SM Energy (SM) Non-Current Debt (2009 - 2025)

SM Energy (SM) reported Non-Current Debt of $2.3 billion for Q4 2025, down 15.21% year-over-year from $2.7 billion in Q4 2024, and down 15.36% quarter-over-quarter from $2.7 billion in Q3 2025.

SM Energy (SM) Non-Current Debt (2009 - 2025) Analysis & Trends

SM Energy (SM) has 15 years of Non-Current Debt data on file, last reported at $2.3 billion in Q4 2025.

  • Non-Current Debt for Q4 2025 came in at $2.3 billion, down 15.21% year-over-year; the trailing twelve-month figure through Dec 2025 was $2.3 billion (down 15.21% YoY), and the FY2025 annual result was $2.3 billion, down 15.21% from the prior year.
  • Non-Current Debt slipped to $2.3 billion in Q4 2025 per SM's latest filing, from $2.7 billion in the prior quarter.
  • Over five years, Non-Current Debt peaked at $2.7 billion in Q3 2025 and troughed at $1.6 billion in Q2 2022.
  • A 5-year average of $2.1 billion and a median of $2.1 billion in 2021 frame the typical range for Non-Current Debt.
  • The sharpest annual moves came in 2021 and 2022: Non-Current Debt soared 1067.21% in 2021, then declined 26.59% in 2022.
  • A 5-year view of Non-Current Debt shows it stood at $2.1 billion in 2021, then decreased by 24.46% to $1.6 billion in 2022, then gained by 0.2% to $1.6 billion in 2023, then soared by 71.9% to $2.7 billion in 2024, then dropped by 15.21% to $2.3 billion in 2025.
  • Business Quant data shows SM's Non-Current Debt at $2.3 billion in Q4 2025, $2.7 billion in Q3 2025, and $2.7 billion in Q1 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Non-Current Debt (Qtr)
1 Woodside Energy 630.08 Bn 624.14 Bn - 11.18 Bn
2 Canadian Natural Resources 388.31 Bn 388.31 Bn 6.72 Bn 12.05 Bn
3 Conocophillips 142.98 Bn 136.61 Bn 9.48 Bn 22.26 Bn
4 Eog Resources 72.93 Bn 69.08 Bn - 7.90 Bn
5 Occidental Petroleum 55.91 Bn 52.73 Bn 4.87 Bn 15.25 Bn
6 Diamondback Energy 54.95 Bn 61.11 Bn 4.22 Bn 13.15 Bn
7 Vista Energy, S.A.B. de C.V 35.18 Bn 34.56 Bn 472.36 Mn -
8 Eqt 32.94 Bn 36.28 Bn 2.98 Bn 271.00 Mn
9 Vermilion Energy 31.24 Bn 31.05 Bn 370.10 Mn 914.67 Mn
10 SM Energy 6.19 Bn 5.54 Bn 1.05 Bn -

Historic Data

Download Data
DateValue
Dec 31, 2025 2.30 Bn
Dec 31, 2025 2.30 Bn
Sep 30, 2025 2.71 Bn
Sep 30, 2025 2.71 Bn
Mar 31, 2025 2.71 Bn
Mar 31, 2025 2.71 Bn
Dec 31, 2024 2.71 Bn
Dec 31, 2024 2.71 Bn
Sep 30, 2024 2.71 Bn
Sep 30, 2024 2.71 Bn
Dec 31, 2023 1.58 Bn
Dec 31, 2023 1.58 Bn
Sep 30, 2023 1.57 Bn
Sep 30, 2023 1.57 Bn
Mar 31, 2023 1.57 Bn
Mar 31, 2023 1.57 Bn
Dec 31, 2022 1.57 Bn
Dec 31, 2022 1.57 Bn
Sep 30, 2022 1.57 Bn
Sep 30, 2022 1.57 Bn