Summit Midstream (SMC) Tax Rate (2023 - 2026)
Summit Midstream's (SMC) quarterly Tax Rate came in at 18.96% in Q2 2026, up 386.0% on a YoY basis from 3.9% in Q2 2025, and down 21.13% quarter-over-quarter from 24.04% in Q1 2026.
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Summit Midstream (SMC) Tax Rate (2023 - 2026) Analysis & Trends
Summit Midstream (SMC) has reported Tax Rate for 4 consecutive years, with 18.96% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate rose 386.0% year-over-year to 18.96%; the trailing twelve-month figure through Jun 2026 stood at 2.35% (up 19255.0% YoY), and the FY2025 full-year result was 20.81%, down 41699.0% from the prior year.
- Tax Rate fell to 18.96% in Q2 2026 per SMC's latest filing, from 24.04% in the prior quarter.
- Across five years, Tax Rate topped out at 24.04% in Q1 2026 and bottomed at 259.37% in Q3 2024.
- Historically, Tax Rate has averaged 16.62% across 4 years, with a median of 4.34% in 2024.
- The sharpest annual moves came in 2024 and 2025: Tax Rate plunged 26120 bps in 2024, then jumped 26907 bps in 2025.
- Over 4 years, Tax Rate stood at 3.43% in 2023, then plunged by 555 bps to 22.48% in 2024, then jumped by 133 bps to 7.37% in 2025, then jumped by 157 bps to 18.96% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 18.96%, 24.04%, and 7.37% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 23.33% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 0.64% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 7.12% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 5.85% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 22.61% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 0.18% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 23.62% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 21.97% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 21.47% |
| 10 | Summit Midstream | 694.72 Mn | 994.24 Mn | 105.92 Mn | 18.96% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.96% |
| Mar 31, 2026 | 24.04% |
| Dec 31, 2025 | 7.37% |
| Sep 30, 2025 | 9.70% |
| Jun 30, 2025 | 15.10% |
| Mar 31, 2025 | 6.00% |
| Dec 31, 2024 | -22.48% |
| Sep 30, 2024 | -259.37% |
| Jun 30, 2024 | 2.68% |
| Mar 31, 2024 | 0.16% |
| Dec 31, 2023 | -3.43% |
| Sep 30, 2023 | 1.82% |