SM Energy (SM) Research & Development (2009 - 2026)

SM Energy (SM) has 18 years of Research & Development data on file, last reported at $26.0 million in Q1 2026.

• On a quarterly basis, Research & Development rose 116.67% year-over-year to $26.0 million in Q1 2026; TTM through Mar 2026 was $71.2 million, a 24.07% increase from a year earlier, with the FY2025 full-year figure at $57.0 million, down 10.94% from the prior year.
• Research & Development for Q1 2026 stood at $26.0 million, up from $18.3 million in the prior quarter.
• Over the last five years, Research & Development for SM reached as high as $26.0 million in Q1 2026 and fell as low as $9.0 million in Q1 2022.
• Historically, Research & Development has averaged $15.4 million across 5 years, with a median of $15.4 million in 2025.
• Across the five-year window, Research & Development jumped 139.48% in 2022 and slumped 35.42% in 2025, its largest moves.
• Year by year, Research & Development stood at $10.8 million in 2022, then jumped by 41.95% to $15.4 million in 2023, then rose by 5.6% to $16.2 million in 2024, then gained by 13.08% to $18.3 million in 2025, then surged by 41.69% to $26.0 million in 2026.
• Per Business Quant data, the three most recent Research & Development figures were $26.0 million in Q1 2026, $18.3 million in Q4 2025, and $11.5 million in Q3 2025.