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SM Energy (SM) Research & Development (2016 - 2026)

SM Energy has reported Research & Development over the past 17 years, most recently at $18.3 million for Q4 2025.

  • Quarterly Research & Development rose 13.08% to $18.3 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $57.0 million through Dec 2025, down 10.94% year-over-year, with the annual reading at $57.0 million for FY2025, 10.94% down from the prior year.
  • Research & Development was $18.3 million for Q4 2025 at SM Energy, up from $11.5 million in the prior quarter.
  • Over five years, Research & Development peaked at $20.9 million in Q2 2022 and troughed at $8.7 million in Q3 2021.
  • The 5-year median for Research & Development is $13.4 million (2021), against an average of $13.7 million.
  • Year-over-year, Research & Development soared 139.48% in 2022 and then crashed 36.69% in 2025.
  • A 5-year view of Research & Development shows it stood at $12.5 million in 2021, then decreased by 13.74% to $10.8 million in 2022, then skyrocketed by 41.95% to $15.4 million in 2023, then rose by 5.6% to $16.2 million in 2024, then grew by 13.08% to $18.3 million in 2025.
  • Per Business Quant, the three most recent readings for SM's Research & Development are $18.3 million (Q4 2025), $11.5 million (Q3 2025), and $15.4 million (Q2 2025).