Themonthly Extended Reconstructed Sea Surface Temperature (ERSST) dataset, available on global 28328 grids, has been revised herein to version 4 (v4) from v3b. Major revisions include updated and substantially more complete input data from the International Comprehensive Ocean–Atmosphere Data Set (ICOADS) release 2.5; revised empirical orthogonal teleconnections (EOTs) and EOT acceptance criterion; updated sea surface temperature (SST) quality control procedures; revised SST anomaly (SSTA) evaluation methods; updated bias adjustments of ship SSTs using the Hadley Centre Nighttime Marine Air Temperature dataset version 2 (HadNMAT2); and buoy SST bias adjustment not previously made in v3b. Tests show that the impacts of the revisions to ship SST bias adjustment in ERSST.v4 are dominant among all revisions and updates. The effect is to make SST 0.18–0.28C cooler north of 308S but 0.18–0.28C warmer south of 308S in ERSST.v4 than in ERSST.v3b before 1940. In comparison with the Met Office SST product [the Hadley Centre Sea Surface Temperature dataset, version 3 (HadSST3)], the ship SST bias adjustment in ERSST.v4 is 0.18–0.28C cooler in the tropics but 0.18–0.28C warmer in the midlatitude oceans both before 1940 and from 1945 to 1970. Comparisons highlight differences in long-term SST trends and SSTA variations at decadal time scales among ERSST.v4, ERSST.v3b, HadSST3, and Centennial Observation-Based Estimates of SST version 2 (COBE-SST2), which is largely associated with the difference of bias adjustments in these SST products. The tests also show that, when compared with v3b, SSTAs in ERSST.v4 can substantially better represent the El Niño/La Niña behavior when observations are sparse before 1940. Comparisons indicate that SSTs in ERSST.v4 are as close to satellite-based observations as other similar SST analyses.