What is SM Energy's gross profit?

SM Energy (SM) reported gross profit of $1.05B in Q1 2026.

How has SM Energy's gross profit changed year-over-year?

SM Energy's gross profit increased by 69.5% year-over-year, from $620M to $1.05B.

What is the long-term trend for SM Energy's gross profit?

Over 4 years (2021 to 2025), SM Energy's gross profit has grown at a 1.7% compound annual growth rate (CAGR), from $2.12B to $2.27B.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

SM Energy SM Gross Profit

Gross Profit at other companies

ConocoPhillipsCOP

$9.48B-8.2%

EQT CorporationEQT

$2.98B+119%

ChevronCVX

$20.34B+7.1%

Energy TransferET

$6.62B+21.5%

Chord EnergyCHRD

——

Range ResourcesRRC

——

Other financials

Income statement

See full

Revenue$1.5B+75.0%

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

See full

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

Calculated from SM Energy’s reported figures.

$1.5Btotal revenue−$428.0Mtotal cost of revenue=$1.05B

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

Ask your AI about SM Energy's gross profit.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is SM Energy's gross profit?: SM Energy (SM) reported gross profit of $1.05B in Q1 2026.
How has SM Energy's gross profit changed year-over-year?: SM Energy's gross profit increased by 69.5% year-over-year, from $620M to $1.05B.
What is the long-term trend for SM Energy's gross profit?: Over 4 years (2021 to 2025), SM Energy's gross profit has grown at a 1.7% compound annual growth rate (CAGR), from $2.12B to $2.27B.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.