SM Energy Company (SM)
NYSE: SM · Real-Time Price · USD
35.68
-0.78 (-2.14%)
At close: Aug 25, 2026, 4:00 PM EDT
35.62
-0.06 (-0.17%)
After-hours: Aug 25, 2026, 7:58 PM EDT

SM Energy Company Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
4,9623,0272,5742,2693,1962,502
Revenue Growth
65.29%17.60%13.44%-29.01%27.75%131.53%
Gross Profit
4,2902,7352,4071,8102,7792,137
Operating Income
1,5371,0001,0769871,579209.12
Net Income
1,0006487708181,11236.23
Earnings Per Share
5.975.636.676.868.960.29
EPS Growth
-15.61%-15.52%-2.77%-23.44%2989.66%-

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Oil Production
4,5382,5612,1871,8142,2701,892
Gas Production
294.16353249.07327.88790.88525.48
NGL Production
314.74224234.73222.23284.96180.61
Total Other Operating Income
349.581618.971012.7424.98
Revenue (Total)
5,4963,1542,6902,3743,3592,623

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
6203680616.16445332.72
Total Debt
7,4332,8532,8421,6151,6062,107
Net Cash (Debt)
-6,813-2,485-2,842-998.95-1,161-1,774
Net Cash Growth
------
Net Cash Per Share
-40.67-21.61-24.50-8.39-9.36-14.35

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
2,7002,0111,7831,5741,6861,160
Capital Expenditures
-1,957-1,472-3,415-1,099-879.94-678.16
Free Cash Flow
743539-1,632475806.47481.61
Free Cash Flow Growth
----41.10%67.45%98.06%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
86.46%90.35%93.51%79.77%86.97%85.41%
Operating Margin
30.98%33.04%41.80%43.50%49.42%8.36%
Pretax Margin
26.68%27.42%37.53%40.28%43.67%1.85%
Profit Margin
20.15%21.41%29.92%36.05%34.79%1.45%
FCF Margin
14.97%17.81%-63.40%20.93%25.23%19.25%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
0.8800.8000.7600.6300.3100.020
Dividend Per Share Growth
5.00%5.26%20.64%103.23%1450.00%0%
Dividend Yield
2.47%4.34%2.08%1.75%0.97%0.07%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
5.983.315.765.513.8598.85
Forward PE
5.165.995.135.944.336.82
P/FCF Ratio
11.423.97-9.485.307.44
PS Ratio
1.710.711.721.991.341.43