SM Energy (SM) Cost of Revenue (2009 - 2026)

SM Energy (SM) has 18 years of Cost of Revenue data on file, last reported at $428.0 million in Q1 2026.

• Cost of Revenue for Q1 2026 came in at $428.0 million, up 90.22% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.1 billion (up 50.14% YoY), and the FY2025 annual result was $885.0 million, up 38.93% from the prior year.
• Cost of Revenue grew to $428.0 million in Q1 2026 per SM's latest filing, from $206.9 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $428.0 million in Q1 2026 and troughed at $136.6 million in Q2 2024.
• A 5-year average of $184.4 million and a median of $150.7 million in 2022 frame the typical range for Cost of Revenue.
• The sharpest annual moves came in 2023 and 2026: Cost of Revenue declined 13.56% in 2023, then soared 90.22% in 2026.
• A 5-year view of Cost of Revenue shows it stood at $150.7 million in 2022, then declined by 8.54% to $137.8 million in 2023, then jumped by 55.75% to $214.6 million in 2024, then decreased by 3.61% to $206.9 million in 2025, then jumped by 106.88% to $428.0 million in 2026.
• Business Quant data shows SM's Cost of Revenue at $428.0 million in Q1 2026, $206.9 million in Q4 2025, and $229.0 million in Q3 2025.