Summit MidstreamFRA:D27 -0.59%64 Gross Margin % is 25.04% as of Mar. 2026, which is 27% below its 10-year median of 34.25. GuruFocus rates FRA:D27 with a GF Score™ of 64/100 and a GF Value™ of €25.03. The stock has 9 warning signs investors should review. Among 872 Oil & Gas companies, Summit Midstream ranks better than 50.8% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Summit Midstream had a gross margin of 25.04% for the quarter that ended in Mar. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Summit Midstream Gross Margin % Related Terms
Summit Midstream Gross Margin % Historical Data
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The historical data trend for Summit Midstream's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:D27 vs KNOP, IMPP, NFE: Gross Margin % Comparison
For the Oil & Gas Midstream subindustry, Summit Midstream's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Summit Midstream Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Summit Midstream's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Summit Midstream's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Summit Midstream (FRA:D27) has a Gross Margin % of 25.04% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Summit Midstream and its competitors. This is 27% below median its historical median of 34.25. Over the past decade, Summit Midstream's Gross Margin % has ranged from 24.23 to 45.45. According to the industry distribution chart, Summit Midstream ranks #429 out of 872 companies in the Oil & Gas industry, placing it in the top 49.2%.
Is Summit Midstream's Gross Margin % too high?
Summit Midstream's current Gross Margin % of 25.04% is 27% below median its 10-year median of 34.25. Over the past 10 years, this metric has ranged from a low of 24.23 to a high of 45.45. The Oil & Gas industry median Gross Margin % is 25.54. Summit Midstream's value of 25.04% is 1.9% below this industry median. Based on the distribution chart, Summit Midstream ranks #429 out of 872 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Summit Midstream has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Summit Midstream's Gross Margin % compare to KNOP and IMPP?
According to the Oil & Gas industry distribution chart, Summit Midstream ranks #429 out of 872 companies for Gross Margin %. This puts Summit Midstream in the upper half of its industry. The industry median Gross Margin % is 25.54. Summit Midstream's value of 25.04% is 1.9% below this benchmark. Historically, Summit Midstream's own Gross Margin % has ranged from 24.23 to 45.45 over the past decade. While the company's 10-year median is 34.25 vs. the industry median of 25.54, Summit Midstream has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.54, based on 872 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Summit Midstream's current Gross Margin % of 25.04% is 1.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Summit Midstream and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Summit Midstream's current Gross Margin % is 25.04%, which is 27% below median its own 10-year median of 34.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Summit Midstream stock overvalued right now?
Summit Midstream (FRA:D27) has a current Gross Margin % of 25.04%. The stock's GF Value™ is €25.03, compared to a current price of €25.15 — trading 0.5% above its estimated fair value. The current Gross Margin % is 25.04%, which is 27% below median its 10-year median of 34.25 and 1.9% below the Oil & Gas industry median of 25.54. Summit Midstream's overall GF Score™ is 64/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Summit Midstream (FRA:D27), the current Gross Margin % is 25.04% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Summit Midstream (FRA:D27) Overvalued in 2026?
Based on GuruFocus' analysis, Summit Midstream stock appears to be overvalued.
The current stock price of €25.15 is trading 0.5% above its estimated GF Value™ of €25.03.
Key valuation signals for FRA:D27:
Gross Margin %: 25.04% (27% below median its 10-year median of 34.25)
GF Value™: €25.03 vs. price of €25.15 (0.5% above fair value)
Industry Position: 1.9% below the Oil & Gas median (#429 of 872)
No single metric tells the full story. See the FRA:D27 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Summit Midstream Corp is a value-driven corporation focused on developing, owning and operating midstream energy infrastructure assets strategically located in unconventional resource basins, shale formations, in the continental U.S. It currently operates natural gas, crude oil and produced water gathering systems in various unconventional resource basins including the Williston Basin, DJ Basin, Barnett Shale, Piceance Basin, Permian Basin, and the Arkoma Basin. The company's reportable segments are: Rockies, Permian, Mid-Con, Piceance, and Northeast. Maximum revenue is generated from the Mid-Con segment. Summit generates revenue mainly from natural gas, NGLs, and condensate sales, and the provision of gathering and related services.
64GF Score
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