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SM Energy SM Derivative Liabilities Offset

Derivative Liabilities Offset at other companies

SM Energy logo
SM EnergySM
$228M+723%
Ally Financial logo
Ally FinancialALLY
$1M-75.0%
Raymond James Financial logo
Raymond James FinancialRJF
$0
EFC
Ellington Financial Inc.EFC
$44.09M-29.2%
Dow logo
DowDOW
$985M+438%
Jefferies Financial Group logo
Jefferies Financial GroupJEF
$393.9M+37.2%

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:DerivativeLiabilityNotOffsetPolicyElectionDeduction.

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 liabilities offset?
SM Energy (SM) reported derivative liabilities offset of $228M in Q1 2026.
How has SM Energy's derivative liabilities offset changed year-over-year?
SM Energy's derivative liabilities offset increased by 722.9% year-over-year, from $27.71M to $228M.
What is the long-term trend for SM Energy's derivative liabilities offset?
Over 5 years (2020 to 2025), SM Energy's derivative liabilities offset has grown at a -40.5% compound annual growth rate (CAGR), from $53.6M to $4M.
What does derivative liabilities offset mean?
This represents the gross derivative liabilities that have been reduced or offset by rights to reclaim cash or collateral under netting agreements. It serves as a measure of the company's ability to reduce its liability exposure through contractual arrangements. Monitoring this helps investors understand the liquidity impact of derivative obligations.