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| 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 |