SM Energy Co revenue by segment SM

SM Energy Co splits its revenue into 3 lines in its filings. The largest line in fiscal 2025, which ended Dec 31, 2025 was Crude Oil at $2.6 billion, 82% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line
FY 2026
Sep 30, 2026
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
FY 2020
Dec 31, 2020
FY 2019
Dec 31, 2019
FY 2017
Dec 31, 2017
FY 2016
Dec 31, 2016
FY 2015
Dec 31, 2015
Revenue
6,495
3,138
2,671
2,364
3,346
2,598
1,126
1,586
1,129
1,217
1,557
Crude Oil
5,684
+113.5%
share 87.5%
2,561
+17.1%
share 81.6%
2,187
+20.6%
share 81.9%
1,814
-20.1%
share 76.7%
2,270
+20.0%
share 67.8%
1,892
+121.6%
share 72.8%
854
-27.9%
share 75.8%
1,183
share 74.6%
654
share 57.9%
—
—
Natural Gas Reserves
419
+14.0%
share 6.5%
353
+41.8%
share 11.2%
249
-24.1%
share 9.3%
328
-58.5%
share 13.9%
791
+50.5%
share 23.6%
525
+180.3%
share 20.2%
187
-28.6%
share 16.6%
263
share 16.6%
369
share 32.7%
—
—
Natural Gas Liquids Reserves
393
+63.5%
share 6.1%
224
-4.7%
share 7.1%
235
+5.9%
share 8.8%
222
-22.1%
share 9.4%
285
+57.8%
share 8.5%
181
+112.1%
share 7.0%
85
-39.2%
share 7.6%
140
share 8.8%
230
share 20.4%
—
—
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry
Crude Petroleum & Natural Gas (SIC 1311)
Listed as
SM (NYSE)
Fiscal year ends
December 31
Incorporated in
DE
Headquarters
Denver, CO
SEC filer status
Large accelerated filer
SEC CIK
893538
Former names
ST MARY LAND & EXPLORATION CO (until May 27, 2010)

Other Crude Petroleum & Natural Gas companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.