What are SM Energy's total assets?

SM Energy (SM) holds $19.1B in total assets, up 117.9% year over year.

How much cash does SM Energy have?

SM Energy holds $449.0M in cash and equivalents.

Can SM Energy cover its short-term obligations?

Its current ratio is 0.39 — current liabilities exceed current assets.

Where does SM Energy's balance sheet data come from?

Every line is extracted from SM Energy's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

SM Energy SM Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Cash and cash equivalents	$449M+22.0%	$368M+127%	$162.25M+59.3%	$101.88M+188,561%	$54K—
Derivative assets	$0-100%	$85M+44.8%	$58.71M+12.5%	$52.18M-14.0%	$60.64M+51.6%
Total current assets	$1.67B+106%	$811M+28.1%	$632.96M+10.1%	$575.09M+21.9%	$471.82M+8.5%
Property and equipment, net	$17.1B+108%	$8.2B-0.8%	$8.26B+0.1%	$8.26B+1.2%	$8.16B+2.1%
Deferred tax assets	$315M-56.5%	$724M+4.9%	$690.45M+17.1%	$589.76M+3.5%	$569.55M+28,378%
Other non-current assets	$345M+47.4%	$234M+25.2%	$186.95M+22.6%	$152.51M+1.2%	$150.71M+3.9%
Total noncurrent assets	$372M+55.0%	$240M+25.2%	$191.63M+21.8%	$157.38M+2.0%	$154.24M+3.5%
Total assets	$19.14B+107%	$9.25B+1.8%	$9.09B+1.1%	$8.99B+2.3%	$8.79B+2.5%
Accounts payable	$2.22B+2,784%	$77M-88.6%	$674.16M-15.1%	$794M+3.8%	$764.77M+821%
Accrued expenses	$121M+109%	$58M+77.4%	$32.69M+31.1%	$24.94M+1.7%	$24.53M-46.7%
Deferred revenue	$0—	$0—	$0—	$0—	$0—
Accrued interest	——	——	——	——	——
Derivative liabilities	$477M—	——	——	——	——
Total current liabilities	$4.28B+266%	$1.17B+3.0%	$1.14B+35.5%	$837.95M+1.9%	$822.72M+4.1%
Asset retirement obligations	$477M+6,714%	$7M-95.3%	$150.13M0.0%	$150.1M+1.5%	$147.93M+3,598%
Other non-current liabilities	$461M+352%	$102M+0.4%	$101.54M-0.2%	$101.71M+28.4%	$79.22M+5.6%
Senior unsecured notes, net	$7.98B+194%	$2.71B0.0%	$2.71B+0.1%	$2.71B+0.1%	$2.71B+0.1%
Total noncurrent liabilities	$8B+144%	$3.27B+1.0%	$3.24B-9.1%	$3.57B+0.1%	$3.56B+0.3%
Common stock	400M+100%	200M0.0%	200M0.0%	200M0.0%	200M0.0%
Additional paid-in capital	$3.96B+161%	$1.52B+0.6%	$1.51B-0.6%	$1.52B+0.5%	$1.51B+0.5%
Retained earnings	$2.9B-11.8%	$3.29B+2.7%	$3.21B+4.3%	$3.07B+6.2%	$2.89B+5.8%
Accumulated other comprehensive income (loss)	$1M0.0%	$1M+189%	-$1.12M+1.0%	-$1.14M+1.0%	-$1.15M-14.7%
Total stockholders' equity	$6.87B+42.8%	$4.81B+2.1%	$4.71B+2.7%	$4.59B+4.2%	$4.4B+3.9%
Total liabilities and stockholders' equity	$19.14B+107%	$9.25B+1.8%	$9.09B+1.1%	$8.99B+2.3%	$8.79B+2.5%
Total Cash, Cash Equivalents, and Restricted Cash (Inclusive)	$449M+22.0%	$368M+127%	$162.25M+59.3%	$101.88M—	$0—
Derivatives	$201M+142%	$83M+21.0%	$68.57M-12.7%	$78.5M+29.5%	$60.64M+23.8%
Derivative Assets, Current	$201M+142%	$83M+21.0%	$68.57M-12.7%	$78.5M+29.5%	$60.64M+23.8%
Derivative Assets - Fair Value	$228M+156%	$89M+21.5%	$73.24M-12.2%	$83.38M+29.9%	$64.17M+23.4%
