KPIs & Operating Metrics(New)
Growth Metrics

SM Energy (SM) Shares Outstanding (Diluted Average) (2016 - 2025)

SM Energy (SM) has disclosed Shares Outstanding (Diluted Average) for 17 consecutive years, with $115.0 million as the latest value for Q4 2025.

  • On a quarterly basis, Shares Outstanding (Diluted Average) fell 0.86% to $115.0 million in Q4 2025 year-over-year; TTM through Dec 2025 was $115.0 million, a 0.86% decrease, with the full-year FY2025 number at $115.0 million, down 0.86% from a year prior.
  • Shares Outstanding (Diluted Average) was $115.0 million for Q4 2025 at SM Energy, roughly flat from $115.0 million in the prior quarter.
  • In the past five years, Shares Outstanding (Diluted Average) ranged from a high of $124.3 million in Q3 2022 to a low of $114.8 million in Q1 2021.
  • A 5-year average of $119.0 million and a median of $117.4 million in 2021 define the central range for Shares Outstanding (Diluted Average).
  • Peak YoY movement for Shares Outstanding (Diluted Average): grew 8.76% in 2021, then fell 4.79% in 2023.
  • SM Energy's Shares Outstanding (Diluted Average) stood at $123.7 million in 2021, then grew by 0.32% to $124.1 million in 2022, then dropped by 4.1% to $119.0 million in 2023, then fell by 2.52% to $116.0 million in 2024, then fell by 0.86% to $115.0 million in 2025.
  • Per Business Quant, the three most recent readings for SM's Shares Outstanding (Diluted Average) are $115.0 million (Q4 2025), $115.0 million (Q3 2025), and $114.9 million (Q2 2025).