KPIs & Operating Metrics(New)
Growth Metrics

SM Energy (SM) Shares Outstanding (Diluted Average) (2016 - 2026)

SM Energy has reported Shares Outstanding (Diluted Average) over the past 17 years, most recently at $115.0 million for Q4 2025.

  • Quarterly Shares Outstanding (Diluted Average) fell 0.86% to $115.0 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $115.0 million through Dec 2025, down 0.86% year-over-year, with the annual reading at $115.0 million for FY2025, 0.86% down from the prior year.
  • Shares Outstanding (Diluted Average) was $115.0 million for Q4 2025 at SM Energy, roughly flat from $115.0 million in the prior quarter.
  • Over five years, Shares Outstanding (Diluted Average) peaked at $124.3 million in Q2 2022 and troughed at $114.8 million in Q1 2021.
  • The 5-year median for Shares Outstanding (Diluted Average) is $118.3 million (2021), against an average of $118.8 million.
  • Year-over-year, Shares Outstanding (Diluted Average) grew 8.76% in 2021 and then fell 4.79% in 2023.
  • A 5-year view of Shares Outstanding (Diluted Average) shows it stood at $123.7 million in 2021, then rose by 0.32% to $124.1 million in 2022, then fell by 4.1% to $119.0 million in 2023, then decreased by 2.52% to $116.0 million in 2024, then decreased 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 $114.8 million (Q2 2025).