Summit Midstream (SMC) Net Margin (2023 - 2026)
Summit Midstream (SMC) posted Net Margin of 1.53% for Q1 2026, up 184.98% on a QoQ basis from 0.54% in Q4 2025, and down 338.0% year-over-year from 0.64% in Q1 2025.
Summit Midstream (SMC) Net Margin (2023 - 2026) Analysis & Trends
Summit Midstream (SMC) has reported Net Margin for 4 consecutive years, with 1.53% the latest figure, recorded in Q1 2026.
- Net Margin for Q1 2026 came in at 1.53%, down 338.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 2.33% (down 259.0% YoY), and the FY2025 annual result was 3.14%, down 205.0% from the prior year.
- Net Margin was 1.53% for Q1 2026 at Summit Midstream, up from 0.54% in the prior quarter.
- Over five years, Net Margin peaked at 7.23% in Q3 2024 and troughed at 0.54% in Q4 2025.
- A 4-year average of 4.17% and a median of 4.91% in 2025 frame the typical range for Net Margin.
- Peak annual rise in Net Margin reached 176 bps in 2024, while the deepest fall reached 467 bps in 2024.
- Year by year, Net Margin stood at 5.37% in 2023, then plunged by 87 bps to 0.7% in 2024, then dropped by 24 bps to 0.54% in 2025, then jumped by 185 bps to 1.53% in 2026.
- Per Business Quant, the three latest SMC Net Margin figures stand at 1.53% (Q1 2026), 0.54% (Q4 2025), and 4.48% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 7.47% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 20.73% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 10.39% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 4.30% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 11.71% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 30.35% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 8.07% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 5.08% |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 10.61% |
| 10 | Summit Midstream | 351.13 Mn | 626.92 Mn | 100.93 Mn | 1.53% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.53% |
| Dec 31, 2025 | 0.54% |
| Sep 30, 2025 | 4.48% |
| Jun 30, 2025 | 2.71% |
| Mar 31, 2025 | 4.91% |
| Dec 31, 2024 | 0.70% |
| Sep 30, 2024 | 7.23% |
| Jun 30, 2024 | 7.09% |
| Mar 31, 2024 | 5.88% |
| Dec 31, 2023 | 5.37% |
| Sep 30, 2023 | 5.47% |