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Legacy Ridge Capital's investment thesis on Summit Midstream Partners, LP ($SMC) — Q2 2026 | Buyside Digest

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$SMCNYSESummit Midstream Partners, LP

BEAR

Legacy Ridge Capital—SMC

Fund Letter

Q2 2026

Published July 23, 2026

View Fund Profile

$30.51USD

-10.8% vs last month

$30.50Pitched

+0.0% since pitch

Market Cap$421.5M

P/E (TTM)N/A

52-Wk RangeN/A

Div. YieldN/A

Technical Chart

From the Fund Letter

Summit Midstream was a costly investment mistake driven by high-yield seeking, excessive leverage, and a failure to account for falling basin production. While operational turnaround...

— Kristopher P. Kelley

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