SM Energy (SM) Deferred Taxes (2009 - 2026)
SM Energy (SM) posted quarterly Deferred Taxes of -$85.0 million for Q1 2026, down 426.92% year-over-year from $26.0 million in Q1 2025, and down 358.74% quarter-over-quarter from $32.9 million in Q4 2025.
SM Energy (SM) Deferred Taxes (2009 - 2026) Analysis & Trends
SM Energy (SM) has reported Deferred Taxes for 18 consecutive years, with -$85.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Deferred Taxes fell 426.92% year-over-year to -$85.0 million; the TTM figure through Mar 2026 stood at $66.7 million (down 61.56% YoY), while the FY2025 annual figure was $178.0 million, up 1.71% from the prior year.
- Deferred Taxes declined to -$85.0 million in Q1 2026 per SM's latest filing, from $32.9 million in the prior quarter.
- Across five years, Deferred Taxes topped out at $110.0 million in Q3 2022 and bottomed at -$85.0 million in Q1 2026.
- Historically, Deferred Taxes has averaged $36.8 million across 5 years, with a median of $44.3 million in 2023.
- Annual changes were most pronounced in 2022 — Deferred Taxes jumped 161935.29% — and 2026, when it tumbled 426.92%.
- SM Energy's Deferred Taxes stood at $66.1 million in 2022, then sank by 32.14% to $44.8 million in 2023, then surged by 30.45% to $58.5 million in 2024, then plunged by 43.82% to $32.9 million in 2025, then tumbled by 358.74% to -$85.0 million in 2026.
- Business Quant data shows SM's Deferred Taxes at -$85.0 million in Q1 2026, $32.9 million in Q4 2025, and $75.7 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.74 Bn | 156.05 Bn | 12.81 Bn | 47.00 Mn |
| 2 | Canadian Natural Resources | 106.42 Bn | 104.53 Bn | 10.66 Bn | 225.55 Mn |
| 3 | Eog Resources | 80.27 Bn | 75.36 Bn | - | 346.00 Mn |
| 4 | Diamondback Energy | 59.15 Bn | 58.69 Bn | 5.55 Bn | 36.00 Mn |
| 5 | Woodside Energy | 46.12 Bn | 40.17 Bn | 6.02 Bn | - |
| 6 | Devon Energy | 46.08 Bn | 45.07 Bn | 6.02 Bn | 95.00 Mn |
| 7 | Occidental Petroleum | 39.27 Bn | 35.12 Bn | 7.73 Bn | 707.00 Mn |
| 8 | Eqt | 33.82 Bn | 33.71 Bn | 1.42 Bn | 81.22 Mn |
| 9 | Texas Pacific Land | 26.54 Bn | 26.29 Bn | - | -1.61 Mn |
| 10 | SM Energy | 8.89 Bn | 8.12 Bn | 1.94 Bn | 316.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 316.00 Mn |
| Mar 31, 2026 | -85.00 Mn |
| Dec 31, 2025 | 32.85 Mn |
| Sep 30, 2025 | 75.69 Mn |
| Jun 30, 2025 | 43.20 Mn |
| Mar 31, 2025 | 26.00 Mn |
| Dec 31, 2024 | 58.48 Mn |
| Sep 30, 2024 | 45.62 Mn |
| Jun 30, 2024 | 43.52 Mn |
| Mar 31, 2024 | 27.39 Mn |
| Dec 31, 2023 | 44.83 Mn |
| Sep 30, 2023 | -51.08 Mn |
| Jun 30, 2023 | 44.28 Mn |
| Mar 31, 2023 | 49.97 Mn |
| Dec 31, 2022 | 66.06 Mn |
| Sep 30, 2022 | 110.05 Mn |
| Jun 30, 2022 | 81.00 Mn |
| Mar 31, 2022 | 11.95 Mn |
| Dec 31, 2021 | 9.85 Mn |
| Sep 30, 2021 | -68,000.00 |