Summit Midstream (SMC) Tax Rate (2023 - 2026)
Summit Midstream (SMC) posted Tax Rate of 24.04% for Q1 2026, up 226.07% on a QoQ basis from 7.37% in Q4 2025, and up 1804.0% year-over-year from 1.26% in Q1 2025.
Summit Midstream (SMC) Tax Rate (2023 - 2026) Analysis & Trends
Summit Midstream (SMC) has reported Tax Rate for 4 consecutive years, with 24.04% the latest figure, recorded in Q1 2026.
- Tax Rate for Q1 2026 came in at 24.04%, up 1804.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 15.64% (up 17061.0% YoY), and the FY2025 annual result was 20.81%, down 41699.0% from the prior year.
- Tax Rate was 24.04% for Q1 2026 at Summit Midstream, up from 7.37% in the prior quarter.
- Over five years, Tax Rate peaked at 24.04% in Q1 2026 and troughed at 259.37% in Q3 2024.
- A 4-year average of 19.86% and a median of 2.68% in 2024 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2024 — Tax Rate slumped 26120 bps — and 2025, when it jumped 26907 bps.
- Year by year, Tax Rate stood at 3.43% in 2023, then slumped by 555 bps to 22.48% in 2024, then jumped by 133 bps to 7.37% in 2025, then jumped by 226 bps to 24.04% in 2026.
- Per Business Quant, the three latest SMC Tax Rate figures stand at 24.04% (Q1 2026), 7.37% (Q4 2025), and 9.7% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 24.82% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 22.28% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 1.45% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 6.40% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 20.27% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 0.11% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 24.00% |
| 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 | 15.08% |
| 10 | Summit Midstream | 351.13 Mn | 626.92 Mn | 100.93 Mn | 24.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |