Summit Midstream (SMC) Interest Expenses (2023 - 2026)
Summit Midstream's (SMC) quarterly Interest Expenses came in at $41.3 million in Q1 2026, up 20.85% YoY from $34.2 million in Q1 2025, and up 71.17% on a QoQ basis from $24.1 million in Q4 2025.
Summit Midstream (SMC) Interest Expenses (2023 - 2026) Analysis & Trends
Summit Midstream (SMC) has 4 years of Interest Expenses data on file, last reported at $41.3 million in Q1 2026.
- Quarterly Interest Expenses rose 20.85% year-over-year to $41.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $113.5 million (up 1.55% YoY) and the FY2025 annual result came in at $94.7 million, down 17.94% from the prior year.
- Interest Expenses grew to $41.3 million in Q1 2026, from $24.1 million in the prior quarter.
- In the past five years, Interest Expenses ranged from a high of $41.3 million in Q1 2026 to a low of $20.4 million in Q4 2024.
- A 4-year average of $30.4 million and a median of $31.5 million in 2024 frame the typical range for Interest Expenses.
- Annual changes were most pronounced in 2024 — Interest Expenses plunged 44.51% — and 2026, when it gained 20.85%.
- Tracing SMC's Interest Expenses over 4 years: stood at $36.8 million in 2023, then sank by 44.51% to $20.4 million in 2024, then rose by 18.18% to $24.1 million in 2025, then jumped by 71.17% to $41.3 million in 2026.
- The last three Interest Expenses figures came in at $41.3 million (Q1 2026), $24.1 million (Q4 2025), and $24.2 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 256.00 Mn |
| 2 | Enbridge | 110.69 Bn | 109.19 Bn | 5.23 Bn | 1.01 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 974.00 Mn |
| 4 | Energy Transfer | 72.64 Bn | 71.61 Bn | 7.40 Bn | 934.00 Mn |
| 5 | Tc Energy | 65.84 Bn | 58.29 Bn | 1.24 Bn | 1.23 Bn |
| 6 | Mplx | 60.05 Bn | 59.02 Bn | 2.73 Bn | 322.00 Mn |
| 7 | Oneok | 59.98 Bn | 59.82 Bn | 2.81 Bn | 434.00 Mn |
| 8 | Targa Resources | 59.50 Bn | 59.37 Bn | 2.14 Bn | 959.20 Mn |
| 9 | Cheniere Energy | 55.93 Bn | 54.68 Bn | 5.29 Bn | 3.05 Bn |
| 10 | Summit Midstream | 481.04 Mn | 460.07 Mn | 105.92 Mn | 27.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 27.40 Mn |
| Jun 30, 2026 | 27.40 Mn |
| Mar 31, 2026 | 41.33 Mn |
| Mar 31, 2026 | 41.33 Mn |
| Dec 31, 2025 | 24.15 Mn |
| Dec 31, 2025 | 24.15 Mn |
| Sep 30, 2025 | 24.19 Mn |
| Sep 30, 2025 | 24.19 Mn |
| Jun 30, 2025 | 23.86 Mn |
| Jun 30, 2025 | 23.86 Mn |
| Mar 31, 2025 | 34.20 Mn |
| Mar 31, 2025 | 34.20 Mn |
| Dec 31, 2024 | 20.43 Mn |
| Dec 31, 2024 | 20.43 Mn |
| Sep 30, 2024 | 25.71 Mn |
| Sep 30, 2024 | 25.71 Mn |
| Jun 30, 2024 | 31.46 Mn |
| Jun 30, 2024 | 31.46 Mn |
| Mar 31, 2024 | 37.85 Mn |
| Mar 31, 2024 | 37.85 Mn |