Summit Midstream (SMC) Cost of Revenue (2023 - 2026)
Summit Midstream (SMC) posted Cost of Revenue of $39.4 million for Q1 2026, down 0.71% on a QoQ basis from $39.7 million in Q4 2025, and up 11.11% year-over-year from $35.4 million in Q1 2025.
Summit Midstream (SMC) Cost of Revenue (2023 - 2026) Analysis & Trends
Summit Midstream's Cost of Revenue history runs 4 years deep, the most recent figure standing at $39.4 million for 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 was $39.4 million for Q1 2026 at Summit Midstream, down from $39.7 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $39.7 million in Q4 2025 and bottomed at $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 declined 21.88% — and 2025, when it jumped 47.14%.
- Summit Midstream's Cost of Revenue stood at $34.5 million in 2023, then decreased by 21.88% to $26.9 million in 2024, then soared by 47.14% to $39.7 million in 2025, then decreased by 0.71% to $39.4 million in 2026.
- Business Quant data shows SMC's Cost of Revenue at $39.4 million in Q1 2026, $39.7 million in Q4 2025, and $38.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,943.60 Bn | 2,943.47 Bn | 167.16 Mn | 19.13 Mn |
| 2 | Flex LNG | 1,649.28 Bn | 1,648.89 Bn | 61.79 Mn | 18.67 Mn |
| 3 | Enbridge | 120.97 Bn | 119.64 Bn | 6.70 Bn | 9.60 Bn |
| 4 | Kinder Morgan | 112.45 Bn | 112.33 Bn | 3.07 Bn | 1.41 Bn |
| 5 | Enterprise Products Partners | 82.58 Bn | 81.38 Bn | - | - |
| 6 | Tc Energy | 71.17 Bn | 65.47 Bn | 1.36 Bn | 39.44 Mn |
| 7 | Energy Transfer | 68.75 Bn | 67.78 Bn | 6.62 Bn | 21.15 Bn |
| 8 | Mplx | 59.29 Bn | 57.78 Bn | 1.95 Bn | 402.00 Mn |
| 9 | Targa Resources | 57.65 Bn | 57.55 Bn | 1.70 Bn | 2.39 Bn |
| 10 | Summit Midstream | 367.40 Mn | 324.01 Mn | 99.77 Mn | 39.37 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2023 | 34.50 Mn |
| Dec 31, 2023 | 34.50 Mn |