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| 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% |