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
DateValue
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