SM Energy (SM) Gross Profit (2009 - 2026)
SM Energy (SM) posted quarterly Gross Profit of $1.1 billion for Q1 2026, up 69.52% year-over-year from $620.0 million in Q1 2025, and up 105.51% quarter-over-quarter from $511.4 million in Q4 2025.
SM Energy (SM) Gross Profit (2009 - 2026) Analysis & Trends
SM Energy (SM) has reported Gross Profit for 18 consecutive years, with $1.1 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Profit rose 69.52% year-over-year to $1.1 billion; the TTM figure through Mar 2026 stood at $2.7 billion (up 21.75% YoY), while the FY2025 annual figure was $2.3 billion, up 11.55% from the prior year.
- Gross Profit advanced to $1.1 billion in Q1 2026 per SM's latest filing, from $511.4 million in the prior quarter.
- Across five years, Gross Profit topped out at $1.1 billion in Q1 2026 and bottomed at $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.
- Annual changes were most pronounced in 2022 — Gross Profit soared 108.53% — and 2023, when it sank 50.88%.
- SM Energy's Gross Profit stood at $518.6 million in 2022, then dropped by 11.1% to $461.0 million in 2023, then surged by 34.12% to $618.3 million in 2024, then retreated by 17.29% to $511.4 million in 2025, then soared by 105.51% to $1.1 billion in 2026.
- Business Quant data shows SM's Gross Profit at $1.1 billion in Q1 2026, $511.4 million in Q4 2025, and $582.6 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - |
| 10 | SM Energy | 8.90 Bn | 8.13 Bn | 1.94 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.94 Bn |
| Jun 30, 2026 | 1.94 Bn |
| 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 |