SM Energy (SM) Research & Development (2009 - 2026)
SM Energy (SM) posted quarterly Research & Development of $26.0 million for Q1 2026, up 116.67% year-over-year from $12.0 million in Q1 2025, and up 41.69% quarter-over-quarter from $18.3 million in Q4 2025.
SM Energy (SM) Research & Development (2009 - 2026) Analysis & Trends
SM Energy (SM) has reported Research & Development for 18 consecutive years, with $26.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development rose 116.67% year-over-year to $26.0 million; the TTM figure through Mar 2026 stood at $71.2 million (up 24.07% YoY), while the FY2025 annual figure was $57.0 million, down 10.94% from the prior year.
- Research & Development advanced to $26.0 million in Q1 2026 per SM's latest filing, from $18.3 million in the prior quarter.
- Across five years, Research & Development topped out at $26.0 million in Q1 2026 and bottomed at $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.
- Annual changes were most pronounced in 2022 — Research & Development soared 139.48% — and 2025, when it plunged 35.42%.
- SM Energy's Research & Development stood at $10.8 million in 2022, then surged by 41.95% to $15.4 million in 2023, then grew by 5.6% to $16.2 million in 2024, then increased by 13.08% to $18.3 million in 2025, then soared by 41.69% to $26.0 million in 2026.
- Business Quant data shows SM's Research & Development at $26.0 million in Q1 2026, $18.3 million in Q4 2025, and $11.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 75.00 Mn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | - |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 47.00 Mn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | - |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 16.00 Mn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 37.00 Mn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | - |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | - |
| 10 | SM Energy | 8.96 Bn | 8.19 Bn | 1.94 Bn | 21.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 21.00 Mn |
| Mar 31, 2026 | 26.00 Mn |
| Dec 31, 2025 | 18.35 Mn |
| Sep 30, 2025 | 11.53 Mn |
| Jun 30, 2025 | 15.36 Mn |
| Mar 31, 2025 | 12.00 Mn |
| Dec 31, 2024 | 16.23 Mn |
| Sep 30, 2024 | 12.10 Mn |
| Jun 30, 2024 | 17.09 Mn |
| Mar 31, 2024 | 18.58 Mn |
| Dec 31, 2023 | 15.37 Mn |
| Sep 30, 2023 | 10.25 Mn |
| Jun 30, 2023 | 14.96 Mn |
| Mar 31, 2023 | 18.43 Mn |
| Dec 31, 2022 | 10.83 Mn |
| Sep 30, 2022 | 14.20 Mn |
| Jun 30, 2022 | 20.87 Mn |
| Mar 31, 2022 | 9.05 Mn |
| Dec 31, 2021 | 12.55 Mn |
| Sep 30, 2021 | 8.71 Mn |