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SM Energy SM Depletion, depreciation, and amortization

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Segments

By segment

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E&P Segment$432M+60.0%

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:ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion.

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 depletion, depreciation, and amortization?
SM Energy (SM) reported depletion, depreciation, and amortization of $432M in Q1 2026.
How has SM Energy's depletion, depreciation, and amortization changed year-over-year?
SM Energy's depletion, depreciation, and amortization increased by 60.0% year-over-year, from $270M to $432M.
What is the long-term trend for SM Energy's depletion, depreciation, and amortization?
Over 4 years (2021 to 2025), SM Energy's depletion, depreciation, and amortization has grown at a 11.7% compound annual growth rate (CAGR), from $774.39M to $1.21B.
What does depletion, depreciation, and amortization mean?
This represents the non-cash expense allocated to the systematic reduction of the book value of tangible and intangible oil and gas assets over their estimated useful lives. It reflects the consumption of capital investments in reserves and infrastructure as production occurs. Investors use this to understand the capital intensity of the company's extraction operations.