Abstract:         The budgets of turbulent kinetic energy (TKE) and turbulent potential energy (TPE) at different scales in sheared, stably stratified turbulence (SSST) are analyzed using a filtering approach together with data from direct numerical simulations. We consider the competing effects in the flow along with the physical mechanisms governing the energy fluxes between scales. The theoretical work of our energy budget analysis is used to analyze data from direct numerical simulation (DNS). Various quantities in the energy budget equations are evaluated based on DNS data of SSST, with detailed discussions on both the mean-field behavior of the flow, as well as fluctuations about this mean-field state. Importantly, it is shown that the TKE and TPE fluxes between scales are both downscale on average and their instantaneous values are positively correlated, but not strongly. The relative weak correlation occurs mainly due to the different physical mechanisms that govern the TKE and TPE fluxes.