Summit Midstream (SMC) Cost of Revenue (2023 - 2026)
Summit Midstream's (SMC) quarterly Cost of Revenue came in at $39.4 million in Q1 2026, up 11.11% YoY from $35.4 million in Q1 2025, and down 0.71% on a QoQ basis from $39.7 million in Q4 2025.
Summit Midstream (SMC) Cost of Revenue (2023 - 2026) Analysis & Trends
Summit Midstream (SMC) has 4 years of Cost of Revenue data on file, last reported at $39.4 million in Q1 2026.
- Quarterly Cost of Revenue rose 11.11% year-over-year to $39.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $153.1 million (up 27.3% YoY) and the FY2025 annual result came in at $149.1 million, up 29.69% from the prior year.
- Cost of Revenue fell to $39.4 million in Q1 2026, from $39.7 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $39.7 million in Q4 2025 to a low of $26.9 million in Q4 2024.
- A 4-year average of $33.2 million and a median of $34.5 million in 2023 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2024 — Cost of Revenue decreased 21.88% — and 2025, when it jumped 47.14%.
- Tracing SMC's Cost of Revenue over 4 years: stood at $34.5 million in 2023, then fell by 21.88% to $26.9 million in 2024, then jumped by 47.14% to $39.7 million in 2025, then fell by 0.71% to $39.4 million in 2026.
- The last three Cost of Revenue figures came in at $39.4 million (Q1 2026), $39.7 million (Q4 2025), and $38.1 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 1.41 Bn |
| 2 | Enbridge | 110.69 Bn | 109.19 Bn | 5.23 Bn | 15.96 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | - |
| 4 | Energy Transfer | 72.64 Bn | 71.61 Bn | 7.40 Bn | 26.94 Bn |
| 5 | Tc Energy | 65.84 Bn | 58.29 Bn | 1.24 Bn | 52.77 Mn |
| 6 | Mplx | 60.05 Bn | 59.02 Bn | 2.73 Bn | 587.00 Mn |
| 7 | Oneok | 59.98 Bn | 59.82 Bn | 2.81 Bn | 9.24 Bn |
| 8 | Targa Resources | 59.50 Bn | 59.37 Bn | 2.14 Bn | 2.30 Bn |
| 9 | Cheniere Energy | 55.93 Bn | 54.68 Bn | 5.29 Bn | 439.00 Mn |
| 10 | Summit Midstream | 481.04 Mn | 460.07 Mn | 105.92 Mn | 49.09 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 49.09 Mn |
| Jun 30, 2026 | 49.09 Mn |
| Mar 31, 2026 | 39.37 Mn |
| Mar 31, 2026 | 39.37 Mn |
| Dec 31, 2025 | 39.65 Mn |
| Dec 31, 2025 | 39.65 Mn |
| Sep 30, 2025 | 38.14 Mn |
| Sep 30, 2025 | 38.14 Mn |
| Jun 30, 2025 | 35.91 Mn |
| Jun 30, 2025 | 35.91 Mn |
| Mar 31, 2025 | 35.43 Mn |
| Mar 31, 2025 | 35.43 Mn |
| Dec 31, 2024 | 26.95 Mn |
| Dec 31, 2024 | 26.95 Mn |
| Sep 30, 2024 | 28.25 Mn |
| Sep 30, 2024 | 28.25 Mn |
| Jun 30, 2024 | 29.62 Mn |
| Jun 30, 2024 | 29.62 Mn |
| Mar 31, 2024 | 30.18 Mn |
| Mar 31, 2024 | 30.18 Mn |