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 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 business segments — exploration?
- SM Energy (SM) reported business segments — exploration of $26M in Q1 2026.
- How has SM Energy's business segments — exploration changed year-over-year?
- SM Energy's business segments — exploration increased by 116.7% year-over-year, from $12M to $26M.
- 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 1.1% compound annual growth rate (CAGR), from $54.94M to -$56.76M.
- 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.