SM Energy (SM) Shares Outstanding (Diluted) (2009 - 2026)
SM Energy (SM) reported Shares Outstanding (Diluted) of 240 million for Q2 2026, up 109.1% from 114.79 million a year earlier and up 20.6% from the prior quarter.
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Analysis
SM Energy (SM) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, SM Energy posted Shares Outstanding (Diluted) of 115 million, down 0.5% from FY2024.
- Shares Outstanding (Diluted) has declined for three consecutive years, though with a five-year compound annual growth rate of 0.2% (FY2020 to FY2025).
- By year, Shares Outstanding (Diluted) came in at 115.53 million in FY2024 (-3.1%), 119.24 million in FY2023 (-3.9%), 124.08 million in FY2022 (+0.3%) and 123.69 million in FY2021 (+8.8%).
- The Q2 2026 figure ranks as the highest quarterly Shares Outstanding (Diluted) in data going back to Q2 2009.
- Year over year, Shares Outstanding (Diluted) gained in three of the last eight quarters, with growth averaging 21.7%.
- The high point for year-over-year Shares Outstanding (Diluted) in five years was Q2 2026 (growth of 109.1%); the low point was Q3 2023 (a decline of 4.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 199 million (Q1 2026), 115 million (Q4 2025) and 115.23 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 540.77 Bn | 451.32 Bn | 30.13 Bn | 5.95 Bn |
| 2 | Chevron | 403.83 Bn | 381.62 Bn | 33.45 Bn | 1.98 Bn |
| 3 | TotalEnergies SE | 188.75 Bn | 71.88 Bn | - | 2.57 Bn |
| 4 | Eni Spa | 170.81 Bn | 120.33 Bn | - | 3.09 Bn |
| 5 | Conocophillips | 150.42 Bn | 123.13 Bn | 12.81 Bn | 1.21 Bn |
| 6 | Equinor Asa | 104.06 Bn | 50.12 Bn | - | 2.60 Bn |
| 7 | Phillips 66 | 101.90 Bn | 90.89 Bn | 8.38 Bn | 402.62 Mn |
| 8 | Canadian Natural Resources | 97.96 Bn | 94.91 Bn | - | 2.10 Bn |
| 9 | Suncor Energy | 80.99 Bn | 66.79 Bn | - | 1.22 Bn |
| 10 | SM Energy | 8.03 Bn | 6.43 Bn | 1.94 Bn | 240.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 240.00 Mn |
| Mar 31, 2026 | 199.00 Mn |
| Dec 31, 2025 | 115.00 Mn |
| Sep 30, 2025 | 115.23 Mn |
| Jun 30, 2025 | 114.79 Mn |
| Mar 31, 2025 | 114.95 Mn |
| Dec 31, 2024 | 115.53 Mn |
| Sep 30, 2024 | 114.99 Mn |
| Jun 30, 2024 | 115.72 Mn |
| Mar 31, 2024 | 116.46 Mn |
| Dec 31, 2023 | 119.24 Mn |
| Sep 30, 2023 | 118.33 Mn |
| Jun 30, 2023 | 120.07 Mn |
| Mar 31, 2023 | 122.29 Mn |
| Dec 31, 2022 | 124.08 Mn |
| Sep 30, 2022 | 124.28 Mn |
| Jun 30, 2022 | 124.34 Mn |
| Mar 31, 2022 | 124.18 Mn |
| Dec 31, 2021 | 123.69 Mn |
| Sep 30, 2021 | 123.85 Mn |
API Access
SM Energy Shares Outstanding (Diluted) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=SM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "SM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=SM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();