daily throughput and delivery points to MPLX's Sherwood Processing Complex.
Quantifiable outcome
- Full-year 2025 Adjusted EBITDA of $242.6 million, up 18.6% from $204.6 million in 2024
- +2 more outcomes
Companies that use Summit Midstream Partners
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Summit Midstream Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Summit Midstream Partners partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- ExxonMobilcoreSummit Midstream operates the Double E Pipeline joint venture with ExxonMobil. The pipeline provides interstate natural gas transportation from multiple receipt points in the Delaware Basin to delivery points around the Waha Hub in Texas. Summit holds 70% interest and operates the pipeline, while ExxonMobil is a significant partner and shipper.
Scale indicators9 records
Recent moves7 records
Expansion highlights5 records
Summit Midstream Partners competitors and assessment
Company assessmentDirect peers
- EnLink Midstream: Large-scale midstream operator providing natural gas and crude oil gathering, processing, and transportation services across multiple US basins. Directly comparable business model with fee-based contracts and long-haul pipeline operations; new CCO Chris Tennant was previously at EnLink.
- Crestwood Equity Partners: Midstream partnership operating gathering, processing, and transportation assets across the Bakken, Delaware, Powder River, and other basins. Highly comparable fee-based model; Summit CEO Heath Deneke was previously COO at Crestwood, indicating tight operational overlap.
- Antero Midstream: Gas-focused midstream MLP serving the Appalachian Basin with gathering, compression, and water services. Comparable long-term, fee-based structure with producer minimum volume commitments, though concentrated in a single basin.
- Equitrans Midstream: Natural gas gathering and transmission operator in the Appalachian Basin, with the multi-billion-dollar Mountain Valley Pipeline. Comparable in natural gas pipeline operations and fee-based revenue model, though materially larger.
- DCP Midstream: One of the largest US natural gas gatherers and processors, operating across the Permian, Mid-Continent, and Gulf Coast. Direct overlap in gas gathering and processing services with comparable contract structures and customer base.
- Targa Resources: Major midstream operator with Permian gas gathering/processing and downstream NGL operations. Comparable gas gathering footprint and processing plant model, though with greater downstream/NGL integration than Summit.
- Western Midstream Partners: Gas-focused midstream operator serving Permian, DJ, and other basins, with significant Occidental Petroleum anchor. Comparable fee-based gathering and processing model with multi-basin diversification.
- MPLX: Large diversified midstream MLP gathering, processing, and transporting natural gas and NGLs. Comparable in scale and asset types, with overlapping Appalachian and Marcellus footprint (Mountaineer Midstream connects to MPLX's Sherwood Processing Complex).
Broad incumbents
- ONEOK Partners: Large-cap midstream incumbent with natural gas gathering/processing and NGL operations across multiple basins. Overlapping capabilities but operates at substantially greater scale and broader geographic footprint than Summit.
- Kinder Morgan: Largest US midstream operator with extensive natural gas, CO2, and products pipelines. Overlaps with Summit in gas transportation and gathering, but operates at vastly larger scale across the entire energy value chain.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Summit Midstream Partners social profiles
Digital presenceSummit Midstream Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Summit Midstream Partners leadership team
Management profileNumber of profiles
Profiles16 records
Summit Midstream Partners subsidiaries and ownership
Company hierarchySubsidiaries1 record
Summit Midstream Partners funding detail
Funding detailFunding overview
Funding rounds6 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Summit Midstream Partners M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Summit Midstream Partners
What does Summit Midstream Partners do?
Summit Midstream owns and operates midstream energy infrastructure providing natural gas, crude oil, and produced water gathering, processing, and transportation services to upstream energy producers across five unconventional resource basins in the continental United States. The portfolio includes seven core gathering and processing systems and a 70% interest in the Double E interstate natural gas pipeline. Services are delivered under long-term fee-based agreements with minimum volume commitments.
Is Summit Midstream Partners a public or private company?
Summit Midstream Partners is a public company. It is classified as public and is currently operating.
When was Summit Midstream Partners founded?
Summit Midstream Partners was founded in 2009. It employs 251 to 500 people.
Where is Summit Midstream Partners based?
Summit Midstream Partners is headquartered in Dallas, United States, in the North America region.
How does Summit Midstream Partners make money?
Three revenue lines are on record. Fee-Based Gathering Agreements are the primary driver. The others are pipeline Transportation Services and processing Services.
Who are Summit Midstream Partners's main competitors?
Direct peers on record are EnLink Midstream, Crestwood Equity Partners, Antero Midstream, Equitrans Midstream, DCP Midstream, Targa Resources, Western Midstream Partners and MPLX. Broad incumbents are ONEOK Partners and Kinder Morgan.
Does Summit Midstream Partners have an API?
No public API is recorded for Summit Midstream Partners.
What industry is Summit Midstream Partners in?
Summit Midstream Partners's product category is Midstream Energy Infrastructure. Its primary akta.pro industry code is EUAEAMAF, Gas Pipeline & Midstream Asset Management, with a secondary code of EUALADAK, Pipeline Operations, Integrity & Control (SCADA, Pigging, Leak Detection). Its NAICS code is 486210 and its SIC code is 4922.