Summit Midstream (SMC) Operating Margin (2023 - 2026)

Summit Midstream has reported Operating Margin for 4 years, with the latest figure at 15.72% in Q1 2026.

• For the quarter ending Q1 2026, Operating Margin fell 144.0% year-over-year to 15.72%; the trailing twelve-month figure through Mar 2026 stood at 13.72% (up 1021.0% YoY), and the FY2025 full-year result was 13.66%, up 2287.0% from the prior year.
• Operating Margin for Q1 2026 stood at 15.72%, down from 14.91% in the prior quarter.
• The five-year high for Operating Margin was 1.1% in Q3 2023, with the low at 71.4% in Q1 2024.
• Historically, Operating Margin has averaged 21.38% across 4 years, with a median of 15.48% in 2025.
• Annual changes were most pronounced in 2024 — Operating Margin sank 3473 bps — and 2025, when it jumped 5712 bps.
• Summit Midstream's Operating Margin stood at 9.94% in 2023, then sank by 349 bps to 44.68% in 2024, then surged by 67 bps to 14.91% in 2025, then decreased by 5 bps to 15.72% in 2026.
• The last three Operating Margin figures came in at 15.72% (Q1 2026), 14.91% (Q4 2025), and 8.98% (Q3 2025), per Business Quant data.