SM Energy annual operating expenses
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SM Energy Operating Expenses Growth & History (SM)
SM Energy's operating expenses was $1.25B for fiscal 2025.
View full SM Energy company overviewSM Energy annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.25B | $295.0M | +30.79% |
| 2024 | 2024-12-31 | $958.0M | $145.0M | +17.84% |
| 2023 | 2023-12-31 | $813.0M | −$332.5M | −29.03% |
| 2022 | 2022-12-31 | $1.15B | −$737.9M | −39.18% |
| 2021 | 2021-12-31 | $1.88B | −$312.2M | −14.22% |
| 2020 | 2020-12-31 | $2.20B | $535.5M | +32.26% |
| 2019 | 2019-12-31 | $1.66B | $1.35B | +430.96% |
| 2018 | 2018-12-31 | $312.7M | −$596.9M | −65.63% |
| 2017 | 2017-12-31 | $909.6M | −$1.37B | −60.05% |
| 2016 | 2016-12-31 | $2.28B | $141.0M | +6.60% |
| 2015 | 2015-12-31 | $2.14B | $779.3M | +57.45% |
| 2014 | 2014-12-31 | $1.36B | −$568.6M | −29.54% |
| 2013 | 2013-12-31 | $1.93B | $400.0M | +26.23% |
| 2012 | 2012-12-31 | $1.53B | $306.2M | +25.12% |
| 2011 | 2011-12-31 | $1.22B | $464.9M | +61.65% |
| 2010 | 2010-12-31 | $754.1M | −$209.0M | −21.70% |
| 2009 | 2009-12-31 | $963.0M | −$167.1M | −14.78% |
| 2008 | 2008-12-31 | $1.13B | — | — |
SM Energy quarterly operating expenses
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $104.0M | −$162.0M | −60.90% |
| Q1 2026 | 2026-03-31 | $1.78B | $1.44B | +424.19% |
| Q4 2025 | 2025-12-31 | $82.9M | −$250.8M | −75.16% |
| Q3 2025 | 2025-09-30 | $565.1M | $252.4M | +80.74% |
| Q2 2025 | 2025-06-30 | $266.0M | −$89.2M | −25.11% |
| Q1 2025 | 2025-03-31 | $339.0M | −$42.5M | −11.13% |
| Q4 2024 | 2024-12-31 | $333.7M | $314.0M | +1594.05% |
| Q3 2024 | 2024-09-30 | $312.7M | −$132.6M | −29.79% |
| Q2 2024 | 2024-06-30 | $355.2M | $163.6M | +85.36% |
| Q1 2024 | 2024-03-31 | $381.5M | $225.1M | +143.94% |
| Q4 2023 | 2023-12-31 | $19.7M | −$156.2M | −88.80% |
| Q3 2023 | 2023-09-30 | $445.3M | $400.0M | +882.66% |
| Q2 2023 | 2023-06-30 | $191.6M | −$287.7M | −60.02% |
| Q1 2023 | 2023-03-31 | $156.4M | −$601.7M | −79.37% |
| Q4 2022 | 2022-12-31 | $175.9M | −$58.7M | −25.03% |
| Q3 2022 | 2022-09-30 | $45.3M | −$588.7M | −92.85% |
| Q2 2022 | 2022-06-30 | $479.3M | −$265.2M | −35.62% |
| Q1 2022 | 2022-03-31 | $758.0M | $224.9M | +42.18% |
| Q4 2021 | 2021-12-31 | $234.7M | −$257.7M | −52.34% |
| Q3 2021 | 2021-09-30 | $634.0M | $249.8M | +65.04% |
| Q2 2021 | 2021-06-30 | $744.5M | $262.2M | +54.36% |
| Q1 2021 | 2021-03-31 | $533.2M | −$303.7M | −36.29% |
| Q4 2020 | 2020-12-31 | $492.3M | −$47.6M | −8.82% |
