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SM Energy Company (SM)

NYSE Energy Oil & Gas Exploration & Production S&P SmallCap 600
$29.92
+0.29 (+0.98%)
Close of Nov 06, 2026 · end-of-day data
Source: SM Energy Company's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$1.22B$1.13B$2.07B$1.59B$1.13B$2.62B$3.36B$2.37B$2.69B$3.15B
Cost of revenue$597.57M$507.91M$487.37M$500.71M$391.22M$505.42M$620.91M$564.00M$637.00M$885.00M
Gross profit$619.88M$621.47M$1.58B$1.09B$735.46M$2.12B$2.74B$1.81B$2.05B$2.27B
Operating income-$1.06B-$163.72M$836.34M-$69.97M-$1.07B$209.12M$1.58B$987.00M$1.08B$1.00B
Interest expense$158.69M$179.26M$160.91M$159.10M$163.89M$160.35M$120.35M$92.00M$141.00M$173.00M
Pre-tax income-$1.20B-$343.81M$651.78M-$231.04M-$956.71M$46.17M$1.40B$914.00M$966.00M$830.00M
Income tax-$444.17M-$182.97M$143.37M-$44.04M-$192.09M$9.94M$283.82M$96.00M$196.00M$182.00M
Net income-$757.74M-$160.84M$508.41M-$187.00M-$764.61M$36.23M$1.11B$818.00M$770.00M$648.00M
EPS (basic)$-9.90$-1.44$4.54$-1.66$-6.72$0.30$9.09$6.89$6.71$5.65
EPS (diluted)$-9.90$-1.44$4.48$-1.66$-6.72$0.29$8.96$6.86$6.67$5.64
Diluted shares76.57M111.43M113.50M112.54M113.73M123.69M124.08M119.00M116.00M115.00M
Gross margin50.9%55.0%76.4%68.5%65.3%80.7%81.5%76.2%76.3%71.9%
Operating margin-86.8%-14.5%40.5%-4.4%-94.9%8.0%47.0%41.6%40.0%31.7%
Net margin-62.2%-14.2%24.6%-11.8%-67.9%1.4%33.1%34.5%28.6%20.5%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$9.37M$313.94M$77.97M$10.00K$10.00K$332.72M$445.00M$616.16M$0$368.00M
Receivables$151.95M$160.15M$167.54M$184.73M$162.46M$247.20M$233.30M$231.16M$361.00M$331.00M
Total current assets$224.64M$549.12M$429.26M$252.63M$203.67M$613.19M$737.20M$916.44M$435.00M$811.00M
Total assets$6.39B$6.18B$6.35B$6.29B$4.98B$5.23B$5.72B$6.38B$8.58B$9.25B
Total current liabilities$415.17M$559.21M$466.05M$472.04M$583.74M$889.33M$598.58M$633.81M$790.00M$1.17B
Long-term debt$2.77B$2.77B$2.45B$2.61B$2.21B$2.08B$1.57B$1.58B$2.71B$2.30B
Total debt$2.77B$2.77B$2.45B$2.61B$2.21B$2.08B$1.57B$1.58B$2.71B$2.30B
Total liabilities$3.90B$3.78B$3.43B$3.54B$2.96B$3.17B$2.63B$2.76B$4.34B$4.44B
Shareholders' equity$2.50B$2.39B$2.92B$2.75B$2.02B$2.06B$3.08B$3.62B$4.24B$4.81B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$552.80M$515.39M$720.63M$823.57M$790.94M$1.16B$1.69B$1.57B$1.78B$2.01B
Free cash flow$552.80M$515.39M$720.63M$823.57M$790.94M$1.16B$1.69B$1.57B$1.78B$2.01B
Investing cash flow-$1.87B-$201.53M-$587.93M-$1.01B-$555.57M-$667.24M-$880.26M-$1.10B-$3.41B-$1.47B
Financing cash flow$1.33B-$12.29M-$368.67M$111.77M-$235.38M-$159.83M-$693.86M-$305.00M$1.01B-$175.00M
Dividends paid$7.75M$11.14M$11.19M$11.25M$2.28M$2.39M$19.64M$72.00M$85.00M$92.00M
Share buybacks————$0$0$57.21M$228.00M$86.00M$13.00M
Stock-based compensation$26.90M$22.70M$23.91M$24.32M$15.00M$18.82M$18.77M$20.00M$25.00M$29.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.