Summit Midstream (SMC) Net Margin (2023 - 2026)

Summit Midstream (SMC) reported Net Margin of 1.53% for Q1 2026, down 338.0% on a YoY basis from 0.64% in Q1 2025, and up 184.98% quarter-over-quarter from 0.54% in Q4 2025.

Summit Midstream (SMC) Net Margin (2023 - 2026) Analysis & Trends

Summit Midstream has reported Net Margin for 4 years, with the latest figure at 1.53% in Q1 2026.

  • For the quarter ending Q1 2026, Net Margin fell 338.0% year-over-year to 1.53%; the trailing twelve-month figure through Mar 2026 stood at 2.33% (down 259.0% YoY), and the FY2025 full-year result was 3.14%, down 205.0% from the prior year.
  • Net Margin for Q1 2026 stood at 1.53%, up from 0.54% in the prior quarter.
  • The five-year high for Net Margin was 7.23% in Q3 2024, with the low at 0.54% in Q4 2025.
  • Historically, Net Margin has averaged 4.17% across 4 years, with a median of 4.91% in 2025.
  • The largest YoY upside for Net Margin was 176 bps in 2024 against a maximum downside of 467 bps in 2024.
  • Summit Midstream's Net Margin stood at 5.37% in 2023, then plunged by 87 bps to 0.7% in 2024, then decreased by 24 bps to 0.54% in 2025, then surged by 185 bps to 1.53% in 2026.
  • The last three Net Margin figures came in at 1.53% (Q1 2026), 0.54% (Q4 2025), and 4.48% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Enbridge 88.33 Bn 89.03 Bn 6.70 Bn 7.47%
2 Enterprise Products Partners 80.83 Bn 79.68 Bn - 10.39%
3 Kinder Morgan 69.66 Bn 70.75 Bn 3.08 Bn 20.73%
4 Energy Transfer 65.60 Bn 64.88 Bn 6.62 Bn 4.30%
5 Scorpio Tankers 59.17 Bn 58.19 Bn - -
6 Mplx 57.43 Bn 55.92 Bn 2.54 Bn 30.35%
7 Targa Resources 56.68 Bn 56.71 Bn 1.70 Bn 11.71%
8 Oneok 55.34 Bn 55.21 Bn 2.57 Bn 8.07%
9 Tc Energy 50.79 Bn 51.99 Bn 2.95 Bn 23.51%
10 Summit Midstream 365.55 Mn 641.34 Mn 100.93 Mn 1.53%

Historic Data

Download Data
DateValue
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%