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SM Energy SM Gain (Loss) on Derivative Instruments, Net, Pretax

Gain (Loss) on Derivative Instruments, Net, Pretax at other companies

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-$40M

Segments

By segment

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E&P Segment$272M+249%

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$6.88B+123%
P/E6.9×+3.1×
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:GainLossOnDerivativeInstrumentsNetPretax.

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
Depletion, depreciation, and amortization5922931,024563
Exploration21154727
General and administrative794225381
Net derivative (gain) loss(272)(78)425(61)
Other operating expense282487
Total operating expenses1,0044982,7811,066
Income from operations1,4962951,198571
Interest expense(111)(43)(224)(87)

Item 1. Financial Statements (unaudited)

FAQ

What is SM Energy's gain (loss) on derivative instruments, net, pretax?
SM Energy (SM) reported gain (loss) on derivative instruments, net, pretax of $272M in Q2 2026.
How has SM Energy's gain (loss) on derivative instruments, net, pretax changed year-over-year?
SM Energy's gain (loss) on derivative instruments, net, pretax increased by 248.7% year-over-year, from $78M to $272M.
What is the long-term trend for SM Energy's gain (loss) on derivative instruments, net, pretax?
Over 3 years (2021 to 2025), SM Energy's gain (loss) on derivative instruments, net, pretax has grown at a -42.3% compound annual growth rate (CAGR), from -$924.18M to $177.91M.
What does gain (loss) on derivative instruments, net, pretax mean?
This reflects the total unrealized and realized gains or losses resulting from the fair value changes of derivative contracts used to hedge commodity price risk. It captures the impact of market volatility on the company's hedging portfolio before tax considerations. This metric is essential for assessing the effectiveness of risk management strategies against fluctuating energy prices.

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