SM Energy Co
NYSE:SM

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SM Energy Co
NYSE:SM
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Price: 18.97 USD 1.55% Market Closed
Market Cap: $2.2B
Financials Section:
Income Statement Balance Sheet Cash Flow Statement
|
Revenue Breakdown

Income Statement

Revenue
+
3Y
-7%
5Y
+163%
10Y
+82%
Operating Income
+
3Y
-51%
5Y
-
10Y
-
Net Income
+
3Y
-43%
5Y
-
10Y
+224%

Earnings Waterfall
SM Energy Co

Income Statement
SM Energy Co

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Income Statement
Currency: USD
Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
0
1
2
3
4
6
7
8
8
7
6
6
6
7
7
8
8
8
7
7
9
13
15
17
24
20
24
27
27
26
27
27
29
30
28
27
24
27
35
38
46
50
49
58
64
69
77
84
90
95
97
95
99
107
114
124
128
127
130
145
159
175
185
182
179
175
172
166
161
156
154
156
159
163
163
164
164
162
161
161
160
160
156
138
120
103
90
90
92
91
91
118
141
163
184
176
Revenue
207
N/A
182
-12%
178
-2%
187
+5%
199
+7%
255
+28%
307
+20%
347
+13%
386
+11%
389
+1%
388
0%
405
+4%
431
+7%
481
+11%
543
+13%
638
+18%
739
+16%
789
+7%
818
+4%
813
-1%
781
-4%
815
+4%
869
+7%
918
+6%
991
+8%
1 075
+9%
1 182
+10%
1 264
+7%
1 238
-2%
1 132
-9%
982
-13%
850
-13%
821
-3%
860
+5%
861
+0%
887
+3%
938
+6%
989
+5%
1 132
+14%
1 249
+10%
1 383
+11%
1 468
+6%
1 449
-1%
1 497
+3%
1 532
+2%
1 640
+7%
1 865
+14%
2 097
+12%
2 265
+8%
2 413
+7%
2 533
+5%
2 538
+0%
2 522
-1%
2 294
-9%
2 065
-10%
1 810
-12%
1 514
-16%
1 324
-13%
1 172
-12%
1 133
-3%
1 180
+4%
1 304
+10%
1 300
0%
1 267
-3%
1 260
0%
1 309
+4%
1 426
+9%
1 587
+11%
1 640
+3%
1 597
-3%
1 599
+0%
1 531
-4%
1 589
+4%
1 604
+1%
1 367
-15%
1 257
-8%
1 127
-10%
1 215
+8%
1 609
+32%
2 088
+30%
2 623
+26%
3 039
+16%
3 467
+14%
3 542
+2%
3 359
-5%
3 072
-9%
2 631
-14%
2 437
-7%
2 374
-3%
2 360
-1%
2 444
+4%
2 447
+0%
2 690
+10%
2 975
+11%
3 133
+5%
3 301
+5%
Gross Profit
Cost of Revenue
(55)
(57)
(55)
(53)
(51)
(58)
(70)
(81)
(89)
(91)
(89)
(90)
(96)
(104)
(113)
(127)
(143)
(152)
(165)
(172)
(177)
(188)
(195)
(205)
(218)
(225)
(249)
(266)
(271)
(268)
(244)
(219)
(207)
(199)
(195)
(191)
(195)
(213)
(221)
(254)
(290)
(311)
(349)
(374)
(392)
(430)
(489)
(545)
(597)
(635)
(663)
(683)
(716)
(748)
(745)
(751)
(724)
(672)
(647)
(615)
(598)
(591)
(567)
(537)
(508)
(491)
(484)
(489)
(487)
(488)
(494)
(495)
(501)
(499)
(456)
(423)
(391)
(373)
(418)
(458)
(505)
(549)
(589)
(614)
(621)
(619)
(599)
(577)
(564)
(559)
(550)
(560)
(637)
(725)
(812)
(893)
Gross Profit
152
N/A
125
-18%
