Group 1 - Summit Midstream Corporation (SMC) declared a quarterly cash dividend of $51.27 per share on its Series A Preferred Stock for the period ended March 14, 2025, to be paid on March 15, 2025 [1] - The dividend will be distributed to preferred shareholders of record as of the close of business on March 3, 2025, with a total of 65,508 shares outstanding [1] - All unpaid dividends from prior periods on the Series A Preferred Stock remain accrued [1] Group 2 - SMC focuses on developing, owning, and operating midstream energy infrastructure assets in key unconventional resource basins in the continental United States [2] - The company provides gathering, processing, and transportation services for natural gas, crude oil, and produced water under long-term, fee-based agreements [2] - SMC operates in five unconventional resource basins: Williston Basin, Denver-Julesburg Basin, Fort Worth Basin, Arkoma Basin, and Piceance Basin [2] - The company has an equity investment in Double E Pipeline, LLC, which offers interstate natural gas transportation services [2] - SMC is headquartered in Houston, Texas [2]
Summit Midstream Corporation Announces Resumption of Preferred Dividend in First Quarter 2025