Summit Midstream Corp (SMC) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
SMC currently has 13.8M outstanding shares. with moderate dilution risk from 6.24M authorized shares representing 45.2% potential dilution. The company has significantly diluted shareholders by 31.83% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 11, 2026 |
10-Q filing | 13.8M shares outstanding |
14M | 6.2M |
| Apr 02, 2026 |
8-K filing: Summit Midstream Corporation issued and sold 1,351,351 shares of common stock to Tall Oak Midstream Holdings for $42,000,000 in cash on March 31, 2026. ($42.0M proceeds) |
12M | 7.9M |
| Mar 16, 2026 |
10-K filing | 12.1M shares outstanding |
12M | 7.9M |
| Nov 10, 2025 |
10-Q filing | 12.3M shares outstanding |
12M | 7.8M |
| May 12, 2025 |
10-Q filing | 11.8M shares outstanding |
12M | 8.3M |
| Mar 24, 2025 |
S-3 filing: This is an S-3 filing for Summit Midstream Corporation, covering the potential offering of common stock, preferred stock, depositary shares, warrants, purchase contracts and units up to an aggregate initial offering price of $240,000,000, as well as the offering and resale of up to 7,933,273 shares of common stock by selling stockholders. |
12M | 7.9M |
| Mar 14, 2025 |
8-K filing: Summit Midstream Corporation issued 462,265 shares of common stock to Fundare Resources Company HoldCo, LLC as part of the consideration for the purchase of Moonrise Midstream, LLC. ($20.0M proceeds) |
12M | 0 |
| Mar 11, 2025 |
10-K filing | 12.1M shares outstanding |
12M | 0 |
| Dec 03, 2024 |
8-K filing: Summit Midstream Corporation consummated a transaction where Tall Oak contributed its equity interests in Tall Oak Midstream Operating, LLC in exchange for cash and shares of Class B common stock and partnership units. ($425.0M proceeds) |
11M | 0 |
| Nov 12, 2024 |
10-Q filing | 10.6M shares outstanding |
11M | 0 |
| Oct 02, 2024 |
8-K filing: Summit Midstream Corporation issued 7,471,008 shares of Class B common stock to Tall Oak Parent as part of a Business Contribution Agreement in exchange for Tall Oak Parent's equity interests in Tall Oak Midstream Operating, LLC. |
N/A | 0 |