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Summit Utilities, Inc.

Full company profile

uuid003x28r

Namestring
Summit Utilities, Inc.
Legal namestring
Summit Utilities, Inc.
Websiteurl
summitutilitiesinc.com
Company typeenum
Private
Founded yearint
1996
Descriptiontext

Summit Utilities, Inc. is a privately held natural gas distribution holding company founded in 1996 and headquartered in Littleton, Colorado. Through its regional operating subsidiaries — Summit Utilities Arkansas, Arkansas Oklahoma Gas (AOG), Summit Natural Gas of Maine, Summit Natural Gas of Missouri, Colorado Natural Gas, and the Peaks Renewables renewable natural gas subsidiary — Summit owns and operates approximately 17,000 miles of pipeline serving roughly 525,000 residential, commercial, and industrial customers across 450 communities in Arkansas, Oklahoma, Colorado, Maine, and Missouri. The business model is that of a regulated local distribution company: revenue is earned through rates approved by state public utility commissions based on a permitted rate base and authorized operating cost recovery, with customers billed a fixed monthly charge plus per-unit (therm/ccf) distribution charges.

Short descriptiontext

Summit Utilities is a privately held, multi-state natural gas distribution holding company operating approximately 17,000 miles of pipeline and serving roughly 525,000 residential, commercial, and industrial customers across Arkansas, Oklahoma, Colorado, Maine, and Missouri under regulated utility franchises.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersLittleton, United States
HQ citystring
Littleton
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices6 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
natural gas distribution, regulated utility services, gas pipeline operations, residential gas supply, renewable natural gas
Industry3 codes
1Regulated Natural Gas Utility (LDC) Customer Acquisition & Switching
CodeEUAAADAAPrimaryYes
2Gas Mains (Distribution Pipelines)
CodeEUAJABAAPrimaryNo
3Network Construction, Replacement & Uprates (Capex Programs)
CodeEUAJABALPrimaryNo
NAICS code5 codes
  • Natural Gas Distribution22121
  • Natural Gas Distribution2212
  • Natural Gas Distribution221210
  • Pipeline Transportation of Natural Gas48621
  • Utilities22
SIC code2 codes
  • Natural Gas Distribution4924
  • Natural Gas Transmisison & Distribution4923
Product category
Natural Gas Distribution Utilities
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Natural Gas Distribution Services
TypeSubscription Recurring
Description

Summit Utilities generates revenue primarily through the regulated distribution of natural gas to residential, commercial, and industrial customers across its service territories in Arkansas, Oklahoma, Colorado, and Maine. Revenue is derived from regulated utility rates approved by state public utility commissions, based on investment in infrastructure (rate base) and operating costs.

summitutilitiesinc.com
Marketing channels1 record

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Operations, Infrastructure, Supply Chain, Personnel, Marketing or Sales, Technology or R&D
GTM typeB2C
B2C
Offering typeServices
Services
Brand1 of 6 records shown
1Summit Utilities Arkansas (SUMMIT)
Description

Natural gas distribution operations in Arkansas

summitutilitiesinc.com
+5 more records
Core offering1 text field

Summit Utilities owns and operates regulated natural gas distribution networks serving approximately 525,000 residential, commercial, and industrial customers across Arkansas, Oklahoma, Colorado, Maine, and Missouri through about 17,000 miles of pipeline. The company also operates Peaks Renewables, a subsidiary focused on renewable natural gas initiatives.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Summit Utilities, Inc. is a natural gas utility holding company operating a multi-state distribution network through several regional sub-brands. The company provides natural gas distribution services to approximately 525,000 customers across Arkansas, Oklahoma, Maine, and Colorado, serving 450 communities through 17,000 miles of pipeline infrastructure. The portfolio includes Summit Natural Gas, Colorado Natural Gas, Summit Natural Gas Maine, Arkansas Oklahoma Gas (AOG), and Peaks Renewables (renewable natural gas initiatives). The company also operates a community engagement program called Summit Cares Grants supporting nonprofit organizations in their service territories.

