What is Noble Financial’s Estimate for SMC Q1 Earnings?

Summit Midstream Partners, LP (NYSE:SMC) – Equities research analysts at Noble Financial cut their Q1 2026 earnings per share estimates for Summit Midstream Partners in a report released on Wednesday, March 18th. Noble Financial analyst M. Reichman now expects that the company will post earnings of ($0.49) per share for the quarter, down from their prior estimate of $0.30. Noble Financial has a “Outperform” rating and a $47.00 price objective on the stock. Noble Financial also issued estimates for Summit Midstream Partners’ Q2 2026 earnings at ($0.41) EPS, Q3 2026 earnings at ($0.21) EPS, Q4 2026 earnings at ($0.08) EPS, FY2026 earnings at ($1.19) EPS and FY2027 earnings at $1.07 EPS.

Summit Midstream Partners (NYSE:SMC) last issued its earnings results on Monday, March 16th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.96). The firm had revenue of $142.29 million during the quarter, compared to analyst estimates of $150.07 million.

Other research analysts have also recently issued reports about the company. Zacks Research raised Summit Midstream Partners to a “hold” rating in a report on Friday, December 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Summit Midstream Partners in a research report on Monday, December 29th. Finally, Summit Redstone set a $47.00 price target on shares of Summit Midstream Partners in a report on Thursday, December 18th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Summit Midstream Partners currently has an average rating of “Hold” and an average price target of $47.00.

Summit Midstream Partners Price Performance

Shares of SMC stock opened at $31.16 on Friday. The stock’s fifty day simple moving average is $29.09 and its 200 day simple moving average is $25.60. Summit Midstream Partners has a one year low of $19.13 and a one year high of $37.44. The firm has a market cap of $585.53 million, a price-to-earnings ratio of -1.71 and a beta of 0.92.

Institutional Trading of Summit Midstream Partners

Several large investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. acquired a new stake in shares of Summit Midstream Partners in the second quarter valued at $25,000. Police & Firemen s Retirement System of New Jersey bought a new stake in Summit Midstream Partners during the 2nd quarter worth about $56,000. New York State Common Retirement Fund bought a new stake in Summit Midstream Partners during the 2nd quarter worth about $96,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Summit Midstream Partners by 5,417.0% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,517 shares of the company’s stock valued at $135,000 after acquiring an additional 5,417 shares in the last quarter. Finally, Deutsche Bank AG acquired a new stake in Summit Midstream Partners in the 4th quarter valued at about $186,000. Institutional investors own 42.97% of the company’s stock.

Summit Midstream Partners Company Profile

Summit Midstream Partners is a publicly traded master limited partnership that provides gathering, compression, processing and transportation services for natural gas, natural gas liquids (NGLs) and crude oil in key U.S. onshore basins. The company’s assets include a network of intrastate and interstate pipelines, processing plants, fractionators and storage facilities designed to serve producers, marketers and end users throughout the Appalachian, Gulf Coast, Mid-Continent and Western Canadian Sedimentary basins.

In the Appalachian region, Summit operates extensive gathering lines and multiple gas-processing complexes connected to the Mountaineer NGL Hub, one of the largest fractionation and storage hubs in the Mid-Atlantic.