Summit Midstream (SMC) Tax Rate (2023 - 2026)
Summit Midstream's (SMC) quarterly Tax Rate came in at 24.04% in Q1 2026, up 1804.0% YoY from 1.26% in Q1 2025, and up 226.07% on a QoQ basis from 7.37% in Q4 2025.
Summit Midstream (SMC) Tax Rate (2023 - 2026) Analysis & Trends
Summit Midstream (SMC) has 4 years of Tax Rate data on file, last reported at 24.04% in 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 rose to 24.04% in Q1 2026, from 7.37% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 24.04% in Q1 2026 to a low of 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 tumbled 26120 bps — and 2025, when it soared 26907 bps.
- Tracing SMC's Tax Rate over 4 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 23.33% |
| 2 | Enbridge | 110.69 Bn | 109.19 Bn | 5.23 Bn | 21.97% |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 0.64% |
| 4 | Energy Transfer | 72.64 Bn | 71.61 Bn | 7.40 Bn | 7.12% |
| 5 | Tc Energy | 65.84 Bn | 58.29 Bn | 1.24 Bn | 5.85% |
| 6 | Mplx | 60.05 Bn | 59.02 Bn | 2.73 Bn | 0.18% |
| 7 | Oneok | 59.98 Bn | 59.82 Bn | 2.81 Bn | 23.62% |
| 8 | Targa Resources | 59.50 Bn | 59.37 Bn | 2.14 Bn | 22.61% |
| 9 | Cheniere Energy | 55.93 Bn | 54.68 Bn | 5.29 Bn | 9.13% |
| 10 | Summit Midstream | 481.04 Mn | 460.07 Mn | 105.92 Mn | 18.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 18.96% |
| Jun 30, 2026 | 18.96% |
| Jun 30, 2026 | 18.96% |
| 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% |