SM Energy Co
SM Energy Co
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 620 | 449 | 368 | 162 | 102 | 0 | 0 | 1,735 | 488 | 506 | 616 | 402 | |||||
Accounts Receivable Net Current | 989 | 915 | 331 | 368 | 364 | 383 | 361 | 227 | 239 | 242 | 231 | 265 | |||||
Derivative Assets Current | 145 | 201 | 83 | 69 | 79 | 61 | 49 | 72 | 27 | 34 | 56 | 26 | |||||
Prepaid Expense And Other Assets Current | 146 | 106 | 29 | 34 | 30 | 28 | 25 | 10 | 20 | 11 | 13 | 11 | |||||
Assets Current | 1,900 | 1,671 | 811 | 633 | 575 | 472 | 435 | 2,044 | 774 | 793 | 916 | 703 | |||||
Property Plant And Equipm… | |||||||||||||||||
Proved Oil And Gas Property Successful Effort Meth… | 23,214 | 22,280 | 16,012 | 15,654 | 15,378 | 14,688 | 14,302 | 12,501 | 12,164 | 11,757 | 11,477 | 11,169 | |||||
Oil And Gas Property Successful Effort Method Accu… | -8,466 | -7,891 | -8,793 | -8,478 | -8,158 | -7,869 | -7,603 | -7,371 | -7,171 | -6,994 | -6,830 | -6,680 | |||||
Unproved Oil And Gas Property Successful Effort Me… | 860 | 1,078 | 460 | 592 | 590 | 760 | 765 | 287 | 286 | 336 | 336 | 526 | |||||
Disposal Group Including Discontinued Operation Pr… | - | 666 | - | - | - | - | - | - | - | - | - | - | |||||
Property Plant And Equipment Other Net | 131 | 133 | 65 | 72 | 55 | 45 | 48 | 45 | 45 | 35 | 36 | 41 | |||||
Property Plant And Equipment Net | 16,548 | 17,101 | 8,202 | 8,265 | 8,261 | 8,162 | 7,993 | 5,754 | 5,662 | 5,514 | 5,376 | 5,292 | |||||
Assets Noncurrent | |||||||||||||||||
Escrow Deposit | - | - | - | - | - | - | - | 102 | 102 | - | - | - | |||||
Derivative Assets Noncurrent | 56 | 27 | 6 | 5 | 5 | 4 | 4 | 12 | 8 | 7 | 9 | 5 | |||||
Other Assets Noncurrent | 354 | 345 | 234 | 187 | 153 | 151 | 145 | 115 | 111 | 85 | 78 | 78 | |||||
Assets Noncurrent Other Than Noncurrent Investment… | 410 | 372 | 240 | 192 | 157 | 154 | 149 | 229 | 221 | 92 | 87 | 84 | |||||
Assets | 18,858 | 19,144 | 9,253 | 9,090 | 8,993 | 8,788 | 8,577 | 8,028 | 6,657 | 6,398 | 6,380 | 6,079 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable And Accrued Liabilities Current | 2,367 | 2,221 | 690 | 674 | 794 | 765 | 760 | 561 | 564 | 496 | 612 | 540 | |||||
Senior Notes Current | 416 | 1,235 | 419 | 419 | - | - | 0 | - | - | - | - | - | |||||
Derivative Liabilities Current | 184 | 703 | 2 | 10 | 19 | 33 | 7 | 2 | 21 | 24 | 7 | 43 | |||||
Other Liabilities Current | 122 | 121 | 58 | 33 | 25 | 25 | 22 | 18 | 17 | 16 | 15 | 15 | |||||
Liabilities Current | 3,089 | 4,280 | 1,169 | 1,135 | 838 | 823 | 790 | 581 | 602 | 536 | 634 | 599 | |||||
Liabilities Noncurrent | |||||||||||||||||
Long Term Line Of Credit | 0 | 0 | 0 | 0 | 0 | 38 | 69 | 0 | 0 | 0 | 0 | 0 | |||||
Senior Long Term Notes | 6,620 | 6,741 | 2,296 | 2,294 | 2,711 | 2,710 | 2,708 | 2,707 | 1,577 | 1,576 | 1,575 | 1,575 | |||||
Asset Retirement Obligations Noncurrent | 430 | 477 | 150 | 150 | 150 | 148 | 145 | 125 | 124 | 124 | 119 | 115 | |||||
Deferred Income Tax Liabilities Net | 630 | 315 | 724 | 690 | 590 | 570 | 545 | 467 | 441 | 397 | 370 | 324 | |||||
Derivative Liabilities Noncurrent | 1 | 2 | 2 | 5 | 12 | 17 | 7 | 0 | 3 | 1 | 1 | 5 | |||||
