SM Energy (SM) Construction in Progress (2009 - 2026)

SM Energy's (SM) quarterly Construction in Progress came in at $835.0 million in Q1 2026, up 55.36% year-on-year from $537.5 million in Q1 2025, and up 82.31% on a QoQ basis from $458.0 million in Q4 2025.

SM Energy (SM) Construction in Progress (2009 - 2026) Analysis & Trends

SM Energy (SM) has 18 years of Construction in Progress data on file, last reported at $835.0 million in Q1 2026.

  • On a quarterly basis, Construction in Progress rose 55.36% year-over-year to $835.0 million in Q1 2026; TTM through Mar 2026 was $835.0 million, a 55.36% increase from a year earlier, with the FY2025 full-year figure at $458.0 million, down 4.98% from the prior year.
  • Construction in Progress for Q1 2026 stood at $835.0 million, up from $458.0 million in the prior quarter.
  • Over the last five years, Construction in Progress for SM reached as high as $835.0 million in Q1 2026 and fell as low as $192.8 million in Q1 2022.
  • Historically, Construction in Progress has averaged $379.9 million across 5 years, with a median of $342.9 million in 2023.
  • On a YoY basis, Construction in Progress climbed as much as 94.22% in 2022 and fell as far as 33.77% in 2022.
  • Year by year, Construction in Progress stood at $287.3 million in 2022, then advanced by 24.65% to $358.1 million in 2023, then surged by 34.61% to $482.0 million in 2024, then slipped by 4.98% to $458.0 million in 2025, then soared by 82.31% to $835.0 million in 2026.
  • Per Business Quant data, the three most recent Construction in Progress figures were $835.0 million in Q1 2026, $458.0 million in Q4 2025, and $424.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Construction in Progress (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 835.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 835.00 Mn
Dec 31, 2025 458.00 Mn
Sep 30, 2025 424.89 Mn
Jun 30, 2025 395.53 Mn
Mar 31, 2025 537.46 Mn
Dec 31, 2024 482.00 Mn
Sep 30, 2024 291.20 Mn
Jun 30, 2024 336.90 Mn
Mar 31, 2024 380.42 Mn
Dec 31, 2023 358.08 Mn
Sep 30, 2023 236.23 Mn
Jun 30, 2023 332.61 Mn
Mar 31, 2023 342.88 Mn
Dec 31, 2022 287.27 Mn
Sep 30, 2022 276.30 Mn
Jun 30, 2022 290.41 Mn
Mar 31, 2022 192.82 Mn
Dec 31, 2021 148.39 Mn
Sep 30, 2021 142.26 Mn
Jun 30, 2021 153.73 Mn