SM - NYSE
SM Energy Company
$34.29
+0.94%SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the state of Texas. As of February 24, 2022, it had 492.0 million barrels of oil equivalent of estimated proved reserves. It also has working interests in 825 gross productive oil wells and 483 gross productive gas wells in the Midland Basin and South Texas. The company was formerly known as St. Mary Land & Exploration Company and changed its name to SM Energy Company in May 2010. SM Energy Company was founded in 1908 and is headquartered in Denver, Colorado.
At a Glance
Live SnapshotSM Energy Company Profit Bridge
Profitability Analysis
Gross Margin
Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.
Operating Margin
Outstanding operational efficiency. The company generates substantial profit from core operations.
Net Profit Margin
Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.
Effective Tax Rate
Moderate tax rate typical for most corporations. Represents standard tax burden on profits.
Profitability Insight
Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.
SM Energy Company Income Statement
SM • NYSE
| SM Energy Company Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||||
3.2B | 2.7B | 2.4B | 3.3B | 2.6B | 1.1B | 1.6B | 1.6B | 1.3B | 1.2B | 1.5B | 2.5B | 2.3B | 1.5B | 1.6B | 1.1B | 832.2M | 1.3B | 990.1M | 787.7M | |
GROSS PROFIT | ||||||||||||||||||||
(2.1B) | (1.4B) | (1.3B) | (1.2B) | (1.3B) | (1.2B) | (1.3B) | (1.2B) | (1.1B) | (1.4B) | (1.7B) | (1.5B) | (1.5B) | (1.2B) | (407.9M) | (325.7M) | (326.6M) | (271.4M) | (319.4M) | (228.5M) | |
1B | 1.2B | 1.1B | 2.1B | 1.3B | -50M | 264.7M | 487.5M | 195.5M | -207.9M | -144.6M | 1B | 789.6M | 360.9M | 1.2B | 767.2M | 505.6M | 1B | 670.7M | 559.2M | |
OPERATING INCOME | ||||||||||||||||||||
(183M) | (149.3M) | (123M) | (541.7M) | (1.1B) | (1B) | (204.2M) | (190M) | (190.4M) | (202.8M) | (289.3M) | (271.8M) | (231.9M) | (188.2M) | (584.6M) | (420.3M) | (401.9M) | (547.1M) | (346.5M) | (249.7M) | |
(161M) | (138.3M) | (121.1M) | (114.6M) | (111.9M) | (99.2M) | (132.8M) | (116.5M) | (120.6M) | (126.4M) | (157.7M) | (167.1M) | (149.6M) | (119.8M) | (118.5M) | (141.1M) | (76M) | (79.5M) | (60.1M) | (38.9M) | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (60.1M) | (0.0) | (0.0) | |
822M | 1.1B | 986.9M | 1.6B | 209.1M | -1.1B | 58.6M | 836.3M | -168.5M | -1.1B | -578.8M | 1.2B | 368.3M | -20M | 384.4M | 338.8M | -130.8M | 171.2M | 319.4M | 302.3M | |
PRE-TAX INCOME | ||||||||||||||||||||
(173M) | (140.7M) | (91.6M) | (120.3M) | (160.4M) | (163.9M) | (159.1M) | (160.9M) | (179.3M) | (158.7M) | (128.1M) | (98.6M) | (89.7M) | (63.7M) | (45.8M) | (24.2M) | (28.9M) | (20.3M) | (19.9M) | (0.0) | |
-170M | -108.8M | -71.8M | -114.6M | -158.6M | -163.9M | -159.1M | -160.9M | -179.3M | -158.7M | -128.1M | -98.6M | -89.7M | -63.7M | -45.4M | -23.9M | -28.6M | -26.5M | -19.1M | 0.0 | |
(22M) | (11M) | (1.9M) | (427.2M) | (997M) | (919.8M) | (71.4M) | (3.1M) | (4M) | (362K) | (649K) | -2.6M | (82.3M) | (68.3M) | (466.1M) | (313.6M) | (325.9M) | (236.1M) | (286.4M) | (210.9M) | |
8M | -109.5M | -72.7M | -183.7M | -163M | 112.2M | -161.1M | -184.6M | -180.1M | -144.9M | -144.1M | -101.1M | -89.6M | -63.5M | -45.4M | -23.9M | -28.6M | -19.8M | -19.1M | -6.9M | |
830M | 966.2M | 914.2M | 1.4B | 46.2M | -956.7M | -231M | 651.8M | -343.8M | -1.2B | -722.9M | 1.1B | 278.6M | -83.5M | 339M | 314.9M | -159.5M | 151.4M | 300.3M | 295.3M | |
NET INCOME | ||||||||||||||||||||
(182M) | (195.9M) | (96.3M) | (283.8M) | (9.9M) | -192.1M | -44M | (143.4M) | -183M | -444.2M | -275.2M | (398.6M) | (107.7M) | -29.3M | (123.6M) | (118.1M) | -60.1M | (59.9M) | (110.6M) | (105.3M) | |
648M | 770.3M | 817.9M | 1.1B | 36.2M | -764.6M | -187M | 508.4M | -160.8M | -757.7M | -447.7M | 666.1M | 170.9M | -54.2M | 215.4M | 196.8M | -99.4M | 91.6M | 189.7M | 190M |
SEC Filings
SM - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | June 01, 2026 | June 01, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 22, 2026 | May 21, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 12, 2026 | May 11, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 07, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 06, 2026 | May 06, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 30, 2026 | April 30, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 17, 2026 | April 17, 2026 | 2026 | |
DEF 14A DEF 14A 2025 N/A | April 08, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | April 02, 2026 | April 02, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 18, 2026 | March 18, 2026 | 2026 |
Related Guides
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Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.