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SM Energy (SM) Cost of Revenue (2016 - 2025)

SM Energy (SM) has disclosed Cost of Revenue for 17 consecutive years, with $206.9 million as the latest value for Q4 2025.

  • On a quarterly basis, Cost of Revenue fell 3.61% to $206.9 million in Q4 2025 year-over-year; TTM through Dec 2025 was $885.0 million, a 38.93% increase, with the full-year FY2025 number at $885.0 million, up 38.93% from a year prior.
  • Cost of Revenue was $206.9 million for Q4 2025 at SM Energy, down from $229.0 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $229.0 million in Q3 2025 to a low of $100.9 million in Q1 2021.
  • A 5-year average of $160.6 million and a median of $145.1 million in 2022 define the central range for Cost of Revenue.
  • Peak YoY movement for Cost of Revenue: decreased 15.58% in 2021, then soared 63.96% in 2025.
  • SM Energy's Cost of Revenue stood at $143.3 million in 2021, then grew by 5.15% to $150.7 million in 2022, then fell by 8.54% to $137.8 million in 2023, then surged by 55.75% to $214.6 million in 2024, then fell by 3.61% to $206.9 million in 2025.
  • Per Business Quant, the three most recent readings for SM's Cost of Revenue are $206.9 million (Q4 2025), $229.0 million (Q3 2025), and $224.0 million (Q2 2025).