Summit Midstream acquires Moonrise Midstream for $90M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 10 2025
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Source: Business Insider
Acquisition Announcement: Summit Midstream has acquired Moonrise Midstream for $90 million, which includes $70 million in cash and $20 million in equity. The assets include a natural gas processing plant and extensive gathering pipelines in Weld County, Colorado.
Operational Update: Alongside the acquisition, Summit provided an operational update regarding its activities in the DJ Basin, highlighting the capabilities of the newly acquired Moonrise assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
