Summit Midstream (SMC) FCF Margin (2023 - 2026)
Summit Midstream (SMC) reported FCF Margin of 8.92% for Q1 2026, down 547.0% on a YoY basis from 1.99% in Q1 2025, and down 136.73% quarter-over-quarter from 24.28% in Q4 2025.
Summit Midstream (SMC) FCF Margin (2023 - 2026) Analysis & Trends
Summit Midstream has reported FCF Margin for 4 years, with the latest figure at 8.92% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin fell 547.0% year-over-year to 8.92%; the trailing twelve-month figure through Mar 2026 stood at 6.46% (up 1179.0% YoY), and the FY2025 full-year result was 7.93%, up 603.0% from the prior year.
- FCF Margin for Q1 2026 stood at 8.92%, down from 24.28% in the prior quarter.
- The five-year high for FCF Margin was 24.28% in Q4 2025, with the low at 22.86% in Q2 2024.
- Historically, FCF Margin has averaged 2.37% across 4 years, with a median of 0.41% in 2024.
- The largest YoY upside for FCF Margin was 3058 bps in 2025 against a maximum downside of 2635 bps in 2025.
- Summit Midstream's FCF Margin stood at 2.27% in 2023, then jumped by 342 bps to 5.51% in 2024, then soared by 341 bps to 24.28% in 2025, then sank by 137 bps to 8.92% in 2026.
- The last three FCF Margin figures came in at 8.92% (Q1 2026), 24.28% (Q4 2025), and 2.56% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | -0.43% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 3.38% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 28.13% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 5.26% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 25.41% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | -3.91% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 0.73% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 13.15% |
| 10 | Summit Midstream | 365.55 Mn | 641.34 Mn | 100.93 Mn | -8.92% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -8.92% |
| Dec 31, 2025 | 24.28% |
| Sep 30, 2025 | 2.56% |
| Jun 30, 2025 | 7.72% |
| Mar 31, 2025 | -3.45% |
| Dec 31, 2024 | 5.51% |
| Sep 30, 2024 | -1.75% |
| Jun 30, 2024 | -22.86% |
| Mar 31, 2024 | 22.90% |
| Dec 31, 2023 | -2.27% |