SM Energy SM Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Including Assessed Tax by Product | ||||||
| Crude Oil | $3.16B+31.6% | $2.56B+17.1% | $2.66B+35.9% | $2.52B+34.3% | $2.4B+33.5% | |
| Natural Gas Liquids (NGL) | $253.95M+3.6% | $223.95M-4.7% | $240.88M+8.5% | $243.13M+11.7% | $245.14M+12.8% | |
| Natural Gas | $356.91M+18.5% | $352.91M+41.7% | $367.57M+49.7% | $333.97M+20.6% | $301.16M-4.0% | |
| Revenue from Contract with Customer, Including Assessed Tax by Geography | ||||||
| Midland Basin | $1.71B+7.6% | $1.37B-12.4% | $1.47B-7.3% | $1.53B-3.9% | $1.59B+4.0% | |
| South Texas | $858.27M-9.3% | $891.27M-1.0% | $925.33M+7.3% | $926.05M+8.8% | $946.22M+14.5% | |
| Uinta Basin | $866.91M+107% | $874.91M+329% | $881.25M— | $649.74M— | $418M— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does SM Energy break its business down?
- SM Energy (SM) reports revenue from contract with customer, including assessed tax by product across 3 parts — Crude Oil, Natural Gas Liquids (NGL) and Natural Gas. Each is extracted from the segment footnotes and tracked over time.
- Where does SM Energy's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in SM Energy's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
