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SM Energy SM Business Segments — Exploration
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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 source filing: SM Energy’s 10-Q, filed August 6, 2026.
- Filed
- Aug 6, 2026, 8:55 AM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0000893538-26-000121
| Line item | For the Three Months Ended June 30, 2026 | For the Three Months Ended June 30, 2025 | For the Six Months Ended June 30, 2026 | For the Six Months Ended June 30, 2025 |
|---|---|---|---|---|
| Operating expenses: | ||||
| Oil, gas, and NGL production expense | 556 | 224 | 984 | 449 |
| Depletion, depreciation, and amortization | 592 | 293 | 1,024 | 563 |
| Exploration | 21 | 15 | 47 | 27 |
| General and administrative | 79 | 42 | 253 | 81 |
| Net derivative (gain) loss | (272) | (78) | 425 | (61) |
| Other operating expense | 28 | 2 | 48 | 7 |
| Total operating expenses | 1,004 | 498 | 2,781 | 1,066 |
Item 1. Financial Statements (unaudited)
FAQ
- What is SM Energy's business segments — exploration?
- SM Energy (SM) reported business segments — exploration of $21M in Q2 2026.
- How has SM Energy's business segments — exploration changed year-over-year?
- SM Energy's business segments — exploration increased by 40.0% year-over-year, from $15M to $21M.
- What is the long-term trend for SM Energy's business segments — exploration?
- Over 3 years (2022 to 2025), SM Energy's business segments — exploration has grown at a 1.3% compound annual growth rate (CAGR), from $54.94M to -$57.12M.
- What does business segments — exploration mean?
- Captures the costs incurred in searching for new oil and gas reserves, including geological and geophysical studies and exploratory drilling. This metric indicates the company's commitment to long-term reserve replacement and future production growth.
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