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SM Energy SM Revenue and severance tax payable

Revenue and severance tax payable at other companies

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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 sm:AccruedRevenueAndSeveranceTaxPayable.

The official record: SM Energy’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SM Energy's revenue and severance tax payable?
SM Energy (SM) reported revenue and severance tax payable of $221M in Q4 2025.
How has SM Energy's revenue and severance tax payable changed year-over-year?
SM Energy's revenue and severance tax payable decreased by 10.2% year-over-year, from $246M to $221M.
What is the long-term trend for SM Energy's revenue and severance tax payable?
Over 5 years (2020 to 2025), SM Energy's revenue and severance tax payable has grown at a 16.0% compound annual growth rate (CAGR), from $105.23M to $221M.
What does revenue and severance tax payable mean?
This metric represents accrued liabilities related to revenue adjustments and severance taxes owed to governmental authorities based on production volumes. It reflects the company's short-term obligations arising from the extraction of natural resources. Tracking this balance is important for understanding the impact of production-based taxes on working capital and operational cash outflows.