What is SM Energy's revenue?

SM Energy (SM) generated $3.8B in revenue over the trailing twelve months, up 27.3% year over year.

Is SM Energy profitable?

SM Energy reported $130.7M in net income over the trailing twelve months, a 3.5% net margin.

What are SM Energy's profit margins?

Gross margin is 71.3% and operating margin is 11.2%, with a 3.5% net margin.

What is SM Energy's earnings per share?

SM Energy's diluted EPS over the trailing twelve months is $2.38.

Where does SM Energy's income statement 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 Income 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
Total revenue	$3.79B+27.3%	$3.15B+17.3%	$3.3B+34.9%	$3.13B+28.2%	$2.98B+26.0%
Total cost of revenue	$1.09B+50.1%	$884.93M+38.9%	$892.67M+59.4%	$812.01M+47.6%	$724.63M+29.6%
Gross profit	$2.7B+20.0%	$2.27B+10.5%	$2.41B+27.7%	$2.32B+22.6%	$2.25B+24.9%
Gross margin	71.3%-4.4pp	71.9%-4.4pp	73%-4.1pp	74.1%-3.4pp	75.6%-0.7pp
General and administrative	$295.66M+101%	$160.66M+16.4%	$161.98M+21.8%	$157.81M+24.1%	$146.82M+18.9%
Other operating expenses	-$37.04M-85.2%	-$22.04M-37.7%	-$24.02M-378%	-$19.07M-155%	-$19.99M-68.6%
Total costs & expenses	$3.36B+86.7%	$2.15B+33.4%	$2.2B+63.0%	$1.94B+31.3%	$1.8B+22.8%
Operating income	$425.71M-63.7%	$999.71M-7.1%	$1.1B+0.5%	$1.19B+23.4%	$1.17B+31.4%
Operating margin	11.2%-28.2pp	31.7%-8.3pp	33.5%-11.4pp	37.9%-1.5pp	39.4%+1.6pp
Interest expense	$241.63M+48.1%	$172.63M+22.4%	$176.14M+48.5%	$183.88M+102%	$163.13M+78.4%
Other income (expense), net	$1.03M+205%	$27K+103%	-$423K+57.2%	-$980K-67.8%	-$976K-23.2%
Net investment gains (losses)	-$501.78M—	$178.22M—	——	——	——
Income before income taxes	$188M-81.8%	$830M-14.1%	$929.99M-8.5%	$1.02B+14.3%	$1.03B+25.7%
Income tax expense	$57.27M-73.2%	$182.27M-7.0%	$203.26M+8.6%	$211.18M+151%	$213.93M+195%
Net income	$130.73M-84.1%	$647.73M-15.9%	$726.74M-12.4%	$812.17M+0.1%	$820.8M+9.3%
Net margin	3.5%-24.1pp	20.5%-8.1pp	22%-11.9pp	25.9%-7.3pp	27.6%-4.2pp
Diluted earnings per share	$2.38-66.7%	$5.65-15.4%	$6.34-11.3%	$7.08+2.0%	$7.14+12.1%
Basic earnings per share	$2.38-66.8%	$5.65-15.7%	$6.34-11.7%	$7.09+1.7%	$7.16+11.9%
Weighted-average shares, diluted	544M+17.8%	460M-0.7%	461M-1.1%	460.8M-1.9%	461.7M-2.6%
Weighted-average shares, basic	543.3M+18.4%	459.3M-0.1%	459.3M-0.9%	458.9M-1.7%	459M-2.7%
Exploration Expense	$71.24M+24.1%	$57.24M-10.6%	$55.12M-12.7%	$55.68M-9.1%	$57.42M-2.9%
Other income, net (Note 6)	$1.03M+205%	$27K+103%	-$423K+57.2%	-$980K-67.8%	-$976K-23.2%
Other income, net	-$37.04M-85.2%	-$22.04M-37.7%	-$24.02M-378%	-$19.07M-155%	-$19.99M-68.6%
Results Of Operations Depreciation Depletion Amortization And Accretion	$1.37B+50.0%	$1.21B+49.2%	$1.15B+55.8%	$1.03B+41.8%	$912.81M+30.0%
EBIT	$425.71M-63.7%	$999.71M-7.1%	$1.1B+0.5%	$1.19B+23.4%	$1.17B+31.4%
EBIT	$425.71M-63.7%	$999.71M-7.1%	$1.1B+0.5%	$1.19B+23.4%	$1.17B+31.4%

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Questions, answered.

What is SM Energy's revenue?: SM Energy (SM) generated $3.8B in revenue over the trailing twelve months, up 27.3% year over year.
Is SM Energy profitable?: SM Energy reported $130.7M in net income over the trailing twelve months, a 3.5% net margin.
What are SM Energy's profit margins?: Gross margin is 71.3% and operating margin is 11.2%, with a 3.5% net margin.
What is SM Energy's earnings per share?: SM Energy's diluted EPS over the trailing twelve months is $2.38.
Where does SM Energy's income statement 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.