Summit Midstream (SMC) Operating Expenses (2023 - 2026)
Summit Midstream (SMC) recorded Operating Expenses of $130.05 million in Q2 2026, up 3.2% from $126.01 million a year earlier and up 5.9% from the prior quarter.
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Analysis
Summit Midstream (SMC) Operating Expenses (2023 - 2026) Analysis & Trends
On a TTM basis, Summit Midstream's Operating Expenses came in at $498.42 million as of Jun 30, 2026, up 11.3% year-over-year; for FY2025, it was $489.71 million, up 3.8% from FY2024.
- Across earlier years, Operating Expenses came in at $471.56 million in FY2024 (+23.4%) and $382.29 million in FY2023.
- The Q2 2026 figure is the highest quarterly Operating Expenses since Q1 2024.
- On a year-over-year basis, Operating Expenses has increased for five consecutive quarters, with growth averaging 7.2% over the last eight quarters.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 34.1% in Q3 2025, against a decline of 31.9% in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $122.79 million (Q1 2026), $123.86 million (Q4 2025) and $121.72 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 104.58 Bn | 100.18 Bn | 4.84 Bn | 19.09 Bn |
| 2 | Williams Companies | 86.03 Bn | 84.75 Bn | 2.54 Bn | 1.87 Bn |
| 3 | Enterprise Products Partners | 80.00 Bn | 78.39 Bn | - | 16.13 Bn |
| 4 | Kinder Morgan | 74.74 Bn | 74.44 Bn | 3.07 Bn | 3.13 Bn |
| 5 | Energy Transfer | 69.45 Bn | 62.63 Bn | 7.40 Bn | 30.76 Bn |
| 6 | Tc Energy | 64.24 Bn | 60.32 Bn | 2.81 Bn | -1.06 Bn |
| 7 | Targa Resources | 62.85 Bn | 62.33 Bn | 2.14 Bn | 354.10 Mn |
| 8 | Cheniere Energy | 59.18 Bn | 54.01 Bn | 5.29 Bn | 1.44 Bn |
| 9 | Mplx | 59.17 Bn | 52.74 Bn | 2.91 Bn | 1.93 Bn |
| 10 | Summit Midstream | 415.57 Mn | 317.31 Mn | 105.92 Mn | 130.05 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
API Access
Summit Midstream Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=SMC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "SMC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=SMC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();