SM Energy (SM) EBT (2009 - 2026)
SM Energy (SM) reported EBT of -$410.0 million for Q1 2026, down 276.72% year-over-year from $232.0 million in Q1 2025, and down 390.36% quarter-over-quarter from $141.2 million in Q4 2025.
SM Energy (SM) EBT (2009 - 2026) Analysis & Trends
SM Energy (SM) has 18 years of EBT data on file, last reported at -$410.0 million in Q1 2026.
- EBT for Q1 2026 came in at -$410.0 million, down 276.72% year-over-year; the trailing twelve-month figure through Mar 2026 was $188.0 million (down 81.83% YoY), and the FY2025 annual result was $830.0 million, down 14.08% from the prior year.
- EBT eased to -$410.0 million in Q1 2026 per SM's latest filing, from $141.2 million in the prior quarter.
- Over five years, EBT peaked at $600.6 million in Q3 2022 and troughed at -$410.0 million in Q1 2026.
- A 5-year average of $217.4 million and a median of $241.2 million in 2024 frame the typical range for EBT.
- The sharpest annual moves came in 2022 and 2026: EBT soared 602.03% in 2022, then plunged 276.72% in 2026.
- A 5-year view of EBT shows it stood at $323.3 million in 2022, then dropped by 9.81% to $291.6 million in 2023, then slipped by 17.29% to $241.2 million in 2024, then plunged by 41.46% to $141.2 million in 2025, then slumped by 390.36% to -$410.0 million in 2026.
- Business Quant data shows SM's EBT at -$410.0 million in Q1 2026, $141.2 million in Q4 2025, and $204.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | 1.10 Bn |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | 1.26 Bn |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 3.36 Bn |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 2.56 Bn |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 390.00 Mn |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 176.00 Mn |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 143.53 Mn |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 1.99 Bn |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | -176.71 Mn |
| 10 | SM Energy | 6.19 Bn | 5.54 Bn | 1.05 Bn | -410.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -410.00 Mn |
| Dec 31, 2025 | 141.20 Mn |
| Sep 30, 2025 | 204.29 Mn |
| Jun 30, 2025 | 252.50 Mn |
| Mar 31, 2025 | 232.00 Mn |
| Dec 31, 2024 | 241.20 Mn |
| Sep 30, 2024 | 297.65 Mn |
| Jun 30, 2024 | 263.88 Mn |
| Mar 31, 2024 | 163.27 Mn |
| Dec 31, 2023 | 291.61 Mn |
| Sep 30, 2023 | 176.36 Mn |
| Jun 30, 2023 | 191.97 Mn |
| Mar 31, 2023 | 254.06 Mn |
| Dec 31, 2022 | 323.33 Mn |
| Sep 30, 2022 | 600.62 Mn |
| Jun 30, 2022 | 410.20 Mn |
| Mar 31, 2022 | 61.63 Mn |
| Dec 31, 2021 | 434.93 Mn |
| Sep 30, 2021 | 85.55 Mn |
| Jun 30, 2021 | -223.16 Mn |