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SM Energy (SM) Research & Development (2016 - 2025)

SM Energy (SM) has disclosed Research & Development for 17 consecutive years, with $18.3 million as the latest value 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 for Q4 2025 was $18.3 million at SM Energy, up from $11.5 million in the prior quarter.
  • The five-year high for Research & Development was $20.9 million in Q2 2022, with the low at $8.7 million in Q3 2021.
  • Average Research & Development over 5 years is $13.7 million, with a median of $13.4 million recorded in 2021.
  • The sharpest move saw Research & Development skyrocketed 139.48% in 2022, then plummeted 36.69% in 2025.
  • Over 5 years, Research & Development stood at $12.5 million in 2021, then dropped by 13.74% to $10.8 million in 2022, then soared by 41.95% to $15.4 million in 2023, then increased by 5.6% to $16.2 million in 2024, then rose by 13.08% to $18.3 million in 2025.
  • According to Business Quant data, Research & Development over the past three periods came in at $18.3 million, $11.5 million, and $15.4 million for Q4 2025, Q3 2025, and Q2 2025 respectively.