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SM Energy (SM) Natural Gas Liquids (NGL) revenue by quarter

SM Energy's Natural Gas Liquids (NGL) revenue was $135M in Q3 2026 (third quarter 2026), +17% from Q2 2026. Over the last 6 quarters it ranged from $51.5M (Q4 2025) to $135M (Q3 2026).

SM Energy Natural Gas Liquids (NGL) revenue by quarterSM Energy Natural Gas Liquids (NGL) revenue by quarter$53.7MQ2 2025$57.7MQ3 2025$51.5MQ4 2025$91.0MQ1 2026$115MQ2 2026$135MQ3 2026
QuarterNatural Gas Liquids (NGL) revenueQ/QY/Y
Q3 2026$135M+17%+134%
Q2 2026$115M+26%+114%
Q1 2026$91.0M+77%—
Q4 2025$51.5M-11%—
Q3 2025$57.7M+8%—
Q2 2025$53.7M——

Q3 2026 at a glance

SM Energy, Q3 2026: revenue $2.2B (+167% year over year), operating margin 10.9%, net earnings $93.0M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.

Questions

What is SM Energy's Natural Gas Liquids (NGL) revenue?

SM Energy's Natural Gas Liquids (NGL) revenue was $135M in Q3 2026 (third quarter 2026), +17% from Q2 2026.

How has SM Energy's Natural Gas Liquids (NGL) revenue changed?

Over the last 6 quarters it ranged from $51.5M (Q4 2025) to $135M (Q3 2026).

Q3 2026 results → · How SM Energy makes money →