Other Liabilities Noncurrent | 275 | 461 | 102 | 102 | 102 | 79 | 75 | 85 | 66 | 65 | 65 | 56 | |||||
Liabilities Noncurrent | 7,956 | 7,996 | 3,274 | 3,241 | 3,565 | 3,561 | 3,549 | 3,385 | 2,211 | 2,164 | 2,130 | 2,075 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Common Stock Value | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Additional Paid In Capital Common Stock | 3,888 | 3,962 | 1,517 | 1,508 | 1,517 | 1,509 | 1,502 | 1,493 | 1,493 | 1,537 | 1,565 | 1,581 | |||||
Retained Earnings Accumulated Deficit | 3,921 | 2,903 | 3,291 | 3,205 | 3,074 | 2,895 | 2,735 | 2,570 | 2,353 | 2,163 | 2,052 | 1,826 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | 2 | 1 | 1 | -1 | -1 | -1 | -1 | -2 | -3 | -3 | -3 | -4 | |||||
Stockholders Equity | 7,813 | 6,868 | 4,810 | 4,713 | 4,590 | 4,404 | 4,237 | 4,062 | 3,844 | 3,698 | 3,616 | 3,404 | |||||
Liabilities And Stockholders Equity | 18,858 | 19,144 | 9,253 | 9,090 | 8,993 | 8,788 | 8,577 | 8,028 | 6,657 | 6,398 | 6,380 | 6,079 | |||||
Property Plant And Equipment Other Accumulated Dep… | 67 | 65 | 63 | 65 | 64 | 63 | 62 | 62 | 62 | 61 | 60 | 59 | |||||
Common Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Common Stock Shares Authorized | 400 | 400 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | |||||
Common Stock Shares Issued | 237 | 240 | 115 | 115 | 115 | 114 | 114 | 114 | 114 | 115 | 116 | 116 | |||||
Shares Outstanding | 237 | 240 | 115 | 115 | 115 | 114 | 114 | 114 | 114 | 115 | 116 | 116 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.53% | -8.86% | 14.84% | - | - | - | - | - | - | - | - | - |
| 2025 | 1.53% | 20.77% | 14.31% | 4.20% | -3.75% | -19.52% | -1.55% | -3.32% | -2.43% | 43.38% | 23.96% | 55.55% |
| 2024 | -4.13% | -3.99% | -6.59% | 5.53% | -7.93% | 1.03% | 14.28% | -9.16% | 7.27% | -19.19% | -41.61% | -37.03% |
| 2023 | - | - | - | - | - | - | -5.98% | -4.60% | -11.39% | 13.18% | 22.71% | 19.35% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 0.62 | 0.39 | 0.69 | 0.56 | 0.69 | 0.57 | 0.55 | 3.52 | 1.29 | 1.48 | 1.45 | 1.17 | |||||
| Quick Ratio | 0.57 | 0.37 | 0.67 | 0.53 | 0.65 | 0.54 | 0.52 | 3.50 | 1.25 | 1.46 | 1.43 | 1.16 | |||||
| Working Capital | -1.19B | -2.61B | -358.00M | -502.37M | -262.86M | -350.90M | -355.00M | 1.46B | 172.44M | 256.96M | 282.63M | 103.47M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 1.41 | 1.79 | 0.92 | 0.93 | 0.96 | 1.00 | 1.02 | 0.98 | 0.73 | 0.73 | 0.76 | 0.79 | |||||
| Interest Coverage TTM | 5.25 | 1.76 | 5.78 | 6.26 | 6.45 | 7.19 | 7.63 | 9.29 | 10.62 | 9.81 | 10.77 | 11.29 | |||||
| Debt Ratio | 0.59 | 0.64 | 0.48 | 0.48 | 0.49 | 0.50 | 0.51 | 0.49 | 0.42 | 0.42 | 0.43 | 0.44 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.37 | 0.27 | 0.35 | 0.38 | 0.40 | 0.39 | 0.36 | 0.35 | 0.39 | 0.38 | 0.39 | 0.41 | |||||
| Days Sales Outstanding TTM | 47.99 | 62.75 | 40.25 | 33.15 | 35.49 | 38.63 | 40.46 | 36.70 | 34.18 | 33.32 | 35.86 | 39.30 | |||||
| Receivables Turnover TTM | 7.61 | 5.82 | 9.07 | 11.01 | 10.29 | 9.45 | 9.02 | 9.95 | 10.68 | 10.95 | 10.18 | 9.29 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 4.17 | 0.66 | 5.63 | 6.31 | 7.07 | 7.14 | 6.64 | 7.21 | 7.01 | 6.44 | 6.86 | 7.01 | |||||
