SM Energy (SM) Accumulated Expenses (2017 - 2025)

SM Energy's (SM) quarterly Accumulated Expenses came in at $167.0 million in Q4 2025, down 16.5% year-on-year from $200.0 million in Q4 2024, and down 16.5% on a QoQ basis from $200.0 million in Q4 2024.

SM Energy (SM) Accumulated Expenses (2017 - 2025) Analysis & Trends

SM Energy (SM) has 9 years of Accumulated Expenses data on file, last reported at $167.0 million in Q4 2025.

  • On a quarterly basis, Accumulated Expenses fell 16.5% year-over-year to $167.0 million in Q4 2025; TTM through Dec 2025 was $167.0 million, a 16.5% decrease from a year earlier, with the FY2025 full-year figure at $167.0 million, down 16.5% from the prior year.
  • Accumulated Expenses for Q4 2025 stood at $167.0 million, down from $200.0 million in the prior quarter.
  • Over the last five years, Accumulated Expenses for SM reached as high as $200.0 million in Q4 2024 and fell as low as $71.0 million in Q4 2021.
  • Historically, Accumulated Expenses has averaged $142.0 million across 5 years, with a median of $146.4 million in 2023.
  • Across the five-year window, Accumulated Expenses jumped 76.83% in 2022 and fell 16.5% in 2025, its largest moves.
  • Year by year, Accumulated Expenses stood at $71.0 million in 2021, then soared by 76.83% to $125.6 million in 2022, then advanced by 16.57% to $146.4 million in 2023, then jumped by 36.63% to $200.0 million in 2024, then retreated by 16.5% to $167.0 million in 2025.
  • Per Business Quant data, the three most recent Accumulated Expenses figures were $167.0 million in Q4 2025, $200.0 million in Q4 2024, and $146.4 million in Q4 2023.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn
2 Eog Resources 74.61 Bn 70.76 Bn -
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn
7 Texas Pacific Land 27.36 Bn 27.11 Bn -
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn
10 SM Energy 6.05 Bn 5.40 Bn 1.05 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 167.00 Mn
Dec 31, 2024 200.00 Mn
Dec 31, 2023 146.38 Mn
Dec 31, 2022 125.57 Mn
Dec 31, 2021 71.01 Mn
Dec 31, 2020 65.37 Mn
Dec 31, 2019 96.93 Mn
Dec 31, 2018 139.71 Mn
Dec 31, 2017 126.50 Mn