SM Energy annual capital expenditures (capex)
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SM Energy Capital Expenditures (CapEx) Growth & History (SM)
SM Energy's capital expenditures (capex) was $1.44B for fiscal 2025.
View full SM Energy company overviewSM Energy annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.44B | $127.0M | +9.69% |
| 2024 | 2024-12-31 | $1.31B | $322.0M | +32.56% |
| 2023 | 2023-12-31 | $989.0M | $109.1M | +12.39% |
| 2022 | 2022-12-31 | $879.9M | $205.1M | +30.39% |
| 2021 | 2021-12-31 | $674.8M | $127.1M | +23.19% |
| 2020 | 2020-12-31 | $547.8M | −$476.0M | −46.49% |
| 2019 | 2019-12-31 | $1.02B | −$279.4M | −21.44% |
| 2018 | 2018-12-31 | $1.30B | $414.8M | +46.70% |
| 2017 | 2017-12-31 | $888.4M | $258.4M | +41.03% |
| 2016 | 2016-12-31 | $629.9M | −$863.7M | −57.83% |
| 2015 | 2015-12-31 | $1.49B | −$481.2M | −24.37% |
| 2014 | 2014-12-31 | $1.97B | $421.3M | +27.12% |
| 2013 | 2013-12-31 | $1.55B | $45.7M | +3.03% |
| 2012 | 2012-12-31 | $1.51B | −$125.3M | −7.67% |
| 2011 | 2011-12-31 | $1.63B | $964.8M | +144.37% |
| 2010 | 2010-12-31 | $668.3M | $289.0M | +76.21% |
| 2009 | 2009-12-31 | $379.3M | −$367.3M | −49.20% |
| 2008 | 2008-12-31 | $746.6M | — | — |
SM Energy quarterly capital expenditures (capex)
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Q2.26
| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $754.0M | $344.0M | +83.90% |
| Q1 2026 | 2026-03-31 | $555.0M | $141.0M | +34.06% |
| Q4 2025 | 2025-12-31 | $216.3M | −$137.6M | −38.88% |
| Q3 2025 | 2025-09-30 | $397.7M | $95.6M | +31.65% |
| Q2 2025 | 2025-06-30 | $410.0M | $87.3M | +27.06% |
| Q1 2025 | 2025-03-31 | $414.0M | $81.6M | +24.56% |
| Q4 2024 | 2024-12-31 | $353.8M | $131.6M | +59.21% |
| Q3 2024 | 2024-09-30 | $302.1M | $85.4M | +39.41% |
| Q2 2024 | 2024-06-30 | $322.7M | $13.3M | +4.32% |
| Q1 2024 | 2024-03-31 | $332.4M | $91.7M | +38.08% |
| Q4 2023 | 2023-12-31 | $222.2M | −$65.8M | −22.86% |
| Q3 2023 | 2023-09-30 | $216.7M | −$9.4M | −4.15% |
| Q2 2023 | 2023-06-30 | $309.3M | $93.7M | +43.46% |
| Q1 2023 | 2023-03-31 | $240.7M | $90.6M | +60.34% |
| Q4 2022 | 2022-12-31 | $288.1M | $163.5M | +131.25% |
| Q3 2022 | 2022-09-30 | $226.1M | $46.0M | +25.55% |
| Q2 2022 | 2022-06-30 | $215.6M | −$7.0M | −3.14% |
| Q1 2022 | 2022-03-31 | $150.1M | $2.6M | +1.74% |
| Q4 2021 | 2021-12-31 | $124.6M | −$3.4M | −2.68% |
| Q3 2021 | 2021-09-30 | $180.1M | $70.5M | +64.36% |
| Q2 2021 | 2021-06-30 | $222.6M | $51.7M | +30.26% |
| Q1 2021 | 2021-03-31 | $147.6M | $8.3M | +5.93% |
| Q4 2020 | 2020-12-31 | $128.0M | −$107.1M | −45.56% |
| Q3 2020 | 2020-09-30 | $109.6M | −$102.9M | −48.44% |
