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

SM Energy (SM) reported Construction in Progress of $835.0 million for Q1 2026, up 55.36% year-over-year from $537.5 million in Q1 2025, and up 82.31% quarter-over-quarter 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.

  • Construction in Progress for Q1 2026 came in at $835.0 million, up 55.36% year-over-year; the trailing twelve-month figure through Mar 2026 was $835.0 million (up 55.36% YoY), and the FY2025 annual result was $458.0 million, down 4.98% from the prior year.
  • Construction in Progress advanced to $835.0 million in Q1 2026 per SM's latest filing, from $458.0 million in the prior quarter.
  • Over five years, Construction in Progress peaked at $835.0 million in Q1 2026 and troughed at $192.8 million in Q1 2022.
  • A 5-year average of $379.9 million and a median of $342.9 million in 2023 frame the typical range for Construction in Progress.
  • On a YoY basis, Construction in Progress climbed as much as 94.22% in 2022 and fell as far as 33.77% in 2022.
  • A 5-year view of Construction in Progress shows it stood at $287.3 million in 2022, then increased by 24.65% to $358.1 million in 2023, then surged by 34.61% to $482.0 million in 2024, then fell by 4.98% to $458.0 million in 2025, then soared by 82.31% to $835.0 million in 2026.
  • Business Quant data shows SM's Construction in Progress at $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 Woodside Energy 630.08 Bn 624.14 Bn - -
2 Canadian Natural Resources 388.31 Bn 388.31 Bn 6.72 Bn -
3 Conocophillips 142.98 Bn 136.61 Bn 9.48 Bn -
4 Eog Resources 72.93 Bn 69.08 Bn - -
5 Occidental Petroleum 55.91 Bn 52.73 Bn 4.87 Bn -
6 Diamondback Energy 54.95 Bn 61.11 Bn 4.22 Bn -
7 Vista Energy, S.A.B. de C.V 35.18 Bn 34.56 Bn 472.36 Mn -
8 Eqt 32.94 Bn 36.28 Bn 2.98 Bn -
9 Vermilion Energy 31.24 Bn 31.05 Bn 370.10 Mn -
10 SM Energy 6.19 Bn 5.54 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