KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Consolidated Net IncomeCost of RevenueEBITEBITDAEBTEPS (Basic)EPS (Weighted Average and Diluted)Gross ProfitIncome from Continuing OperationsIncome towards Parent CompanyInterest & Investment IncomeInterest ExpensesInterest ExpensesNet Income towards Common StockholdersNon Operating IncomeNon Operating Investment IncomeNon Operating Investment IncomeOperating ExpensesOperating IncomeOther Non Operating IncomeOther Operating ExpensesProfit After TaxResearch & DevelopmentRevenueSelling, General & AdministrativeShares OutstandingShares Outstanding (Diluted Average)Shares Outstanding (Weighted Average)Tax ProvisionsTax RateTax Rate
Others
Ratios

SM Energy (SM) Operating Expenses (2016 - 2026)

SM Energy has reported Operating Expenses over the past 17 years, most recently at $522.6 million for Q4 2025.

  • Quarterly Operating Expenses fell 7.62% to $522.6 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $2.2 billion through Dec 2025, up 33.37% year-over-year, with the annual reading at $2.2 billion for FY2025, 33.37% up from the prior year.
  • Operating Expenses was $522.6 million for Q4 2025 at SM Energy, down from $565.1 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $758.0 million in Q1 2022 and troughed at $213.2 million in Q3 2022.
  • The 5-year median for Operating Expenses is $462.3 million (2022), against an average of $467.4 million.
  • Year-over-year, Operating Expenses crashed 66.38% in 2022 and then surged 108.9% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $380.5 million in 2021, then fell by 13.64% to $328.7 million in 2022, then fell by 9.07% to $298.8 million in 2023, then skyrocketed by 89.3% to $565.7 million in 2024, then fell by 7.62% to $522.6 million in 2025.
  • Per Business Quant, the three most recent readings for SM's Operating Expenses are $522.6 million (Q4 2025), $565.1 million (Q3 2025), and $498.0 million (Q2 2025).