SM Energy (SM) Operating Income (2009 - 2026)
SM Energy (SM) posted Operating Income of $1.5 billion for Q2 2026, up 407.1% from $295 million a year earlier.
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Analysis
SM Energy (SM) Operating Income (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Income at SM Energy was $1.63 billion, up 36.8% year-over-year; for FY2025, it came in at $1 billion, down 7.1% from FY2024.
- In prior years, SM Energy's Operating Income was $1.08 billion in FY2024 (+9.0%), $987 million in FY2023 (-37.5%), $1.58 billion in FY2022 (+655.3%) and $209.12 million in FY2021.
- The Q2 2026 figure stands as the highest quarterly Operating Income in data going back to Q2 2009.
- On a year-over-year basis, Operating Income increased in four of the last seven quarters, with growth averaging 66.7%.
- The strongest year-over-year quarter for Operating Income in the past five years was Q2 2026, with growth of 407.1%; the weakest was Q3 2023, with a decline of 68.6%.
- According to Business Quant data, Operating Income for the three prior quarters was -$298 million (Q1 2026), $182.32 million (Q4 2025) and $246.48 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 548.90 Bn | 459.45 Bn | 30.13 Bn | 26.95 Bn |
| 2 | Chevron | 407.58 Bn | 385.38 Bn | 33.45 Bn | -19.92 Bn |
| 3 | TotalEnergies SE | 199.37 Bn | 82.49 Bn | - | - |
| 4 | Eni Spa | 174.90 Bn | 124.42 Bn | - | 1.37 Bn |
| 5 | Conocophillips | 151.32 Bn | 124.03 Bn | 12.81 Bn | 10.38 Bn |
| 6 | Equinor Asa | 105.71 Bn | 51.77 Bn | - | 12.99 Bn |
| 7 | Phillips 66 | 101.18 Bn | 90.17 Bn | 8.38 Bn | -38.69 Bn |
| 8 | Canadian Natural Resources | 99.04 Bn | 95.99 Bn | - | - |
| 9 | Suncor Energy | 82.08 Bn | 67.87 Bn | - | 5.33 Bn |
| 10 | SM Energy | 7.97 Bn | 6.37 Bn | 1.94 Bn | 1.50 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.50 Bn |
| Mar 31, 2026 | -298.00 Mn |
| Dec 31, 2025 | 182.32 Mn |
| Sep 30, 2025 | 246.48 Mn |
| Jun 30, 2025 | 295.00 Mn |
| Mar 31, 2025 | 276.00 Mn |
| Dec 31, 2024 | 287.27 Mn |
| Sep 30, 2024 | 330.95 Mn |
| Jun 30, 2024 | 279.38 Mn |
| Mar 31, 2024 | 178.40 Mn |
| Dec 31, 2023 | 310.01 Mn |
| Sep 30, 2023 | 195.60 Mn |
| Jun 30, 2023 | 209.35 Mn |
| Mar 31, 2023 | 272.05 Mn |
| Dec 31, 2022 | 342.66 Mn |
| Sep 30, 2022 | 622.28 Mn |
| Jun 30, 2022 | 512.81 Mn |
| Mar 31, 2022 | 101.74 Mn |
| Dec 31, 2021 | 474.41 Mn |
| Sep 30, 2021 | 126.26 Mn |
API Access
SM Energy Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=SM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "SM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=SM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();