Product and service2 records
1Natural Gas Distribution Services
CategoryUtility Services
Description

Regulated natural gas distribution service delivering natural gas to approximately 525,000 residential, commercial, and industrial customers across Arkansas, Oklahoma, Colorado, Maine, and Missouri through approximately 17,000 miles of pipeline infrastructure. Customers are served under rate schedules approved by state public utility commissions.

2Renewable Natural Gas (Peaks Renewables)
CategoryRenewable Energy
Description

Renewable natural gas (RNG) initiatives operated through Peaks Renewables, a wholly owned subsidiary of Summit Utilities based in Boulder, Colorado, focused on advancing lower-carbon natural gas solutions.

Scale indicator7 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
1CenterPoint Energy, Inc.
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2021-04-29
Description

Summit Utilities agreed to acquire the Arkansas and Oklahoma gas distribution assets of CenterPoint Energy, Inc. for $2.15 billion, serving approximately 525,000 customers with 17,000 miles of pipeline. The acquisition aimed to expand Summit's service territory and capacity in Arkansas and Oklahoma, with closing expected by the end of 2021 after regulatory approvals. Richard Leger, later appointed as SVP of Operations at Summit (March 2026), most recently served as senior vice president of the natural gas business at CenterPoint Energy.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
1Black Hills Corporation
TypeBroad incumbent
Description

Diversified utility holding with regulated natural gas distribution across multiple states plus electric utilities. Comparable as a multi-state regulated gas utility operator with similar rate base growth model.

2Spire Inc.
TypeDirect peer
Description

Natural gas distribution utility serving ~1.7M customers across Missouri, Alabama, and Mississippi. Direct comparable to Summit's Missouri and broader multi-state gas distribution footprint.

3Atmos Energy Corporation
TypeDirect peer
Description

Largest US natural gas-only distribution utility serving ~3M customers across Texas, Louisiana, Mississippi, Colorado, Kentucky, Tennessee, Virginia, and other states. Comparable to Summit's multi-state regulated gas distribution model and Colorado overlap.

4Northwest Natural Holding Company
TypeDirect peer
Description

Natural gas distribution utility serving ~770K customers in Oregon, Washington, and Idaho with significant renewable natural gas initiatives. Comparable to Summit on regulated LDC operations and RNG strategy via Peaks Renewables.

5National Fuel Gas Company
TypeDirect peer
Description

Integrated natural gas company with regulated distribution serving ~740K customers in Pennsylvania and New York, plus pipeline and exploration. Comparable to Summit on the regulated gas distribution segment.

6Chesapeake Utilities Corporation
TypeDirect peer
Description

Natural gas distribution and transmission utility serving ~200K customers across Delaware, Maryland, Florida, and Pennsylvania. Smaller-scale regulated gas distribution peer with similar operating model.

7CenterPoint Energy
TypeDirect peer
Description

Large US utility holding company that sold its Arkansas/Oklahoma gas distribution assets to Summit for $2.15B in 2021. Direct comparable as a regulated gas distribution operator with multi-state service territory.

8Southwest Gas Holdings
TypeDirect peer
Description

Natural gas distribution utility serving ~2M customers across Arizona, Nevada, and California, with pipeline subsidiary. Comparable to Summit's regulated gas distribution LDC model with similar customer scale.

9New Jersey Resources
TypeDirect peer
Description

Natural gas distribution and clean energy holding company serving ~570K customers in New Jersey, plus midstream and storage. Comparable to Summit as a regulated gas distribution utility with midstream and clean energy subsidiaries.

10ONE Gas, Inc.
TypeDirect peer
Description

Publicly traded pure-play natural gas distribution utility serving Oklahoma, Kansas, and Texas with ~2.3M customers. Closest direct comparable to Summit given overlapping Oklahoma service territory and similar regulated LDC model.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers4 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles6 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries6 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment1 record

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Summit Utilities, Inc.

Natural Gas Distribution Utilitiessummitutilitiesinc.com

Summit Utilities is a privately held, multi-state natural gas distribution holding company operating approximately 17,000 miles of pipeline and serving roughly 525,000 residential, commercial, and industrial customers across Arkansas, Oklahoma, Colorado, Maine, and Missouri under regulated utility franchises.

