SM Energy (SM) Enterprise Value (2009 - 2026)
SM Energy (SM) posted quarterly Enterprise Value of -$650.0 million for Q1 2026, down 970.95% year-over-year from $74.6 million in Q1 2025, and down 44.12% quarter-over-quarter from -$451.0 million in Q4 2025.
SM Energy (SM) Enterprise Value (2009 - 2026) Analysis & Trends
SM Energy (SM) has reported Enterprise Value for 18 consecutive years, with -$650.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Enterprise Value fell 970.95% year-over-year to -$650.0 million; the TTM figure through Mar 2026 stood at -$650.0 million (down 970.95% YoY), while the FY2025 annual figure was -$451.0 million, down 820.41% from the prior year.
- Enterprise Value slipped to -$650.0 million in Q1 2026 per SM's latest filing, from -$451.0 million in the prior quarter.
- Across five years, Enterprise Value topped out at -$49.0 million in Q4 2024 and bottomed at -$1.8 billion in Q3 2024.
- Historically, Enterprise Value has averaged -$490.9 million across 5 years, with a median of -$452.4 million in 2023.
- Annual changes were most pronounced in 2022 — Enterprise Value tumbled 1959.24% — and 2024, when it jumped 92.71%.
- SM Energy's Enterprise Value stood at -$493.7 million in 2022, then tumbled by 36.24% to -$672.6 million in 2023, then surged by 92.71% to -$49.0 million in 2024, then plunged by 820.41% to -$451.0 million in 2025, then plunged by 44.12% to -$650.0 million in 2026.
- Business Quant data shows SM's Enterprise Value at -$650.0 million in Q1 2026, -$451.0 million in Q4 2025, and -$230.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | -7.69 Bn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | -1.89 Bn |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | -4.91 Bn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 5.62 Bn |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | -1.01 Bn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | -5.94 Bn |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | -3.52 Bn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 3.49 Bn |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | -248.61 Mn |
| 10 | SM Energy | 8.96 Bn | 8.19 Bn | 1.94 Bn | -765.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -765.00 Mn |
| Mar 31, 2026 | -650.00 Mn |
| Dec 31, 2025 | -451.00 Mn |
| Sep 30, 2025 | -230.82 Mn |
| Jun 30, 2025 | -180.38 Mn |
| Mar 31, 2025 | -60.69 Mn |
| Dec 31, 2024 | -49.00 Mn |
| Sep 30, 2024 | -1.81 Bn |
| Jun 30, 2024 | -515.08 Mn |
| Mar 31, 2024 | -540.17 Mn |
| Dec 31, 2023 | -672.61 Mn |
| Sep 30, 2023 | -427.50 Mn |
| Jun 30, 2023 | -452.38 Mn |
| Mar 31, 2023 | -558.93 Mn |
| Dec 31, 2022 | -493.68 Mn |
| Sep 30, 2022 | -540.64 Mn |
| Jun 30, 2022 | -285.40 Mn |
| Mar 31, 2022 | -429.54 Mn |
| Dec 31, 2021 | -356.81 Mn |
| Sep 30, 2021 | -54.31 Mn |