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SM Energy

SM

SM Energy Company is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids.

Market cap
$9.08B+188%
Revenue$5.5B+75.4%
Net income$1.0B+23.1%
EPS (diluted)$5.08-28.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Nov 2, 2026 (in a month)
Revenue estimate$1.9B
EPS estimate$1.77

Financials

Q2 2026

Income statement

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Revenue$2.5B+215%
Gross profit$1.9B+242%
Operating income$1.5B+407%
Net income$1.1B+430%
EPS (diluted)$4.46+153%

Balance sheet

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Cash & equivalents$620.0M+509%
Total equity$7.8B+70.2%
Total assets$18.9B+110%

Cash flow

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Operating cash flow$1.1B+93.2%

Valuation & ratios

Valuation

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Market cap$9.08B+188%
P/E9.1×+5.2×
P/S1.7×+0.6×

Profitability

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Gross margin74.2%+0.1pp
Operating margin29.6%-8.3pp
Net margin18.2%-7.7pp

Returns & leverage

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Return on equity16.1%-3.1pp
Current ratio0.6×-0.1×

Segments

By geography

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Midland Basin$1.1B+225%
DJ Basin$579.0M
Uinta Basin$286.0M+23.3%
South Texas$181.0M-14.2%

By product

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Crude Oil$2.0B+210%
Natural Gas Liquids (NGL)$115.0M+113%
Natural Gas$15.0M-80.8%

By segment

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E&P Segment$2.5B+215%

Competitors

Profile

SM Energy Company is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids. The company focuses on creating long-term value through the efficient operation of high-quality assets in premier North American oil and gas basins.

Competitive position

SM Energy is a mid-cap independent producer with a significant footprint in the Midland Basin and South Texas.

GeographiesUnited States, Permian Basin, South Texas
Customer segmentsEnergy marketers, Industrial consumers
Business modelCommodity production, Asset development
SuppliersOilfield service providers, Drilling rig operators, Landowners for mineral rights, Geological data providers
CustomersCrude oil refineries, Natural gas pipeline operators, Petrochemical manufacturers
Listed1992
Employees544.0
CEOElizabeth Anne McDonald
SectorEnergy
FilingsSEC EDGAR

FAQ

What is SM Energy's market cap?
SM Energy (SM) has a market capitalization of $9.1B and trades on NYSE.
What is SM Energy's revenue and profitability?
SM Energy generated $5.5B in trailing twelve-month revenue with net income of $1.0B, representing a net margin of 18.2%. Gross margin stands at 74.2%. The latest reported period is Q2 2026.
Who are SM Energy's competitors?
SM Energy's key competitors include Devon Energy, Diamondback Energy, EOG Resources, and others. These companies compete in similar markets and product categories.
Where is SM Energy headquartered?
SM Energy is headquartered in United States of America and employs approximately 544 people. It has been publicly traded since 1992.