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.

• On a quarterly basis, Cost of Revenue rose 90.22% year-over-year to $428.0 million in Q1 2026; TTM through Mar 2026 was $1.1 billion, a 50.14% increase from a year earlier, with the FY2025 full-year figure at $885.0 million, up 38.93% from the prior year.
• Cost of Revenue for Q1 2026 stood at $428.0 million, up from $206.9 million in the prior quarter.
• Over the last five years, Cost of Revenue for SM reached as high as $428.0 million in Q1 2026 and fell as low as $136.6 million in Q2 2024.
• Historically, Cost of Revenue has averaged $184.4 million across 5 years, with a median of $150.7 million in 2022.
• Across the five-year window, Cost of Revenue slipped 13.56% in 2023 and jumped 90.22% in 2026, its largest moves.
• Year by year, Cost of Revenue stood at $150.7 million in 2022, then decreased by 8.54% to $137.8 million in 2023, then jumped by 55.75% to $214.6 million in 2024, then declined by 3.61% to $206.9 million in 2025, then jumped by 106.88% to $428.0 million in 2026.
• Per Business Quant data, the three most recent Cost of Revenue figures were $428.0 million in Q1 2026, $206.9 million in Q4 2025, and $229.0 million in Q3 2025.