Summit Midstream Corp
No SEC Form 4 filings for $SMC in the last 30 days.
A roundup of Tuesday Wall Street analyst actions included Deutsche Bank upgrading Palantir to Buy and keeping a $200 target, and Wells Fargo initiating APi Group at Overweight with a $53 target. Other calls covered CoreWeave, Micron, Walmart, Nike, Apple, and SK Hynix, with multiple price targets and rating changes ahead of earnings for some names.
Philippine Stock Exchange CEO Ramon Monzon said San Miguel Corp. (SMC) has raised the most capital from follow-on offerings since 2020, totaling P146.65 billion via 11 preferred-share subseries across five FOOs. SMC listed Series 2V, 2W and 2X preferred shares, raising P30 billion, oversubscribed 3.27 times. Proceeds refinance loans and bonds and fund infrastructure investments. SMC reported Q1 revenue up 19% to P428 billion and net income of P22.5 billion.
San Miguel Corp. (SMC) completed a P30 billion preferred share follow-on offering, listing Series 2V, 2W, and 2X on the Philippine Stock Exchange under tickers SMC2V, SMC2W, and SMC2X. Dividend rates range from 8.0401% to 8.6483%. The PSE said the offer was 3.27 times oversubscribed. Proceeds will refinance debt and fund infrastructure projects.
Over the past 7 days, alphai's AI scored 4 news stories mentioning SMC (Summit Midstream Corp). Coverage has skewed bullish: 4 bullish, 0 neutral, and 0 bearish.
Recent SMC coverage spans corporate actions, financial news and market movers.
New coverage with a visibility argument can influence positioning in midstream names.
The article discloses a large preferred-share fundraising and refinancing plan, which can affect SMC’s near-term capital structure and funding costs.
The capital raise and refinancing plan can reduce near-term funding risk and support preferred-share demand, but it is not a common-equity earnings catalyst.
The capital raise and stated use of proceeds (refinancing and bond repayments) can reduce near-term funding risk and support infrastructure plans.
This is a calendar-driven catalyst for volatility around the Aug 10 after-close earnings release and Aug 11 call.
alphai scores every news story that mentions SMC with an AI model for sentiment and relevance, and aggregates insider trades from Summit Midstream Corp's SEC EDGAR Form 4 filings. Figures refresh continuously.
A roundup of Tuesday Wall Street analyst actions included Deutsche Bank upgrading Palantir to Buy and keeping a $200 target, and Wells Fargo initiating APi Group at Overweight with a $53 target. Other calls covered CoreWeave, Micron, Walmart, Nike, Apple, and SK Hynix, with multiple price targets and rating changes ahead of earnings for some names.
6 min readPhilippine Stock Exchange CEO Ramon Monzon said San Miguel Corp. (SMC) has raised the most capital from follow-on offerings since 2020, totaling P146.65 billion via 11 preferred-share subseries across five FOOs. SMC listed Series 2V, 2W and 2X preferred shares, raising P30 billion, oversubscribed 3.27 times. Proceeds refinance loans and bonds and fund infrastructure investments. SMC reported Q1 revenue up 19% to P428 billion and net income of P22.5 billion.
3 min readSan Miguel Corp. (SMC) completed a P30 billion preferred share follow-on offering, listing Series 2V, 2W, and 2X on the Philippine Stock Exchange under tickers SMC2V, SMC2W, and SMC2X. Dividend rates range from 8.0401% to 8.6483%. The PSE said the offer was 3.27 times oversubscribed. Proceeds will refinance debt and fund infrastructure projects.
4 min readSan Miguel Corp. (SMC) completed a P30 billion follow-on offering of preferred shares, listing Series 2V, 2W and 2X on the Philippine Stock Exchange. Dividend rates are 8.0401%, 8.3570% and 8.6483%. The base offer of 266.67M shares was oversubscribed 3.27 times, with the option fully exercised. Net proceeds will refinance obligations and support infrastructure investments.
3 min readHOUSTON, July 30, 2026 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today that it will report operating and financial results for the second quarter of 2026 on Monday, August 10, 2026, after the close of trading on the New York Stock Exchange. Second Quarter 2026 Earnings Call SMC will host a conference call at 10:00 a.m. Eastern on August 11, 2026, to discuss its quarterly operating and financial results.
2 min readSummit Midstream (NYSE: SMC) said it added two long-term firm transportation agreements for its Double E Pipeline totaling 150 MMcf/d, lifting Double E open season commitments to 250 MMcf/d and contracted capacity to about 1.9 Bcf/d. It extended the open season to June 30, 2026, expects FID on compression by end of summer, and secured turbine compressors. It also signed a Williston crude gathering deal in ND for 40,000 acres and 15 well connects by Q4 2026.
4 min readThe SEC approved San Miguel Corp.’s (SMC) follow-on offering of up to P30 billion in Series 2 preferred shares. The registration covers 400 million shares, with a base tranche of 266.67 million and an oversubscription option of up to 133.33 million. Shares are priced at P75 each, with net proceeds up to P29.77 billion if fully subscribed. Offer period is July 15-23, listing targeted July 31.
4 min readThe Philippine Stock Exchange raised its 2026 capital-raising target to about P204 billion from P170 billion, citing applications received for IPOs, preferred shares, and private placements. Analysts said this points to improved issuer confidence. Named filings include VITRO REIT (up to P24.2B) and Mynt/GCash IPO (up to P92.3B), plus a San Miguel preferred follow-on (P30B).
6 min readPhilippine Stock Exchange CEO Ramon Monzon said the PSE is eyeing at least five IPOs by 2027, with two potentially underway in 2026. These include Mynt Inc. (GCash) targeting a Q4 main-board IPO at up to P10/share to raise up to P92.3B, and PLDT’s VITRO Inc. seeking P24.2B for a REIT listing. PSE also expects preferred-share fundraising.
6 min readJapan’s Financial Services Agency and Tokyo Stock Exchange plan to revise the governance code by summer, urging efficient use of corporate cash. Investors expect Japan firms’ $1.8tn cash hoards to be redeployed into buybacks, dividends, M&A or growth. Makita said it will hold cash equal to 2–3 months of sales and return 50%+ of profit. Activists are already pushing, while some firms cite disruption and higher costs.
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