08:06 AM EDT, 06/01/2026 (MT Newswires) -- Summit Midstream's ( SMC ) board of directors authorized a stock repurchase program of up to $35 million to buy back the company's outstanding common stock, the company said Monday.

Chief Executive Officer Heath Deneke said Summit Midstream ( SMC ) is in a position to launch its first share repurchase program after repaying all arrears on its Series A preferred stock and improving its free cash flow profile and financial flexibility.