SM Energy Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	3,137	2,555	2,259	3,183	2,477	1,080
Other Revenue	29.74	18.97	10	12.74	24.98	0.49
Revenue	3,167	2,574	2,269	3,196	2,502	1,081
Revenue Growth (YoY)	35.48%	13.46%	-29.01%	27.75%	131.53%	-29.15%
Cost of Revenue	728.56	486.07	421.04	416.61	364.92	326.22
Gross Profit	2,438	2,088	1,848	2,779	2,137	754.36
Selling, General & Admin	162.67	138.34	121.06	114.56	111.95	99.16
Other Operating Expenses	-32.98	0.72	-10.19	426.67	967.13	-117.85
Operating Expenses	1,333	1,012	860.84	1,200	1,928	1,823
Operating Income	1,105	1,076	986.91	1,579	209.12	-1,069
Interest Expense	-176.17	-140.66	-91.63	-120.35	-160.35	-163.89
Interest & Investment Income	1.91	31.9	19.85	5.77	1.72	-
Other Non Operating Income (Expenses)	0.32	-0.23	-0.93	-1.53	-2.18	-3.94
EBT Excluding Unusual Items	930.7	966.71	914.2	1,463	48.31	-1,237
Other Unusual Items	-0.48	-0.48	-	-67.61	-2.14	280.08
Pretax Income	930.22	966.22	914.2	1,396	46.17	-956.71
Income Tax Expense	202.92	195.93	96.32	283.82	9.94	-192.09
Net Income	727.3	770.29	817.88	1,112	36.23	-764.61
Net Income to Common	727.3	770.29	817.88	1,112	36.23	-764.61
Net Income Growth	-12.28%	-5.82%	-26.45%	2969.23%	-	-
Shares Outstanding (Basic)	115	115	119	122	119	114
Shares Outstanding (Diluted)	115	116	119	124	124	114
Shares Change (YoY)	-0.77%	-3.11%	-3.90%	0.32%	8.76%	1.05%
EPS (Basic)	6.35	6.71	6.89	9.09	0.30	-6.72
EPS (Diluted)	6.33	6.67	6.86	8.96	0.29	-6.72
EPS Growth	-11.53%	-2.77%	-23.44%	2989.66%	-	-
Free Cash Flow	-1,563	-1,632	475.05	806.47	481.61	243.16
Free Cash Flow Per Share	-13.59	-14.12	3.98	6.50	3.89	2.14
Dividend Per Share	0.800	0.760	0.630	0.310	0.020	0.020
Dividend Growth	8.11%	20.64%	103.23%	1450.00%	-	-80.00%
Gross Margin	76.99%	81.12%	81.44%	86.97%	85.41%	69.81%
Operating Margin	34.88%	41.79%	43.50%	49.42%	8.36%	-98.92%
Profit Margin	22.97%	29.92%	36.05%	34.79%	1.45%	-70.76%
Free Cash Flow Margin	-49.34%	-63.39%	20.94%	25.23%	19.25%	22.50%
EBITDA	2,253	1,885	1,677	2,183	1,019	732.05
EBITDA Margin	71.16%	73.22%	73.93%	68.31%	40.71%	67.75%
D&A For EBITDA	1,149	809.31	690.48	603.78	809.39	1,801
EBIT	1,105	1,076	986.91	1,579	209.12	-1,069
EBIT Margin	34.88%	41.79%	43.50%	49.42%	8.36%	-98.92%
Effective Tax Rate	21.81%	20.28%	10.54%	20.33%	21.53%	-
Revenue as Reported	3,301	2,690	2,374	3,359	2,623	1,127

Updated Nov 3, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q