Summit Midstream (SMC) Cost of Revenue (2023 - 2026)
Summit Midstream (SMC) reported Cost of Revenue of $49.09 million for Q2 2026, up 36.7% from $35.91 million a year earlier and up 24.7% from the prior quarter.
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Analysis
Summit Midstream (SMC) Cost of Revenue (2023 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Summit Midstream's Cost of Revenue came in at $166.26 million, up 31.4% year-over-year; for FY2025, it came in at $149.14 million, up 29.7% from FY2024.
- By year, Cost of Revenue came in at $115 million in FY2024 (+2.3%) and $112.46 million in FY2023.
- The Q2 2026 figure ranks as the highest quarterly Cost of Revenue in data going back to Q3 2023.
- Year over year, Cost of Revenue has now increased in each of the last six quarters, with growth averaging 18.9% over the last eight quarters.
- The high point for year-over-year Cost of Revenue in five years was Q4 2025 (growth of 47.1%); the low point was Q4 2024 (a decline of 21.9%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $39.37 million (Q1 2026), $39.65 million (Q4 2025) and $38.14 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 100.40 Bn | 97.94 Bn | 4.84 Bn | 16.35 Bn |
| 2 | Williams Companies | 86.28 Bn | 85.00 Bn | 2.54 Bn | 515.00 Mn |
| 3 | Enterprise Products Partners | 78.15 Bn | 76.58 Bn | - | - |
| 4 | Energy Transfer | 70.55 Bn | 63.99 Bn | 7.40 Bn | 26.94 Bn |
| 5 | Kinder Morgan | 69.13 Bn | 70.08 Bn | 3.07 Bn | 1.41 Bn |
| 6 | Tc Energy | 61.50 Bn | 64.57 Bn | 2.81 Bn | 52.77 Mn |
| 7 | Targa Resources | 60.39 Bn | 60.01 Bn | 2.14 Bn | 2.30 Bn |
| 8 | Mplx | 57.19 Bn | 50.75 Bn | 2.91 Bn | 405.00 Mn |
| 9 | Cheniere Energy | 55.74 Bn | 55.87 Bn | 5.29 Bn | 439.00 Mn |
| 10 | Summit Midstream | 626.28 Mn | 848.51 Mn | 105.92 Mn | 49.09 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 49.09 Mn |
| Mar 31, 2026 | 39.37 Mn |
| Dec 31, 2025 | 39.65 Mn |
| Sep 30, 2025 | 38.14 Mn |
| Jun 30, 2025 | 35.91 Mn |
| Mar 31, 2025 | 35.43 Mn |
| Dec 31, 2024 | 26.95 Mn |
| Sep 30, 2024 | 28.25 Mn |
| Jun 30, 2024 | 29.62 Mn |
| Mar 31, 2024 | 30.18 Mn |
| Dec 31, 2023 | 34.50 Mn |
| Sep 30, 2023 | 27.11 Mn |
API Access
Summit Midstream Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=SMC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "SMC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=SMC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();