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SM Energy SM Acquisitions

Acquisitions at other companies

Chord Energy logo
Chord EnergyCHRD
$3.7M-55.5%
Diversified Energy logo
Diversified EnergyDEC
$0
Ring Energy logo
Ring EnergyREI
$18.51M

Other financials

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 debt$138.0M+111%
Total equity$7.8B+70.2%
Total assets$18.9B+110%

Cash flow

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Operating cash flow$1.1B+93.2%
CapEx$12.8M
Free cash flow$500.6M+43.7%

Valuation

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Market cap$6.96B+126%
P/E+3.2×
P/S1.3×+0.3×

Profitability

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Gross margin74.2%+0.1pp
Operating margin29.6%-8.3pp
Net margin18.2%-7.7pp
FCF margin50.1%+2.8pp

Returns & leverage

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Return on equity16.1%-3.1pp
Debt / equity0.0×
Current ratio0.6×-0.1×

Where this comes from

Reported directly by SM Energy in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The source filing: SM Energy’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 8:55 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000893538-26-000061
Line itemFor the Three Months Ended March 31, 2026For the Three Months Ended March 31, 2025
Net cash provided by operating activities640483
Cash flows from investing activities:
Capital expenditures(555)(414)
Acquisition of business, net of cash acquired(49)
Other(24)(15)
Net cash used in investing activities(628)(429)
Cash flows from financing activities:
Proceeds from revolving credit facility15857

Item 1. Financial Statements (unaudited)

FAQ

What is SM Energy's acquisitions?
SM Energy (SM) reported acquisitions of $49M in Q1 2026.
What does acquisitions mean?
Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

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