Summit Midstream (SMC) Operating Expenses (2023 - 2026)
Summit Midstream (SMC) posted Operating Expenses of $122.8 million for Q1 2026, down 0.86% on a QoQ basis from $123.9 million in Q4 2025, and up 3.96% year-over-year from $118.1 million in Q1 2025.
Summit Midstream (SMC) Operating Expenses (2023 - 2026) Analysis & Trends
Summit Midstream (SMC) has reported Operating Expenses for 4 consecutive years, with $122.8 million the latest figure, recorded in Q1 2026.
- Operating Expenses for Q1 2026 came in at $122.8 million, up 3.96% year-over-year; the trailing twelve-month figure through Mar 2026 was $494.4 million (up 18.81% YoY), and the FY2025 annual result was $489.7 million, up 3.85% from the prior year.
- Operating Expenses was $122.8 million for Q1 2026 at Summit Midstream, down from $123.9 million in the prior quarter.
- Over five years, Operating Expenses peaked at $173.6 million in Q1 2024 and troughed at $90.8 million in Q3 2024.
- A 4-year average of $116.6 million and a median of $118.1 million in 2025 frame the typical range for Operating Expenses.
- Peak annual rise in Operating Expenses reached 34.1% in 2025, while the deepest fall reached 31.95% in 2025.
- Year by year, Operating Expenses stood at $102.8 million in 2023, then grew by 9.68% to $112.8 million in 2024, then climbed by 9.84% to $123.9 million in 2025, then declined by 0.86% to $122.8 million in 2026.
- Per Business Quant, the three latest SMC Operating Expenses figures stand at $122.8 million (Q1 2026), $123.9 million (Q4 2025), and $121.7 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 3.38 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 12.50 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 333.70 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 7.00 Mn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 274.00 Mn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 3.45 Bn |
| 10 | Summit Midstream | 351.13 Mn | 626.92 Mn | 100.93 Mn | 122.79 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 122.79 Mn |
| Dec 31, 2025 | 123.86 Mn |
| Sep 30, 2025 | 121.72 Mn |
| Jun 30, 2025 | 126.01 Mn |
| Mar 31, 2025 | 118.12 Mn |
| Dec 31, 2024 | 112.76 Mn |
| Sep 30, 2024 | 90.77 Mn |
| Jun 30, 2024 | 94.47 Mn |
| Mar 31, 2024 | 173.57 Mn |
| Dec 31, 2023 | 102.80 Mn |
| Sep 30, 2023 | 95.42 Mn |