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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
$7.26B+129%
Revenue$3.8B+27.3%
Net income$130.7M-84.1%
EPS (diluted)$2.38-66.7%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$2.0B
EPS estimate$1.93

Financials

Q1 2026

Income statement

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Revenue$1.5B+75.0%
Gross profit$1.1B+69.5%
Operating income-$298.0M-208%
Net income-$335.0M-284%
EPS (diluted)-$1.68-206%

Balance sheet

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Cash & equivalents$449.0M+831,381%
Total equity$6.9B+55.9%
Total assets$19.1B+118%

Cash flow

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Operating cash flow$640.0M+32.5%

Valuation & ratios

Valuation

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Market cap$7.26B+129%
P/E55.6×+51.5×
P/S1.9×+0.9×

Profitability

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Gross margin71.3%-4.4pp
Operating margin11.2%-28.2pp
Net margin3.5%-24.1pp

Returns & leverage

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Return on equity2.3%-17.9pp
Current ratio0.4×-0.2×

Segments

By geography

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Midland Basin$729.0M
DJ Basin$342.0M
Uinta Basin$206.0M-3.7%
South Texas$200.0M-14.2%

By product

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Crude Oil$1.3B
Natural Gas$124.0M
Natural Gas Liquids (NGL)$91.0M

By segment

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E&P Segment$1.5B+75.0%

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

Questions, answered.

What is SM Energy's market cap?
SM Energy (SM) has a market capitalization of $7.3B and trades on NYSE.
What is SM Energy's revenue and profitability?
SM Energy generated $3.8B in trailing twelve-month revenue with net income of $130.7M, representing a net margin of 3.5%. Gross margin stands at 71.3%. These figures are based on the Q1 2026 filing.
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.