SM Energy (SM) Invested Capital (2009 - 2026)

SM Energy (SM) has 18 years of Invested Capital data on file, last reported at $7.6 billion in Q1 2026.

• Invested Capital for Q1 2026 came in at $7.6 billion, up 70.62% year-over-year; the trailing twelve-month figure through Mar 2026 was $7.6 billion (up 70.62% YoY), and the FY2025 annual result was $4.8 billion, up 13.38% from the prior year.
• Invested Capital improved to $7.6 billion in Q1 2026 per SM's latest filing, from $4.8 billion in the prior quarter.
• Over five years, Invested Capital peaked at $7.6 billion in Q1 2026 and troughed at $2.7 billion in Q1 2022.
• A 5-year average of $4.0 billion and a median of $3.7 billion in 2024 frame the typical range for Invested Capital.
• The sharpest annual moves came in 2023 and 2026: Invested Capital climbed 13.31% in 2023, then soared 70.62% in 2026.
• A 5-year view of Invested Capital shows it stood at $3.1 billion in 2022, then increased by 15.33% to $3.6 billion in 2023, then gained by 17.15% to $4.2 billion in 2024, then climbed by 13.38% to $4.8 billion in 2025, then jumped by 57.34% to $7.6 billion in 2026.
• Business Quant data shows SM's Invested Capital at $7.6 billion in Q1 2026, $4.8 billion in Q4 2025, and $4.7 billion in Q3 2025.