Summit Midstream (SMC) Net Income (2023 - 2026)
Summit Midstream (SMC) posted Net Income of -$3.2 million for Q1 2026, up 56.7% on a QoQ basis from -$7.3 million in Q4 2025, and down 168.32% year-over-year from $4.6 million in Q1 2025.
Summit Midstream (SMC) Net Income (2023 - 2026) Analysis & Trends
Summit Midstream's Net Income history runs 4 years deep, the most recent figure standing at -$3.2 million for Q1 2026.
- Quarterly Net Income fell 168.32% year-over-year to -$3.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$9.7 million (up 95.98% YoY) and the FY2025 annual result came in at -$1.9 million, up 98.32% from the prior year.
- Net Income was -$3.2 million for Q1 2026 at Summit Midstream, up from -$7.3 million in the prior quarter.
- Across five years, Net Income topped out at $132.9 million in Q1 2024 and bottomed at -$197.5 million in Q3 2024.
- A 4-year average of -$11.8 million and a median of -$4.2 million in 2025 frame the typical range for Net Income.
- Annual changes were most pronounced in 2024 — Net Income sank 5199.15% — and 2025, when it jumped 102.53%.
- Summit Midstream's Net Income stood at -$15.1 million in 2023, then plunged by 63.93% to -$24.8 million in 2024, then jumped by 70.5% to -$7.3 million in 2025, then soared by 56.7% to -$3.2 million in 2026.
- Business Quant data shows SMC's Net Income at -$3.2 million in Q1 2026, -$7.3 million in Q4 2025, and $5.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 164.78 Mn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 19.51 Mn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 894.00 Mn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 1.30 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 1.50 Bn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 847.60 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 1.98 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 487.40 Mn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 776.00 Mn |
| 10 | Summit Midstream | 371.60 Mn | 647.38 Mn | 99.77 Mn | -3.17 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -3.17 Mn |
| Dec 31, 2025 | -7.31 Mn |
| Sep 30, 2025 | 5.00 Mn |
| Jun 30, 2025 | -4.23 Mn |
| Mar 31, 2025 | 4.63 Mn |
| Dec 31, 2024 | -24.78 Mn |
| Sep 30, 2024 | -197.54 Mn |
| Jun 30, 2024 | -23.78 Mn |
| Mar 31, 2024 | 132.93 Mn |
| Dec 31, 2023 | -15.12 Mn |
| Sep 30, 2023 | 3.87 Mn |