| Free Cash Flow Per Share TTM | 10.89 | 10.65 | 17.49 | 18.61 | 18.13 | 17.30 | 15.50 | 14.69 | 14.06 | 13.13 | 13.27 | 11.77 | |||||
| Dividend Per Share TTM | 0.76 | 0.76 | 0.80 | 0.80 | 0.78 | 0.76 | 0.74 | 0.70 | 0.67 | 0.64 | 0.60 | 0.62 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 72.41% | 71.18% | 71.80% | 72.71% | 73.83% | 75.45% | 76.15% | 77.08% | 77.47% | 76.26% | 76.16% | 76.22% | |||||
| Operating Profit Margin TTM | 31.62% | 11.28% | 31.87% | 33.77% | 38.33% | 39.76% | 40.28% | 44.98% | 39.49% | 37.97% | 41.75% | 42.03% | |||||
| Net Profit Margin TTM | 19.43% | 3.47% | 20.65% | 22.22% | 26.18% | 27.81% | 28.83% | 33.95% | 33.24% | 31.90% | 34.60% | 34.18% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 65.84% | 27.91% | 17.48% | 33.96% | 27.19% | 25.45% | 12.99% | 0.66% | -6.68% | -23.06% | -29.35% | -31.25% | |||||
| Net Income Growth (1Y) | 23.08% | -84.04% | -15.84% | -12.31% | 0.19% | 9.36% | -5.85% | -0.01% | -25.47% | -40.52% | -26.45% | -35.13% | |||||
| EPS Growth (1Y) | -40.78% | -90.78% | -15.84% | -12.63% | -0.13% | 9.97% | -2.84% | 2.97% | -22.37% | -37.42% | -24.17% | -32.18% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 6.24 | 47.04 | 3.27 | 3.81 | 3.35 | 3.98 | 5.47 | 5.19 | 5.73 | 7.17 | 5.22 | 5.21 | |||||
| P/B TTM | 0.80 | 0.90 | 0.44 | 0.59 | 0.59 | 0.74 | 0.99 | 1.06 | 1.21 | 1.46 | 1.18 | 1.27 | |||||
| P/S TTM | 1.21 | 1.63 | 0.67 | 0.85 | 0.88 | 1.11 | 1.58 | 1.76 | 1.90 | 2.29 | 1.81 | 1.78 | |||||
| Market Cap | 6.24B | 6.16B | 2.12B | 2.77B | 2.72B | 3.27B | 4.21B | 4.30B | 4.64B | 5.38B | 4.27B | 4.32B | |||||
| Enterprise Value | 5.62B | 5.71B | 1.75B | 2.61B | 2.62B | 3.27B | 4.21B | 2.57B | 4.16B | 4.88B | 3.65B | 3.92B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 2.60B | 2.12B | 2.01B | 2.14B | 2.08B | 1.99B | 1.78B | 1.68B | 1.61B | 1.52B | 1.57B | 1.39B | |||||
| Net Debt | -620.00M | -449.00M | -368.00M | -162.25M | -101.88M | -54.00K | 0.00 | -1.74B | -487.87M | -506.25M | -616.16M | -401.98M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
SM Energy Co (SM) — SEC Financial Statements & Analysis
SM Energy Co (SM) is a crude petroleum & natural gas company, incorporated in DE. SM Energy Co trades on NYSE as: SM. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), SM Energy Co reported a 65.84% year-over-year revenue growth, a Gross Profit Margin of 72.41% (TTM), a Debt-to-Equity ratio of 1.41x, a Price-to-Sales (P/S) ratio of 1.21x (TTM), a Price-to-Book (P/B) ratio of 0.80x (TTM), at a market cap of $6.24B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 65.84%
- Gross Profit Margin TTM
- 72.41%
- Debt To Equity
- 1.41x
- P/S TTM
- 1.21x
- P/B TTM
- 0.80x
- Market Cap
- $6.24B
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is SM Energy Co in?
SM Energy Co (SM) operates in the Crude Petroleum & Natural Gas industry.
What is SM's market cap?
SM Energy Co (SM) has a market capitalization of $6.24B as of 2026-06-30.
What is SM's P/E ratio?
SM Energy Co (SM)'s trailing twelve month P/E ratio is 6.24x as of 2026-06-30.
What exchange does SM trade on?
SM Energy Co (SM) trades on the NYSE.
Where is SM Energy Co incorporated?
SM Energy Co is incorporated in DE.