123
-1%
134
+9%
148
+11%
197
+33%
237
+20%
265
+12%
298
+12%
298
+0%
299
+0%
315
+6%
336
+7%
376
+12%
430
+14%
511
+19%
597
+17%
635
+6%
651
+3%
640
-2%
604
-6%
626
+4%
673
+7%
712
+6%
772
+9%
850
+10%
933
+10%
998
+7%
966
-3%
864
-11%
738
-15%
630
-15%
614
-3%
661
+8%
666
+1%
695
+4%
743
+7%
776
+5%
911
+17%
995
+9%
1 093
+10%
1 157
+6%
1 100
-5%
1 123
+2%
1 140
+2%
1 210
+6%
1 376
+14%
1 551
+13%
1 668
+8%
1 778
+7%
1 870
+5%
1 855
-1%
1 806
-3%
1 545
-14%
1 321
-15%
1 059
-20%
790
-25%
652
-17%
525
-20%
519
-1%
583
+12%
712
+22%
733
+3%
730
0%
753
+3%
819
+9%
942
+15%
1 098
+17%
1 153
+5%
1 109
-4%
1 106
0%
1 036
-6%
1 089
+5%
1 105
+2%
910
-18%
835
-8%
735
-12%
842
+15%
1 191
+41%
1 630
+37%
2 117
+30%
2 490
+18%
2 878
+16%
2 929
+2%
2 738
-7%
2 454
-10%
2 033
-17%
1 860
-9%
1 810
-3%
1 802
0%
1 894
+5%
1 887
0%
2 053
+9%
2 250
+10%
2 321
+3%
2 409
+4%
Operating Income
Operating Expenses
(84)
(84)
(91)
(95)
(97)
(106)
(121)
(136)
(148)
(152)
(155)
(163)
(184)
(198)
(226)
(299)
(343)
(361)
(370)
(310)
(290)
(315)
(332)
(371)
(442)
(486)
(605)
(616)
(519)
(499)
(414)
(430)
(501)
(495)
(494)
(512)
(542)
(609)
(635)
(651)
(740)
(793)
(848)
(951)
(964)
(992)
(1 094)
(1 098)
(1 112)
(1 092)
(1 029)
(1 021)
(1 064)
(1 135)
(1 180)
(1 225)
(1 224)
(1 180)
(1 147)
(1 077)
(991)
(909)
(848)
(791)
(743)
(736)
(732)
(808)
(855)
(900)
(953)
(956)
(1 028)
(1 079)
(1 058)
(1 018)
(950)
(877)
(891)
(956)
(972)
(965)
(930)
(840)
(777)
(867)
(796)
(838)
(892)
(897)
(920)
(939)
(1 028)
(1 138)
(1 260)
(1 391)
Selling, General & Administrative
(12)
(11)
(10)
(12)
(14)
(17)
(19)
(20)
(21)
(23)
(23)
(24)
(22)
(22)
(25)
(29)
(33)
(38)
(41)
(40)
(39)
(41)
(47)
(53)
(60)
(68)
(84)
(99)
(96)
(92)
(78)
(68)
(71)
(78)
(85)
(91)
(107)
(109)
(111)
(115)
(119)
(121)
(125)
(127)
(120)
(124)
(128)
(130)
(150)
(152)
(155)
(163)
(167)
(176)
(180)
(176)
(158)
(146)
(132)
(127)
(125)
(123)
(123)
(118)
(117)
(116)
(117)
(119)
(117)
(121)
(123)
(126)
(133)
(128)
(124)
(116)
(99)
(96)
(94)
(95)
(112)
(112)
(116)
(119)
(115)
(117)
(116)
(117)
(121)
(124)
(127)
(133)
(138)
(148)
(158)
(163)
Research & Development
(20)
(18)
(20)
(20)
(19)
(17)
(19)
(25)
(25)
(27)
(27)
(26)
(29)
(31)
(34)
(36)
(45)
(49)
(54)
(53)
(52)
(60)
(56)
(59)
(59)
(54)
(60)
(58)
(60)
(59)
(62)
(67)
(62)
(63)
(58)
(56)
(64)
(63)
(58)
(55)
(54)
(60)
(72)
(86)
(90)
(87)
(86)
(77)
(74)
(80)
(84)
(102)
(130)
(146)
(147)
(132)
(121)
(98)
(86)
(80)
(65)
(62)
(62)
(63)
(55)
(57)
(58)
(57)
(55)
(53)
(50)
(48)
(52)