Derivative Assets - Net Reduction from Master Netting Arrangements	$228M+5,600%	$4M-72.5%	$14.53M-53.4%	$31.2M+12.6%	$27.71M+113%
Net Derivative Assets/(Liabilities) After Master Netting	-$477M-661%	$85M+45.3%	$58.5M+12.7%	$51.9M+290%	$13.3M-65.0%
Deferred Tax Assets and Other Non-Current Assets	$345M+17,150%	$2M-98.9%	$186.95M+22.6%	$152.51M+1.2%	$150.71M+4,924%
Derivative Assets, Non-Current	$27M+350%	$6M+28.3%	$4.68M-4.0%	$4.87M+37.9%	$3.53M-11.7%
Disposal Group - Property, Plant, and Equipment (Non-Current)	——	——	——	——	——
Deferred Tax Assets - Tax Credit Carryforwards	——	——	——	——	——
Net Operating Loss Carryforwards	——	——	——	——	——
Oil and Gas, Successful Efforts Method, Property and Equipment, Accumulated Depreciation, Depletion, and Amortization	$7.89B-10.3%	$8.79B+3.7%	$8.48B+3.9%	$8.16B+3.7%	$7.87B+3.5%
Other non-current assets	$345M+47.4%	$234M+25.2%	$186.95M+22.6%	$152.51M+1.2%	$150.71M+3.9%
Property Plant And Equipment Other Accumulated Depreciation	$65M+3.2%	$63M-2.6%	$64.66M+1.5%	$63.69M+1.6%	$62.71M+1.1%
Proved properties	$22.28B+39.1%	$16.01B+2.3%	$15.65B+1.8%	$15.38B+4.7%	$14.69B+2.7%
Unproved properties	$1.08B+134%	$460M-22.4%	$592.49M+0.4%	$589.84M-22.4%	$760.13M-0.6%
Wells in progress	$835M+82.3%	$458M+7.8%	$424.89M+7.4%	$395.53M-26.4%	$537.46M+11.5%
Software and Technology Licenses, Net	$345M+47.4%	$234M+25.2%	$186.95M+22.6%	$152.51M+1.2%	$150.71M+3.9%
Capitalized Exploratory Well Costs	——	——	——	——	——
Tax Credit Carryforward Valuation Allowance	——	——	——	——	——
Accrued Manufacturing Costs	——	——	——	——	——
Other Commercial Liabilities	——	——	——	——	——
Accounts payable and other current liabilities (Note 11)	$2.22B+222%	$690M+2.4%	$674.16M-15.1%	$794M+3.8%	$764.77M+0.6%
Accrued Liabilities, Current	——	——	——	——	——
Derivative Liability, Current	$703M+35,050%	$2M-79.8%	$9.89M-48.0%	$19M-43.1%	$33.42M+377%
Compensation and benefits	——	——	——	——	——
Other accrued liabilities	$121M+109%	$58M+77.4%	$32.69M+31.1%	$24.94M+1.7%	$24.53M+11.5%
Senior Notes Current	——	——	——	——	——
Derivative Liabilities - Fair Value	$477M—	$0-100%	$206K-28.0%	$286K-99.1%	$33.42M+3,242%
Derivative Liabilities - Not Offset Policy Election Deduction	$228M+5,600%	$4M-72.5%	$14.53M-53.4%	$31.2M+12.6%	$27.71M+113%
Derivative Liabilities Offset	$228M+5,600%	$4M-72.5%	$14.53M-53.4%	$31.2M+12.6%	$27.71M+113%
Lease Liability Payments - 2021	——	——	——	——	——
Lease Liability Payments - 2022	——	——	——	——	——
Line of Credit Outstanding	$0—	$0—	$0—	$0-100%	$37.5M-45.7%
Restructuring Reserve	——	——	——	——	——
Debt Maturity - 1 to 5 Years	——	——	——	——	——
Debt Maturity - 2024	——	——	——	——	——
Debt Maturity - 2025	——	——	——	——	——
Debt Maturity - 2027	——	——	——	——	——
Derivative Liabilities (Non-Current)	$2M0.0%	$2M-58.8%	$4.85M-61.1%	$12.48M-28.4%	$17.42M+149%
