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Consolidated Net IncomeEBITEBITDAEBTEPS (Basic)EPS (Weighted Average and Diluted)Gross ProfitIncome from Continuing OperationsIncome towards Parent CompanyInterest & Investment IncomeInterest ExpensesNet Income towards Common StockholdersNon Operating IncomeNon Operating Investment IncomeOperating ExpensesOperating IncomeOther Non Operating IncomeOther Operating ExpensesProfit After TaxResearch & DevelopmentRevenueSelling, General & AdministrativeShares OutstandingShares Outstanding (Diluted Average)Shares Outstanding (Weighted Average)Tax ProvisionsTax Rate
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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.

  • On a quarterly basis, Research & Development rose 13.08% to $18.3 million in Q4 2025 year-over-year; TTM through Dec 2025 was $57.0 million, a 10.94% decrease, with the full-year FY2025 number at $57.0 million, down 10.94% from a year prior.
  • Research & Development was $18.3 million for Q4 2025 at SM Energy, up from $11.5 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $20.9 million in Q2 2022 to a low of $8.7 million in Q3 2021.
  • A 5-year average of $13.7 million and a median of $13.4 million in 2021 define the central range for Research & Development.
  • Peak YoY movement for Research & Development: soared 139.48% in 2022, then crashed 36.69% in 2025.
  • SM Energy's Research & Development stood at $12.5 million in 2021, then fell by 13.74% to $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.
  • 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).