Summit Midstream (SMC) Gross Margin (2023 - 2026)
Summit Midstream's Gross Margin came in at 68.33% for Q2 2026, down 6.06 percentage points from 74.39% a year earlier and down 3.37 percentage points from the prior quarter.
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Analysis
Summit Midstream (SMC) Gross Margin (2023 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Summit Midstream reported Gross Margin of 71.50%, down 2.27 percentage points year-over-year; for FY2025, it was 73.47%, up 0.23 percentage points from FY2024.
- Going back by year, Gross Margin was 73.23% in FY2024 (-2.26 pp) and 75.49% in FY2023.
- The Q2 2026 figure represents the lowest quarterly Gross Margin in data going back to Q3 2023.
- Year-over-year, Gross Margin has declined for three consecutive quarters, with an average year-over-year change of -1.21 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q2 2025 (a gain of 3.62 percentage points), and the weakest in Q2 2026 (a drop of 6.06 percentage points).
- Business Quant data shows SMC's Gross Margin at 71.70% (Q1 2026), 72.13% (Q4 2025) and 74.04% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 101.53 Bn | 99.08 Bn | 4.84 Bn | 22.85% |
| 2 | Enterprise Products Partners | 76.92 Bn | 75.35 Bn | - | - |
| 3 | Energy Transfer | 67.97 Bn | 61.41 Bn | 7.40 Bn | 21.55% |
| 4 | Kinder Morgan | 67.10 Bn | 68.05 Bn | 3.07 Bn | 68.62% |
| 5 | Tc Energy | 60.19 Bn | 63.26 Bn | 2.81 Bn | 98.16% |
| 6 | Targa Resources | 57.97 Bn | 57.59 Bn | 2.14 Bn | 48.15% |
| 7 | Mplx | 57.16 Bn | 50.72 Bn | 2.91 Bn | 87.77% |
| 8 | Cheniere Energy | 55.61 Bn | 55.74 Bn | 5.29 Bn | 92.34% |
| 9 | Oneok | 53.75 Bn | 52.24 Bn | 2.81 Bn | 23.30% |
| 10 | Summit Midstream | 613.89 Mn | 836.12 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 | 72.13% |
| Sep 30, 2025 | 74.04% |
| Jun 30, 2025 | 74.39% |
| 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% |
API Access
Summit Midstream Gross 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=gross-margin&ticker=SMC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=SMC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();