During the corresponding time, Summit Midstream Corporation recorded a revenue increase by 10.55 % year on year, sequentially revenue grew by 11.41 %. While revenue at the Summit Midstream Corporation's corporate clients
Summit Midstream's Comment on Sales, Marketing and Customers
The company provides midstream services, including gathering and processing capacity, primarily serving producer customers in the DJ Basin and the Williston Basin. It expanded its presence in the DJ Basin through the acquisition of Moonrise Midstream, LLC, enhancing processing capacity and flow assurance for customers in that area. In the Williston Basin, the company secured a 10-year extension and a new 15-year gathering agreement with key customers. Additionally, Double E executed a precedent agreement for 100 MMcf/d of firm capacity related to a processing plant expansion in Lea County, New Mexico, along with subsequent agreements for 210 MMcf/d and 230 MMcf/d of firm capacity, with terms commencing in late 2026. Customers and markets mentioned in filings include Double E, Fundare Resources Company, LLC, and Moonrise Midstream, LLC.
Summit Midstream’s Comment on Sales, Marketing and Customers
The company provides midstream services, including gathering and processing capacity, primarily serving producer customers in the DJ Basin and the Williston Basin. It expanded its presence in the DJ Basin through the acquisition of Moonrise Midstream, LLC, enhancing processing capacity and flow assurance for customers in that area. In the Williston Basin, the company secured a 10-year extension and a new 15-year gathering agreement with key customers. Additionally, Double E executed a precedent agreement for 100 MMcf/d of firm capacity related to a processing plant expansion in Lea County, New Mexico, along with subsequent agreements for 210 MMcf/d and 230 MMcf/d of firm capacity, with terms commencing in late 2026. Customers and markets mentioned in filings include Double E, Fundare Resources Company, LLC, and Moonrise Midstream, LLC.
Sources:
Summit Midstream Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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