XML 36 R20.htm IDEA: XBRL DOCUMENT
v3.26.1

EARNINGS PER SHARE | 12 Months Ended
--- | ---
Dec. 31, 2025
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | 13. EARNINGS PER SHARE Earnings per share is computed using the two-class method. The two-class method determines earnings per share of common stock and participating securities according to dividends or dividend equivalents and their respective participation rights in undistributed earnings. The following table details the components of basic and diluted EPS.
| Year ended December 31,
| 2025 |  | 2024 |  | 2023
| (In thousands, except per-share amounts)
Numerator for basic and diluted EPS: |  |  |  |  |
Net loss | $ | (1,906) |  |  | $ | (113,175) |  |  | $ | (38,947) |
Less: Net income attributable to Subsidiary Series A Preferred Units | (14,863) |  |  | (14,806) |  |  | (12,581) |
Net loss attributable to noncontrolling interest | 10,831 |  |  | 5,822 |  |  | — |
Net loss attributable Summit Midstream Corporation | (5,938) |  |  | (122,159) |  |  | (51,528) |
Less: Net income attributable to Series A Preferred Stock | (13,631) |  |  | (13,337) |  |  | (11,566) |
Net loss attributable to common equity holders | $ | (19,569) |  |  | $ | (135,496) |  |  | $ | (63,094) |
Denominator for basic and diluted EPS: |  |  |  |  |
Weighted-average number of shares outstanding – basic | 12,133 |  |  | 10,600 |  |  | 10,334 |
Effect of nonvested restricted stock units | — |  |  | — |  |  | — |
Effect of assumed conversion and elimination of noncontrolling interest net income | — |  |  | — |  |  | — |
Weighted-average number of shares outstanding – diluted | 12,133 |  |  | 10,600 |  |  | 10,334 |
Net Loss per share: |  |  |  |  |
Common Stock – basic | $ | (1.61) |  |  | $ | (12.78) |  |  | $ | (6.11) |
Common Stock – diluted | $ | (1.61) |  |  | $ | (12.78) |  |  | $ | (6.11) |
Class B Common Stock – basic and diluted | $ | — |  |  | $ | — |  |  | $ | — |
Nonvested anti-dilutive restricted shares excluded from the calculation of diluted EPS | 437 |  |  | 546 |  |  | 245 |
Class B Common Stock | 6,527 |  |  | 592 |  |  | — |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration