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SM Energy SM Proved properties

Proved properties at other companies

Antero Resources logo
Antero ResourcesAR
$16.94B+17.3%
Permian Resources logo
Permian ResourcesPR
$22.09B+16.1%
Chord Energy logo
Chord EnergyCHRD

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:ProvedOilAndGasPropertySuccessfulEffortMethod.

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 proved properties?
SM Energy (SM) reported proved properties of $22.28B in Q1 2026.
How has SM Energy's proved properties changed year-over-year?
SM Energy's proved properties increased by 51.7% year-over-year, from $14.69B to $22.28B.
What is the long-term trend for SM Energy's proved properties?
Over 5 years (2020 to 2025), SM Energy's proved properties has grown at a 13.2% compound annual growth rate (CAGR), from $8.61B to $16.01B.
What does proved properties mean?
This represents the capitalized costs of oil and gas properties that have been proven to contain reserves through successful exploration and development activities. It serves as a primary indicator of the company's core asset base and long-term production potential. Investors use this to assess the scale and quality of the company's resource portfolio.