Summit Midstream (SMC) Operating Expenses (2023 - 2026)
Summit Midstream (SMC) reported Operating Expenses of $122.8 million for Q1 2026, up 3.96% on a YoY basis from $118.1 million in Q1 2025, and down 0.86% quarter-over-quarter from $123.9 million in Q4 2025.
Summit Midstream (SMC) Operating Expenses (2023 - 2026) Analysis & Trends
Summit Midstream has reported Operating Expenses for 4 years, with the latest figure at $122.8 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 3.96% year-over-year to $122.8 million; the trailing twelve-month figure through Mar 2026 stood at $494.4 million (up 18.81% YoY), and the FY2025 full-year result was $489.7 million, up 3.85% from the prior year.
- Operating Expenses for Q1 2026 stood at $122.8 million, down from $123.9 million in the prior quarter.
- The five-year high for Operating Expenses was $173.6 million in Q1 2024, with the low at $90.8 million in Q3 2024.
- Historically, Operating Expenses has averaged $116.6 million across 4 years, with a median of $118.1 million in 2025.
- The largest YoY upside for Operating Expenses was 34.1% in 2025 against a maximum downside of 31.95% in 2025.
- Summit Midstream's Operating Expenses stood at $102.8 million in 2023, then advanced by 9.68% to $112.8 million in 2024, then gained by 9.84% to $123.9 million in 2025, then slipped by 0.86% to $122.8 million in 2026.
- The last three Operating Expenses figures came in at $122.8 million (Q1 2026), $123.9 million (Q4 2025), and $121.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 12.50 Bn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 3.38 Bn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | -93.35 Mn |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 333.70 Mn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 7.00 Mn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 915.00 Mn |
| 10 | Summit Midstream | 365.55 Mn | 641.34 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 |