(51)
(50)
(47)
(41)
(39)
(38)
(38)
(39)
(39)
(51)
(57)
(55)
(64)
(58)
(54)
(59)
(60)
(62)
(64)
(64)
(57)
(56)
(55)
Depreciation & Amortization
(51)
(53)
(54)
(53)
(54)
(60)
(69)
(77)
(82)
(84)
(83)
(84)
(92)
(102)
(115)
(131)
(133)
(137)
(139)
(142)
(155)
(169)
(188)
(207)
(228)
(249)
(271)
(284)
(314)
(336)
(330)
(324)
(304)
(290)
(300)
(317)
(336)
(364)
(399)
(439)
(511)
(575)
(622)
(691)
(728)
(757)
(821)
(825)
(823)
(801)
(763)
(751)
(768)
(808)
(840)
(900)
(921)
(918)
(909)
(859)
(791)
(714)
(657)
(597)
(557)
(550)
(548)
(615)
(665)
(713)
(767)
(777)
(824)
(880)
(854)
(825)
(785)
(719)
(742)
(763)
(774)
(767)
(717)
(660)
(604)
(599)
(602)
(645)
(690)
(702)
(724)
(738)
(809)
(913)
(1 026)
(1 149)
Other Operating Expenses
(2)
(2)
(5)
(9)
(10)
(13)
(14)
(15)
(19)
(18)
(22)
(29)
(41)
(43)
(53)
(104)
(133)
(138)
(137)
(75)
(45)
(45)
(42)
(53)
(96)
(115)
(190)
(175)
(49)
(12)
55
29
(64)
(64)
(52)
(49)
(35)
(74)
(67)
(44)
(56)
(38)
(30)
(47)
(26)
(24)
(59)
(67)
(66)
(58)
(27)
(5)
1
(6)
(13)
(16)
(25)
(18)
(20)
(11)
(11)
(10)
(6)
(13)
(14)
(14)
(9)
(18)
(18)
(14)
(13)
(5)
(20)
(20)
(29)
(30)
(25)
(24)
(18)
(59)
(46)
(47)
(46)
(4)
(3)
(87)
(20)
(21)
(21)
(11)
(7)
(5)
(16)
(20)
(19)
(24)
Operating Income
68
N/A
40
-41%
32
-20%
39
+20%
51
+31%
91
+79%
116
+28%
130
+11%
150
+16%
146
-3%
143
-2%
153
+7%
152
0%
179
+17%
204
+14%
213
+4%
253
+19%
276
+9%
283
+2%
331
+17%
314
-5%
312
-1%
342
+9%
342
0%
330
-3%
364
+10%
329
-10%
382
+16%
447
+17%
365
-18%
324
-11%
200
-38%
113
-44%
166
+47%
172
+3%
183
+7%
201
+10%
167
-17%
276
+65%
344
+25%
353
+3%
364
+3%
252
-31%
172
-32%
177
+3%
218
+23%
282
+29%
453
+61%
556
+23%
686
+23%
840
+22%
834
-1%
742
-11%
410
-45%
141
-66%
(166)
N/A
(434)
-161%
(528)
-22%
(622)
-18%
(559)
+10%
(409)
+27%
(197)
+52%
(115)
+42%
(61)
+47%
10
N/A
83
+754%
210
+154%
291
+38%
298
+2%
209
-30%
153
-27%
80
-48%
61
-25%
26
-57%
(148)
N/A
(183)
-24%
(215)
-17%
(35)
+84%
300
N/A
675
+125%
1 146
+70%
1 524
+33%
1 947
+28%
2 089
+7%
1 961
-6%
1 587
-19%
1 237
-22%
1 022
-17%
919
-10%
905
-2%
974
+8%
948
-3%
1 026
+8%
1 112
+8%
1 062
-5%
1 018
-4%
Pre-Tax Income
Interest Income Expense
(2)
(2)
(2)
(3)
(4)
(6)
(7)
(8)
(8)
(7)
(8)
(6)
(7)
(9)
(8)
(10)
(10)
(9)
(12)
(13)
(16)
(24)
(23)
(21)
(30)
(28)
(29)
(31)
(16)
(11)
(24)
(33)
(49)
(41)
(26)
(26)
(33)
(132)
(99)
33
(9)
73
129
(64)
(8)
(41)
(63)
(53)
(87)
(159)
(375)
(143)
485
726
766
778
281
142
56
(142)
(409)
(325)
(117)
(222)
(206)
(324)
(440)
(532)
1
(164)
(18)
258
(257)
462
215
49
