SM Energy (SM) Accumulated Expenses (2017 - 2025)
SM Energy (SM) posted quarterly Accumulated Expenses of $167.0 million for Q4 2025, down 16.5% year-over-year from $200.0 million in Q4 2024, and down 16.5% quarter-over-quarter from $200.0 million in Q4 2024.
SM Energy (SM) Accumulated Expenses (2017 - 2025) Analysis & Trends
SM Energy (SM) has reported Accumulated Expenses for 9 consecutive years, with $167.0 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Accumulated Expenses fell 16.5% year-over-year to $167.0 million; the TTM figure through Dec 2025 stood at $167.0 million (down 16.5% YoY), while the FY2025 annual figure was $167.0 million, down 16.5% from the prior year.
- Accumulated Expenses slipped to $167.0 million in Q4 2025 per SM's latest filing, from $200.0 million in the prior quarter.
- Across five years, Accumulated Expenses topped out at $200.0 million in Q4 2024 and bottomed at $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.
- Annual changes were most pronounced in 2022 — Accumulated Expenses soared 76.83% — and 2025, when it decreased 16.5%.
- SM Energy's Accumulated Expenses stood at $71.0 million in 2021, then jumped by 76.83% to $125.6 million in 2022, then rose by 16.57% to $146.4 million in 2023, then surged by 36.63% to $200.0 million in 2024, then declined by 16.5% to $167.0 million in 2025.
- Business Quant data shows SM's Accumulated Expenses at $167.0 million in Q4 2025, $200.0 million in Q4 2024, and $146.4 million in Q4 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - |
| 10 | SM Energy | 8.90 Bn | 8.13 Bn | 1.94 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |