Summit Midstream Corporation Announces Final Investment Decision on Double E Pipeline Mainline Compression Expansion
Summit Midstream reached a final investment decision on the Double E Pipeline mainline compression expansion, securing 550 MMcf/d of new long-term take-or-pay commitments. The $100 million project, net to Summit’s 70% interest, is fully funded through the Summit Permian Transmission term facility and a converted accordion feature.
Key figures
- Guidance
- Permian Segment Adjusted EBITDA expected to grow from approximately $37 million in 2026 to over $100 million by 2030
- Ebitda 2026
- 37000000
- Project cost net
- 100000000
- Ebitda 2030 outlook
- 100000000
- Term facility commitment
- 100000000
- Total firm capacity bcfd
- 2.2
- Total contracts signed mmcfd
- 550
- New capacity contracted mmcfd
- 200
AI analysis
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