KPIs & Operating Metrics(New)
Growth Metrics

SM Energy (SM) Capital Expenditures (2016 - 2025)

SM Energy (SM) has disclosed Capital Expenditures for 17 consecutive years, with $1.4 billion as the latest value for Q4 2025.

  • Quarterly Capital Expenditures fell 32.65% to $1.4 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $1.4 billion through Dec 2025, down 31.65% year-over-year, with the annual reading at $1.4 billion for FY2025, 31.65% down from the prior year.
  • Capital Expenditures for Q4 2025 was $1.4 billion at SM Energy, up from $6.6 million in the prior quarter.
  • The five-year high for Capital Expenditures was $2.1 billion in Q4 2024, with the low at -$656.8 million in Q4 2023.
  • Average Capital Expenditures over 5 years is $192.4 million, with a median of $37.4 million recorded in 2021.
  • Peak annual rise in Capital Expenditures hit 13795500.0% in 2025, while the deepest fall reached 7978880.0% in 2025.
  • Over 5 years, Capital Expenditures stood at -$546.9 million in 2021, then skyrocketed by 33.13% to -$365.7 million in 2022, then crashed by 79.57% to -$656.8 million in 2023, then soared by 420.24% to $2.1 billion in 2024, then tumbled by 32.65% to $1.4 billion in 2025.
  • According to Business Quant data, Capital Expenditures over the past three periods came in at $1.4 billion, $6.6 million, and -$398.9 million for Q4 2025, Q3 2025, and Q2 2025 respectively.