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

Summit Midstream (SMC) has reported Net Margin for 4 consecutive years, with 1.91% the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Net Margin fell 80.0% year-over-year to 1.91%; the trailing twelve-month figure through Jun 2026 stood at 2.13% (down 170.0% YoY), and the FY2025 full-year result was 3.14%, down 205.0% from the prior year.
• Net Margin grew to 1.91% in Q2 2026 per SMC's latest filing, from 1.53% 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.
• Historically, Net Margin has averaged 3.98% across 4 years, with a median of 4.7% in 2025.
• The widest YoY moves for Net Margin: up 176 bps in 2024, down 467 bps in 2024.
• Over 4 years, 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 255 bps to 1.91% in 2026.
• According to Business Quant data, Net Margin over the past three periods registered 1.91%, 1.53%, and 0.54% for Q2 2026, Q1 2026, and Q4 2025 respectively.