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's Operating Expenses history runs 4 years deep, the most recent figure standing at $122.8 million for Q1 2026.

  • Quarterly Operating Expenses rose 3.96% year-over-year to $122.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $494.4 million (up 18.81% YoY) and the FY2025 annual result came in at $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.
  • Across five years, Operating Expenses topped out at $173.6 million in Q1 2024 and bottomed 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.
  • Summit Midstream's 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.
  • Business Quant data shows SMC's Operating Expenses at $122.8 million in Q1 2026, $123.9 million in Q4 2025, and $121.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn 78.81 Mn
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn -21.81 Mn
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 3.13 Bn
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn 13.95 Bn
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - 12.50 Bn
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn 915.00 Mn
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 24.79 Bn
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn 333.70 Mn
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 7.00 Mn
10 Summit Midstream 371.60 Mn 647.38 Mn 99.77 Mn 122.79 Mn

Historic Data

Download Data
DateValue
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