Filing Flows › Summit Midstream (SMC) › Q2 2026
Summit Midstream (SMC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
Summit Midstream (SMC) reported revenue of $155M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +11% from the quarter before. Operating margin was 16.1%, net earnings $1.6M (1.0% of revenue).
Summit Midstream, Q2 2026: revenue $155M (+11% year over year), operating margin 16.1%, net earnings $1.6M, operating cash flow $43.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $155M | +11% | +11% |
| Operating profit | $25.0M | +53% | +76% |
| Net earnings | $1.6M | — | — |
| Operating cash flow | $43.9M | +539% | +18% |
| Free cash flow | $18.9M | — | +75% |
What changed
Revenue was $155.0M in Q2 2026, up 11% year over year and up 11% from the previous quarter. Natural gas, NGLs and condensate sales was the largest line at 54% of revenue. Natural gas, NGLs and condensate sales added $17.8M year over year (up 27%), 120% of the total change. Other revenues declined 15%.
Operating profit was $25.0M, a 16.1% margin (up 6.0 points year over year). Of the extra revenue versus Q2 2025, 73% reached operating profit, above the 10% margin then. Total costs grew 3% against revenue growth of 11%. The fastest-growing cost line was Cost of revenue (+37%). Net earnings were $1.6M. The effective tax rate was 19.0%.
Operating cash flow was $43.9M (up 18% year over year), 962% of net income including minority interests. Non-cash charges added back $26.9M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items added $10.2M. Capital expenditures of $25.0M left free cash flow of $18.9M.
Questions
What was Summit Midstream's revenue in the second quarter 2026?
Summit Midstream (SMC) reported revenue of $155M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +11% from the quarter before.
Was Summit Midstream profitable in the second quarter 2026?
Operating profit was $25.0M (16.1% of revenue) and net earnings $1.6M.
Source: Summit Midstream 10-Q on SEC EDGAR.