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SM Energy SM Derivative Assets - Net Reduction from Master Netting Arrangements

Derivative Assets - Net Reduction from Master Netting Arrangements at other companies

SM Energy logo
SM EnergySM
$228M+723%
Jefferies Financial Group logo
Jefferies Financial GroupJEF
$1.97B+22.6%
Ally Financial logo
Ally FinancialALLY
$1M
Hubbell logo
HubbellHUBB
$400K-50.0%
EFC
Ellington Financial Inc.EFC
$44.09M-29.2%
Citigroup logo
CitigroupC
$666M+16.2%

Other financials

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 debt$138.0M+111%
Total equity$6.9B+55.9%
Total assets$19.1B+118%

Cash flow

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Operating cash flow$640.0M+32.5%
CapEx$12.8M
Free cash flow$500.6M+43.7%

Valuation

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Market cap$6.51B+117%
P/E49.8×+46.1×
P/S1.7×+0.7×

Profitability

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Gross margin71.3%-4.4pp
Operating margin11.2%-28.2pp
Net margin3.5%-24.1pp
FCF margin50.1%+2.8pp

Returns & leverage

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Return on equity2.3%-17.9pp
Debt / equity0.0×
Current ratio0.4×-0.2×

Where this comes from

Reported directly by SM Energy in its filing.

Tagged under the XBRL concept us-gaap:DerivativeAssetNotOffsetPolicyElectionDeduction.

The official record: SM Energy’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SM Energy's derivative assets - net reduction from master netting arrangements?
SM Energy (SM) reported derivative assets - net reduction from master netting arrangements of $228M in Q1 2026.
How has SM Energy's derivative assets - net reduction from master netting arrangements changed year-over-year?
SM Energy's derivative assets - net reduction from master netting arrangements increased by 722.9% year-over-year, from $27.71M to $228M.
What is the long-term trend for SM Energy's derivative assets - net reduction from master netting arrangements?
Over 5 years (2020 to 2025), SM Energy's derivative assets - net reduction from master netting arrangements has grown at a -40.5% compound annual growth rate (CAGR), from $53.6M to $4M.
What does derivative assets - net reduction from master netting arrangements mean?
This metric quantifies the reduction in gross derivative assets resulting from legally enforceable master netting agreements. It highlights the difference between gross asset exposure and the net amount recognized on the balance sheet. This provides insight into the company's credit risk mitigation strategies regarding its derivative portfolio.