Summit Midstream (SMC) Debt to Equity (2023 - 2026)
Summit Midstream (SMC) posted Debt to Equity of $1.38 for Q1 2026, down 27.74% on a QoQ basis from $1.91 in Q4 2025, and up 23.55% year-over-year from $1.12 in Q1 2025.
Summit Midstream (SMC) Debt to Equity (2023 - 2026) Analysis & Trends
Summit Midstream (SMC) has reported Debt to Equity for 4 consecutive years, with $1.38 the latest figure, recorded in Q1 2026.
- Debt to Equity for Q1 2026 came in at $1.38, up 23.55% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.38 (up 23.55% YoY), and the FY2025 annual result was $1.91, up 85.95% from the prior year.
- Debt to Equity was $1.38 for Q1 2026 at Summit Midstream, down from $1.91 in the prior quarter.
- Over five years, Debt to Equity peaked at $11.8 in Q4 2023 and troughed at $1.03 in Q4 2024.
- A 4-year average of $2.72 and a median of $1.43 in 2026 frame the typical range for Debt to Equity.
- Annual changes were most pronounced in 2024 — Debt to Equity plunged 91.27% — and 2025, when it jumped 85.95%.
- Year by year, Debt to Equity stood at $11.8 in 2023, then slumped by 91.27% to $1.03 in 2024, then surged by 85.95% to $1.91 in 2025, then retreated by 27.74% to $1.38 in 2026.
- Per Business Quant, the three latest SMC Debt to Equity figures stand at $1.38 (Q1 2026), $1.91 (Q4 2025), and $1.96 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 1.66 |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 1.02 |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 1.12 |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 2.01 |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 5.85 |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 1.79 |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 1.43 |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 182.28 |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 3.41 |
| 10 | Summit Midstream | 351.13 Mn | 626.92 Mn | 100.93 Mn | 1.38 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.38 |
| Dec 31, 2025 | 1.91 |
| Sep 30, 2025 | 1.96 |
| Jun 30, 2025 | 1.12 |
| Mar 31, 2025 | 1.12 |
| Dec 31, 2024 | 1.03 |
| Sep 30, 2024 | 1.47 |
| Dec 31, 2023 | 11.80 |