Noble Financial Issues Positive Estimate for SMC Earnings

Summit Midstream Partners, LP (NYSE:SMC) – Research analysts at Noble Financial raised their Q2 2026 EPS estimates for Summit Midstream Partners in a report issued on Thursday, April 2nd. Noble Financial analyst M. Reichman now forecasts that the company will post earnings of ($0.37) per share for the quarter, up from their previous estimate of ($0.41). Noble Financial has a “Outperform” rating and a $47.00 price target on the stock. Noble Financial also issued estimates for Summit Midstream Partners’ Q3 2026 earnings at ($0.18) EPS and FY2026 earnings at ($1.09) EPS.

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

Several other analysts have also issued reports on SMC. Weiss Ratings restated a “sell (d-)” rating on shares of Summit Midstream Partners in a research report on Friday, March 27th. Zacks Research raised shares of Summit Midstream Partners to a “hold” rating in a research note on Friday, December 19th. Finally, Summit Redstone set a $47.00 price target on shares of Summit Midstream Partners in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $47.00.

Summit Midstream Partners Stock Up 0.8%

NYSE SMC opened at $29.21 on Tuesday. The company has a 50-day simple moving average of $29.93 and a two-hundred day simple moving average of $26.30. Summit Midstream Partners has a 12-month low of $19.13 and a 12-month high of $33.50. The firm has a market cap of $554.02 million, a price-to-earnings ratio of -8.02 and a beta of 0.85.

Institutional Investors Weigh In On Summit Midstream Partners

A number of institutional investors have recently made changes to their positions in the company. Invesco Ltd. grew its holdings in shares of Summit Midstream Partners by 0.3% during the fourth quarter. Invesco Ltd. now owns 971,063 shares of the company’s stock valued at $25,908,000 after buying an additional 2,983 shares during the last quarter. Deltroit Asset Management UK LLP purchased a new stake in shares of Summit Midstream Partners during the fourth quarter valued at approximately $18,864,000. Eagle Global Advisors LLC grew its holdings in shares of Summit Midstream Partners by 35.3% during the third quarter. Eagle Global Advisors LLC now owns 264,186 shares of the company’s stock valued at $5,426,000 after buying an additional 68,889 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Summit Midstream Partners by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 238,063 shares of the company’s stock valued at $6,353,000 after buying an additional 7,497 shares during the last quarter. Finally, ARK & TLK Investments LLC boosted its holdings in Summit Midstream Partners by 99.4% in the fourth quarter. ARK & TLK Investments LLC now owns 223,525 shares of the company’s stock worth $5,964,000 after purchasing an additional 111,441 shares during the last quarter. Hedge funds and other 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.