Summit Midstream (SMC) EBITDA (2023 - 2026)
Summit Midstream's (SMC) quarterly EBITDA came in at -$23.0 million in Q1 2026, down 10.4% YoY from -$25.7 million in Q1 2025, and down 8.52% on a QoQ basis from -$21.2 million in Q4 2025.
Summit Midstream (SMC) EBITDA (2023 - 2026) Analysis & Trends
Summit Midstream (SMC) has 4 years of EBITDA data on file, last reported at -$23.0 million in Q1 2026.
- Quarterly EBITDA fell 10.4% year-over-year to -$23.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$78.9 million (up 15.05% YoY) and the FY2025 annual result came in at -$76.8 million, up 51.09% from the prior year.
- EBITDA retreated to -$23.0 million in Q1 2026, from -$21.2 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of -$1.3 million in Q3 2023 to a low of -$84.9 million in Q1 2024.
- A 4-year average of -$24.4 million and a median of -$21.2 million in 2025 frame the typical range for EBITDA.
- Annual changes were most pronounced in 2024 — EBITDA sank 1139.51% — and 2025, when it surged 75.43%.
- Tracing SMC's EBITDA over 4 years: stood at -$10.0 million in 2023, then plunged by 227.51% to -$32.7 million in 2024, then jumped by 35.09% to -$21.2 million in 2025, then decreased by 8.52% to -$23.0 million in 2026.
- The last three EBITDA figures came in at -$23.0 million (Q1 2026), -$21.2 million (Q4 2025), and -$13.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 1.35 Bn |
| 2 | Enbridge | 111.03 Bn | 109.54 Bn | 5.23 Bn | 2.10 Bn |
| 3 | Enterprise Products Partners | 83.34 Bn | 82.44 Bn | - | 2.25 Bn |
| 4 | Energy Transfer | 72.41 Bn | 71.38 Bn | 7.40 Bn | 3.57 Bn |
| 5 | Tc Energy | 65.97 Bn | 58.41 Bn | 1.24 Bn | 1.45 Mn |
| 6 | Oneok | 60.11 Bn | 59.94 Bn | 2.81 Bn | 1.59 Bn |
| 7 | Mplx | 60.04 Bn | 59.01 Bn | 2.73 Bn | 1.38 Bn |
| 8 | Targa Resources | 59.42 Bn | 59.29 Bn | 2.14 Bn | 1.23 Bn |
| 9 | Cheniere Energy | 56.10 Bn | 54.85 Bn | 5.29 Bn | 4.29 Bn |
| 10 | Summit Midstream | 478.76 Mn | 457.79 Mn | 105.92 Mn | -24.13 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -24.13 Mn |
| Mar 31, 2026 | -23.02 Mn |
| Dec 31, 2025 | -21.22 Mn |
| Sep 30, 2025 | -12.98 Mn |
| Jun 30, 2025 | -21.71 Mn |
| Mar 31, 2025 | -20.86 Mn |
| Dec 31, 2024 | -32.69 Mn |
| Sep 30, 2024 | -16.60 Mn |
| Jun 30, 2024 | -22.77 Mn |
| Mar 31, 2024 | -84.88 Mn |
| Dec 31, 2023 | -9.98 Mn |
| Sep 30, 2023 | -1.34 Mn |