SM Energy (SM) Tax Rate (2009 - 2026)
SM Energy (SM) posted Tax Rate of 22.89% for Q2 2026, up 2.74 percentage points from 20.16% a year earlier and up 4.60 percentage points from the prior quarter.
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Analysis
SM Energy (SM) Tax Rate (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Tax Rate at SM Energy was 24.49%, up 3.85 percentage points year-over-year; for FY2025, it was 21.93%, up 1.64 percentage points from FY2024.
- Annual Tax Rate shows a five-year change of +1.85 percentage points (FY2020 to FY2025).
- In prior years, SM Energy's Tax Rate was 20.29% in FY2024 (+9.79 pp), 10.50% in FY2023 (-9.83 pp), 20.33% in FY2022 (-1.19 pp) and 21.53% in FY2021 (+1.45 pp).
- Quarterly Tax Rate has run from a low of -26.07% in Q3 2023 to a high of 24.09% in Q3 2025 over five years.
- On a year-over-year basis, Tax Rate increased in six of the last eight quarters, with an average year-over-year change of +7.37 percentage points.
- The strongest year-over-year quarter for Tax Rate in the past five years was Q3 2024, with a gain of 45.26 percentage points; the weakest was Q3 2023, with a drop of 45.95 percentage points.
- According to Business Quant data, Tax Rate for the three prior quarters was 18.29% (Q1 2026), 22.82% (Q4 2025) and 24.09% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 541.34 Bn | 451.89 Bn | 30.13 Bn | 31.41% |
| 2 | Chevron | 403.85 Bn | 381.64 Bn | 33.45 Bn | 26.95% |
| 3 | TotalEnergies SE | 193.34 Bn | 76.47 Bn | - | - |
| 4 | Eni Spa | 172.00 Bn | 121.52 Bn | - | - |
| 5 | Conocophillips | 150.68 Bn | 123.39 Bn | 12.81 Bn | 35.37% |
| 6 | Equinor Asa | 103.39 Bn | 49.45 Bn | - | - |
| 7 | Phillips 66 | 100.64 Bn | 89.62 Bn | 8.38 Bn | 21.97% |
| 8 | Canadian Natural Resources | 98.19 Bn | 95.14 Bn | - | 18.22% |
| 9 | Suncor Energy | 80.57 Bn | 66.37 Bn | - | - |
| 10 | SM Energy | 7.86 Bn | 6.26 Bn | 1.94 Bn | 22.89% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.89% |
| Dec 31, 2025 | 22.82% |
| Sep 30, 2025 | 24.09% |
| Jun 30, 2025 | 20.16% |
| Mar 31, 2025 | 21.55% |
| Dec 31, 2024 | 22.06% |
| Sep 30, 2024 | 19.19% |
| Jun 30, 2024 | 20.31% |
| Mar 31, 2024 | 19.64% |
| Dec 31, 2023 | 15.22% |
| Jun 30, 2023 | 21.93% |
| Mar 31, 2023 | 21.85% |
| Dec 31, 2022 | 20.06% |
| Sep 30, 2022 | 19.88% |
| Jun 30, 2022 | 21.14% |
| Mar 31, 2022 | 20.87% |
| Dec 31, 2021 | 2.31% |
| Sep 30, 2019 | 27.61% |
| Jun 30, 2019 | 21.24% |
| Dec 31, 2018 | 20.94% |
API Access
SM Energy Tax Rate 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=tax-rate&ticker=SM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=SM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();