Unrecognized Tax Benefits - Impacting Effective Tax Rate	——	——	——	——	——
AOCI - Defined Benefit Plan Net Gains/Losses	——	——	——	——	——
Common Stock Par Value Per Share	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Common Stock Shares Issued	239.7M+109%	114.6M+0.1%	114.6M-0.1%	114.6M+0.2%	114.5M0.0%
Additional paid-in capital	$3.96B+161%	$1.52B+0.6%	$1.51B-0.6%	$1.52B+0.5%	$1.51B+0.5%
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$2M+100%	$1M-12.7%	$1.15M0.0%	$1.15M+0.1%	$1.15M+14.5%
Share Repurchase Authorization Limit	$488M0.0%	$488M0.0%	$487.9M-2.4%	$500M0.0%	$500M0.0%
Share Repurchase Program - Amount Remaining	$488M0.0%	$488M0.0%	$487.9M-2.4%	$500M0.0%	$500M0.0%
Defined Benefit Plan Discount Rate	——	——	——	——	——
Defined Benefit Plan Weighted Average Asset Allocation	——	——	——	——	——
Expected Pension Contributions	——	——	——	——	——
Fair Value Measurement Disclosure	$705M+17,525%	$4M-72.9%	$14.74M-53.2%	$31.48M-38.1%	$50.84M+263%
Gross Assets/Liabilities	$705M+17,525%	$4M-72.9%	$14.74M-53.2%	$31.48M-38.1%	$50.84M+263%
Revenue and severance tax payable	——	——	——	——	——
Asset Retirement Obligation	——	——	——	——	——
Capitalized Exploratory Well Costs that Have Been Capitalized for Period Greater than One Year	——	——	——	——	——
Cash and cash equivalents, end of period	$449M+22.0%	$368M+127%	$162.25M+59.3%	$101.88M—	$0—
Common Stock, Dividends, Annual Rate Per Share	——	——	——	——	——
Common Stock, Dividends, Quarterly Rate Per Share	——	——	——	——	——
Common stock, par value (in dollars per share)	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Common stock, shares authorized (in shares)	$400M+100%	$200M0.0%	$200M0.0%	$200M0.0%	$200M0.0%
Common stock, shares issued (in shares)	$239.7M+109%	$114.63M+0.1%	$114.55M-0.1%	$114.63M+0.2%	$114.46M0.0%
Common Stock, Shares, Outstanding	$239.7M+109%	$114.63M+0.1%	$114.55M-0.1%	$114.63M+0.2%	$114.46M0.0%
Other Contractual Commitments	——	——	——	——	——
Contractual Obligation, to be Paid, Year Four	——	——	——	——	——
Contractual Obligation, to be Paid, Year Two	——	——	——	——	——
Contractual Obligation, to be Paid, Year Three	——	——	——	——	——
Deferred Tax Liabilities, Gross	——	——	——	——	——
Deferred income taxes	$315M-56.5%	$724M+4.9%	$690.45M+17.1%	$589.76M+3.5%	$569.55M+4.5%
Deferred Tax Assets, Gross	——	——	——	——	——
Deferred tax assets, lease liabilities	——	——	——	——	——
Deferred Tax Assets, Net of Valuation Allowance	——	——	——	——	——
Deferred Tax Assets, Operating Loss Carryforwards	——	——	——	——	——
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-Based Compensation Cost	——	——	——	——	——
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Legal Settlements	——	——	——	——	——
Deferred Tax Assets, Valuation Allowance	——	——	——	——	——
Deferred Tax Liabilities, Net	——	——	——	——	——
Deferred Tax Liabilities, Other	——	——	——	——	——
