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

Summit Midstream Partners, LP (NYSE:SMC) – Noble Financial lowered their Q1 2026 earnings per share (EPS) estimates for shares of Summit Midstream Partners in a research report issued on Wednesday, March 18th. Noble Financial analyst M. Reichman now anticipates that the company will post earnings per share of ($0.49) for the quarter, down from their previous forecast of $0.30. Noble Financial has a “Outperform” rating and a $47.00 price target 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.

A number of other brokerages have also recently commented on SMC. Zacks Research raised shares of Summit Midstream Partners to a “hold” rating in a research note on Friday, December 19th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Summit Midstream Partners in a report on Monday, December 29th. Finally, Summit Redstone set a $47.00 price target on shares of Summit Midstream Partners in a research 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 assigned a Sell rating to the stock. According to MarketBeat.com, Summit Midstream Partners has an average rating of “Hold” and an average target price of $47.00.

Summit Midstream Partners Stock Up 2.9%

NYSE:SMC opened at $31.34 on Friday. Summit Midstream Partners has a 52-week low of $19.13 and a 52-week high of $38.30. The stock has a fifty day simple moving average of $28.98 and a 200-day simple moving average of $25.54. The company has a market capitalization of $588.78 million, a PE ratio of -1.72 and a beta of 0.92.

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

Institutional Investors Weigh In On Summit Midstream Partners

Several hedge funds have recently modified their holdings of SMC. Nuveen LLC raised its position in shares of Summit Midstream Partners by 3.1% in the fourth quarter. Nuveen LLC now owns 21,498 shares of the company’s stock valued at $574,000 after buying an additional 656 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Summit Midstream Partners during the second quarter worth approximately $25,000. Graham Capital Wealth Management LLC grew its stake in Summit Midstream Partners by 3.5% in the 2nd quarter. Graham Capital Wealth Management LLC now owns 59,167 shares of the company’s stock worth $1,451,000 after acquiring an additional 2,017 shares during the period. Police & Firemen s Retirement System of New Jersey purchased a new stake in Summit Midstream Partners in the 2nd quarter worth approximately $56,000. Finally, Invesco Ltd. raised its holdings in Summit Midstream Partners by 0.3% in the 3rd quarter. Invesco Ltd. now owns 968,080 shares of the company’s stock valued at $19,884,000 after acquiring an additional 2,975 shares during the last quarter. 42.97% of the stock is owned by institutional investors and hedge funds.

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.