SM Energy (SM) Net Income (2009 - 2026)
SM Energy (SM) posted quarterly Net Income of -$335.0 million for Q1 2026, down 284.07% year-over-year from $182.0 million in Q1 2025, and down 407.4% quarter-over-quarter from $109.0 million in Q4 2025.
SM Energy (SM) Net Income (2009 - 2026) Analysis & Trends
SM Energy (SM) has reported Net Income for 18 consecutive years, with -$335.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Income fell 284.07% year-over-year to -$335.0 million; the TTM figure through Mar 2026 stood at $130.7 million (down 84.07% YoY), while the FY2025 annual figure was $648.0 million, down 15.84% from the prior year.
- Net Income retreated to -$335.0 million in Q1 2026 per SM's latest filing, from $109.0 million in the prior quarter.
- Across five years, Net Income topped out at $481.2 million in Q3 2022 and bottomed at -$335.0 million in Q1 2026.
- Historically, Net Income has averaged $177.2 million across 5 years, with a median of $198.6 million in 2023.
- Annual changes were most pronounced in 2022 — Net Income jumped 462.24% — and 2026, when it sank 284.07%.
- SM Energy's Net Income stood at $258.5 million in 2022, then decreased by 4.35% to $247.2 million in 2023, then dropped by 23.96% to $188.0 million in 2024, then slumped by 42.03% to $109.0 million in 2025, then plunged by 407.4% to -$335.0 million in 2026.
- Business Quant data shows SM's Net Income at -$335.0 million in Q1 2026, $109.0 million in Q4 2025, and $155.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn | 3.93 Bn |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn | 3.48 Bn |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - | 2.72 Bn |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn | 2.06 Bn |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn | 2.17 Bn |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn | 1.64 Bn |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | 3.00 Bn |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn | 281.45 Mn |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - | 153.93 Mn |
| 10 | SM Energy | 8.90 Bn | 8.13 Bn | 1.94 Bn | 1.07 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.07 Bn |
| Mar 31, 2026 | -335.00 Mn |
| Dec 31, 2025 | 108.98 Mn |
| Sep 30, 2025 | 155.09 Mn |
| Jun 30, 2025 | 201.67 Mn |
| Mar 31, 2025 | 182.00 Mn |
| Dec 31, 2024 | 187.99 Mn |
| Sep 30, 2024 | 240.52 Mn |
| Jun 30, 2024 | 210.29 Mn |
| Mar 31, 2024 | 131.20 Mn |
| Dec 31, 2023 | 247.23 Mn |
| Sep 30, 2023 | 222.34 Mn |
| Jun 30, 2023 | 149.87 Mn |
| Mar 31, 2023 | 198.55 Mn |
| Dec 31, 2022 | 258.46 Mn |
| Sep 30, 2022 | 481.24 Mn |
| Jun 30, 2022 | 323.49 Mn |
| Mar 31, 2022 | 48.76 Mn |
| Dec 31, 2021 | 424.90 Mn |
| Sep 30, 2021 | 85.59 Mn |