From Yahoo Finance: 2025-03-27 21:07:00

President Donald Trump aims to lower energy costs for Americans by pushing the oil and gas sector to increase production. However, industry executives are skeptical of his policies due to declining oil prices and tariff uncertainty. The US is already the largest oil producer, with a record production rate of 13.49 million barrels per day in December 2024. The spot price for WTI crude oil hovers around $70, expected to average $66 per barrel in 2025. Despite this, the broader energy sector has gained 7.5% this year.

Summit Midstream Corporation (NYSE:SMC) is focused on midstream energy infrastructure assets in the US. The company reported a net loss of $24.8 million in Q4 2024, with a 16% revenue decrease YoY due to gathering service declines. SMC’s CEO sold stock but announced a $90 million acquisition to enhance their position in the DJ Basin. SMC ranks 7th among energy stocks losing this week.

Summit Midstream Corporation (NYSE:SMC) is listed as one of the energy stocks that are losing this week. Despite this, Insider Monkey suggests that AI stocks may offer higher returns in a shorter timeframe. For those interested, they recommend checking out their report on the cheapest AI stock.



Read more at Yahoo Finance: Why is Summit Midstream Corporation (SMC) Losing This Week?