| Q3 2020 | 2020-09-30 | $384.1M | $93.3M | +32.08% |
| Q2 2020 | 2020-06-30 | $482.3M | $179.3M | +59.18% |
| Q1 2020 | 2020-03-31 | $836.8M | $310.6M | +59.02% |
| Q4 2019 | 2019-12-31 | $540.0M | — | — |
| Q3 2019 | 2019-09-30 | $290.8M | −$277.2M | −48.80% |
| Q2 2019 | 2019-06-30 | $303.0M | $74.0M | +32.31% |
| Q1 2019 | 2019-03-31 | $526.2M | — | — |
| Q3 2018 | 2018-09-30 | $568.0M | $187.5M | +49.27% |
| Q2 2018 | 2018-06-30 | $229.0M | −$39.0M | −14.56% |
| Q4 2017 | 2017-12-31 | $54.4M | −$609.8M | −91.80% |
| Q3 2017 | 2017-09-30 | $380.5M | $10.2M | +2.76% |
| Q2 2017 | 2017-06-30 | $268.0M | −$304.3M | −53.17% |
| Q1 2017 | 2017-03-31 | $206.6M | −$463.2M | −69.16% |
| Q4 2016 | 2016-12-31 | $664.3M | −$145.0M | −17.92% |
| Q3 2016 | 2016-09-30 | $370.3M | $31.3M | +9.22% |
| Q2 2016 | 2016-06-30 | $572.4M | $5.3M | +0.94% |
| Q1 2016 | 2016-03-31 | $669.8M | $249.4M | +59.34% |
| Q4 2015 | 2015-12-31 | $809.3M | $772.0M | +2067.63% |
| Q3 2015 | 2015-09-30 | $339.0M | $77.2M | +29.50% |
| Q2 2015 | 2015-06-30 | $567.0M | $13.8M | +2.49% |
| Q1 2015 | 2015-03-31 | $420.4M | −$83.7M | −16.61% |
| Q4 2014 | 2014-12-31 | $37.3M | −$559.1M | −93.74% |
| Q3 2014 | 2014-09-30 | $261.8M | −$213.8M | −44.95% |
| Q2 2014 | 2014-06-30 | $553.3M | $138.2M | +33.29% |
| Q1 2014 | 2014-03-31 | $504.1M | $66.1M | +15.09% |
| Q4 2013 | 2013-12-31 | $596.4M | $66.3M | +12.51% |
| Q3 2013 | 2013-09-30 | $475.6M | $53.8M | +12.76% |
| Q2 2013 | 2013-06-30 | $415.1M | $163.0M | +64.69% |
| Q1 2013 | 2013-03-31 | $438.0M | $116.8M | +36.36% |
| Q4 2012 | 2012-12-31 | $530.1M | −$29.6M | −5.28% |
| Q3 2012 | 2012-09-30 | $421.8M | $264.0M | +167.32% |
| Q2 2012 | 2012-06-30 | $252.0M | $85.9M | +51.67% |
| Q1 2012 | 2012-03-31 | $321.2M | −$14.1M | −4.21% |
| Q4 2011 | 2011-12-31 | $559.7M | $328.7M | +142.35% |
| Q3 2011 | 2011-09-30 | $157.8M | −$38.0M | −19.43% |
| Q2 2011 | 2011-06-30 | $166.2M | −$8.7M | −5.00% |
| Q1 2011 | 2011-03-31 | $335.3M | $182.9M | +120.04% |
| Q4 2010 | 2010-12-31 | $230.9M | — | — |
| Q3 2010 | 2010-09-30 | $195.8M | $10.5M | +5.67% |
| Q2 2010 | 2010-06-30 | $174.9M | −$36.2M | −17.13% |
| Q1 2010 | 2010-03-31 | $152.4M | — | — |
| Q3 2009 | 2009-09-30 | $185.3M | — | — |
| Q2 2009 | 2009-06-30 | $211.1M | — | — |
SM Energy operating expenses trends
Over the last five fiscal years, SM Energy's operating expenses decreased from $2.20B to $1.25B, a change of −$942.6M. The latest reported quarter, Q2 2026, shows $104.0M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review SM Energy source filings ↗