Summit greenlights Double E expansion, eyes Permian EBITDA jump to $100M by 2030
What's the deal? Summit Midstream CorporationDealroom has a profile for this one. Try Dealroom → (NYSE: SMC) said on August 31, 2026 that it reached a final investment decision on a mainline compression expansion for its Double E Pipeline in the Delaware Basin. The project follows a successful open season and a new long-term take-or-pay agreement with an investment-grade shipper.
What's the endgame? The expansion adds a bi-directional compressor station that lifts Double E's forward haul capacity to the Waha Hub by roughly 900 MMcf/d. SummitDealroom has a profile for this one. Try Dealroom → expects to invest about $100 million net to its 70% interest, with an in-service date in the fourth quarter of 2028.
By the numbers: The open season produced 550 MMcf/d of new binding take-or-pay commitments, including a fresh 200 MMcf/d deal. Total contracted firm capacity on the pipeline now sits at roughly 2.2 Bcf/d, held mostly by investment-grade shippers.
Summit expects its Permian segment adjusted EBITDA to grow from about $37 million in 2026 to over $100 million by 2030 once the project is fully subscribed. It is still in talks to sign up the remaining 450 MMcf/d of incremental capacity.
How it's funded: Summit converted a $50 million uncommitted accordion at Summit Permian TransmissionDealroom has a profile for this one. Try Dealroom → to committed, bringing total committed financing capacity to $100 million. That, plus a previously announced term loan, fully funds Summit's expected capital contributions.
Why now? The joint venture has already placed a purchase order for the long-lead gas turbine compression units, securing manufacturing slots to hit the 2028 target. The project still needs approval from the Federal Energy Regulatory Commission (FERC) and other regulators.
What's the endgame beyond Waha? Chief executive officer Heath Deneke pointed to "a new phase of demand-pull growth opportunities" tied to data centre development in Texas and New Mexico, plus connections to additional egress pipelines. He said the system's bi-directional capability could "nearly double the outlook for the business in the years ahead."
The signal: The decision reflects steady producer demand in the Delaware Basin and a growing bet that data centres will pull more Permian gas to market. For Summit, locking in long-term contracts before construction reduces the risk on a project it expects to roughly triple its Permian earnings.
Read more: pr.hattiesburg.com
Image credit: Jeremy Buckingham MLC