| Q2 2020 | 2020-06-30 | $170.9M | −$155.9M | −47.70% |
| Q1 2020 | 2020-03-31 | $139.3M | −$110.0M | −44.13% |
| Q4 2019 | 2019-12-31 | $235.1M | −$35.5M | −13.11% |
| Q3 2019 | 2019-09-30 | $212.5M | −$96.8M | −31.28% |
| Q2 2019 | 2019-06-30 | $326.8M | −$95.0M | −22.53% |
| Q1 2019 | 2019-03-31 | $249.3M | −$52.2M | −17.31% |
| Q4 2018 | 2018-12-31 | $270.6M | $7.2M | +2.74% |
| Q3 2018 | 2018-09-30 | $309.3M | $51.0M | +19.77% |
| Q2 2018 | 2018-06-30 | $421.8M | $209.5M | +98.64% |
| Q1 2018 | 2018-03-31 | $301.5M | $147.1M | +95.28% |
| Q4 2017 | 2017-12-31 | $263.4M | $126.3M | +92.09% |
| Q3 2017 | 2017-09-30 | $258.2M | $111.0M | +75.40% |
| Q2 2017 | 2017-06-30 | $212.3M | $43.1M | +25.50% |
| Q1 2017 | 2017-03-31 | $154.4M | −$22.0M | −12.46% |
| Q4 2016 | 2016-12-31 | $137.1M | −$94.6M | −40.83% |
| Q3 2016 | 2016-09-30 | $147.2M | −$140.5M | −48.83% |
| Q2 2016 | 2016-06-30 | $169.2M | −$260.0M | −60.57% |
| Q1 2016 | 2016-03-31 | $176.4M | −$368.6M | −67.64% |
| Q4 2015 | 2015-12-31 | $231.7M | −$425.2M | −64.72% |
| Q3 2015 | 2015-09-30 | $287.7M | −$251.5M | −46.64% |
| Q2 2015 | 2015-06-30 | $429.2M | $2.5M | +0.59% |
| Q1 2015 | 2015-03-31 | $545.0M | $193.0M | +54.85% |
| Q4 2014 | 2014-12-31 | $656.9M | $224.8M | +52.00% |
| Q3 2014 | 2014-09-30 | $539.3M | $151.9M | +39.22% |
| Q2 2014 | 2014-06-30 | $426.6M | $73.8M | +20.93% |
| Q1 2014 | 2014-03-31 | $351.9M | −$29.3M | −7.67% |
| Q4 2013 | 2013-12-31 | $432.2M | $51.1M | +13.41% |
| Q3 2013 | 2013-09-30 | $387.4M | −$34.0M | −8.07% |
| Q2 2013 | 2013-06-30 | $352.8M | −$17.5M | −4.74% |
| Q1 2013 | 2013-03-31 | $381.2M | $46.2M | +13.78% |
| Q4 2012 | 2012-12-31 | $381.1M | −$170.4M | −30.90% |
| Q3 2012 | 2012-09-30 | $421.4M | $2.1M | +0.51% |
| Q2 2012 | 2012-06-30 | $370.4M | $17.7M | +5.01% |
| Q1 2012 | 2012-03-31 | $335.0M | $25.3M | +8.18% |
| Q4 2011 | 2011-12-31 | $551.5M | $371.9M | +207.05% |
| Q3 2011 | 2011-09-30 | $419.2M | $235.2M | +127.78% |
| Q2 2011 | 2011-06-30 | $352.7M | $180.5M | +104.83% |
| Q1 2011 | 2011-03-31 | $309.7M | $177.2M | +133.83% |
| Q4 2010 | 2010-12-31 | $179.6M | — | — |
| Q3 2010 | 2010-09-30 | $184.1M | $107.4M | +140.16% |
| Q2 2010 | 2010-06-30 | $172.2M | — | — |
| Q1 2010 | 2010-03-31 | $132.4M | — | — |
| Q3 2009 | 2009-09-30 | $76.6M | — | — |
SM Energy capital expenditures (capex) trends
Over the last five fiscal years, SM Energy's capital expenditures (capex) increased from $547.8M to $1.44B, a change of $890.2M. The latest reported quarter, Q2 2026, shows $754.0M.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review SM Energy source filings ↗