SM Energy (SM) Gross Profit (2009 - 2026)
SM Energy's (SM) quarterly Gross Profit came in at $1.1 billion in Q1 2026, up 69.52% year-on-year from $620.0 million in Q1 2025, and up 105.51% on a QoQ basis from $511.4 million in Q4 2025.
SM Energy (SM) Gross Profit (2009 - 2026) Analysis & Trends
SM Energy (SM) has 18 years of Gross Profit data on file, last reported at $1.1 billion in Q1 2026.
- On a quarterly basis, Gross Profit rose 69.52% year-over-year to $1.1 billion in Q1 2026; TTM through Mar 2026 was $2.7 billion, a 21.75% increase from a year earlier, with the FY2025 full-year figure at $2.3 billion, up 11.55% from the prior year.
- Gross Profit for Q1 2026 stood at $1.1 billion, up from $511.4 million in the prior quarter.
- Over the last five years, Gross Profit for SM reached as high as $1.1 billion in Q1 2026 and fell as low as $405.2 million in Q2 2023.
- Historically, Gross Profit has averaged $581.6 million across 5 years, with a median of $518.6 million in 2022.
- Across the five-year window, Gross Profit jumped 108.53% in 2022 and tumbled 50.88% in 2023, its largest moves.
- Year by year, Gross Profit stood at $518.6 million in 2022, then fell by 11.1% to $461.0 million in 2023, then jumped by 34.12% to $618.3 million in 2024, then slipped by 17.29% to $511.4 million in 2025, then surged by 105.51% to $1.1 billion in 2026.
- Per Business Quant data, the three most recent Gross Profit figures were $1.1 billion in Q1 2026, $511.4 million in Q4 2025, and $582.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn |
| 10 | SM Energy | 6.05 Bn | 5.40 Bn | 1.05 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.05 Bn |
| Mar 31, 2026 | 1.05 Bn |
| Dec 31, 2025 | 511.41 Mn |
| Dec 31, 2025 | 511.41 Mn |
| Sep 30, 2025 | 582.56 Mn |
| Sep 30, 2025 | 582.56 Mn |
| Jun 30, 2025 | 568.94 Mn |
| Jun 30, 2025 | 568.94 Mn |
| Mar 31, 2025 | 620.00 Mn |
| Mar 31, 2025 | 620.00 Mn |
| Dec 31, 2024 | 618.34 Mn |
| Dec 31, 2024 | 618.34 Mn |
| Sep 30, 2024 | 494.00 Mn |
| Sep 30, 2024 | 494.00 Mn |
| Jun 30, 2024 | 496.83 Mn |
| Jun 30, 2024 | 496.83 Mn |
| Mar 31, 2024 | 422.22 Mn |
| Mar 31, 2024 | 422.22 Mn |
| Dec 31, 2023 | 461.04 Mn |
| Dec 31, 2023 | 461.04 Mn |