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EARNINGS PER SHARE (Tables) | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | The following table details the components of EPS.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (In thousands, except per-share amounts)
Numerator for basic and diluted EPS: |  |  |  |  |  |  |
Net income (loss) | $ | (197,541) |  |  | $ | 3,874 |  |  | $ | (88,392) |  |  | $ | (23,829) |
Less: Net income attributable to Subsidiary Series A Preferred Units | (4,007) |  |  | (3,623) |  |  | (11,643) |  |  | (8,865) |
Net income (loss) attributable to Summit Midstream Corporation | $ | (201,548) |  |  | $ | 251 |  |  | $ | (100,035) |  |  | $ | (32,694) |
Less: Net income attributable to Series A Preferred Stock | $ | (3,393) |  |  | $ | (3,004) |  |  | $ | (9,926) |  |  | $ | (8,442) |
Net income (loss) attributable to common equity holders | $ | (204,941) |  |  | $ | (2,753) |  |  | $ | (109,961) |  |  | $ | (41,136) |
Denominator for basic and diluted EPS: |  |  |  |  |  |  |
Weighted-average number of shares outstanding – basic | 10,649 |  |  | 10,376 |  |  | 10,583 |  |  | 10,320 |
Effect of nonvested phantom shares | — |  |  | — |  |  | — |  |  | — |
Weighted-average number of shares outstanding – diluted | 10,649 |  |  | 10,376 |  |  | 10,583 |  |  | 10,320 |
Net income (loss) per share: |  |  |  |  |  |  |
Common stock – basic | $ | (19.25) |  |  | $ | (0.27) |  |  | $ | (10.39) |  |  | $ | (3.99) |
Common stock – diluted | $ | (19.25) |  |  | $ | (0.27) |  |  | $ | (10.39) |  |  | $ | (3.99) |
Nonvested anti-dilutive restricted stock shares excluded from the calculation of diluted EPS | — |  |  | 160 |  |  | 13 |  |  | 221 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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