How Deneke was paid
$6M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| J. Heath DenekeChairman of the Board, President and Chief Executive Officer | $766,962 | $4,103,760 | $1,047,162 | $52,940 | $5,970,824 |
| William J. MaultExecutive Vice President and Chief Financial Officer | $432,564 | $1,238,866 | $419,118 | $24,051 | $2,114,599 |
| James D. JohnstonExecutive Vice President, General Counsel, Chief Compliance Officer and Secretary | $438,455 | $1,202,761 | $495,499 | $36,853 | $2,173,568 |
What changed and why
- $6MCEO total compensation decreased to $5,970,824 in 2025 from $6,963,993 in 2024.
- Summit delivered solid financial and operating results in 2025 with lower total leverage to Adjusted EBITDA.
- The company completed the bolt-on acquisition of Moonrise Midstream in the DJ Basin.
- Summit reinstated the quarterly cash dividend on its Series A Preferred Stock.
- New long-term commercial agreements and contract extensions were executed across key basins.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.