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SM Energy SM Net Derivative Assets/(Liabilities) After Master Netting

Net Derivative Assets/(Liabilities) After Master Netting at other companies

SM Energy logo
SM EnergySM
-$477M-3,686%
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
$10.89B+29.0%
Raymond James Financial logo
Raymond James FinancialRJF
$198M-20.2%
Ally Financial logo
Ally FinancialALLY
$3M-25.0%
Henry Schein logo
Henry ScheinHSIC
-$21M-800%
Jefferies Financial Group logo
Jefferies Financial GroupJEF
$47.2M

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:DerivativeFairValueOfDerivativeNet.

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 net derivative assets/(liabilities) after master netting?
SM Energy (SM) reported net derivative assets/(liabilities) after master netting of -$477M in Q1 2026.
How has SM Energy's net derivative assets/(liabilities) after master netting changed year-over-year?
SM Energy's net derivative assets/(liabilities) after master netting decreased by 3686.5% year-over-year, from $13.3M to -$477M.
What is the long-term trend for SM Energy's net derivative assets/(liabilities) after master netting?
Over 5 years (2020 to 2025), SM Energy's net derivative assets/(liabilities) after master netting has grown at a -12.8% compound annual growth rate (CAGR), from -$168.2M to $85M.
What does net derivative assets/(liabilities) after master netting mean?
This represents the net fair value of derivative financial instruments after applying rights of set-off under master netting arrangements. It reflects the company's net exposure to counterparty credit risk or the net benefit of hedging positions on the balance sheet. Investors use this to assess the net impact of hedging activities on the company's financial position.