SM Energy Company (SM) Revenue by Segment
SM Energy revenue by segment at a glance
In Q2 fiscal 2026 (the quarter ended June 30, 2026), SM Energy's largest product or service was Crude Oil, with $2.03 billion or 94% of revenue, up 210.3% from a year earlier. Next: Natural Gas Liquids (NGL) (5%) and Natural Gas (1%).
By region, Permian Basin brought in 51%, DJ Basin brought in 27% and Uinta Basin brought in 13% of revenue in Q2 fiscal 2026.
The fastest-growing product or service from a year earlier was Crude Oil (+210.3%).
From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.
SM Energy Company
Revenue breakdown
Fiscal quarters, from company filings
SM Energy revenue by product or service, last 4 quarters
| Product or service | Q2 FY26 | Q1 FY26 | Q3 FY25 | Q2 FY25 | Share |
|---|---|---|---|---|---|
| Crude Oil | $2.0B | $1.3B | $669.1M | $653.0M | 94% |
| Natural Gas Liquids (NGL) | $115.0M | $91.0M | $57.7M | $54.0M | 5% |
| Natural Gas | $15.0M | $124.0M | $84.2M | $78.0M | 1% |
In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.
SM Energy revenue by region, last 4 quarters
| Region | Q2 FY26 | Q1 FY26 | Q3 FY25 | Q2 FY25 | Share |
|---|---|---|---|---|---|
| Permian Basin | $1.1B | $729.0M | – | $342.0M | 51% |
| DJ Basin | $579.0M | $342.0M | – | – | 27% |
| Uinta Basin | $286.0M | $206.0M | $231.5M | $232.0M | 13% |
| South Texas | $181.0M | $200.0M | $235.3M | $211.0M | 8% |
In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.
Questions and answers
Which product or service makes the most money for SM Energy?
Crude Oil: $2.03 billion, or 94% of revenue, in Q2 fiscal 2026.
What are SM Energy's main products and services?
By revenue in Q2 fiscal 2026: Crude Oil (94%), Natural Gas Liquids (NGL) (5%) and Natural Gas (1%).
Where does SM Energy make its money?
By region in Q2 fiscal 2026: Permian Basin (51%), DJ Basin (27%), Uinta Basin (13%) and South Texas (8%).
