Summit Midstream Partners (SMLP) Announces Common Stock of Summit Midstream Corporation (SMC) to Commence Trading on NYSE on Thursday, August 1

Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership" or "SMLP"), announced today that it will complete the previously announced conversion (the "Corporate Reorganization") from a master limited partnership to a C-corporation on Thursday, August 1, 2024. Pursuant to the Corporate Reorganization, the unitholders of the Partnership will become shareholders of Summit Midstream Corporation ("New Summit"). The Common Stock will commence trading on the New York Stock Exchange on Thursday, August 1, 2024 under the ticker symbol "SMC." As previously announced, unitholders approved the Corporate Reorganization, along with all other proposals presented, at the Partnership's Special Meeting of Unitholders held on July 18, 2024.

The 10,648,685 common units representing limited partner interests in the Partnership ("Common Units") that were outstanding immediately before the Corporate Reorganization will each be exchanged for one share of common stock, par value $0.01 per share, of New Summit ("Common Stock"), pursuant to the terms of the Corporate Reorganization. Additionally, 65,508 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units representing limited partner interests in the Partnership that were outstanding immediately before the Corporate Reorganization will each be exchanged for one share of Series A Floating Rate Cumulative Redeemable Perpetual Preferred Stock, par value $0.01 per share ("Series A Preferred Stock"), pursuant to the terms of the Corporate Reorganization. New Summit does not intend to apply for the listing of the Series A Preferred Stock on any securities exchange.

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