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
DateValue
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