Summit Midstream (SMC) Net Margin (2023 - 2026)
Summit Midstream's (SMC) quarterly Net Margin came in at 1.53% in Q1 2026, down 338.0% YoY from 0.64% in Q1 2025, and up 184.98% on a QoQ basis from 0.54% in Q4 2025.
Summit Midstream (SMC) Net Margin (2023 - 2026) Analysis & Trends
Summit Midstream (SMC) has 4 years of Net Margin data on file, last reported at 1.53% in 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 advanced to 1.53% in Q1 2026, from 0.54% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 7.23% in Q3 2024 to a low of 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.
- The widest YoY moves for Net Margin: up 176 bps in 2024, down 467 bps in 2024.
- Tracing SMC's Net Margin over 4 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 19.97% |
| 2 | Enbridge | 110.69 Bn | 109.19 Bn | 5.23 Bn | 4.76% |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 10.16% |
| 4 | Energy Transfer | 72.64 Bn | 71.61 Bn | 7.40 Bn | 5.90% |
| 5 | Tc Energy | 65.84 Bn | 58.29 Bn | 1.24 Bn | 55.36% |
| 6 | Mplx | 60.05 Bn | 59.02 Bn | 2.73 Bn | 32.82% |
| 7 | Oneok | 59.98 Bn | 59.82 Bn | 2.81 Bn | 8.03% |
| 8 | Targa Resources | 59.50 Bn | 59.37 Bn | 2.14 Bn | 17.22% |
| 9 | Cheniere Energy | 55.93 Bn | 54.68 Bn | 5.29 Bn | 63.54% |
| 10 | Summit Midstream | 481.04 Mn | 460.07 Mn | 105.92 Mn | 1.91% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.91% |
| 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% |