Summit Midstream (SMC) Gross Margin (2023 - 2026)
Summit Midstream's (SMC) quarterly Gross Margin came in at 68.33% in Q2 2026, down 368.0% on a YoY basis from 25.5% in Q2 2025, and down 4.7% quarter-over-quarter from 71.7% in Q1 2026.
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Summit Midstream (SMC) Gross Margin (2023 - 2026) Analysis & Trends
Summit Midstream (SMC) has reported Gross Margin for 4 consecutive years, with 68.33% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 368.0% year-over-year to 68.33%; the trailing twelve-month figure through Jun 2026 stood at 71.74% (down 133.0% YoY), and the FY2025 full-year result was 73.47%, up 23.0% from the prior year.
- Gross Margin slipped to 68.33% in Q2 2026 per SMC's latest filing, from 71.7% in the prior quarter.
- Across five years, Gross Margin topped out at 77.63% in Q3 2023 and bottomed at 68.33% in Q2 2026.
- Historically, Gross Margin has averaged 72.97% across 4 years, with a median of 73.1% in 2023.
- The widest YoY moves for Gross Margin: up 191 bps in 2024, down 521 bps in 2024.
- Over 4 years, Gross Margin stood at 72.91% in 2023, then climbed by 3 bps to 74.82% in 2024, then fell by 2 bps to 73.29% in 2025, then retreated by 7 bps to 68.33% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 68.33%, 71.7%, and 73.29% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 68.62% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | - |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 21.55% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 62.88% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 48.15% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 82.28% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 23.30% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 24.69% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 43.36% |
| 10 | Summit Midstream | 694.72 Mn | 994.24 Mn | 105.92 Mn | 68.33% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 68.33% |
| Mar 31, 2026 | 71.70% |
| Dec 31, 2025 | 73.29% |
| Sep 30, 2025 | 73.89% |
| Jun 30, 2025 | 72.01% |
| Mar 31, 2025 | 73.30% |
| Dec 31, 2024 | 74.82% |
| Sep 30, 2024 | 72.42% |
| Jun 30, 2024 | 70.77% |
| Mar 31, 2024 | 74.61% |
| Dec 31, 2023 | 72.91% |
| Sep 30, 2023 | 77.63% |