$SMC

Summit Midstream has decided to expand the Double E Pipeline, increasing its capacity by 900 MMcf/d. The $100M project, backed by a long-term agreement, is set for 2028 completion. Summit will finance 70%, with ExxonMobil covering 30%. FERC approval is pending. The company secured additional financing to support the expansion.

Summit Midstream (SMC) reported Q2 2026 adjusted EBITDA of $60.7 million (+12% QoQ), net income of $4.6 million, and distributable cash flow of $36.8 million. The company raised capex guidance to $100 million to $120 million and narrowed adjusted EBITDA guidance to $235 million to $255 million. It cited 30 new Williston well connections and Double E throughput up 6.7% to 859 MMcf/d.

San Miguel Corp. (SMC) said it will emphasize cost discipline and efficiency amid continued market pressures, citing sound underlying operations in the first half. The company reported attributable net income down 66.6% to P3.53B in Q2 and down 72.8% to P11.09B in the first half. Consolidated revenues rose 34% to P964.1B, with operating income up 17% to P102.3B.

San Miguel Corp. (SMC) reported first-half core net income up 48% to P54.2 billion on revenues up 34% to P964.1 billion, driven by higher fuel and oil volumes and prices, stronger power contributions and food growth. Reported net income fell 44% to P37.7 billion due to FX and non-core items. Petron net income declined 27% to P3.8 billion.

Metro Pacific Tollways (MPTC) chairman Manuel Pangilinan said SMC CEO Ramon Ang will lead the planned combined tollway business as merger talks advance. MPTC and San Miguel Corp. are negotiating the ownership structure and valuation. MPTC previously expected completion in Q3 and SMC taking about 55% stake, subject to change.

The Philippine ERC said it is reviewing whether Ramon S. Ang’s Illumina Investment Holdings purchase of a 25.68% stake in Lopez, Inc. triggers power-sector market-share caps, cross-ownership limits, or affiliate rules. ERC Chair Francis Juan said the regulator will assess compliance and whether Ang’s position creates control. The stake links Ang’s San Miguel Corp. with Lopez power assets, including First Gen’s 1,700 MW capacity.

San Miguel Corp. (SMC) says it expanded its Backyard Bukid urban farming program beyond Luzon, opening its first Visayas backyard farm at Antipolo Elementary School in Albuera, Leyte, and launching another site at Soyung Elementary School in Echague, Isabela. SMC reports nine sites nationwide, producing over 4,300 kilos of crops and generating income for 155 farmers, with plans to add more sites.

TD Cowen raised its price target for Summit Midstream Corp. (NYSE:SMC) to $43 from $39 and kept a Buy rating. The stock trades at $34.68 near its 52-week high. TD Cowen cited higher Rockies Bakken activity, expecting more well connections in 2026 and supporting volume through 2027, despite a Q2 EBITDA miss of about $5M.

Summit Midstream Corp (SMC) filed an SEC Form 8-K — Results of Operations and Financial Condition. EXHIBIT 99.1 Summit Midstream Corporation 910 Louisiana Street, Suite 4200 Houston, TX 77002 Summit Midstream Corporation Reports Second Quarter 2026 Financial and Operating Results Houston, Texas (August 10, 2026) – Summit Midstream Corporation (NYSE: SMC) (“Summit”, “SMC” or th

San Miguel Corp chair Ramon S. Ang will buy 25.7% of Lopez Inc. via Illumina Investment Holdings, acquiring shares from Crème Investment Corp. while other Lopez branches keep control. The group’s five listed firms total about P155 billion in market value, including First Gen, First Philippine Holdings, Lopez Holdings, Rockwell Land and ABS-CBN. The deal follows a February 2026 board dispute and does not trigger tender offers.