SM Energy Co (LTS:0KZA) Construction In Progress : $380 Mil (As of Mar. 2024)

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What is SM Energy Co Construction In Progress?

SM Energy Co's quarterly construction in progress increased from Sep. 2023 ($236 Mil) to Dec. 2023 ($358 Mil) and increased from Dec. 2023 ($358 Mil) to Mar. 2024 ($380 Mil).

SM Energy Co's annual construction in progress increased from Dec. 2021 ($148 Mil) to Dec. 2022 ($287 Mil) and increased from Dec. 2022 ($287 Mil) to Dec. 2023 ($358 Mil).

SM Energy Co Construction In Progress Historical Data

The historical data trend for SM Energy Co's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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SM Energy Co Construction In Progress Chart

SM Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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118.77

233.50

148.39

287.27

358.08

SM Energy Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Construction In Progress	Get a 7-Day Free Trial															342.88	332.61	236.23	358.08	380.42

SM Energy Co Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

SM Energy Co (LTS:0KZA) Business Description

Industry

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SM:USA SJL:Germany

Address

1700 Lincoln Street, Suite 3200, Denver, CO, USA, 80203

Website

https://sm-energy.com

SM Energy Co is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids. Operating primarily out of the United States, the company actively participates in joint ventures, prospects/leaseholds, and drill-to-earn opportunities. The majority of the company's revenue is derived from some of the United States' premier drilling locations. Drilling location interests have been traditionally obtained through oil and gas leases from third parties. SM Energy relies on its fleet of geologists, geophysicists, landmen, and engineers to help extract the full potential out of all properties held.

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