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

Summit Midstream (SMC) has reported Gross Margin for 4 consecutive years, with 72.53% the latest figure, recorded in Q1 2026.

• Gross Margin for Q1 2026 came in at 72.53%, down 220.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 73.24% (up 334.0% YoY), and the FY2025 annual result was 73.47%, up 23.0% from the prior year.
• Gross Margin was 72.53% for Q1 2026 at Summit Midstream, up from 72.13% in the prior quarter.
• Over five years, Gross Margin peaked at 77.63% in Q3 2023 and troughed at 60.69% in Q4 2024.
• A 4-year average of 72.24% and a median of 72.53% in 2026 frame the typical range for Gross Margin.
• Annual changes were most pronounced in 2024 — Gross Margin slumped 1012 bps — and 2025, when it soared 1145 bps.
• Year by year, Gross Margin stood at 70.8% in 2023, then declined by 14 bps to 60.69% in 2024, then grew by 19 bps to 72.13% in 2025, then grew by 1 bps to 72.53% in 2026.
• Per Business Quant, the three latest SMC Gross Margin figures stand at 72.53% (Q1 2026), 72.13% (Q4 2025), and 73.89% (Q3 2025).