SM Energy (SM) Tax Rate (2009 - 2026)
SM Energy (SM) posted quarterly Tax Rate of 18.29% for Q1 2026, down 326.0% year-over-year from 8.09% in Q1 2025, and down 19.85% quarter-over-quarter from 22.82% in Q4 2025.
SM Energy (SM) Tax Rate (2009 - 2026) Analysis & Trends
SM Energy (SM) has reported Tax Rate for 18 consecutive years, with 18.29% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate fell 326.0% year-over-year to 18.29%; the TTM figure through Mar 2026 stood at 30.46% (up 979.0% YoY), while the FY2025 annual figure was 21.93%, up 164.0% from the prior year.
- Tax Rate fell to 18.29% in Q1 2026 per SM's latest filing, from 22.82% in the prior quarter.
- Across five years, Tax Rate topped out at 24.09% in Q3 2025 and bottomed at 26.07% in Q3 2023.
- Historically, Tax Rate has averaged 17.82% across 5 years, with a median of 20.31% in 2024.
- Annual changes were most pronounced in 2023 — Tax Rate slumped 4595 bps — and 2024, when it jumped 4526 bps.
- SM Energy's Tax Rate stood at 20.06% in 2022, then slipped by 24 bps to 15.22% in 2023, then soared by 45 bps to 22.06% in 2024, then advanced by 3 bps to 22.82% in 2025, then fell by 20 bps to 18.29% in 2026.
- Business Quant data shows SM's Tax Rate at 18.29% in Q1 2026, 22.82% in Q4 2025, and 24.09% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn | 35.37% |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn | 18.22% |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - | 22.15% |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn | 22.01% |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn | - |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn | 22.36% |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | 23.37% |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn | 23.18% |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - | 20.53% |
| 10 | SM Energy | 8.90 Bn | 8.13 Bn | 1.94 Bn | 22.89% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 22.89% |
| Jun 30, 2026 | 22.89% |
| Jun 30, 2026 | 22.89% |
| Mar 31, 2026 | 18.29% |
| Mar 31, 2026 | 18.29% |
| Mar 31, 2026 | 18.29% |
| Dec 31, 2025 | 22.82% |
| Dec 31, 2025 | 22.82% |
| Dec 31, 2025 | 22.82% |
| Sep 30, 2025 | 24.09% |
| Sep 30, 2025 | 24.09% |
| Sep 30, 2025 | 24.09% |
| Jun 30, 2025 | 20.13% |
| Jun 30, 2025 | 20.13% |
| Jun 30, 2025 | 20.13% |
| Mar 31, 2025 | 21.55% |
| Mar 31, 2025 | 21.55% |
| Mar 31, 2025 | 21.55% |
| Dec 31, 2024 | 22.06% |
| Dec 31, 2024 | 22.06% |