What Summit Utilities, Inc. does

Summit Utilities, Inc. is a privately held natural gas distribution holding company founded in 1996 and headquartered in Littleton, Colorado. Through its regional operating subsidiaries — Summit Utilities Arkansas, Arkansas Oklahoma Gas (AOG), Summit Natural Gas of Maine, Summit Natural Gas of Missouri, Colorado Natural Gas, and the Peaks Renewables renewable natural gas subsidiary — Summit owns and operates approximately 17,000 miles of pipeline serving roughly 525,000 residential, commercial, and industrial customers across 450 communities in Arkansas, Oklahoma, Colorado, Maine, and Missouri. The business model is that of a regulated local distribution company: revenue is earned through rates approved by state public utility commissions based on a permitted rate base and authorized operating cost recovery, with customers billed a fixed monthly charge plus per-unit (therm/ccf) distribution charges.

Summit Utilities, Inc. firmographics

Firmographics
Name
Summit Utilities, Inc.
Legal name
Summit Utilities, Inc.
Website
https://summitutilitiesinc.com
Company type
Private
Founded year
1996
Operating status
Operating
Headcount range
101–250 employees
Short description
Summit Utilities is a privately held, multi-state natural gas distribution holding company operating approximately 17,000 miles of pipeline and serving roughly 525,000 residential, commercial, and industrial customers across Arkansas, Oklahoma, Colorado, Maine, and Missouri under regulated utility franchises.
Ownership category
akta.pro rank

Summit Utilities, Inc. industry classification

Industry
Product category
Natural Gas Distribution Utilities
NAICS
Natural Gas Distribution (22121), Natural Gas Distribution (2212), Natural Gas Distribution (221210), Pipeline Transportation of Natural Gas (48621), Utilities (22)
SIC
Natural Gas Distribution (4924), Natural Gas Transmisison & Distribution (4923)
akta.pro primary industry
Regulated Natural Gas Utility (LDC) Customer Acquisition & Switching (EUAAADAA)
akta.pro secondary industries
Gas Mains (Distribution Pipelines) (EUAJABAA), Network Construction, Replacement & Uprates (Capex Programs) (EUAJABAL)

Keywords

  • Natural gas distribution
  • Regulated utility services
  • Gas pipeline operations
  • Residential gas supply
  • Renewable natural gas

Where Summit Utilities, Inc. is headquartered

Location

Headquarters

HQ city
Littleton
HQ country
United States
HQ region
North America

Offices6 records

Markets served

Summit Utilities, Inc. business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Operations, Infrastructure, Supply Chain, Personnel, Marketing or Sales, Technology or R&D

Revenue model

  1. Natural Gas Distribution Services: Summit Utilities generates revenue primarily through the regulated distribution of natural gas to residential, commercial, and industrial customers across its service territories in Arkansas, Oklahoma, Colorado, and Maine. Revenue is derived from regulated utility rates approved by state public utility commissions, based on investment in infrastructure (rate base) and operating costs.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Summit Utilities, Inc. product offering

Product offering

Core offering

Summit Utilities owns and operates regulated natural gas distribution networks serving approximately 525,000 residential, commercial, and industrial customers across Arkansas, Oklahoma, Colorado, Maine, and Missouri through about 17,000 miles of pipeline. The company also operates Peaks Renewables, a subsidiary focused on renewable natural gas initiatives.

Product overview

Summit Utilities, Inc. is a natural gas utility holding company operating a multi-state distribution network through several regional sub-brands. The company provides natural gas distribution services to approximately 525,000 customers across Arkansas, Oklahoma, Maine, and Colorado, serving 450 communities through 17,000 miles of pipeline infrastructure. The portfolio includes Summit Natural Gas, Colorado Natural Gas, Summit Natural Gas Maine, Arkansas Oklahoma Gas (AOG), and Peaks Renewables (renewable natural gas initiatives). The company also operates a community engagement program called Summit Cares Grants supporting nonprofit organizations in their service territories.

