SM Energy (SM) Revenue & Revenue Breakdown

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SM Energy Revenue Highlights

Latest Revenue (Y)

$3.15B

Latest Revenue (Q)

$811.59M

Main Segment (Y)

E&P Segment

Main Geography (Y)

Midland Basin

SM Energy Revenue by Period

SM Energy Revenue by Year

Date	Revenue	Change
2025-12-31	$3.15B	18.07%
2024-12-31	$2.67B	13.00%
2023-12-31	$2.36B	-29.35%
2022-12-31	$3.35B	28.79%
2021-12-31	$2.60B	130.68%
2020-12-31	$1.13B	-28.98%
2019-12-31	$1.59B	-3.32%
2018-12-31	$1.64B	30.13%
2017-12-31	$1.26B	6.78%
2016-12-31	$1.18B	-22.03%
2015-12-31	$1.51B	-39.96%
2014-12-31	$2.52B	11.31%
2013-12-31	$2.27B	47.86%
2012-12-31	$1.53B	9.18%
2011-12-31	$1.40B	53.52%
2010-12-31	$914.09M	9.84%
2009-12-31	$832.20M	-36.05%
2008-12-31	$1.30B	31.43%
2007-12-31	$990.09M	25.69%
2006-12-31	$787.70M	6.51%
2005-12-31	$739.59M	70.77%
2004-12-31	$433.10M	10.01%
2003-12-31	$393.71M	100.56%
2002-12-31	$196.31M	-5.38%
2001-12-31	$207.47M	6.03%
2000-12-31	$195.67M	161.19%
1999-12-31	$74.91M	-5.78%
1998-12-31	$79.51M	-12.63%
1997-12-31	$91.00M	52.68%
1996-12-31	$59.60M	54.01%
1995-12-31	$38.70M	-13.62%
1994-12-31	$44.80M	16.06%
1993-12-31	$38.60M	-

SM Energy generated $3.15B in revenue during NA 2025, up 18.07% compared to the previous quarter, and up 280.06% compared to the same period a year ago.

SM Energy Revenue by Quarter

Date	Revenue	Change
2025-09-30	$811.59M	3.38%
2025-06-30	$785.08M	-7.04%
2025-03-31	$844.54M	1.04%
2024-12-31	$835.86M	29.87%
2024-09-30	$643.61M	1.43%
2024-06-30	$634.55M	13.34%
2024-03-31	$559.87M	-7.74%
2023-12-31	$606.86M	-5.13%
2023-09-30	$639.70M	17.04%
2023-06-30	$546.55M	-4.24%
2023-03-31	$570.78M	-14.71%
2022-12-31	$669.25M	-19.13%
2022-09-30	$827.56M	-16.44%
2022-06-30	$990.38M	15.33%
2022-03-31	$858.72M	0.75%
2021-12-31	$852.37M	12.12%
2021-09-30	$760.24M	34.83%
2021-06-30	$563.85M	27.04%
2021-03-31	$443.85M	38.58%
2020-12-31	$320.29M	13.98%
2020-09-30	$281.01M	65.75%
2020-06-30	$169.54M	-52.34%
2020-03-31	$355.73M	-21.15%
2019-12-31	$451.15M	15.58%
2019-09-30	$390.32M	-4.08%
2019-06-30	$406.91M	19.37%
2019-03-31	$340.87M	-13.25%
2018-12-31	$392.93M	-14.32%
2018-09-30	$458.58M	13.39%
2018-06-30	$404.42M	5.25%
2018-03-31	$384.23M	13.01%
2017-12-31	$340.00M	14.37%
2017-09-30	$297.27M	3.27%
2017-06-30	$287.85M	-14.14%
2017-03-31	$335.27M	-3.17%
2016-12-31	$346.24M	4.83%
2016-09-30	$330.27M	13.20%
2016-06-30	$291.77M	37.56%
2016-03-31	$212.10M	-29.11%
2015-12-31	$299.20M	-18.86%
2015-09-30	$368.74M	-17.00%
2015-06-30	$444.26M	10.59%
2015-03-31	$401.74M	-32.50%
2014-12-31	$595.17M	-3.82%
2014-09-30	$618.79M	-8.33%
2014-06-30	$674.98M	6.68%
2014-03-31	$632.72M	4.02%
2013-12-31	$608.24M	-1.87%
2013-09-30	$619.81M	11.83%
2013-06-30	$554.27M	14.48%
2013-03-31	$484.18M	3.06%
2012-12-31	$469.80M	24.14%
2012-09-30	$378.45M	24.39%
2012-06-30	$304.24M	-18.72%
2012-03-31	$374.31M	-38.70%
2011-12-31	$610.66M	76.14%
2011-09-30	$346.69M	-2.12%
2011-06-30	$354.18M	21.38%
2011-03-31	$291.79M	-0.79%
2010-12-31	$294.12M	29.63%
2010-09-30	$226.88M	7.17%
2010-06-30	$211.70M	-41.22%
2010-03-31	$360.13M	48.82%
2009-12-31	$242.00M	30.25%
2009-09-30	$185.79M	-9.46%
2009-06-30	$205.20M	3.00%
2009-03-31	$199.22M	-22.83%
2008-12-31	$258.17M	-20.34%
2008-09-30	$324.09M	-9.20%
2008-06-30	$356.94M	8.15%
2008-03-31	$330.04M	19.91%
2007-12-31	$275.25M	-

SM Energy generated $811.59M in revenue during Q3 2025, up 3.38% compared to the previous quarter, and up 127.90% compared to the same period a year ago.

