What is SM Energy's net income?

SM Energy (SM) reported net income of -$335M in Q1 2026.

How has SM Energy's net income changed year-over-year?

SM Energy's net income decreased by 284.1% year-over-year, from $182M to -$335M.

What is the long-term trend for SM Energy's net income?

Over 4 years (2021 to 2025), SM Energy's net income has grown at a 105.6% compound annual growth rate (CAGR), from $36.23M to $647.73M.

What does net income mean?

The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

SM Energy SM Net Income

Net Income at other companies

EOG ResourcesEOG

$1.98B+35.3%

Devon EnergyDVN

$120M-75.7%

FAN

Diamondback EnergyFANG

$25M-98.2%

Antero ResourcesAR

$548.21M+150%

Range ResourcesRRC

$341.63M+252%

Chord EnergyCHRD

——

Segments

By segment

See full

E&P Segment-$335M-284%

Other financials

Income statement

See full

Revenue$1.5B+75.0%

Gross profit$1.1B+69.5%

Operating income-$298.0M-208%

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:NetIncomeLoss.

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 income?: SM Energy (SM) reported net income of -$335M in Q1 2026.
How has SM Energy's net income changed year-over-year?: SM Energy's net income decreased by 284.1% year-over-year, from $182M to -$335M.
What is the long-term trend for SM Energy's net income?: Over 4 years (2021 to 2025), SM Energy's net income has grown at a 105.6% compound annual growth rate (CAGR), from $36.23M to $647.73M.
What does net income mean?: The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.