Summit Midstream Corp (SMC) stock
SMCNYSENatural Gas TransmissionFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 9, 2026Score 8/3041% below fair value
$30.69−0.63 (-2.01%)
Close on Nov 13, 2026Market cap $623.26MP/E –Yield –
Summit Midstream gross margin
Gross margin is gross profit as a percentage of revenue.
Summit Midstream's gross margin for the twelve months ending Sep 30, 2026 was 69.7%. For fiscal 2025 it was 73.5%, against 73.2% the year before. The highest annual figure on record is 93.2% in fiscal 2016.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 73.5% | +0.2 |
| FY2024 | Dec 31, 2024 | 73.2% | −2.3 |
| FY2023 | Dec 31, 2023 | 75.5% | −3.7 |
| FY2022 | Dec 31, 2022 | 79.2% | −0.3 |
| FY2021 | Dec 31, 2021 | 79.5% | −6.2 |
| FY2019 | Dec 31, 2019 | 85.7% | +6.9 |
| FY2018 | Dec 31, 2018 | 78.8% | −9.5 |
| FY2017 | Dec 31, 2017 | 88.3% | −4.9 |
| FY2016 | Dec 31, 2016 | 93.2% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 67.4% | −6.7 |
| Q2 FY2026 | Jun 30, 2026 | 68.3% | −6.1 |
| Q1 FY2026 | Mar 31, 2026 | 71.7% | −1.6 |
| Q4 FY2025 | Dec 31, 2025 | 72.1% | −2.7 |
| Q3 FY2025 | Sep 30, 2025 | 74.0% | +1.6 |
| Q2 FY2025 | Jun 30, 2025 | 74.4% | +3.6 |
| Q1 FY2025 | Mar 31, 2025 | 73.3% | −1.3 |
| Q4 FY2024 | Dec 31, 2024 | 74.8% | +1.9 |
| Q3 FY2024 | Sep 30, 2024 | 72.4% | −5.2 |
| Q2 FY2024 | Jun 30, 2024 | 70.8% | −8.8 |
| Q1 FY2024 | Mar 31, 2024 | 74.6% | +2.1 |
| Q4 FY2023 | Dec 31, 2023 | 72.9% | −12.3 |
| Q3 FY2023 | Sep 30, 2023 | 77.6% | −5.4 |
| Q2 FY2023 | Jun 30, 2023 | 79.6% | +6.7 |
| Q1 FY2023 | Mar 31, 2023 | 72.5% | −4.3 |
| Q4 FY2022 | Dec 31, 2022 | 85.2% | +9.2 |
| Q3 FY2022 | Sep 30, 2022 | 83.0% | +3.6 |
| Q2 FY2022 | Jun 30, 2022 | 72.9% | −10.5 |
| Q1 FY2022 | Mar 31, 2022 | 76.9% | −2.5 |
| Q4 FY2021 | Dec 31, 2021 | 76.0% | −9.8 |
| Q3 FY2021 | Sep 30, 2021 | 79.4% | −11.1 |
| Q2 FY2021 | Jun 30, 2021 | 83.4% | −10.0 |
| Q1 FY2021 | Mar 31, 2021 | 79.4% | −12.8 |
| Q4 FY2020 | Dec 31, 2020 | 85.8% | −3.0 |
| Q3 FY2020 | Sep 30, 2020 | 90.4% | −2.1 |
| Q2 FY2020 | Jun 30, 2020 | 93.4% | +5.0 |
| Q1 FY2020 | Mar 31, 2020 | 92.2% | +16.3 |
| Q4 FY2019 | Dec 31, 2019 | 88.7% | +15.8 |
| Q3 FY2019 | Sep 30, 2019 | 92.5% | +13.6 |
| Q2 FY2019 | Jun 30, 2019 | 88.4% | +7.4 |
| Q1 FY2019 | Mar 31, 2019 | 75.8% | −6.9 |
| Q4 FY2018 | Dec 31, 2018 | 73.0% | −10.4 |
| Q3 FY2018 | Sep 30, 2018 | 78.9% | −6.5 |
| Q2 FY2018 | Jun 30, 2018 | 81.0% | −10.1 |
| Q1 FY2018 | Mar 31, 2018 | 82.7% | – |
| Q4 FY2017 | Dec 31, 2017 | 83.4% | – |
| Q3 FY2017 | Sep 30, 2017 | 85.5% | – |
| Q2 FY2017 | Jun 30, 2017 | 91.1% | – |
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