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Summit Midstream Corporation Announces Final Investment Decision on Double E Pipeline Mainline Compression Expansion

Summit Midstream Corporation Announces Final Investment Decision on Double E Pipeline Mainline Compression Expansion

HOUSTON, Aug. 31, 2026 /PRNewswire/ -- Summit Midstream Corporation (NYSE: SMC) ("Summit", "SMC" or the "Company") announced today that Double E Pipeline, LLC ("Double E") has concluded a successful open season and reached a final investment decision on its previously announced mainline compression expansion project, supported by a new long-term firm transportation agreement with an investment-grade shipper. Highlights Reached a final investment decision on the mainline compression expansion, with an expected in-service date in the fourth quarter of 2028 Executed a new long-term take-or-pay firm transportation agreement with an investment-grade shipper for 200 MMcf/d, bringing total contracted firm capacity on Double E to approximately 2.2 Bcf/d Converted the $50 million uncommitted accordion at Summit Permian Transmission to committed, bringing total committed financing capacity to $100 million and fully funding Summit's expected Double E capital contributions Robust future growth opportunities associated with data center developments in Texas and New Mexico and connectivity with additional egress pipelines Management Commentary Heath Deneke, President, Chief Executive Officer and Chairman, commented, "Today's announcement is a significant milestone for Summit and Double E and further demonstrates the importance of the pipeline to producers and processors in the Delaware Basin.

Aug 31, 2026 03:00 AM prnewswire.com

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