SM Energy (SM) EBT (2009 - 2026)
SM Energy (SM) posted quarterly 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 reported EBT for 18 consecutive years, with -$410.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, EBT fell 276.72% year-over-year to -$410.0 million; the TTM figure through Mar 2026 stood at $188.0 million (down 81.83% YoY), while the FY2025 annual figure was $830.0 million, down 14.08% from the prior year.
- EBT retreated to -$410.0 million in Q1 2026 per SM's latest filing, from $141.2 million in the prior quarter.
- Across five years, EBT topped out at $600.6 million in Q3 2022 and bottomed at -$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.
- Annual changes were most pronounced in 2022 — EBT soared 602.03% — and 2026, when it plunged 276.72%.
- SM Energy's EBT stood at $323.3 million in 2022, then declined by 9.81% to $291.6 million in 2023, then dropped 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.
- 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 6.08 Bn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 4.26 Bn |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 3.50 Bn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 2.64 Bn |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 2.12 Bn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | 2.17 Bn |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 3.92 Bn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 366.38 Mn |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 193.70 Mn |
| 10 | SM Energy | 8.96 Bn | 8.19 Bn | 1.94 Bn | 1.39 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.39 Bn |
| 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 |