SM Energy (SM) Operating Income (2009 - 2026)

SM Energy (SM) has 18 years of Operating Income data on file, last reported at -$298.0 million in Q1 2026.

• Operating Income for Q1 2026 came in at -$298.0 million, down 207.97% year-over-year; the trailing twelve-month figure through Mar 2026 was $425.7 million (down 63.73% YoY), and the FY2025 annual result was $1.0 billion, down 7.06% from the prior year.
• Operating Income retreated to -$298.0 million in Q1 2026 per SM's latest filing, from $182.3 million in the prior quarter.
• Over five years, Operating Income peaked at $622.3 million in Q3 2022 and troughed at -$298.0 million in Q1 2026.
• A 5-year average of $255.5 million and a median of $276.0 million in 2025 frame the typical range for Operating Income.
• The sharpest annual moves came in 2022 and 2026: Operating Income surged 392.87% in 2022, then tumbled 207.97% in 2026.
• A 5-year view of Operating Income shows it stood at $342.7 million in 2022, then declined by 9.53% to $310.0 million in 2023, then fell by 7.33% to $287.3 million in 2024, then plunged by 36.53% to $182.3 million in 2025, then slumped by 263.45% to -$298.0 million in 2026.
• Business Quant data shows SM's Operating Income at -$298.0 million in Q1 2026, $182.3 million in Q4 2025, and $246.5 million in Q3 2025.