Skip to content
OpenCapital
Get started

SM Energy SM Q4 2025 Annual earnings

Reported February 25, 2026 · After market close

Revenue$705.0MMiss by $59.6M
EPS$0.83Beat by $0.00
Revenue estimate$764.6M
EPS estimate$0.83

Next report

Aug 5, 2026 (In 6 days)
Revenue estimate$2.0B
EPS estimate$1.93

Financials

Q4 2025

Income statement

See full
Revenue$704.9M-17.3%
Gross profit$498.0M-21.9%
Operating income$182.3M-36.5%
Net income$109.0M-42.0%
EPS (diluted)$0.95-42.1%

Balance sheet

See full
Cash & equivalents$368.0M—
Total debt$138.0M+111%
Total equity$4.8B+13.5%
Total assets$9.3B+7.9%

Cash flow

See full
Operating cash flow$451.9M-21.9%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$2.14B-51.7%
Enterprise value$1.91B-57.5%
P/E3.3×-2.5×
P/S0.7×-1.0×

Profitability

See full
Gross margin71.9%-4.4pp
Operating margin31.7%-8.3pp
Net margin20.5%-8.1pp

Returns & leverage

See full
Return on equity14.3%-5.3pp
Debt / equity0×0.0×
Current ratio0.7×+0.1×

Segments

By product

See full
Crude Oil$580.0M—
Natural Gas$70.7M—
Natural Gas Liquids (NGL)$51.5M—

By geography

See full
South Texas$211.5M-13.9%
Uinta Basin$197.7M-3.1%

By segment

See full
E&P Segment$704.9M-17.3%

Versus estimates

Revenue

Q1 2026$1.5BBeat by $60.8M
Q4 2025$705.0MMiss by $59.6M
Q3 2025$811.0MMiss by $22.7MQ2 2025$785.1MMiss by $39.1MQ1 2025$839.6MBeat by $60.7MQ4 2024$835.9MMiss by $13.6M

Diluted EPS

Q1 2026$1.55Beat by $0.42
Q4 2025$0.83Beat by $0.00
Q3 2025$1.33Beat by $0.08Q2 2025$1.50Beat by $0.25Q1 2025$1.76Beat by $0.14Q4 2024$1.91Miss by $0.09

Ask the moment SM Energy reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

When did SM Energy report Q4 2025 earnings?
SM Energy (SM) reported Q4 2025 earnings on February 25, 2026 after market close.
What were SM Energy's Q4 2025 revenue and EPS?
SM Energy reported revenue of $705.0M and eps of $0.83 for Q4 2025.
Did SM Energy beat estimates in Q4 2025?
Revenue missed the consensus estimate of $764.6M by $59.6M. EPS beat the consensus estimate of $0.83 by $0.00.
How did SM Energy's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 15.7% from $835.9M a year earlier and eps declined 56.5% from $1.91.
Where can I find SM Energy's Q4 2025 SEC filings?
You can read the 8-K earnings release (0000893538-26-000029) and the 10-K periodic report (0000893538-26-000032) directly on SEC EDGAR. The filing index links above go to sec.gov.