SM Energy Co
SM- Exchange
- NYSE
- Industry
- Crude Petroleum & Natural Gas
- SEC CIK
- 0000893538
In the last 90 days, SM Energy Co insiders filed 0 open-market purchases and 2 sales; 502 institutions reported holding it in 13F filings for Q2 2026, worth $6.01B in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 5, 2026, 12:08 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 25, 2026 | Feb 19, 2025 | Feb 1, 2024 | Feb 22, 2023 | Feb 24, 2022 |
| Revenue | $3.15B | $2.69B | $2.37B | $3.36B | $2.62B |
| Selling, general and administrative | $161.0M | $138.3M | $121.1M | $114.6M | $111.9M |
| Operating income | $1.00B | $1.08B | $986.9M | $1.58B | $209.1M |
| Interest expense | $173.0M | $140.7M | $91.6M | $120.3M | $160.4M |
| Income tax | $182.0M | $195.9M | $96.3M | $283.8M | $9.94M |
| Net income | $648.0M | $770.3M | $817.9M | $1.11B | $36.2M |
| EPS, basic | $5.65 | $6.71 | $6.89 | $9.09 | $0.30 |
| EPS, diluted | $5.64 | $6.67 | $6.86 | $8.96 | $0.29 |
| Weighted shares, basic | 115.0M | 114.8M | 118.7M | 122.4M | 119.0M |
| Weighted shares, diluted | 115.0M | 115.5M | 119.2M | 124.1M | 123.7M |
| Margins and growth | |||||
| Operating margin | 31.7% | 40.0% | 41.6% | 47.0% | 8.0% |
| Net margin | 20.5% | 28.6% | 34.5% | 33.1% | 1.4% |
| Revenue growth, year over year | +17.2% | +13.3% | −29.3% | +28.1% | +132.8% |
| Net income growth, year over year | −15.9% | −5.8% | −26.4% | +2,969.2% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 25, 2026 | Feb 19, 2025 | Feb 1, 2024 | Feb 22, 2023 | Feb 24, 2022 |
| Cash and equivalents | $368.0M | $0 | $616.2M | $445.0M | $332.7M |
| Accounts receivable | $331.0M | $361.0M | $231.2M | $233.3M | $247.2M |
| Total current assets | $811.0M | $434.7M | $916.4M | $737.2M | $613.2M |
| Property, plant and equipment | $8.20B | $7.99B | $5.38B | $4.88B | $4.58B |
| Total assets | $9.25B | $8.58B | $6.38B | $5.72B | $5.23B |
| Accounts payable | $77.0M | $82.5M | $107.3M | $43.9M | $25.1M |
| Total current liabilities | $1.17B | $790.0M | $633.8M | $598.6M | $889.3M |
| Long-term debt | – | – | – | – | $2.08B |
| Shareholders' equity | $4.81B | $4.24B | $3.62B | $3.09B | $2.06B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 25, 2026 | Feb 19, 2025 | Feb 1, 2024 | Feb 22, 2023 | Feb 24, 2022 |
| Operating cash flow | $2.01B | $1.78B | $1.57B | $1.69B | $1.16B |
| Stock-based compensation | $29.0M | $25.0M | $20.3M | $18.8M | $18.8M |
| Dividends paid | $92.0M | $85.0M | $71.6M | $19.6M | $2.39M |
| Share buybacks | $13.0M | $86.1M | $228.1M | $57.2M | – |
| Investing cash flow | -$1.47B | -$3.41B | -$1.10B | -$880.3M | -$667.2M |
| Financing cash flow | -$175.0M | $1.01B | -$304.5M | -$693.9M | -$159.8M |
| Net change in cash | $368.0M | -$616.2M | $171.2M | $112.3M | $332.7M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.9% | 0.9% | 0.9% | 0.6% | 0.7% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 22, 2026 | 235.0M | +105.2% | SEC |
| Jul 23, 2026 | 237.9M | +106.9% | SEC |
| Apr 23, 2026 | 239.7M | +109.5% | SEC |
| Feb 2, 2026 | 238.4M | +108.2% | SEC |
| Oct 22, 2025 | 114.6M | +0.1% | SEC |
| Jul 23, 2025 | 115.0M | +0.5% | SEC |
| Apr 24, 2025 | 114.5M | −0.5% | SEC |
| Jan 31, 2025 | 114.5M | −1.1% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.