Deferred Tax Liabilities, Property, Plant and Equipment	——	——	——	——	——
Salary scale, pension benefit obligation	——	——	——	——	——
2030	——	——	——	——	——
2026	——	——	——	——	——
2028	——	——	——	——	——
2031 — 2035	——	——	——	——	——
2029	——	——	——	——	——
2027	——	——	——	——	——
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year	——	——	——	——	——
Derivatives	$27M+350%	$6M+28.3%	$4.68M-4.0%	$4.87M+37.9%	$3.53M-11.7%
Derivative, gross, assets	$228M+156%	$89M+21.5%	$73.24M-12.2%	$83.38M+29.9%	$64.17M+23.4%
Derivative Asset, Including Not Subject to Master Netting Arrangement, after Offset and Deduction	$0—	——	——	——	——
Derivatives, gross, liabilities	$705M+17,525%	$4M-72.9%	$14.74M-53.2%	$31.48M-38.1%	$50.84M+263%
Derivative Liability, Including Not Subject to Master Netting Arrangement, after Offset and Deduction	$477M—	——	——	——	——
Net fair value	-$477M-661%	$85M+45.3%	$58.5M+12.7%	$51.9M+290%	$13.3M-65.0%
Derivative Liability, Noncurrent	$2M0.0%	$2M-58.8%	$4.85M-61.1%	$12.48M-28.4%	$17.42M+149%
Potential reduction in net position of total derivative liabilities	$228M+5,600%	$4M-72.5%	$14.53M-53.4%	$31.2M+12.6%	$27.71M+113%
Property, plant and equipment — net	——	——	——	——	——
Secured lines of credit	$0—	$0—	$0—	$0-100%	$37.5M-45.7%
Other accrued liabilities	——	——	——	——	——
Percentage of proved property secured for credit facility borrowing	85%0.0%	85%0.0%	85%0.0%	85%0.0%	85%0.0%
Property Plant And Equipment Other Net	$133M+105%	$65M-9.3%	$71.67M+31.4%	$54.53M+21.0%	$45.06M-6.1%
Restructuring Reserve	——	——	——	——	——
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied	$0—	$0—	$0—	$0—	$0—
Senior Long Term Notes	$6.74B+194%	$2.3B+0.1%	$2.29B-15.4%	$2.71B+0.1%	$2.71B+0.1%
Share Repurchase Program, Remaining Authorized, Amount	$488M0.0%	$488M0.0%	$487.9M-2.4%	$500M0.0%	$500M0.0%
Aggregate undiscounted deficiency payments upon potential failure to deliver product	——	——	——	——	——
Unproved oil and gas properties, valuation allowance	$12M0.0%	$12M-2.7%	$12.33M-53.8%	$26.68M-18.4%	$32.68M-1.0%
Amount that if recognized, would affect the effective tax rate or regulatory liability	——	——	——	——	——
Purchase Obligation	——	——	——	——	——
Unrecorded Unconditional Purchase Obligation - Due After Year Five	——	——	——	——	——
Unrecorded Unconditional Purchase Obligation - Due Year Five	——	——	——	——	——

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Questions, answered.

What are SM Energy's total assets?: SM Energy (SM) holds $19.1B in total assets, up 117.9% year over year.
How much cash does SM Energy have?: SM Energy holds $449.0M in cash and equivalents.
Can SM Energy cover its short-term obligations?: Its current ratio is 0.39 — current liabilities exceed current assets.
Where does SM Energy's balance sheet data come from?: Every line is extracted from SM Energy's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.