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| 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% |