Summit Midstream (SMC) Tax Rate (2023 - 2026)

Summit Midstream (SMC) reported Tax Rate of 24.04% for Q1 2026, up 1804.0% on a YoY basis from 1.26% in Q1 2025, and up 226.07% quarter-over-quarter from 7.37% in Q4 2025.

Summit Midstream (SMC) Tax Rate (2023 - 2026) Analysis & Trends

Summit Midstream has reported Tax Rate for 4 years, with the latest figure at 24.04% in Q1 2026.

  • For the quarter ending Q1 2026, Tax Rate rose 1804.0% year-over-year to 24.04%; the trailing twelve-month figure through Mar 2026 stood at 15.64% (up 17061.0% YoY), and the FY2025 full-year result was 20.81%, down 41699.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 24.04%, up from 7.37% in the prior quarter.
  • The five-year high for Tax Rate was 24.04% in Q1 2026, with the low at 259.37% in Q3 2024.
  • Historically, Tax Rate has averaged 19.86% across 4 years, with a median of 2.68% in 2024.
  • Annual changes were most pronounced in 2024 — Tax Rate tumbled 26120 bps — and 2025, when it soared 26907 bps.
  • Summit Midstream's Tax Rate stood at 3.43% in 2023, then slumped by 555 bps to 22.48% in 2024, then surged by 133 bps to 7.37% in 2025, then surged by 226 bps to 24.04% in 2026.
  • The last three Tax Rate figures came in at 24.04% (Q1 2026), 7.37% (Q4 2025), and 9.7% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Enbridge 88.33 Bn 89.03 Bn 6.70 Bn 24.82%
2 Enterprise Products Partners 80.83 Bn 79.68 Bn - 1.45%
3 Kinder Morgan 69.66 Bn 70.75 Bn 3.08 Bn 22.28%
4 Energy Transfer 65.60 Bn 64.88 Bn 6.62 Bn 6.40%
5 Scorpio Tankers 59.17 Bn 58.19 Bn - -
6 Mplx 57.43 Bn 55.92 Bn 2.54 Bn 0.11%
7 Targa Resources 56.68 Bn 56.71 Bn 1.70 Bn 20.27%
8 Oneok 55.34 Bn 55.21 Bn 2.57 Bn 24.00%
9 Tc Energy 50.79 Bn 51.99 Bn 2.95 Bn 10.04%
10 Summit Midstream 365.55 Mn 641.34 Mn 100.93 Mn 24.04%

Historic Data

Download Data
DateValue
Mar 31, 2026 24.04%
Mar 31, 2026 24.04%
Dec 31, 2025 7.37%
Dec 31, 2025 7.37%
Sep 30, 2025 9.70%
Sep 30, 2025 9.70%
Jun 30, 2025 15.10%
Jun 30, 2025 15.10%
Mar 31, 2025 6.00%
Mar 31, 2025 6.00%
Dec 31, 2024 -22.48%
Dec 31, 2024 -22.48%
Sep 30, 2024 -259.37%
Sep 30, 2024 -259.37%
Jun 30, 2024 2.68%
Jun 30, 2024 2.68%
Mar 31, 2024 0.16%
Mar 31, 2024 0.16%
Dec 31, 2023 -3.43%
Dec 31, 2023 -3.43%