SM Energy (SM) Gross Profit (2017 - 2026)
SM Energy (SM) reported Gross Profit of $1.94 billion for Q2 2026, up 241.7% from $569 million a year earlier and up 85.0% from the prior quarter.
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Analysis
SM Energy (SM) Gross Profit (2017 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, SM Energy's Gross Profit came in at $4.08 billion, up 75.6% year-over-year; for FY2025, it came in at $2.27 billion, up 10.5% from FY2024.
- Gross Profit has a five-year compound annual growth rate of 25.3% (FY2020 to FY2025).
- By year, Gross Profit came in at $2.05 billion in FY2024 (+13.4%), $1.81 billion in FY2023 (-33.9%), $2.74 billion in FY2022 (+29.3%) and $2.12 billion in FY2021 (+187.9%).
- The Q2 2026 figure ranks as the highest quarterly Gross Profit in data going back to Q3 2017.
- Year over year, Gross Profit gained in six of the last eight quarters, with growth averaging 50.2%.
- The high point for year-over-year Gross Profit in five years was Q2 2026 (growth of 241.7%); the low point was Q2 2023 (a decline of 51.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $1.05 billion (Q1 2026), $498.04 million (Q4 2025) and $582.56 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Shell | 540.77 Bn | 451.32 Bn | 30.13 Bn |
| 2 | Chevron | 403.83 Bn | 381.62 Bn | 33.45 Bn |
| 3 | TotalEnergies SE | 188.75 Bn | 71.88 Bn | - |
| 4 | Eni Spa | 170.81 Bn | 120.33 Bn | - |
| 5 | Conocophillips | 150.42 Bn | 123.13 Bn | 12.81 Bn |
| 6 | Equinor Asa | 104.06 Bn | 50.12 Bn | - |
| 7 | Phillips 66 | 101.90 Bn | 90.89 Bn | 8.38 Bn |
| 8 | Canadian Natural Resources | 97.96 Bn | 94.91 Bn | - |
| 9 | Suncor Energy | 80.99 Bn | 66.79 Bn | - |
| 10 | SM Energy | 8.03 Bn | 6.43 Bn | 1.94 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.94 Bn |
| Mar 31, 2026 | 1.05 Bn |
| Dec 31, 2025 | 498.04 Mn |
| Sep 30, 2025 | 582.56 Mn |
| Jun 30, 2025 | 569.00 Mn |
| Mar 31, 2025 | 620.00 Mn |
| Dec 31, 2024 | 637.34 Mn |
| Sep 30, 2024 | 495.23 Mn |
| Jun 30, 2024 | 497.93 Mn |
| Mar 31, 2024 | 422.50 Mn |
| Dec 31, 2023 | 471.04 Mn |
| Sep 30, 2023 | 502.64 Mn |
| Jun 30, 2023 | 405.17 Mn |
| Mar 31, 2023 | 431.16 Mn |
| Dec 31, 2022 | 520.65 Mn |
| Sep 30, 2022 | 675.49 Mn |
| Jun 30, 2022 | 826.51 Mn |
| Mar 31, 2022 | 715.09 Mn |
| Dec 31, 2021 | 711.68 Mn |
| Sep 30, 2021 | 624.49 Mn |
API Access
SM Energy Gross Profit API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-profit&ticker=SM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-profit", "ticker": "SM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-profit&ticker=SM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();