(2)
(891)
(1 093)
(1 238)
(1 062)
(1 135)
(865)
(500)
(494)
(8)
122
(87)
(4)
(85)
(78)
70
(59)
(77)
(38)
(88)
Non-Reccuring Items
(4)
(5)
(5)
(4)
(5)
(3)
(3)
(5)
3
(4)
(5)
(3)
(0)
(3)
(3)
(3)
(6)
(6)
(6)
(11)
(5)
(11)
(11)
(6)
(5)
52
45
39
(287)
(502)
(513)
(524)
(223)
57
81
102
147
49
73
213
(6)
(26)
(128)
(280)
(252)
(275)
(234)
(241)
(191)
(172)
(137)
(142)
(160)
(263)
(228)
(268)
(570)
(793)
(779)
(708)
(382)
(19)
(237)
(249)
(147)
195
390
357
350
(36)
(76)
(47)
(33)
(1 004)
(774)
(751)
(736)
233
3
(22)
(37)
(29)
(90)
(83)
(75)
0
(2)
(1)
0
0
0
0
(0)
0
0
0
Total Other Income
1
0
1
1
1
1
1
1
1
1
1
1
1
1
0
0
1
1
2
2
2
1
1
1
1
1
1
1
1
0
0
0
0
0
0
0
0
0
1
0
1
0
0
0
0
0
0
0
0
0
0
0
(3)
1
1
1
1
1
1
1
(2)
0
1
2
(1)
(0)
1
1
3
2
0
(1)
(2)
(2)
(2)
(3)
(4)
(4)
(5)
(3)
(0)
(1)
0
1
4
9
14
12
(1)
4
(0)
(1)
(0)
(0)
(0)
0
Pre-Tax Income
62
N/A
34
-46%
27
-21%
33
+24%
43
+29%
84
+96%
108
+29%
118
+10%
146
+23%
136
-7%
132
-3%
144
+10%
146
+2%
168
+15%
193
+15%
200
+4%
238
+19%
263
+10%
266
+1%
309
+16%
295
-4%
279
-6%
309
+11%
316
+2%
296
-6%
388
+31%
344
-11%
390
+13%
145
-63%
(148)
N/A
(212)
-44%
(357)
-68%
(160)
+55%
183
N/A
227
+24%
259
+14%
315
+22%
84
-73%
251
+198%
590
+135%
339
-43%
411
+21%
253
-38%
(172)
N/A
(84)
+51%
(98)
-18%
(15)
+84%
159
N/A
279
+76%
356
+28%
329
-8%
550
+67%
1 065
+94%
874
-18%
680
-22%
345
-49%
(723)
N/A
(1 178)
-63%
(1 345)
-14%
(1 408)
-5%
(1 202)
+15%
(541)
+55%
(467)
+14%
(531)
-14%
(344)
+35%
(46)
+87%
161
N/A
117
-28%
652
+459%
12
-98%
60
+404%
291
+388%
(231)
N/A
(518)
-124%
(708)
-37%
(888)
-25%
(957)
-8%
(697)
+27%
(794)
-14%
(587)
+26%
46
N/A
359
+677%
992
+176%
1 507
+52%
1 396
-7%
1 588
+14%
1 370
-14%
946
-31%
914
-3%
823
-10%
895
+9%
1 017
+14%
966
-5%
1 035
+7%
1 024
-1%
930
-9%
Net Income
Tax Provision
(22)
(11)
(8)
(11)
(15)
(31)
(41)
(46)
(56)
(52)
(50)
(54)
(54)
(61)
(70)
(73)
(86)
(95)
(97)
(111)
(105)
(99)
(111)
(115)
(109)
(143)
(126)
(143)
(57)
52
76
129
60
(69)
(86)
(98)
(118)
(32)
(93)
(217)
(124)
(150)
(92)
64
29
35
3
(62)
(108)
(136)
(126)
(208)
(399)
(326)
(250)
(121)
275
437
492
511
444
205
180
196
119
65
(5)
(8)
(143)
2
(13)
(66)
44
97
147
186
192
93
57
34
(10)
(23)
(110)
(229)
(284)
(327)
(282)
(117)
(96)
(73)
(84)
(187)
(196)
(214)
(211)
(203)
Income from Continuing Operations
41
22
19
22
28
53
66
73
90
84
82
91
93
106
123
127
152
167
169
198
190
180
199
200
187
245
218
247
87
(95)
(136)
(227)
(99)
115
141
161
197
52
159
373
215
260
161
(108)
(54)
(64)
(12)
97
171
220
203
341
666
547
430
