SM Energy financials
$33.11−1.31%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.15B | $2.69B | $2.37B | $3.35B | $2.60B | $1.13B | $1.59B | $1.64B | $1.25B | $1.18B |
| Gross profit | $2.27B | $2.05B | $1.81B | $2.72B | $2.09B | $735.5M | $1.09B | $1.15B | $745.9M | $580.9M |
| Gross margin | 71.9% | 76.3% | 76.2% | 81.4% | 80.5% | 65.3% | 68.4% | 70.2% | 59.5% | 49.3% |
| Operating income | $844.0M | $1.04B | $940.0M | $1.95B | $1.11B | -$1.23B | $27.6M | $247.6M | -$6.3M | -$843.5M |
| Net income | $648.0M | $770.0M | $818.0M | $1.11B | $36.2M | -$764.6M | -$187.0M | $508.4M | -$160.8M | -$757.7M |
| Net margin | 20.5% | 28.6% | 34.5% | 33.2% | 1.4% | −67.9% | −11.8% | 31.1% | −12.8% | −64.3% |
| Diluted EPS | $5.64 | $6.67 | $6.86 | $8.96 | $0.29 | $-6.72 | $-1.66 | $4.48 | $-1.44 | $-9.90 |
| EBITDA | $2.05B | $1.85B | $1.63B | $2.56B | $1.92B | $570.5M | $885.2M | $962.8M | $566.8M | $382.2M |
| Operating cash flow | $2.01B | $1.78B | $1.57B | $1.69B | $1.16B | $790.9M | $823.6M | $720.6M | $515.4M | $552.8M |
| Free cash flow | $539.0M | -$1.63B | $475.0M | $806.5M | $481.6M | $243.2M | -$202.8M | -$615.8M | -$462.9M | -$2.26B |
| Diluted shares | 115.0M | 116.0M | 119.0M | 124.1M | 123.7M | 113.7M | 112.5M | 113.5M | 111.4M | 76.6M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $368.0M | $0.00 | $616.2M | $445.0M | $332.7M | $10.0K |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $2.71B | $2.78B | $1.58B | $1.57B | $2.08B | $2.21B |
| Total assets | $9.25B | $8.58B | $6.38B | $5.72B | $5.23B | $4.98B |
| Total liabilities | $4.44B | $4.34B | $2.76B | $2.63B | $3.17B | $2.96B |
| Shareholders' equity | $4.81B | $4.24B | $3.62B | $3.09B | $2.06B | $2.02B |
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