Summit Midstream (SMC) Gross Margin (2023 - 2026)

Summit Midstream's Gross Margin history runs 4 years deep, the most recent figure standing at 71.7% for Q1 2026.

• Quarterly Gross Margin fell 159.0% year-over-year to 71.7% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 73.08% (up 19.0% YoY) and the FY2025 annual result came in at 73.47%, up 23.0% from the prior year.
• Gross Margin was 71.7% for Q1 2026 at Summit Midstream, down from 72.13% in the prior quarter.
• Across five years, Gross Margin topped out at 77.63% in Q3 2023 and bottomed at 70.77% in Q2 2024.
• A 4-year average of 73.52% and a median of 73.3% in 2025 frame the typical range for Gross Margin.
• Annual changes were most pronounced in 2024 — Gross Margin slumped 521 bps — and 2025, when it soared 362 bps.
• Summit Midstream's Gross Margin stood at 72.91% in 2023, then climbed by 3 bps to 74.82% in 2024, then declined by 4 bps to 72.13% in 2025, then declined by 1 bps to 71.7% in 2026.
• Business Quant data shows SMC's Gross Margin at 71.7% in Q1 2026, 72.13% in Q4 2025, and 74.04% in Q3 2025.