EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2026

11. EARNINGS PER SHARE

The following table details the components of EPS.


	Three Months Ended March 31,
		2026		2025
	(In thousands, except per-share amounts)
Numerator for basic and diluted EPS:
Net income (loss)		$	(3,166)	$	4,634
Less: Net income attributable to Subsidiary Series A Preferred Units		(1,930)		(3,592)
Less: Net income attributable to Series A Preferred Stock		(3,113)		(3,918)
Add: Net loss attributable to noncontrolling interest		2,914		989
Net loss attributable to Summit Midstream Corporation		$	(5,295)	$	(1,887)

Denominator for basic and diluted EPS:
Weighted-average number of shares outstanding – basic		12,329		11,767
Effect of nonvested restricted stock units		—		—
Effect of assumed conversion and elimination of noncontrolling interest and net income		—		—
Weighted-average number of shares outstanding – diluted		12,329		11,767

Net loss per share:
Common Stock – basic		$	(0.43)	$	(0.16)
Common Stock – diluted		$	(0.43)	$	(0.16)
Class B Common Stock - basic and diluted		$	—	$	—

Nonvested anti-dilutive restricted shares excluded from the calculation of diluted EPS		236		462
Class B Common Stock		6,524		6,535

Summit Midstream Corp 10-Q