Summit Midstream (SMC) Tax Provisions (2023 - 2026)
Summit Midstream (SMC) posted Tax Provisions of -$1.0 million for Q1 2026, down 72.16% on a QoQ basis from -$582000.0 in Q4 2025, and down 438.51% year-over-year from $296000.0 in Q1 2025.
Summit Midstream (SMC) Tax Provisions (2023 - 2026) Analysis & Trends
Summit Midstream's Tax Provisions history runs 4 years deep, the most recent figure standing at -$1.0 million for Q1 2026.
- Quarterly Tax Provisions fell 438.51% year-over-year to -$1.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$1.8 million (down 101.23% YoY) and the FY2025 annual result came in at -$501000.0, down 100.34% from the prior year.
- Tax Provisions was -$1.0 million for Q1 2026 at Summit Midstream, down from -$582000.0 in the prior quarter.
- Across five years, Tax Provisions topped out at $142.6 million in Q3 2024 and bottomed at -$1.0 million in Q1 2026.
- A 4-year average of $13.2 million and a median of $210000.0 in 2024 frame the typical range for Tax Provisions.
- Annual changes were most pronounced in 2024 — Tax Provisions jumped 197918.06% — and 2026, when it slumped 438.51%.
- Summit Midstream's Tax Provisions stood at $502000.0 in 2023, then jumped by 806.18% to $4.5 million in 2024, then slumped by 112.79% to -$582000.0 in 2025, then slumped by 72.16% to -$1.0 million in 2026.
- Business Quant data shows SMC's Tax Provisions at -$1.0 million in Q1 2026, -$582000.0 in Q4 2025, and $537000.0 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | -126,000.00 |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -23,000.00 |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 272.00 Mn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 428.04 Mn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 22.00 Mn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 102.54 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 135.00 Mn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 123.90 Mn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 245.00 Mn |
| 10 | Summit Midstream | 371.60 Mn | 647.38 Mn | 99.77 Mn | -1.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |