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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenues $ 102,415 $ 121,193 $ 322,601 $ 331,585
Costs and expenses:        
Type of cost, good or service [extensible list] Natural Gas Liquids (NGL) [Member] Natural Gas Liquids (NGL) [Member] Natural Gas Liquids (NGL) [Member] Natural Gas Liquids (NGL) [Member]
Cost of natural gas and NGLs $ 28,246 $ 27,110 $ 88,047 $ 77,967
Operation and maintenance 24,473 26,161 72,925 75,291
General and administrative 12,419 11,098 41,368 31,897
Depreciation and amortization 23,540 30,778 75,324 90,734
Transaction costs 2,094 144 13,156 926
Acquisition integration costs 0 171 40 2,396
(Gain) loss on asset sales, net (6) (40) 1 (183)
Long-lived asset impairments 0 0 67,936 455
Total costs and expenses 90,766 95,422 358,797 279,483
Other income (expense), net 666 (315) 2,784 747
Gain (loss) on interest rate swaps (2,574) 2,856 936 4,851
Gain (loss) on sale of business (1,672) (9) 82,338 (45)
Gain on sale of equity method investment 0 0 126,261 0
Interest expense (25,712) (34,568) (95,015) (103,966)
Loss on early extinguishment of debt (42,235) 0 (47,199) 0
Equity method investees income 4,910 10,211 19,828 22,302
Income (loss) before income taxes (54,968) 3,946 53,737 (24,009)
Income tax benefit (expense) (142,573) (72) (142,129) 180
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)
Net income (loss) per share:        
Common stock – basic (in dollars per share) $ (19.25) $ (0.27) $ (10.39) $ (3.99)
Common stock – diluted (in dollars per share) $ (19.25) $ (0.27) $ (10.39) $ (3.99)
Weighted-average number of shares outstanding:        
Common stock – basic (in shares) 10,649 10,376 10,583 10,320
Common stock – diluted (in shares) 10,649 10,376 10,583 10,320
Gathering services and related fees        
Revenues:        
Total revenues $ 44,013 $ 66,035 $ 151,211 $ 180,492
Natural gas, NGLs and condensate sales        
Revenues:        
Total revenues 48,243 45,120 145,294 130,365
Other revenues        
Revenues:        
Total revenues $ 10,159 $ 10,038 $ 26,096 $ 20,728