SM Energy (SM) Construction in Progress (2009 - 2026)
SM Energy (SM) recorded Construction in Progress of $848 million in Q3 2026, up 99.6% from $424.89 million a year earlier and up 4.8% from the prior quarter.
Powered by 
Analysis
SM Energy (SM) Construction in Progress (2009 - 2026) Analysis & Trends
At the end of FY2025, SM Energy reported Construction in Progress of $458 million, down 5.0% from FY2024.
- Annual Construction in Progress has a five-year compound annual growth rate of 14.4% (FY2020 to FY2025).
- Across earlier years, Construction in Progress came in at $482 million in FY2024 (+34.6%), $358.08 million in FY2023 (+24.7%), $287.27 million in FY2022 (+93.6%) and $148.39 million in FY2021 (-36.4%).
- The Q3 2026 figure is the highest quarterly Construction in Progress in data going back to Q1 2009.
- On a year-over-year basis, Construction in Progress has increased for three consecutive quarters, with growth averaging 49.2% over the last eight quarters.
- Peak year-over-year performance for Construction in Progress in the last five years was growth of 104.5% in Q2 2026, against a decline of 36.4% in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $809 million (Q2 2026), $835 million (Q1 2026) and $458 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Construction in Progress (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | - |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | - |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | - |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | - |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | - |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | - |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | - |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | - |
| 10 | SM Energy | 7.71 Bn | 5.83 Bn | 1.60 Bn | 848.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 848.00 Mn |
| Jun 30, 2026 | 809.00 Mn |
| 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 |
API Access
SM Energy Construction in Progress API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=construction-in-progress&ticker=SM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "construction-in-progress", "ticker": "SM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=construction-in-progress&ticker=SM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();