What is SM Energy's G&A?

SM Energy (SM) reported G&A of $174M in Q1 2026.

How has SM Energy's G&A changed year-over-year?

SM Energy's G&A increased by 346.2% year-over-year, from $39M to $174M.

What is the long-term trend for SM Energy's G&A?

Over 4 years (2021 to 2025), SM Energy's G&A has grown at a 9.5% compound annual growth rate (CAGR), from $111.95M to $160.66M.

Overhead costs not directly tied to production or sales — corporate management, legal, accounting, office rent, insurance, and other administrative functions.

SM Energy SM G&A

G&A at other companies

EOG ResourcesEOG

$185M+8.2%

Devon EnergyDVN

$125M-3.8%

Antero ResourcesAR

$63.34M+1.4%

Range ResourcesRRC

$45.35M+8.8%

Permian ResourcesPR

$43.77M+1.7%

Chord EnergyCHRD

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Segments

By segment

See full

E&P Segment$174M+346%

Other financials

Income statement

See full

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

See full

Cash & equivalents$449.0M+831,381%

Total debt$138.0M+111%

Total equity$6.9B+55.9%

Total assets$19.1B+118%

Cash flow

See full

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

See full

Gross margin71.3%-4.4pp

Operating margin11.2%-28.2pp

Net margin3.5%-24.1pp

FCF margin50.1%+2.8pp

Returns & leverage

See full

Return on equity2.3%-17.9pp

Debt / equity0×0.0×

Current ratio0.4×-0.2×

Where this comes from

Reported directly by SM Energy in its filing.

Tagged under the XBRL concept us-gaap:GeneralAndAdministrativeExpense.

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 G&A?: SM Energy (SM) reported G&A of $174M in Q1 2026.
How has SM Energy's G&A changed year-over-year?: SM Energy's G&A increased by 346.2% year-over-year, from $39M to $174M.
What is the long-term trend for SM Energy's G&A?: Over 4 years (2021 to 2025), SM Energy's G&A has grown at a 9.5% compound annual growth rate (CAGR), from $111.95M to $160.66M.
What does G&A mean?: Overhead costs not directly tied to production or sales — corporate management, legal, accounting, office rent, insurance, and other administrative functions.