Summit Midstream (SMC) Tax Provisions (2023 - 2026)
Summit Midstream's (SMC) quarterly Tax Provisions came in at -$1.0 million in Q1 2026, down 438.51% YoY from $296000.0 in Q1 2025, and down 72.16% on a QoQ basis from -$582000.0 in Q4 2025.
Summit Midstream (SMC) Tax Provisions (2023 - 2026) Analysis & Trends
Summit Midstream (SMC) has 4 years of Tax Provisions data on file, last reported at -$1.0 million in 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 retreated to -$1.0 million in Q1 2026, from -$582000.0 in the prior quarter.
- In the past five years, Tax Provisions ranged from a high of $142.6 million in Q3 2024 to a low of -$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 tumbled 438.51%.
- Tracing SMC's Tax Provisions over 4 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 272.00 Mn |
| 2 | Enbridge | 111.07 Bn | 109.57 Bn | 5.23 Bn | 319.53 Mn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 12.00 Mn |
| 4 | Energy Transfer | 72.38 Bn | 71.35 Bn | 7.40 Bn | 194.00 Mn |
| 5 | Tc Energy | 65.96 Bn | 58.40 Bn | 1.24 Bn | 61.45 Mn |
| 6 | Oneok | 60.08 Bn | 59.92 Bn | 2.81 Bn | 299.00 Mn |
| 7 | Mplx | 60.06 Bn | 59.03 Bn | 2.73 Bn | 2.00 Mn |
| 8 | Targa Resources | 59.31 Bn | 59.18 Bn | 2.14 Bn | 227.20 Mn |
| 9 | Cheniere Energy | 56.08 Bn | 54.82 Bn | 5.29 Bn | 366.00 Mn |
| 10 | Summit Midstream | 478.76 Mn | 457.79 Mn | 105.92 Mn | 1.07 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.07 Mn |
| 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 |