SM Energy (SM) Operating Income (2009 - 2026)
SM Energy (SM) posted Operating Income of $236 million for Q3 2026, down 4.1% from $246 million a year earlier and down 84.2% from the prior quarter.
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Analysis
SM Energy (SM) Operating Income (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Operating Income at SM Energy was $1.62 billion, up 46.3% 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.
- Quarterly Operating Income has run from a low of -$298 million in Q1 2026 to a high of $1.5 billion in Q2 2026 over five years.
- On a year-over-year basis, Operating Income increased in three of the last seven quarters, with growth averaging 56.2%.
- 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 $1.5 billion (Q2 2026), -$298 million (Q1 2026) and $182 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 21.42 Bn |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | - |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 13.93 Bn |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 26.50 Bn |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 2.14 Bn |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 10.19 Bn |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 11.96 Bn |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | 8.76 Bn |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 7.35 Bn |
| 10 | SM Energy | 7.71 Bn | 5.83 Bn | 1.60 Bn | 236.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 236.00 Mn |
| Jun 30, 2026 | 1.50 Bn |
| Mar 31, 2026 | -298.00 Mn |
| Dec 31, 2025 | 182.00 Mn |
| Sep 30, 2025 | 246.00 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 |
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();