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
DateValue
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%