Summit Midstream (SMC) Operating Income (2023 - 2026)
Summit Midstream (SMC) reported Operating Income of -$21.9 million for Q1 2026, down 15.4% on a YoY basis from -$25.8 million in Q1 2025, and down 3.07% quarter-over-quarter from -$21.2 million in Q4 2025.
Summit Midstream (SMC) Operating Income (2023 - 2026) Analysis & Trends
Summit Midstream has reported Operating Income for 4 years, with the latest figure at -$21.9 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Income fell 15.4% year-over-year to -$21.9 million; the trailing twelve-month figure through Mar 2026 stood at -$78.0 million (up 26.51% YoY), and the FY2025 full-year result was -$76.8 million, up 51.09% from the prior year.
- Operating Income for Q1 2026 stood at -$21.9 million, down from -$21.2 million in the prior quarter.
- The five-year high for Operating Income was -$1.3 million in Q3 2023, with the low at -$84.9 million in Q1 2024.
- Historically, Operating Income has averaged -$25.7 million across 4 years, with a median of -$21.2 million in 2025.
- Annual changes were most pronounced in 2024 — Operating Income sank 1139.51% — and 2025, when it jumped 77.67%.
- Summit Midstream's Operating Income stood at -$12.7 million in 2023, then plunged by 277.74% to -$47.8 million in 2024, then surged by 55.62% to -$21.2 million in 2025, then declined by 3.07% to -$21.9 million in 2026.
- The last three Operating Income figures came in at -$21.9 million (Q1 2026), -$21.2 million (Q4 2025), and -$13.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 2.35 Bn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 1.90 Bn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 1.44 Bn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 2.98 Bn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | 219.52 Mn |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 1.21 Bn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 846.90 Mn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 1.43 Bn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 2.03 Bn |
| 10 | Summit Midstream | 365.55 Mn | 641.34 Mn | 100.93 Mn | -21.87 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -21.87 Mn |
| Dec 31, 2025 | -21.22 Mn |
| Sep 30, 2025 | -13.20 Mn |
| Jun 30, 2025 | -21.71 Mn |
| Mar 31, 2025 | -18.95 Mn |
| Dec 31, 2024 | -47.81 Mn |
| Sep 30, 2024 | -16.60 Mn |
| Jun 30, 2024 | -22.77 Mn |
| Mar 31, 2024 | -84.88 Mn |
| Dec 31, 2023 | -12.66 Mn |
| Sep 30, 2023 | -1.34 Mn |