SM Energy Revenue Breakdown

SM Energy Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 25	Dec 24	Dec 23
E&P Segment	$3.15B	-	-
Oil and Condensate Revenue	-	$234.73M	-
Oil Revenue	-	$2.19B	$1.81B
Natural Gas Revenue	-	$249.07M	-

SM Energy's latest annual revenue breakdown by segment (product or service), as of Dec 25: E&P Segment (100.00%).

Quarterly Revenue by Product

Product/Service	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Mar 20	Sep 19	Jun 19	Mar 19	Sep 18
E&P Segment	$1.55B	$811.59M	$792.94M	-	-	-	-	-	-	-	-	-	-	-
Natural Gas Revenue	-	-	-	$120.09M	-	-	-	-	-	-	-	-	-	-
Oil Revenue	-	-	-	$658.47M	$1.21B	$531.83M	$440.89M	$1.31B	$499.23M	$291.69M	$292.86M	$304.14M	$239.06M	$287.52M
Oil and Condensate Revenue	-	-	-	$61.05M	-	-	-	-	-	-	-	-	-	-

SM Energy's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: E&P Segment (100.00%).

SM Energy Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Midland Basin	$1.37B	$1.57B	-	-	-
Uinta Basin	$875.00M	$204.03M	-	-	-
South Texas	$891.00M	$900.49M	$840.24M	$283.97M	$180.23M

SM Energy's latest annual revenue breakdown by geography, as of Dec 25: Midland Basin (43.72%), South Texas (28.39%), and Uinta Basin (27.88%).

Quarterly Revenue by Country

Country	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20
Uinta Basin	$197.66M	$231.51M	$231.74M	$214.09M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
South Texas	$211.47M	$235.31M	$211.48M	$232.74M	$477.68M	$236.02M	$186.78M	$506.53M	$224.45M	$53.22M	$56.03M	$54.10M	$66.76M	$81.90M	$81.22M	$62.49M	$52.36M	$37.75M	$27.63M	$23.00M
Midland Basin	$293.16M	$344.19M	$341.86M	$392.79M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

SM Energy's latest quarterly revenue breakdown by geography, as of Dec 25: Midland Basin (41.74%), South Texas (30.11%), and Uinta Basin (28.14%).

SM Energy Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
CSAN	Cosan	$39.47B	$9.84B
DK	Delek US	$10.72B	$2.89B
CRGY	Crescent Energy	$3.58B	$866.58M
SM	SM Energy	$3.15B	$811.59M
NOG	Northern Oil and Gas	$2.48B	$556.64M
KNTK	Kinetik	$1.76B	$463.97M
TRMD	TORM	$1.55B	$444.10M
TNK	Teekay Tankers	$1.36B	$338.34M
BKV	BKV	$895.64M	$128.97M
DHT	DHT	$556.08M	$145.88M

SM Revenue FAQ

What is SM Energy’s yearly revenue?

SM Energy's yearly revenue for 2025 was $3.15B, representing an increase of 18.07% compared to 2024. The company's yearly revenue for 2024 was $2.67B, representing an increase of 13.00% compared to 2023. SM's yearly revenue for 2023 was $2.36B, representing a decrease of -29.35% compared to 2022.

What is SM Energy’s quarterly revenue?

SM Energy's quarterly revenue for Q3 2025 was $811.59M, a 3.38% increase from the previous quarter (Q2 2025), and a 26.10% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $785.08M, a -7.04% decrease from the previous quarter (Q1 2025), and a 23.72% increase year-over-year (Q2 2024). SM's quarterly revenue for Q1 2025 was $844.54M, a 1.04% increase from the previous quarter (Q4 2024), and a 50.85% increase year-over-year (Q1 2024).

What is SM Energy’s revenue growth rate?

SM Energy's revenue growth rate for the last 3 years (2023-2025) was 33.42%, and for the last 5 years (2021-2025) was 21.41%.

What are SM Energy’s revenue streams?

SM Energy's revenue streams in c 25 are E&P Segment

What is SM Energy’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of SM Energy was E&P Segment. This segment made a revenue of $3.15B, representing 100.00% of the company's total revenue.