Summit Midstream (SMC) Operating Income (2023 - 2026)
Summit Midstream (SMC) posted Operating Income of -$21.9 million for Q1 2026, down 3.07% on a QoQ basis from -$21.2 million in Q4 2025, and down 15.4% year-over-year from -$25.8 million in Q1 2025.
Summit Midstream (SMC) Operating Income (2023 - 2026) Analysis & Trends
Summit Midstream (SMC) has reported Operating Income for 4 consecutive years, with -$21.9 million the latest figure, recorded in Q1 2026.
- Operating Income for Q1 2026 came in at -$21.9 million, down 15.4% year-over-year; the trailing twelve-month figure through Mar 2026 was -$78.0 million (up 26.51% YoY), and the FY2025 annual result was -$76.8 million, up 51.09% from the prior year.
- Operating Income was -$21.9 million for Q1 2026 at Summit Midstream, down from -$21.2 million in the prior quarter.
- Over five years, Operating Income peaked at -$1.3 million in Q3 2023 and troughed at -$84.9 million in Q1 2024.
- A 4-year average of -$25.7 million and a median of -$21.2 million in 2025 frame the typical range for Operating Income.
- Annual changes were most pronounced in 2024 — Operating Income plunged 1139.51% — and 2025, when it surged 77.67%.
- Year by year, Operating Income stood at -$12.7 million in 2023, then plunged by 277.74% to -$47.8 million in 2024, then jumped by 55.62% to -$21.2 million in 2025, then retreated by 3.07% to -$21.9 million in 2026.
- Per Business Quant, the three latest SMC Operating Income figures stand at -$21.9 million (Q1 2026), -$21.2 million (Q4 2025), and -$13.2 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 2.35 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 1.44 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 1.90 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 2.98 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 846.90 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 1.21 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 1.43 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 361.00 Mn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 1.15 Bn |
| 10 | Summit Midstream | 351.13 Mn | 626.92 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 |