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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	3,788	3,154	2,690	2,374	3,359	2,623
Revenue Growth (YoY)	27.34%	17.25%	13.31%	-29.32%	28.05%	132.80%
Cost of Revenue	1,088	885	637	564	620.91	505.42
Gross Profit	2,701	2,269	2,053	1,810	2,738	2,117
Selling, General & Admin	295.66	161	138	121	114.56	111.95
Depreciation & Amortization Expenses	1,369	1,207	809	690	603.78	774.39
Exploration Expenses	71.24	57	64	59	54.94	39.3
Other Operating Expenses	538.82	-156	-34	-47	384.97	982.73
Total Operating Expenses	2,275	1,269	977	823	1,158	1,908
Operating Income	425.71	1,000	1,076	987	1,579	209.12
Interest Income	2.89	3	32	20	5.77	1.72
Interest Expense	-241.63	-173	-141	-92	-120.35	-160.35
Other Non-Operating Income (Expense)	1.03	-	-1	-1	-69.14	-4.32
Total Non-Operating Income (Expense)	-237.71	-170	-110	-73	-183.71	-162.96
Pretax Income	188	830	966	914	1,396	46.17
Provision for Income Taxes	57.27	182	196	96	283.82	9.94
Net Income	130.73	648	770	818	1,112	36.23
Net Income to Common	130.73	648	770	818	1,112	36.23
Net Income Growth	-84.07%	-15.84%	-5.87%	-26.44%	2969.23%	-
Shares Outstanding (Basic)	136	115	115	119	122	119
Shares Outstanding (Diluted)	136	115	116	119	124	124
Shares Change (YoY)	18.08%	-0.86%	-2.52%	-4.10%	0.32%	8.76%
EPS (Basic)	2.38	5.65	6.71	6.89	9.09	0.30
EPS (Diluted)	2.38	5.64	6.67	6.86	8.96	0.29
EPS Growth	-66.67%	-15.44%	-2.77%	-23.44%	2989.66%	-
Shares Outstanding	239.7	114.63	114.46	115.75	121.93	123.86
Free Cash Flow	250.41	573	472	585	806.47	484.93
Free Cash Flow Growth	-56.30%	21.40%	-19.32%	-27.46%	66.31%	99.43%
Free Cash Flow Per Share	1.84	4.98	4.07	4.92	6.50	3.92
Dividends Per Share	0.820	0.800	0.760	0.630	0.310	0.020
Dividend Growth	2.50%	5.26%	20.64%	103.23%	1450.00%	-
Gross Margin	71.28%	71.94%	76.32%	76.24%	81.51%	80.73%
Operating Margin	11.24%	31.71%	40.00%	41.58%	47.03%	7.97%
Profit Margin	3.45%	20.55%	28.62%	34.46%	33.11%	1.38%
FCF Margin	6.61%	18.17%	17.55%	24.64%	24.01%	18.49%
EBITDA	1,795	2,207	1,885	1,677	2,183	983.51
EBITDA Margin	47.37%	69.97%	70.07%	70.64%	65.00%	37.50%
EBIT	425.71	1,000	1,076	987	1,579	209.12
EBIT Margin	11.24%	31.71%	40.00%	41.58%	47.03%	7.97%
Effective Tax Rate	30.46%	21.93%	20.29%	10.50%	20.33%	21.53%

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q