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's Tax Rate history runs 4 years deep, the most recent figure standing at 24.04% for Q1 2026.
- Quarterly Tax Rate rose 1804.0% year-over-year to 24.04% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 15.64% (up 17061.0% YoY) and the FY2025 annual result came in at 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.
- Across five years, Tax Rate topped out at 24.04% in Q1 2026 and bottomed 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 soared 26907 bps.
- Summit Midstream's 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 226 bps to 24.04% in 2026.
- Business Quant data shows SMC's Tax Rate at 24.04% in Q1 2026, 7.37% in Q4 2025, and 9.7% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | -0.08% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -0.12% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 23.33% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 24.82% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 1.45% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 10.04% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 6.40% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 20.27% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 24.00% |
| 10 | Summit Midstream | 371.60 Mn | 647.38 Mn | 99.77 Mn | 24.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.04% |
| Mar 31, 2026 | 24.04% |
| Mar 31, 2026 | 24.04% |
| Dec 31, 2025 | 7.37% |
| Dec 31, 2025 | 7.37% |
| Dec 31, 2025 | 7.37% |
| Sep 30, 2025 | 9.70% |
| Sep 30, 2025 | 9.70% |
| Sep 30, 2025 | 9.70% |
| Jun 30, 2025 | 15.10% |
| Jun 30, 2025 | 15.10% |
| Jun 30, 2025 | 15.10% |
| Mar 31, 2025 | 6.00% |
| Mar 31, 2025 | 6.00% |
| Mar 31, 2025 | 6.00% |
| Dec 31, 2024 | -22.48% |
| Dec 31, 2024 | -22.48% |
| Dec 31, 2024 | -22.48% |
| Sep 30, 2024 | -259.37% |
| Sep 30, 2024 | -259.37% |