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Summit Midstream's gross profit for the
three
months ended in Jun. 2026 was $39.3 Mil. Summit Midstream's gross profit for the trailing twelve months (TTM) ended in Jun. 2026 was $153.5 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Summit Midstream's gross profit for the
three
months ended in Jun. 2026 was $39.3 Mil. Summit Midstream's Revenue for the
three
months ended in Jun. 2026 was $155.0 Mil. Therefore, Summit Midstream's Gross Margin % for the quarter that ended in Jun. 2026 was 25.33%.
Summit Midstream had a gross margin of 25.33% for the quarter that ended in Jun. 2026 => Competition eroding margins
During the past 13 years, the highestGross Margin % of Summit Midstream was 45.45%. The lowest was 24.23%. And the median was 34.25%.
Warning Sign:
Summit Midstream Corp gross margin has been in long-term decline. The average rate of decline per year is -5.8%.
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 25.33% for the quarter that ended in Jun. 2026 => Competition eroding margins
Summit Midstream Gross Profit Related Terms
Summit Midstream Gross Profit Historical Data
* Premium members only.
The historical data trend for Summit Midstream's Gross Profit 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.
For the Oil & Gas Midstream subindustry, Summit Midstream's Gross Profit, along with its competitors' market caps and Gross Profit 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 Profit vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Summit Midstream's Gross Profit distribution charts can be found below:
* The bar in red indicates where Summit Midstream's Gross Profit falls into.
Gross Profit for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $153.5 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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 (SMC) has a Gross Profit of $153.5 Mil as of Jun. 2026. Gross Profit equals net sales less total cost of goods sold. View historical data on Summit Midstream and its competitors.
Is Summit Midstream's Gross Profit too high?
Summit Midstream's current Gross Profit is $153.5 Mil. Overall, Summit Midstream has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Summit Midstream's Gross Profit compare to KNOP and WHK?
Summit Midstream's Gross Profit of $153.5 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Profit for an Oil & Gas company?
A good Gross Profit depends on the Oil & Gas industry context. However, Gross Profit should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Profit mean?
A high Gross Profit can signal that a stock is expensive relative to its fundamentals. Gross Profit equals net sales less total cost of goods sold. View historical data on Summit Midstream and its competitors. Summit Midstream's current Gross Profit is $153.5 Mil. 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?
Based on GuruFocus' analysis, Summit Midstream (SMC) is currently considered Modestly Overvalued. The stock's GF Value™ is $29.25, compared to a current price of $34.19 — trading 16.9% above its estimated fair value. The current Gross Profit is $153.5 Mil. Summit Midstream's overall GF Score™ is 65/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Profit calculated?
Gross Profit is calculated from a company's financial statements. For Summit Midstream (SMC), the current Gross Profit is $153.5 Mil as of Jun. 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 (SMC) Overvalued in 2026?
Based on GuruFocus' analysis, Summit Midstream stock appears to be overvalued.
The current stock price of $34.19 is trading 16.9% above its estimated GF Value™ of $29.25.
GuruFocus considers Summit Midstream to be Modestly Overvalued.
Key valuation signals for SMC:
Gross Profit: $153.5 Mil
GF Value™: $29.25 vs. price of $34.19 (16.9% above fair value)
No single metric tells the full story. See the SMC 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.
65GF Score
Get the complete analysis for SMC
Gross Profit is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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