Summit Midstream (SMC) Cost of Revenue (2023 - 2026)
Summit Midstream (SMC) reported Cost of Revenue of $38.2 million for Q1 2026, up 13.98% on a YoY basis from $33.5 million in Q1 2025, and down 3.62% quarter-over-quarter from $39.7 million in Q4 2025.
Summit Midstream (SMC) Cost of Revenue (2023 - 2026) Analysis & Trends
Summit Midstream has reported Cost of Revenue for 4 years, with the latest figure at $38.2 million in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue rose 13.98% year-over-year to $38.2 million; the trailing twelve-month figure through Mar 2026 stood at $152.1 million (up 13.99% YoY), and the FY2025 full-year result was $149.1 million, up 29.69% from the prior year.
- Cost of Revenue for Q1 2026 stood at $38.2 million, down from $39.7 million in the prior quarter.
- The five-year high for Cost of Revenue was $42.1 million in Q4 2024, with the low at $27.1 million in Q3 2023.
- Historically, Cost of Revenue has averaged $34.6 million across 4 years, with a median of $35.9 million in 2025.
- The largest YoY upside for Cost of Revenue was 35.8% in 2025 against a maximum downside of 5.75% in 2025.
- Summit Midstream's Cost of Revenue stood at $37.2 million in 2023, then rose by 13.18% to $42.1 million in 2024, then slipped by 5.75% to $39.7 million in 2025, then dropped by 3.62% to $38.2 million in 2026.
- The last three Cost of Revenue figures came in at $38.2 million (Q1 2026), $39.7 million (Q4 2025), and $38.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 89.89 Bn | 90.59 Bn | 6.70 Bn | 9.60 Bn |
| 2 | Enterprise Products Partners | 82.10 Bn | 80.95 Bn | - | - |
| 3 | Kinder Morgan | 70.96 Bn | 72.04 Bn | 3.08 Bn | 1.75 Bn |
| 4 | Energy Transfer | 65.68 Bn | 64.96 Bn | 6.62 Bn | 21.15 Bn |
| 5 | Scorpio Tankers | 59.56 Bn | 58.58 Bn | - | 68.80 Mn |
| 6 | Targa Resources | 58.53 Bn | 58.56 Bn | 1.70 Bn | 2.39 Bn |
| 7 | Oneok | 57.23 Bn | 57.10 Bn | 2.57 Bn | 7.05 Bn |
| 8 | Mplx | 57.20 Bn | 55.69 Bn | 2.54 Bn | 498.00 Mn |
| 9 | Tc Energy | 51.34 Bn | 52.53 Bn | 2.95 Bn | 39.44 Mn |
| 10 | Summit Midstream | 367.77 Mn | 643.56 Mn | 100.93 Mn | 38.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 38.22 Mn |
| Mar 31, 2026 | 38.22 Mn |
| Dec 31, 2025 | 39.65 Mn |
| Dec 31, 2025 | 39.65 Mn |
| Sep 30, 2025 | 38.36 Mn |
| Sep 30, 2025 | 38.36 Mn |
| Jun 30, 2025 | 35.91 Mn |
| Jun 30, 2025 | 35.91 Mn |
| Mar 31, 2025 | 33.53 Mn |
| Mar 31, 2025 | 33.53 Mn |
| Dec 31, 2024 | 42.07 Mn |
| Dec 31, 2024 | 42.07 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 | 37.17 Mn |
| Dec 31, 2023 | 37.17 Mn |