Summit Midstream (SMC) Tax Rate (2023 - 2026)
Summit Midstream (SMC) posted Tax Rate of 18.96% for Q2 2026, up 3.86 percentage points from 15.10% a year earlier but down 5.08 percentage points from the prior quarter.
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Analysis
Summit Midstream (SMC) Tax Rate (2023 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Tax Rate at Summit Midstream was -2.35%, up 192.55 percentage points year-over-year; for FY2025, it was 20.81%, down 416.99 percentage points from FY2024.
- In prior years, Summit Midstream's Tax Rate was 437.81% in FY2024 (+438.64 pp) and -0.83% in FY2023.
- Quarterly Tax Rate has run from a low of -259.37% in Q3 2024 to a high of 24.04% in Q1 2026 over five years.
- On a year-over-year basis, Tax Rate has increased in each of the last six quarters, with an average year-over-year change of +7.36 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Tax Rate in the past five years was Q3 2025, with a gain of 269.07 percentage points; the weakest was Q3 2024, with a drop of 261.20 percentage points.
- According to Business Quant data, Tax Rate for the three prior quarters was 24.04% (Q1 2026), 7.37% (Q4 2025) and 9.70% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 101.88 Bn | 99.42 Bn | 4.84 Bn | 21.97% |
| 2 | Enterprise Products Partners | 77.78 Bn | 76.22 Bn | - | 0.64% |
| 3 | Energy Transfer | 68.56 Bn | 62.00 Bn | 7.40 Bn | 7.12% |
| 4 | Kinder Morgan | 67.77 Bn | 68.72 Bn | 3.07 Bn | 23.33% |
| 5 | Tc Energy | 60.65 Bn | 63.72 Bn | 2.81 Bn | - |
| 6 | Targa Resources | 58.65 Bn | 58.26 Bn | 2.14 Bn | 22.61% |
| 7 | Mplx | 57.82 Bn | 51.38 Bn | 2.91 Bn | 0.18% |
| 8 | Cheniere Energy | 55.20 Bn | 55.33 Bn | 5.29 Bn | 9.13% |
| 9 | Oneok | 54.77 Bn | 53.26 Bn | 2.81 Bn | 23.62% |
| 10 | Summit Midstream | 611.46 Mn | 833.68 Mn | 105.92 Mn | 18.96% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.96% |
| Sep 30, 2025 | 9.70% |
| Mar 31, 2025 | 6.00% |
| Mar 31, 2024 | 0.16% |
| Sep 30, 2023 | 1.82% |
API Access
Summit Midstream Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=SMC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "SMC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=SMC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();