Summit Midstream SMC
NYSE SMC
$34.21 -0.17 (-0.49%)
At close: Sep 4, 2026 · 4:00 PM EDT

Summit Midstream (SMC) Operating Expenses (2023 - 2026)

Summit Midstream's (SMC) quarterly Operating Expenses came in at $130.0 million in Q2 2026, up 3.2% on a YoY basis from $126.0 million in Q2 2025, and up 5.91% quarter-over-quarter from $122.8 million in Q1 2026.

Analysis

Summit Midstream (SMC) Operating Expenses (2023 - 2026) Analysis & Trends

Summit Midstream (SMC) has reported Operating Expenses for 4 consecutive years, with $130.0 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses rose 3.2% year-over-year to $130.0 million; the trailing twelve-month figure through Jun 2026 stood at $498.4 million (up 11.34% YoY), and the FY2025 full-year result was $489.7 million, up 3.85% from the prior year.
  • Operating Expenses climbed to $130.0 million in Q2 2026 per SMC's latest filing, from $122.8 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $173.6 million in Q1 2024 and bottomed at $90.8 million in Q3 2024.
  • Historically, Operating Expenses has averaged $117.7 million across 4 years, with a median of $119.9 million in 2025.
  • The widest YoY moves for Operating Expenses: up 34.1% in 2025, down 31.95% in 2025.
  • Over 4 years, 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 advanced by 5.0% to $130.0 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $130.0 million, $122.8 million, and $123.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Kinder Morgan 111.69 Bn 112.81 Bn 3.07 Bn 3.13 Bn
2 Enterprise Products Partners 84.07 Bn 83.21 Bn - 16.13 Bn
3 Energy Transfer 74.03 Bn 73.00 Bn 7.40 Bn 30.76 Bn
4 Tc Energy 65.16 Bn 64.62 Bn 1.80 Bn -
5 Targa Resources 62.18 Bn 62.19 Bn 2.14 Bn 354.10 Mn
6 Mplx 60.51 Bn 59.48 Bn 2.73 Bn 1.93 Bn
7 Oneok 60.16 Bn 60.09 Bn 2.81 Bn 4.00 Mn
8 Enbridge 54.38 Bn 54.88 Bn 5.23 Bn 19.09 Bn
9 Pembina Pipeline 28.12 Bn 27.76 Bn 933.00 Mn 132.00 Mn
10 Summit Midstream 694.72 Mn 994.24 Mn 105.92 Mn 130.05 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 130.05 Mn
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