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SM Energy SM Q2 2025 earnings

Reported July 31, 2025 · After market close

Revenue$785.1MMiss by $39.1M
EPS$1.50Beat by $0.25
Revenue estimate$824.2M
EPS estimate$1.25

Next report

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

Financials

Q2 2025

Income statement

See full
Revenue$793.0M+25.0%
Gross profit$569.0M+14.3%
Operating income$295.0M+5.6%
Net income$202.0M-3.9%
EPS (diluted)$1.76-3.3%

Balance sheet

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Cash & equivalents$101.9M-79.1%
Total equity$4.6B+19.4%
Total assets$9.0B+35.1%

Cash flow

See full
Operating cash flow$571.0M+19.9%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$2.87B-42.7%
P/E3.5×-2.6×
P/S0.9×-1.1×

Profitability

See full
Gross margin74.1%-3.4pp
Operating margin38%-1.5pp
Net margin25.9%-7.3pp

Returns & leverage

See full
Return on equity19.3%-3.4pp
Current ratio0.7×-0.6×

Segments

By geography

See full
Midland Basin$342.0M—
Uinta Basin$232.0M—
South Texas$211.0M-8.9%
DJ Basin-—

By product

See full
Crude Oil$653.0M+22.6%
Natural Gas$78.0M+72.6%
Natural Gas Liquids (NGL)$54.0M-3.1%

By segment

See full
E&P Segment$793.0M+25.0%

FAQ

When did SM Energy report Q2 2025 earnings?
SM Energy (SM) reported Q2 2025 earnings on July 31, 2025 after market close.
What were SM Energy's Q2 2025 revenue and EPS?
SM Energy reported revenue of $785.1M and eps of $1.50 for Q2 2025.
Did SM Energy beat estimates in Q2 2025?
Revenue missed the consensus estimate of $824.2M by $39.1M. EPS beat the consensus estimate of $1.25 by $0.25.
How did SM Energy's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 23.9% from $633.5M a year earlier and eps declined 18.9% from $1.85.
Where can I find SM Energy's Q2 2025 SEC filings?
You can read the 8-K earnings release (0000893538-25-000111) and the 10-Q periodic report (0000893538-25-000113) directly on SEC EDGAR. The filing index links above go to sec.gov.