SM Energy (SM) Capital Expenditures (2009 - 2026)
SM Energy (SM) posted quarterly Capital Expenditures of $555.0 million for Q1 2026, up 34.06% year-over-year from $414.0 million in Q1 2025, and up 4341.42% quarter-over-quarter from $12.5 million in Q4 2025.
SM Energy (SM) Capital Expenditures (2009 - 2026) Analysis & Trends
SM Energy (SM) has reported Capital Expenditures for 18 consecutive years, with $555.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Capital Expenditures rose 34.06% year-over-year to $555.0 million; the TTM figure through Mar 2026 stood at $175.0 million (down 89.86% YoY), while the FY2025 annual figure was $34.0 million, down 97.41% from the prior year.
- Capital Expenditures rose to $555.0 million in Q1 2026 per SM's latest filing, from $12.5 million in the prior quarter.
- Across five years, Capital Expenditures topped out at $1.3 billion in Q4 2024 and bottomed at -$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.
- SM Energy's Capital Expenditures stood at -$591.8 million in 2022, then soared by 100.12% to $682000.0 in 2023, then surged by 192006.16% to $1.3 billion in 2024, then sank by 99.05% to $12.5 million in 2025, then jumped by 4341.42% to $555.0 million in 2026.
- Business Quant data shows SM's Capital Expenditures at $555.0 million in Q1 2026, $12.5 million in Q4 2025, and $6.6 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 3.02 Bn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | -1.72 Bn |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 1.64 Bn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 996.00 Mn |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 1.32 Bn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 1.59 Bn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 650.17 Mn |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 102.81 Mn |
| 10 | SM Energy | 8.96 Bn | 8.19 Bn | 1.94 Bn | 754.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 754.00 Mn |
| Jun 30, 2026 | 754.00 Mn |
| 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 |