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| Date | Value |
|---|---|
| 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 |