Differentiator

Problem solved

Functional benefit

Brands

  • Summit Utilities Arkansas (SUMMIT): Natural gas distribution operations in Arkansas
  • Arkansas Oklahoma Gas (AOG)
  • Summit Natural Gas Maine (SNGM)
  • Summit Natural Gas Missouri (SNMO)
  • Colorado Natural Gas (CNG)
  • Peaks Renewables

Products and services

  • Natural Gas Distribution Services Regulated natural gas distribution service delivering natural gas to approximately 525,000 residential, commercial, and industrial customers across Arkansas, Oklahoma, Colorado, Maine, and Missouri through approximately 17,000 miles of pipeline infrastructure. Customers are served under rate schedules approved by state public utility commissions.
  • Renewable Natural Gas (Peaks Renewables) Renewable natural gas (RNG) initiatives operated through Peaks Renewables, a wholly owned subsidiary of Summit Utilities based in Boulder, Colorado, focused on advancing lower-carbon natural gas solutions.

Companies that use Summit Utilities, Inc.

Customer profile

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Summit Utilities, Inc. technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Summit Utilities, Inc. partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • CenterPoint Energy, Inc.coreStrategic or Co-development Partner · 29 April 2021Summit Utilities agreed to acquire the Arkansas and Oklahoma gas distribution assets of CenterPoint Energy, Inc. for $2.15 billion, serving approximately 525,000 customers with 17,000 miles of pipeline. The acquisition aimed to expand Summit's service territory and capacity in Arkansas and Oklahoma, with closing expected by the end of 2021 after regulatory approvals. Richard Leger, later appointed as SVP of Operations at Summit (March 2026), most recently served as senior vice president of the natural gas business at CenterPoint Energy.

Scale indicators7 records

Recent moves5 records

Expansion highlights4 records

Summit Utilities, Inc. competitors and assessment

Company assessment

Broad incumbents

  • Black Hills Corporation: Diversified utility holding with regulated natural gas distribution across multiple states plus electric utilities. Comparable as a multi-state regulated gas utility operator with similar rate base growth model.

Direct peers

  • Spire Inc. Natural gas distribution utility serving ~1.7M customers across Missouri, Alabama, and Mississippi. Direct comparable to Summit's Missouri and broader multi-state gas distribution footprint.
  • Atmos Energy Corporation: Largest US natural gas-only distribution utility serving ~3M customers across Texas, Louisiana, Mississippi, Colorado, Kentucky, Tennessee, Virginia, and other states. Comparable to Summit's multi-state regulated gas distribution model and Colorado overlap.
  • Northwest Natural Holding Company: Natural gas distribution utility serving ~770K customers in Oregon, Washington, and Idaho with significant renewable natural gas initiatives. Comparable to Summit on regulated LDC operations and RNG strategy via Peaks Renewables.
  • National Fuel Gas Company: Integrated natural gas company with regulated distribution serving ~740K customers in Pennsylvania and New York, plus pipeline and exploration. Comparable to Summit on the regulated gas distribution segment.
  • Chesapeake Utilities Corporation: Natural gas distribution and transmission utility serving ~200K customers across Delaware, Maryland, Florida, and Pennsylvania. Smaller-scale regulated gas distribution peer with similar operating model.
  • CenterPoint Energy: Large US utility holding company that sold its Arkansas/Oklahoma gas distribution assets to Summit for $2.15B in 2021. Direct comparable as a regulated gas distribution operator with multi-state service territory.
  • Southwest Gas Holdings: Natural gas distribution utility serving ~2M customers across Arizona, Nevada, and California, with pipeline subsidiary. Comparable to Summit's regulated gas distribution LDC model with similar customer scale.
  • New Jersey Resources: Natural gas distribution and clean energy holding company serving ~570K customers in New Jersey, plus midstream and storage. Comparable to Summit as a regulated gas distribution utility with midstream and clean energy subsidiaries.
  • ONE Gas, Inc. Publicly traded pure-play natural gas distribution utility serving Oklahoma, Kansas, and Texas with ~2.3M customers. Closest direct comparable to Summit given overlapping Oklahoma service territory and similar regulated LDC model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Summit Utilities, Inc. social profiles

Digital presence

Summit Utilities, Inc. financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Summit Utilities, Inc. leadership team

Management profile

Number of profiles

Profiles6 records

Summit Utilities, Inc. subsidiaries and ownership

Company hierarchy

Subsidiaries6 records

Summit Utilities, Inc. funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Summit Utilities, Inc. M&A and investment

M&A and investment

M&A2 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Summit Utilities, Inc.

