SM Energy (SM) Capital Expenditures (2009 - 2026)
SM Energy's (SM) quarterly Capital Expenditures came in at $555.0 million in Q1 2026, up 34.06% year-on-year from $414.0 million in Q1 2025, and up 4341.42% on a QoQ basis from $12.5 million in Q4 2025.
SM Energy (SM) Capital Expenditures (2009 - 2026) Analysis & Trends
SM Energy (SM) has 18 years of Capital Expenditures data on file, last reported at $555.0 million in Q1 2026.
- On a quarterly basis, Capital Expenditures rose 34.06% year-over-year to $555.0 million in Q1 2026; TTM through Mar 2026 was $175.0 million, a 89.86% decrease from a year earlier, with the FY2025 full-year figure at $34.0 million, down 97.41% from the prior year.
- Capital Expenditures for Q1 2026 stood at $555.0 million, up from $12.5 million in the prior quarter.
- Over the last five years, Capital Expenditures for SM reached as high as $1.3 billion in Q4 2024 and fell as low as -$591.8 million in Q4 2022.
- Historically, Capital Expenditures has averaged $118.2 million across 5 years, with a median of $12.5 million in 2025.
- On a YoY basis, Capital Expenditures climbed as much as 13799900.0% in 2025 and fell as far as 7981520.0% in 2025.
- Year by year, Capital Expenditures stood at -$591.8 million in 2022, then surged by 100.12% to $682000.0 in 2023, then jumped by 192006.16% to $1.3 billion in 2024, then sank by 99.05% to $12.5 million in 2025, then soared by 4341.42% to $555.0 million in 2026.
- Per Business Quant data, the three most recent Capital Expenditures figures were $555.0 million in Q1 2026, $12.5 million in Q4 2025, and $6.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 2.95 Bn |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 153.00 Mn |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 933.00 Mn |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | - |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 1.55 Bn |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 650.17 Mn |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | - |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 839.00 Mn |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 707.00 Mn |
| 10 | SM Energy | 6.05 Bn | 5.40 Bn | 1.05 Bn | 555.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 555.00 Mn |
| Mar 31, 2026 | 555.00 Mn |
| Dec 31, 2025 | 12.50 Mn |
| Dec 31, 2025 | 12.50 Mn |
| Sep 30, 2025 | 6.59 Mn |
| Sep 30, 2025 | 6.59 Mn |
| Jun 30, 2025 | -399.08 Mn |
| Jun 30, 2025 | -399.08 Mn |
| Mar 31, 2025 | 414.00 Mn |
| Mar 31, 2025 | 414.00 Mn |
| Dec 31, 2024 | 1.31 Bn |
| Dec 31, 2024 | 1.31 Bn |
| Sep 30, 2024 | 838,000.00 |
| Sep 30, 2024 | 838,000.00 |
| Jun 30, 2024 | -5,000.00 |
| Jun 30, 2024 | -5,000.00 |
| Mar 31, 2024 | 3,000.00 |
| Mar 31, 2024 | 3,000.00 |
| Dec 31, 2023 | 682,000.00 |
| Dec 31, 2023 | 682,000.00 |