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SM Energy SM Net Income

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Segments

By segment

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E&P Segment$1.07B+430%

Other financials

Income statement

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Revenue$2.5B+215%
Gross profit$1.9B+242%
Operating income$1.5B+407%
Net income$1.1B+430%
EPS (diluted)$4.46+153%

Balance sheet

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Cash & equivalents$620.0M+509%
Total debt$138.0M+111%
Total equity$7.8B+70.2%
Total assets$18.9B+110%

Cash flow

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Operating cash flow$1.1B+93.2%
CapEx$12.8M
Free cash flow$500.6M+43.7%

Valuation

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Market cap$6.96B+126%
P/E+3.2×
P/S1.3×+0.3×

Profitability

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Gross margin74.2%+0.1pp
Operating margin29.6%-8.3pp
Net margin18.2%-7.7pp
FCF margin50.1%+2.8pp

Returns & leverage

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Return on equity16.1%-3.1pp
Debt / equity0.0×
Current ratio0.6×-0.1×

Where this comes from

Reported directly by SM Energy in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The source filing: SM Energy’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 8:55 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000893538-26-000121
Line itemFor the Three Months Ended June 30, 2026For the Three Months Ended June 30, 2025For the Six Months Ended June 30, 2026For the Six Months Ended June 30, 2025
Other non-operating income, net45
Income before income taxes1,389253979485
Income tax expense(318)(51)(243)(101)
Net income$1,071$202$736$384
Basic weighted-average common shares outstanding239115219115
Diluted weighted-average common shares outstanding240115220115
Basic net income per common share$4.48$1.76$3.35$3.35
Diluted net income per common share$4.46$1.76$3.34$3.34

Item 1. Financial Statements (unaudited)

FAQ

What is SM Energy's net income?
SM Energy (SM) reported net income of $1.07B in Q2 2026.
How has SM Energy's net income changed year-over-year?
SM Energy's net income increased by 430.2% year-over-year, from $202M to $1.07B.
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 105.7% compound annual growth rate (CAGR), from $36.23M to $648.07M.
What does net income mean?
Net income as the starting point for the indirect method operating cash flow reconciliation.

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