SM Energy (SM) EBT (2009 - 2026)
SM Energy's (SM) quarterly EBT came in at -$410.0 million in Q1 2026, down 276.72% year-on-year from $232.0 million in Q1 2025, and down 390.36% on a QoQ basis 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.
- On a quarterly basis, EBT fell 276.72% year-over-year to -$410.0 million in Q1 2026; TTM through Mar 2026 was $188.0 million, a 81.83% decrease from a year earlier, with the FY2025 full-year figure at $830.0 million, down 14.08% from the prior year.
- EBT for Q1 2026 stood at -$410.0 million, down from $141.2 million in the prior quarter.
- Over the last five years, EBT for SM reached as high as $600.6 million in Q3 2022 and fell as low as -$410.0 million in Q1 2026.
- Historically, EBT has averaged $217.4 million across 5 years, with a median of $241.2 million in 2024.
- Across the five-year window, EBT jumped 602.03% in 2022 and slumped 276.72% in 2026, its largest moves.
- Year by year, EBT stood at $323.3 million in 2022, then retreated by 9.81% to $291.6 million in 2023, then fell by 17.29% to $241.2 million in 2024, then sank by 41.46% to $141.2 million in 2025, then tumbled by 390.36% to -$410.0 million in 2026.
- Per Business Quant data, the three most recent EBT figures were -$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 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 3.36 Bn |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 2.56 Bn |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 176.00 Mn |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 1.90 Bn |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 390.00 Mn |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 366.38 Mn |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 183.56 Mn |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 28.00 Mn |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 1.49 Bn |
| 10 | SM Energy | 6.05 Bn | 5.40 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 |