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 (SMC) has reported Tax Provisions for 4 consecutive years, with -$1.0 million the latest figure, recorded in Q1 2026.
- Tax Provisions for Q1 2026 came in at -$1.0 million, down 438.51% year-over-year; the trailing twelve-month figure through Mar 2026 was -$1.8 million (down 101.23% YoY), and the FY2025 annual result was -$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.
- Over five years, Tax Provisions peaked at $142.6 million in Q3 2024 and troughed 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 surged 197918.06% — and 2026, when it slumped 438.51%.
- Year by year, Tax Provisions stood at $502000.0 in 2023, then jumped 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.
- Per Business Quant, the three latest SMC Tax Provisions figures stand at -$1.0 million (Q1 2026), -$582000.0 (Q4 2025), and $537000.0 (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 428.04 Mn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 287.00 Mn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 22.00 Mn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 135.00 Mn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 123.90 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 1.00 Mn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 245.00 Mn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | - |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 111.00 Mn |
| 10 | Summit Midstream | 351.13 Mn | 626.92 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 |