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

Summit Midstream has reported Gross Margin for 4 years, with the latest figure at 72.53% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin fell 220.0% year-over-year to 72.53%; the trailing twelve-month figure through Mar 2026 stood at 73.24% (up 334.0% YoY), and the FY2025 full-year result was 73.47%, up 23.0% from the prior year.
• Gross Margin for Q1 2026 stood at 72.53%, up from 72.13% in the prior quarter.
• The five-year high for Gross Margin was 77.63% in Q3 2023, with the low at 60.69% in Q4 2024.
• Historically, Gross Margin has averaged 72.24% across 4 years, with a median of 72.53% in 2026.
• Annual changes were most pronounced in 2024 — Gross Margin tumbled 1012 bps — and 2025, when it surged 1145 bps.
• Summit Midstream's Gross Margin stood at 70.8% in 2023, then slipped by 14 bps to 60.69% in 2024, then advanced by 19 bps to 72.13% in 2025, then advanced by 1 bps to 72.53% in 2026.
• The last three Gross Margin figures came in at 72.53% (Q1 2026), 72.13% (Q4 2025), and 73.89% (Q3 2025), per Business Quant data.