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's Net Margin history runs 4 years deep, the most recent figure standing at 1.53% for Q1 2026.
- Quarterly Net Margin fell 338.0% year-over-year to 1.53% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 2.33% (down 259.0% YoY) and the FY2025 annual result came in at 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.
- Across five years, Net Margin topped out at 7.23% in Q3 2024 and bottomed 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.
- Summit Midstream's Net Margin stood at 5.37% in 2023, then slumped 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.
- Business Quant data shows SMC's Net Margin at 1.53% in Q1 2026, 0.54% in Q4 2025, and 4.48% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 88.32% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 21.07% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 19.97% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 7.47% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 10.40% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 0.05% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 4.30% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 11.71% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 8.07% |
| 10 | Summit Midstream | 371.60 Mn | 647.38 Mn | 99.77 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% |