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.
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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.
