SM Energy (SM) Tax Provisions (2009 - 2026)
SM Energy (SM) posted quarterly Tax Provisions of -$75.0 million for Q1 2026, down 250.0% year-over-year from $50.0 million in Q1 2025, and down 332.73% quarter-over-quarter from $32.2 million in Q4 2025.
SM Energy (SM) Tax Provisions (2009 - 2026) Analysis & Trends
SM Energy (SM) has reported Tax Provisions for 18 consecutive years, with -$75.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Provisions fell 250.0% year-over-year to -$75.0 million; the TTM figure through Mar 2026 stood at $57.3 million (down 73.23% YoY), while the FY2025 annual figure was $182.0 million, down 7.14% from the prior year.
- Tax Provisions fell to -$75.0 million in Q1 2026 per SM's latest filing, from $32.2 million in the prior quarter.
- Across five years, Tax Provisions topped out at $119.4 million in Q3 2022 and bottomed at -$75.0 million in Q1 2026.
- Historically, Tax Provisions has averaged $40.2 million across 5 years, with a median of $50.0 million in 2025.
- Annual changes were most pronounced in 2022 — Tax Provisions jumped 306200.0% — and 2026, when it sank 250.0%.
- SM Energy's Tax Provisions stood at $64.9 million in 2022, then tumbled by 31.58% to $44.4 million in 2023, then gained by 19.9% to $53.2 million in 2024, then plunged by 39.44% to $32.2 million in 2025, then tumbled by 332.73% to -$75.0 million in 2026.
- Business Quant data shows SM's Tax Provisions at -$75.0 million in Q1 2026, $32.2 million in Q4 2025, and $49.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 2.15 Bn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 775.70 Mn |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 775.00 Mn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 580.00 Mn |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 473.00 Mn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 915.00 Mn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 84.93 Mn |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 39.77 Mn |
| 10 | SM Energy | 8.96 Bn | 8.19 Bn | 1.94 Bn | 318.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 318.00 Mn |
| Mar 31, 2026 | -75.00 Mn |
| Dec 31, 2025 | 32.23 Mn |
| Sep 30, 2025 | 49.21 Mn |
| Jun 30, 2025 | 50.84 Mn |
| Mar 31, 2025 | 50.00 Mn |
| Dec 31, 2024 | 53.21 Mn |
| Sep 30, 2024 | 57.13 Mn |
| Jun 30, 2024 | 53.59 Mn |
| Mar 31, 2024 | 32.07 Mn |
| Dec 31, 2023 | 44.38 Mn |
| Sep 30, 2023 | -45.98 Mn |
| Jun 30, 2023 | 42.09 Mn |
| Mar 31, 2023 | 55.51 Mn |
| Dec 31, 2022 | 64.87 Mn |
| Sep 30, 2022 | 119.38 Mn |
| Jun 30, 2022 | 86.71 Mn |
| Mar 31, 2022 | 12.86 Mn |
| Dec 31, 2021 | 10.03 Mn |
| Sep 30, 2021 | -39,000.00 |