Summit Midstream (SMC) FCF Margin (2023 - 2026)
Summit Midstream (SMC) recorded FCF Margin of -8.57% in Q3 2026, down 11.13 percentage points from 2.56% a year earlier and down 20.79 percentage points from the prior quarter.
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Analysis
Summit Midstream (SMC) FCF Margin (2023 - 2026) Analysis & Trends
On a TTM basis, Summit Midstream's FCF Margin came in at 4.10% as of Sep 30, 2026, up 1.08 percentage points year-over-year; for FY2025, it was 7.93%, up 6.03 percentage points from FY2024.
- Across earlier years, FCF Margin came in at 1.90% in FY2024 (-10.74 pp) and 12.64% in FY2023.
- Quarterly FCF Margin has ranged from -22.86% in Q2 2024 to 24.28% in Q4 2025 over the past five years.
- On a year-over-year basis, FCF Margin rose in five of the last eight quarters, with an average year-over-year change of +2.87 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 30.58 percentage points in Q2 2025, against a drop of 26.35 percentage points in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 12.22% (Q2 2026), -8.92% (Q1 2026) and 24.28% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 106.26 Bn | 104.14 Bn | 4.35 Bn | -3.51% |
| 2 | Williams Companies | 86.41 Bn | 89.20 Bn | 2.59 Bn | -30.53% |
| 3 | Enterprise Products Partners | 82.58 Bn | 80.98 Bn | 14.00 Mn | 6.28% |
| 4 | Kinder Morgan | 71.13 Bn | 71.22 Bn | 2.97 Bn | 12.03% |
| 5 | Tc Energy | 67.40 Bn | 71.05 Bn | - | - |
| 6 | Energy Transfer | 66.89 Bn | 62.98 Bn | 6.57 Bn | 5.76% |
| 7 | Targa Resources | 63.77 Bn | 62.98 Bn | 2.02 Bn | 2.15% |
| 8 | Cheniere Energy | 63.04 Bn | 62.60 Bn | 2.97 Bn | 28.09% |
| 9 | Mplx | 58.00 Bn | 52.25 Bn | 3.19 Bn | 18.92% |
| 10 | Summit Midstream | 622.23 Mn | 862.39 Mn | 123.27 Mn | -8.57% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -8.57% |
| 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% |
API Access
Summit Midstream FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=SMC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "SMC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=SMC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();