Summit Midstream (SMC) FCF Margin (2023 - 2026)
Summit Midstream's (SMC) quarterly FCF Margin came in at 12.22% in Q2 2026, up 450.0% on a YoY basis from 2.22% in Q2 2025, and up 237.02% quarter-over-quarter from 8.92% in Q1 2026.
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Summit Midstream (SMC) FCF Margin (2023 - 2026) Analysis & Trends
Summit Midstream (SMC) has reported FCF Margin for 4 consecutive years, with 12.22% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, FCF Margin rose 450.0% year-over-year to 12.22%; the trailing twelve-month figure through Jun 2026 stood at 7.69% (up 554.0% YoY), and the FY2025 full-year result was 7.93%, up 603.0% from the prior year.
- FCF Margin grew to 12.22% in Q2 2026 per SMC's latest filing, from 8.92% in the prior quarter.
- Across five years, FCF Margin topped out at 24.28% in Q4 2025 and bottomed at 22.86% in Q2 2024.
- Historically, FCF Margin has averaged 3.27% across 4 years, with a median of 2.56% in 2025.
- The widest YoY moves for FCF Margin: up 3058 bps in 2025, down 2635 bps in 2025.
- Over 4 years, FCF Margin stood at 2.27% in 2023, then soared by 342 bps to 5.51% in 2024, then surged by 341 bps to 24.28% in 2025, then sank by 50 bps to 12.22% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 12.22%, 8.92%, and 24.28% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 21.84% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 11.07% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 7.88% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 92.82% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 9.71% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 26.48% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 11.95% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 3.87% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 51.81% |
| 10 | Summit Midstream | 694.72 Mn | 994.24 Mn | 105.92 Mn | 12.22% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.22% |
| 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% |