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
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 |