Summit Midstream Corporation raises $42 million through equity issuance to an affiliate of Tailwater Capital, aiming to strengthen its balance sheet and fund growth initiatives.
Amount Raised
$42 Million
Round Type
Venture
HoustonEnergyOil And GasInvestors
Description
Summit Midstream Corporation announced a private placement of $42 million through the sale of 1,351,351 shares at $31.08 each. This funding will enhance the company's balance sheet and support its strategic growth initiatives. The transaction was unanimously approved by the Audit Committee of the Board. Summit remains well-positioned to benefit from growth driven by favorable market conditions in the energy sector.
Quick answer
Summit Midstream Corporation raised $42 Million in a funding round, dated March 31, 2026. Investors: Tailwater Capital LLC. Summit Midstream Corporation is based in Houston, Texas, United States.
- How much did Summit Midstream Corporation raise?
- Summit Midstream Corporation raised $42 Million in a funding round on March 31, 2026.
- Who invested in Summit Midstream Corporation?
- Tailwater Capital LLC is named as investors in this round.
- What does Summit Midstream Corporation do?
- Summit Midstream Corporation ('Summit', 'SMC' or the 'Company') is a leading energy company focusing on the acquisition, development, and operation of natural gas and crude oil infrastructure.
- Where is Summit Midstream Corporation based and how big is it?
- Summit Midstream Corporation is based in Houston, Texas, United States. Fundz records about 266 employees.
- Who are the decision-makers at Summit Midstream Corporation?
- Fundz holds 5 contacts at Summit Midstream Corporation, including the Vice President Commercial. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Oil And Gas around the same time
Companies in the same sectors as Summit Midstream Corporation that raised within 45 days of this round, from Fundz verified event records.
- Mantle8 raised $36M (Funding Round) on May 13, 2026.
- CleanDesign raised $20M on April 28, 2026.
- Serenity Power raised $920K (Pre-Seed) on April 27, 2026.
- Decade Energy raised $26M on April 23, 2026.
- Viking Global Technologies, Inc. raised $500K (Debt Financing) on April 23, 2026.
- ResFrac Corporation raised an undisclosed amount on April 22, 2026.
Who to call at Summit Midstream Corporation, and when
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- The decision-makers there, with verified emails
- Who you already know at Summit Midstream Corporation, from your own LinkedIn network
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