SM Energy Co revenue
SM Energy Co's revenue was $3.15bn in fiscal 2025, up 17.2% on the year before. Since fiscal 2009 ($832m) it has grown at a compound 8.7% a year. Over the last twelve months it was $5.50bn.
Revenue history
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 832 | 1,093 | 1,603 | 1,505 | 2,293 | 2,522 | 1,557 | 1,217 | 1,129 | 2,067 | 1,590 | 1,127 | 2,623 | 3,359 | 2,374 | 2,690 | 3,154 | 5,496 |
| Growth on the year before | — | +31.3% | +46.7% | −6.1% | +52.4% | +10.0% | −38.3% | −21.8% | −7.2% | +83.0% | −23.1% | −29.1% | +132.8% | +28.1% | −29.3% | +13.3% | +17.2% | — |
| Gross profit | — | — | — | — | — | — | — | 620 | 621 | 1,580 | 1,089 | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | 50.9% | 55.0% | 76.4% | 68.5% | — | — | — | — | — | — | — |
Where the revenue comes from
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| Crude Oil | $2.6B | 81.6% | ▲ 17.1% |
| Natural Gas Reserves | $353M | 11.2% | ▲ 41.8% |
| Natural Gas Liquids Reserves | $224M | 7.1% | ▼ 4.7% |
| Region | Revenue | Share | YoY |
|---|---|---|---|
| Midl and Basin | $1.4B | 43.7% | ▼ 12.4% |
| South Texas | $891M | 28.4% | ▼ 1.0% |
| Uinta Basin | $875M | 27.9% | ▲ 328.9% |
From SM Energy Co's 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
Revenue against peers
| Company | Revenue | Growth | 3-year growth a year |
|---|---|---|---|
| SM Energy Co | $5.50bn | 75.4% | 27.8% |
| Permian Resources Corp | $5.74bn | 12.8% | 31.0% |
| Crescent Energy Co | $4.79bn | 33.5% | 25.8% |
| Chord Energy Corp | $6.32bn | 19.2% | 16.3% |
| Antero Resources Corp | $6.48bn | 28.7% | 5.2% |
| California Resources Corp | $3.98bn | -3.4% | 5.2% |
Compare with peers
- Permian Resources Corp revenue
- Crescent Energy Co revenue
- Chord Energy Corp revenue
- Antero Resources Corp revenue
- California Resources Corp revenue
Head to head: PR vs SMCRGY vs SMCHRD vs SMAR vs SM
More: Oil & Gas Exploration & Production stocks compared, Energy sector, rankings of US companies