Seasonality
SM seasonality — SM Energy Company
Over the last 11 years, SM's strongest month on average has been April (+21.0%) and its weakest March (-1.5%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | +4.32% | +1.03% | 50% | +37.1% | -18.3% | 10 |
| Feb | +0.04% | -12.03% | 40% | +65.2% | -28.4% | 10 |
| Mar | -1.52% | +2.67% | 50% | +34.8% | -81.4% | 10 |
| Apr | +21.03% | -3.11% | 20% | +232.0% | -23.9% | 10 |
| May | +0.56% | +0.87% | 50% | +35.9% | -27.0% | 10 |
| Jun | +0.08% | +1.78% | 50% | +23.8% | -29.2% | 10 |
| Jul | +2.51% | +6.98% | 70% | +24.6% | -24.1% | 10 |
| Aug | +0.57% | +2.81% | 60% | +16.6% | -23.2% | 10 |
| Sep | -1.17% | -7.72% | 40% | +38.1% | -34.6% | 10 |
| Oct | +3.92% | +3.35% | 70% | +30.1% | -22.8% | 10 |
| Nov | +13.49% | -4.16% | 33% | +162.7% | -16.2% | 9 |
| Dec | +1.91% | -0.09% | 50% | +44.7% | -24.1% | 10 |
Monthly returns heat map — SM
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.1 | 18.8 | 34.8 | -0.5 | -1.0 | -15.0 | 24.6 | 14.3 | -9.1 | 19.5 | -25.9 | +60.0% | |
| 2025 | -2.1 | -13.8 | -8.4 | -23.9 | 2.8 | 5.5 | 11.7 | 3.5 | -12.5 | -16.3 | -8.8 | -1.8 | -51.8% |
| 2024 | -4.2 | 18.0 | 13.9 | -2.7 | 4.0 | -14.3 | 6.9 | -1.2 | -12.4 | 5.0 | 7.7 | -14.2 | +0.1% |
| 2023 | -5.6 | -10.2 | -4.6 | -0.3 | -6.4 | 20.3 | 14.7 | 16.6 | -6.3 | 1.7 | -7.1 | 3.4 | +11.2% |
| 2022 | 11.3 | 8.2 | 9.7 | -8.8 | 35.9 | -29.2 | 20.7 | 6.8 | -14.7 | 19.6 | -4.2 | -19.2 | +18.1% |
| 2021 | 37.1 | 65.2 | 18.1 | -3.5 | 25.9 | 23.8 | -24.1 | 2.1 | 38.1 | 30.1 | -15.5 | 1.7 | +381.7% |
| 2020 | -18.3 | -28.4 | -81.4 | 232.0 | -13.1 | 6.5 | -21.3 | -17.6 | -34.6 | 1.3 | 162.7 | 44.7 | -45.5% |
| 2019 | 26.7 | -16.7 | 7.0 | -8.9 | -27.0 | 7.7 | -20.4 | -4.9 | 2.2 | -19.1 | 6.0 | 35.3 | -27.4% |
| 2018 | 5.8 | -21.5 | -1.7 | 32.8 | 9.4 | -1.9 | 7.1 | 9.4 | 4.8 | -22.8 | -16.2 | -24.1 | -29.9% |
| 2017 | -11.5 | -19.2 | -2.6 | -6.0 | -24.9 | -2.6 | 5.2 | -23.2 | 32.8 | 20.2 | -3.2 | 7.0 | -36.0% |
| 2016 | -13.5 |