Summit Midstream (SMC) Change in Taxes (2023 - 2026)
Summit Midstream's (SMC) quarterly Change in Taxes came in at -$5.2 million in Q1 2026, down 17.19% YoY from -$6.3 million in Q1 2025, and down 325.63% on a QoQ basis from -$1.2 million in Q4 2025.
Summit Midstream (SMC) Change in Taxes (2023 - 2026) Analysis & Trends
Summit Midstream (SMC) has 4 years of Change in Taxes data on file, last reported at -$5.2 million in Q1 2026.
- Quarterly Change in Taxes fell 17.19% year-over-year to -$5.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$119000.0 (down 106.56% YoY) and the FY2025 annual result came in at $646000.0, down 35.46% from the prior year.
- Change in Taxes fell to -$5.2 million in Q1 2026, from -$1.2 million in the prior quarter.
- In the past five years, Change in Taxes ranged from a high of $3.9 million in Q2 2025 to a low of -$5.3 million in Q1 2024.
- A 4-year average of -$299200.0 and a median of $1.1 million in 2023 frame the typical range for Change in Taxes.
- Annual changes were most pronounced in 2024 — Change in Taxes soared 302.61% — and 2025, when it plunged 152.92%.
- Tracing SMC's Change in Taxes over 4 years: stood at $575000.0 in 2023, then jumped by 302.61% to $2.3 million in 2024, then sank by 152.92% to -$1.2 million in 2025, then sank by 325.63% to -$5.2 million in 2026.
- The last three Change in Taxes figures came in at -$5.2 million (Q1 2026), -$1.2 million (Q4 2025), and $2.4 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 18.00 Mn |
| 2 | Enbridge | 110.69 Bn | 109.19 Bn | 5.23 Bn | - |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | - |
| 4 | Energy Transfer | 72.64 Bn | 71.61 Bn | 7.40 Bn | - |
| 5 | Tc Energy | 65.84 Bn | 58.29 Bn | 1.24 Bn | - |
| 6 | Mplx | 60.05 Bn | 59.02 Bn | 2.73 Bn | - |
| 7 | Oneok | 59.98 Bn | 59.82 Bn | 2.81 Bn | - |
| 8 | Targa Resources | 59.50 Bn | 59.37 Bn | 2.14 Bn | - |
| 9 | Cheniere Energy | 55.93 Bn | 54.68 Bn | 5.29 Bn | - |
| 10 | Summit Midstream | 481.04 Mn | 460.07 Mn | 105.92 Mn | 2.25 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.25 Mn |
| Jun 30, 2026 | 2.25 Mn |
| Mar 31, 2026 | -5.21 Mn |
| Mar 31, 2026 | -5.21 Mn |
| Dec 31, 2025 | -1.23 Mn |
| Dec 31, 2025 | -1.23 Mn |
| Sep 30, 2025 | 2.41 Mn |
| Sep 30, 2025 | 2.41 Mn |
| Jun 30, 2025 | 3.91 Mn |
| Jun 30, 2025 | 3.91 Mn |
| Mar 31, 2025 | -4.45 Mn |
| Mar 31, 2025 | -4.45 Mn |
| Dec 31, 2024 | 2.32 Mn |
| Dec 31, 2024 | 2.32 Mn |
| Sep 30, 2024 | 2.41 Mn |
| Sep 30, 2024 | 2.41 Mn |
| Jun 30, 2024 | 1.54 Mn |
| Jun 30, 2024 | 1.54 Mn |
| Mar 31, 2024 | -5.26 Mn |
| Mar 31, 2024 | -5.26 Mn |