SM Energy SM Exploration Expense
Exploration Expense at other companies
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Where this comes from
Reported directly by SM Energy in its filing.
Tagged under the XBRL concept us-gaap:ExplorationExpense.
The official record: SM Energy’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is SM Energy's exploration expense?
- SM Energy (SM) reported exploration expense of $26M in Q1 2026.
- How has SM Energy's exploration expense changed year-over-year?
- SM Energy's exploration expense increased by 116.7% year-over-year, from $12M to $26M.
- What is the long-term trend for SM Energy's exploration expense?
- Over 4 years (2021 to 2025), SM Energy's exploration expense has grown at a 9.9% compound annual growth rate (CAGR), from $39.3M to $57.24M.
- What does exploration expense mean?
- This metric captures the costs incurred during the search for new oil and gas reserves, including geological and geophysical studies, exploratory drilling, and leasehold acquisitions that do not result in proved reserves. It reflects the company's appetite for risk and its long-term strategy for replenishing its asset base. High levels of this expense indicate an aggressive growth strategy through organic discovery.