Summit Midstream Surges on New Wells | Business and Finance News

Summit Midstream is on fire—posting a 12% jump in adjusted EBITDA to $60.7M in Q2 2026, fueled by booming activity in Rockies and Mid-Con as customers rush to drill new wells. They brought 36 wells online (16 in DJ, 20 in Mid-Con), with 17 more set to come online in Williston—plus 75 drilled but uncompleted wells across the board. Higher crude prices are driving this surge, with 30 new Williston connections now expected (mostly hitting Q4 and 2027), plus a landmark 20-year deal in DJ. The Double E pipeline just locked in more firm capacity, pushing total contracted volume to 1.9 Bcf/day, with open season extended to August. Mid-Con’s dry gas region is showing explosive potential. Ahead: finish Double E expansion, hit leverage targets, and aim to restart dividends—all while investors get a compelling case from strong cash flow, improving balance sheet, and current valuation. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1c2c1ebeaf300da1