Summit Midstream Posts Q4 Loss, Eyes Growth With Acquisitions

Shares of Summit Midstream Corporation (SMC) have lost 2.8% since reporting earnings for the fourth quarter of 2024. This compares with the S&P 500 index’s 0.8% decline over the same time frame. Over the past month, the stock price has decreased 14.9% compared with the S&P 500’s 9.1% fall.Earnings PerformanceSummit Midstream reported a fourth-quarter 2024 adjusted loss per share of $2.19, wider than a loss of $1.29 in the prior-year quarter.The company’s total revenues declined 16% year over year to $107 mi ...