Summit Midstream (SMC) Tax Provisions (2023 - 2026)

Summit Midstream (SMC) reported Tax Provisions of -$1.0 million for Q1 2026, down 438.51% on a YoY basis from $296000.0 in Q1 2025, and down 72.16% quarter-over-quarter from -$582000.0 in Q4 2025.

Summit Midstream (SMC) Tax Provisions (2023 - 2026) Analysis & Trends

Summit Midstream has reported Tax Provisions for 4 years, with the latest figure at -$1.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Tax Provisions fell 438.51% year-over-year to -$1.0 million; the trailing twelve-month figure through Mar 2026 stood at -$1.8 million (down 101.23% YoY), and the FY2025 full-year result was -$501000.0, down 100.34% from the prior year.
  • Tax Provisions for Q1 2026 stood at -$1.0 million, down from -$582000.0 in the prior quarter.
  • The five-year high for Tax Provisions was $142.6 million in Q3 2024, with the low at -$1.0 million in Q1 2026.
  • Historically, Tax Provisions has averaged $13.2 million across 4 years, with a median of $210000.0 in 2024.
  • Annual changes were most pronounced in 2024 — Tax Provisions jumped 197918.06% — and 2026, when it tumbled 438.51%.
  • Summit Midstream's Tax Provisions stood at $502000.0 in 2023, then surged by 806.18% to $4.5 million in 2024, then plunged by 112.79% to -$582000.0 in 2025, then plunged by 72.16% to -$1.0 million in 2026.
  • The last three Tax Provisions figures came in at -$1.0 million (Q1 2026), -$582000.0 (Q4 2025), and $537000.0 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Enbridge 88.33 Bn 89.03 Bn 6.70 Bn 428.04 Mn
2 Enterprise Products Partners 80.83 Bn 79.68 Bn - 22.00 Mn
3 Kinder Morgan 69.66 Bn 70.75 Bn 3.08 Bn 287.00 Mn
4 Energy Transfer 65.60 Bn 64.88 Bn 6.62 Bn 135.00 Mn
5 Scorpio Tankers 59.17 Bn 58.19 Bn - -
6 Mplx 57.43 Bn 55.92 Bn 2.54 Bn 1.00 Mn
7 Targa Resources 56.68 Bn 56.71 Bn 1.70 Bn 123.90 Mn
8 Oneok 55.34 Bn 55.21 Bn 2.57 Bn 245.00 Mn
9 Tc Energy 50.79 Bn 51.99 Bn 2.95 Bn 102.54 Mn
10 Summit Midstream 365.55 Mn 641.34 Mn 100.93 Mn -1.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -1.00 Mn
Dec 31, 2025 -582,000.00
Sep 30, 2025 537,000.00
Jun 30, 2025 -752,000.00
Mar 31, 2025 296,000.00
Dec 31, 2024 4.55 Mn
Sep 30, 2024 142.57 Mn
Jun 30, 2024 -654,000.00
Mar 31, 2024 210,000.00
Dec 31, 2023 502,000.00
Sep 30, 2023 72,000.00