What does Summit Utilities, Inc. do?

Summit Utilities owns and operates regulated natural gas distribution networks serving approximately 525,000 residential, commercial, and industrial customers across Arkansas, Oklahoma, Colorado, Maine, and Missouri through about 17,000 miles of pipeline. The company also operates Peaks Renewables, a subsidiary focused on renewable natural gas initiatives.

Is Summit Utilities, Inc. a public or private company?

Summit Utilities, Inc. is a private company. It is classified as unknown and is currently operating.

When was Summit Utilities, Inc. founded?

Summit Utilities, Inc. was founded in 1996. It employs 101 to 250 people.

Where is Summit Utilities, Inc. based?

Summit Utilities, Inc. is headquartered in Littleton, United States, in the North America region.

How does Summit Utilities, Inc. make money?

One revenue line is on record: natural Gas Distribution Services.

Who are Summit Utilities, Inc.'s main competitors?

Black Hills Corporation is listed as a broad incumbent. Direct peers are Spire Inc., Atmos Energy Corporation, Northwest Natural Holding Company, National Fuel Gas Company, Chesapeake Utilities Corporation, CenterPoint Energy, Southwest Gas Holdings, New Jersey Resources and ONE Gas, Inc..

Does Summit Utilities, Inc. have an API?

No public API is recorded for Summit Utilities, Inc..

What industry is Summit Utilities, Inc. in?

Summit Utilities, Inc.'s product category is Natural Gas Distribution Utilities. Its primary akta.pro industry code is EUAAADAA, Regulated Natural Gas Utility (LDC) Customer Acquisition & Switching, with a secondary code of EUAJABAA, Gas Mains (Distribution Pipelines). Its NAICS code is 22121 and its SIC code is 4924.

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Live signals
GlobeNewswireSummit Utilities Transforms Tax Fixed Assets with Lucasys SoftwareSummit Utilities completed a transition from PowerTax to Lucasys tax fixed asset software, with Lucasys converting data from PowerTax and SAP. The company also implemented Utegration's Finance4U Extended Asset Accounting on SAP S/4HANA. Lucasys provides ongoing advisory and support services.PR NewswireSummit Utilities, Inc. Closes on Purchase of Arkansas and Oklahoma Gas Distribution Assets from CenterPoint EnergySummit Utilities, Inc. has closed on its acquisition of gas distribution assets from CenterPoint Energy, Inc. in Arkansas, Oklahoma, and Texarkana, Texas. The transaction serves approximately 525,000 customers across the three states and includes 17,000 miles of gas main pipeline, with approximately 600 CenterPoint employees transitioning to Summit. The deal received regulatory approval from the Oklahoma Corporation Commission and Arkansas Public Service Commission, with a transition period of up to one year to migrate all operations and services.PR NewswireCoca-Cola, Summit Utilities, ICD to Discuss Treasury Technology at AFP 2021Treasury leaders from The Coca-Cola Company and Summit Utilities will present at the AFP 2021 Annual Conference in Washington, D.C., alongside ICD, sharing their experiences integrating technology to optimize cash and investment workflows. The session, titled "Deeply Connected: Integrating Cash & Investments for Optimal Efficiency," is part of the Capital Markets and Investments track and runs from 2:00 pm to 3:00 pm. Attendees will earn 1.2 CTP, FPAC or CPE credits for participating in this one-hour educational session.PR NewswireSummit Utilities, Inc. to Acquire CenterPoint Energy's Arkansas and Oklahoma Gas Distribution AssetsSummit Utilities, Inc. has announced a definitive agreement to acquire CenterPoint Energy, Inc.'s gas distribution assets in Arkansas and Oklahoma for $2.15 billion. The acquisition serves about 525,000 customers and includes 17,000 miles of pipeline, enhancing Summit's presence in the region. The transaction is expected to close by the end of 2021, pending regulatory approvals.