Summit Midstream (SMC) FCF Margin (2023 - 2026)
Summit Midstream's (SMC) quarterly FCF Margin came in at 8.92% in Q1 2026, down 547.0% YoY from 1.99% in Q1 2025, and down 136.73% on a QoQ basis from 24.28% in Q4 2025.
Summit Midstream (SMC) FCF Margin (2023 - 2026) Analysis & Trends
Summit Midstream (SMC) has 4 years of FCF Margin data on file, last reported at 8.92% in Q1 2026.
- Quarterly FCF Margin fell 547.0% year-over-year to 8.92% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 6.46% (up 1179.0% YoY) and the FY2025 annual result came in at 7.93%, up 603.0% from the prior year.
- FCF Margin retreated to 8.92% in Q1 2026, from 24.28% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 24.28% in Q4 2025 to a low of 22.86% in Q2 2024.
- A 4-year average of 2.37% and a median of 0.41% in 2024 frame the typical range for FCF Margin.
- The widest YoY moves for FCF Margin: up 3058 bps in 2025, down 2635 bps in 2025.
- Tracing SMC's FCF Margin over 4 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 21.84% |
| 2 | Enbridge | 110.69 Bn | 109.19 Bn | 5.23 Bn | 3.87% |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 11.07% |
| 4 | Energy Transfer | 72.64 Bn | 71.61 Bn | 7.40 Bn | 7.88% |
| 5 | Tc Energy | 65.84 Bn | 58.29 Bn | 1.24 Bn | 146.27% |
| 6 | Mplx | 60.05 Bn | 59.02 Bn | 2.73 Bn | 26.48% |
| 7 | Oneok | 59.98 Bn | 59.82 Bn | 2.81 Bn | 11.95% |
| 8 | Targa Resources | 59.50 Bn | 59.37 Bn | 2.14 Bn | 9.71% |
| 9 | Cheniere Energy | 55.93 Bn | 54.68 Bn | 5.29 Bn | 6.94% |
| 10 | Summit Midstream | 481.04 Mn | 460.07 Mn | 105.92 Mn | 12.22% |
Historic Data
Download 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% |