What is Noble Financial’s Forecast for SMC Q3 Earnings?

Summit Midstream Partners, LP (NYSE:SMC) – Equities research analysts at Noble Financial raised their Q3 2026 EPS estimates for shares of Summit Midstream Partners in a report released on Wednesday, August 12th. Noble Financial analyst M. Reichman now expects that the company will post earnings per share of $0.34 for the quarter, up from their prior forecast of ($0.15). The consensus estimate for Summit Midstream Partners’ current full-year earnings is ($0.93) per share. Noble Financial also issued estimates for Summit Midstream Partners’ Q4 2026 earnings at $0.31 EPS and FY2026 earnings at $0.40 EPS.

Other analysts have also issued reports about the company. Summit Redstone set a $39.00 price objective on Summit Midstream Partners in a research note on Monday, August 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Summit Midstream Partners in a research note on Friday, August 7th. Finally, TD Cowen upped their price objective on shares of Summit Midstream Partners from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.

Summit Midstream Partners Stock Performance

Shares of NYSE SMC opened at $34.77 on Friday. The stock’s fifty day moving average price is $30.16 and its two-hundred day moving average price is $30.01. Summit Midstream Partners has a one year low of $19.13 and a one year high of $36.47. The firm has a market cap of $707.18 million, a price-to-earnings ratio of -31.32 and a beta of 0.71. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.20 and a quick ratio of 1.20.

Summit Midstream Partners (NYSE:SMC) last released its quarterly earnings results on Monday, August 10th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.47. The firm had revenue of $155.01 million during the quarter, compared to the consensus estimate of $169.00 million. Summit Midstream Partners had a negative return on equity of 0.04% and a negative net margin of 0.06%.

Institutional Trading of Summit Midstream Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in SMC. Valeo Financial Advisors LLC purchased a new stake in shares of Summit Midstream Partners in the second quarter worth about $268,000. Empowered Funds LLC boosted its position in shares of Summit Midstream Partners by 9.8% during the first quarter. Empowered Funds LLC now owns 89,796 shares of the company’s stock valued at $2,715,000 after buying an additional 8,037 shares during the period. Renaissance Technologies LLC purchased a new stake in Summit Midstream Partners in the first quarter worth $680,000. Public Employees Retirement System of Ohio purchased a new position in shares of Summit Midstream Partners during the first quarter worth approximately $46,000. Finally, Cetera Investment Advisers raised its position in Summit Midstream Partners by 104.1% during the 1st quarter. Cetera Investment Advisers now owns 56,533 shares of the company’s stock valued at $1,710,000 after purchasing an additional 28,840 shares in the last quarter. Institutional investors own 42.97% of the company’s stock.

Insiders Place Their Bets

In other news, VP James David Johnston sold 2,600 shares of Summit Midstream Partners stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $29.72, for a total value of $77,272.00. Following the sale, the vice president directly owned 75,357 shares in the company, valued at approximately $2,239,610.04. This trade represents a 3.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jerry L. Peters sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $32.00, for a total value of $320,000.00. Following the completion of the transaction, the director owned 16,979 shares of the company’s stock, valued at approximately $543,328. The trade was a 37.07% decrease in their position. The SEC filing for this sale provides additional information. 42.96% of the stock is owned by company insiders.

Summit Midstream Partners announced that its Board of Directors has initiated a stock repurchase plan on Monday, June 1st that authorizes the company to buyback $35.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 6.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

About Summit Midstream Partners

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.