SM Energy financials
$33.11−1.31%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.24B | $1.48B | $704.9M | $811.6M | $793.0M | $840.0M | $852.0M | $643.6M | $633.5M | $559.6M | $606.9M | $639.7M |
| Gross profit | $1.68B | $1.05B | $498.0M | $582.6M | $569.0M | $615.0M | $637.3M | $495.2M | $496.8M | $422.2M | $469.5M | $501.4M |
| Gross margin | 75.2% | 71.0% | 70.7% | 71.8% | 71.8% | 73.2% | 74.8% | 76.9% | 78.4% | 75.5% | 77.4% | 78.4% |
| Operating income | $962.0M | $397.0M | $120.7M | $206.3M | $217.0M | $289.0M | $319.3M | $245.1M | $270.1M | $206.5M | $229.4M | $271.0M |
| Net income | $1.07B | -$335.0M | $109.0M | $155.1M | $202.0M | $182.0M | $188.0M | $240.5M | $210.3M | $131.2M | $247.1M | $222.3M |
| Net margin | 47.9% | −22.7% | 15.5% | 19.1% | 25.5% | 21.7% | 22.1% | 37.4% | 33.2% | 23.4% | 40.7% | 34.8% |
| Diluted EPS | $4.46 | $-1.68 | $0.95 | $1.35 | $1.76 | $1.59 | $1.61 | $2.09 | $1.82 | $1.13 | $2.13 | $1.88 |
| EBITDA | $1.55B | $829.0M | $439.4M | $531.7M | $510.0M | $559.0M | $579.5M | $448.0M | $449.7M | $372.7M | $229.4M | $460.3M |
| Operating cash flow | $1.10B | $640.0M | $451.9M | $505.0M | $571.0M | $483.0M | $578.4M | $452.3M | $476.4M | $276.0M | $476.5M | $383.0M |
| Free cash flow | $349.0M | $85.0M | $223.2M | $100.7M | $161.0M | $69.0M | -$1.88B | $149.3M | $153.7M | -$56.4M | $253.2M | $145.8M |
| Diluted shares | 240.0M | 199.0M | 114.8M | 115.2M | 115.0M | 115.0M | 116.8M | 115.0M | 115.7M | 116.5M | 115.3M | 118.3M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $620.0M | $449.0M | $368.0M | $162.3M | $101.9M | $54.0K |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $7.04B | $7.98B | $2.71B | $2.71B | $2.71B | $2.75B |
| Total assets | $18.86B | $19.14B | $9.25B | $9.09B | $8.99B | $8.79B |
| Total liabilities | $11.04B | $12.28B | $4.44B | $4.38B | $4.40B | $4.38B |
| Shareholders' equity | $7.81B | $6.87B | $4.81B | $4.71B | $4.59B | $4.40B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology