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 (SMC) has reported Operating Expenses for 4 consecutive years, with $122.8 million the latest figure, recorded in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $122.8 million, up 3.96% year-over-year; the trailing twelve-month figure through Mar 2026 was $494.4 million (up 18.81% YoY), and the FY2025 annual result was $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.
  • Over five years, Operating Expenses peaked at $173.6 million in Q1 2024 and troughed 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.
  • Year by year, 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.
  • Per Business Quant, the three latest SMC Operating Expenses figures stand at $122.8 million (Q1 2026), $123.9 million (Q4 2025), and $121.7 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 13.95 Bn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 3.38 Bn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 12.50 Bn
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 1.70 Bn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 333.70 Mn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 1.82 Bn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 7.00 Mn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 274.00 Mn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 3.45 Bn
10 Summit Midstream 351.13 Mn 626.92 Mn 100.93 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