Summit Midstream (SMC) Change in Taxes (2023 - 2026)
Summit Midstream (SMC) reported Change in Taxes of -$5.2 million for Q1 2026, down 17.19% on a YoY basis from -$6.3 million in Q1 2025, and down 325.63% quarter-over-quarter from -$1.2 million in Q4 2025.
Summit Midstream (SMC) Change in Taxes (2023 - 2026) Analysis & Trends
Summit Midstream has reported Change in Taxes for 4 years, with the latest figure at -$5.2 million in Q1 2026.
- For the quarter ending Q1 2026, Change in Taxes fell 17.19% year-over-year to -$5.2 million; the trailing twelve-month figure through Mar 2026 stood at -$119000.0 (down 106.56% YoY), and the FY2025 full-year result was $646000.0, down 35.46% from the prior year.
- Change in Taxes for Q1 2026 stood at -$5.2 million, down from -$1.2 million in the prior quarter.
- The five-year high for Change in Taxes was $3.9 million in Q2 2025, with the low at -$5.3 million in Q1 2024.
- Historically, Change in Taxes has averaged -$299200.0 across 4 years, with a median of $1.1 million in 2023.
- Annual changes were most pronounced in 2024 — Change in Taxes soared 302.61% — and 2025, when it plunged 152.92%.
- Summit Midstream's Change in Taxes 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 89.85 Bn | 90.55 Bn | 6.70 Bn | - |
| 2 | Enterprise Products Partners | 80.59 Bn | 79.44 Bn | - | - |
| 3 | Kinder Morgan | 70.78 Bn | 71.86 Bn | 3.08 Bn | -58.00 Mn |
| 4 | Energy Transfer | 65.32 Bn | 64.60 Bn | 6.62 Bn | - |
| 5 | Scorpio Tankers | 61.31 Bn | 60.32 Bn | - | - |
| 6 | Targa Resources | 58.52 Bn | 58.55 Bn | 1.70 Bn | - |
| 7 | Mplx | 57.50 Bn | 55.99 Bn | 2.54 Bn | - |
| 8 | Oneok | 57.00 Bn | 56.87 Bn | 2.57 Bn | - |
| 9 | Tc Energy | 51.73 Bn | 52.93 Bn | 2.95 Bn | - |
| 10 | Summit Midstream | 367.77 Mn | 643.56 Mn | 100.93 Mn | -5.21 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2023 | 575,000.00 |
| Dec 31, 2023 | 575,000.00 |