224
(448)
(742)
(853)
(897)
(758)
(336)
(287)
(336)
(225)
19
156
109
508
13
47
225
(187)
(421)
(561)
(702)
(765)
(604)
(738)
(554)
36
336
883
1 278
1 112
1 262
1 088
829
818
751
811
829
770
821
813
727
Net Income (Common)
41
N/A
22
-45%
19
-16%
22
+15%
28
+28%
58
+111%
72
+24%
78
+8%
96
+23%
84
-12%
82
-3%
91
+11%
93
+2%
106
+15%
123
+16%
127
+4%
152
+19%
167
+10%
169
+1%
198
+17%
190
-4%
180
-6%
199
+11%
200
+1%
187
-7%
245
+31%
218
-11%
247
+13%
87
-65%
(95)
N/A
(136)
-43%
(227)
-67%
(99)
+56%
115
N/A
141
+23%
161
+14%
197
+22%
52
-73%
159
+204%
373
+135%
215
-42%
260
+21%
161
-38%
(108)
N/A
(54)
+50%
(64)
-18%
(12)
+81%
97
N/A
171
+77%
220
+29%
203
-8%
341
+68%
666
+95%
547
-18%
430
-21%
224
-48%
(448)
N/A
(742)
-66%
(853)
-15%
(897)
-5%
(758)
+16%
(336)
+56%
(287)
+15%
(336)
-17%
(161)
+52%
82
N/A
219
+167%
172
-21%
508
+195%
13
-97%
47
+248%
225
+382%
(187)
N/A
(421)
-125%
(561)
-33%
(702)
-25%
(765)
-9%
(604)
+21%
(738)
-22%
(554)
+25%
36
N/A
336
+828%
883
+163%
1 278
+45%
1 112
-13%
1 262
+13%
1 088
-14%
829
-24%
818
-1%
751
-8%
811
+8%
829
+2%
770
-7%
821
+7%
813
-1%
727
-11%
EPS (Diluted)
0.71
N/A
0.4
-44%
0.34
-15%
0.38
+12%
0.49
+29%
0.85
+73%
1.01
+19%
1.09
+8%
1.34
+23%
1.25
-7%
1.24
-1%
1.36
+10%
1.38
+1%
1.58
+14%
1.83
+16%
1.9
+4%
2.27
+19%
2.48
+9%
2.52
+2%
3.03
+20%
2.87
-5%
2.76
-4%
3.05
+11%
3.09
+1%
2.89
-6%
3.82
+32%
3.47
-9%
3.74
+8%
1.38
-63%
-1.52
N/A
-2.17
-43%
-3.6
-66%
-1.59
+56%
1.78
N/A
2.19
+23%
2.5
+14%
3.04
+22%
0.82
-73%
2.38
+190%
5.55
+133%
3.19
-43%
3.83
+20%
2.37
-38%
-1.64
N/A
-0.83
+49%
-0.94
-13%
-0.17
+82%
1.4
N/A
2.51
+79%
3.23
+29%
2.98
-8%
4.99
+67%
9.79
+96%
8.1
-17%
6.37
-21%
3.29
-48%
-6.61
N/A
-10.91
-65%
-12.54
-15%
-11.42
+9%
-9.9
+13%
-3.01
+70%
-2.58
+14%
-3
-16%
-1.44
+52%
0.72
N/A
1.92
+167%
1.53
-20%
4.48
+193%
0.1
-98%
0.4
+300%
1.98
+395%
-1.66
N/A
-3.72
-124%
-4.96
-33%
-6.13
-24%
-6.72
-10%
-5.28
+21%
-6.23
-18%
-4.47
+28%
0.29
N/A
2.7
+831%
7.1
+163%
10.28
+45%
8.96
-13%
10.31
+15%
9.06
-12%
7.01
-23%
6.86
-2%
6.44
-6%
7
+9%
7.21
+3%
6.67
-7%
7.13
+7%
7.07
-1%
6.33
-10%

See Also

Summary
SM intrinsic value, competitors valuation, and company profile.
DCF Valuation
SM stock valuation using Discount Cash Flow valuation method.
Relative Valuation
SM stock valuation using valuation multiples.
Wall Street Estimates
SM price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
SM stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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