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SM Energy SM Asset Retirement Obligation

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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$6.87B+133%
P/E6.9×+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:AssetRetirementObligation.

The source filing: SM Energy’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 8:56 AM EST
Fiscal year
FY2025
Accession
0000893538-26-000032
Line itemAs of December 31, 2025As of December 31, 2024
Beginning asset retirement obligations$149$123
Liabilities incurred (1)321
Liabilities settled (2)(4)(27)
Accretion expense95
Revision to estimated cash flows26
Ending asset retirement obligations (3)$157$149

ITEM 8. CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is SM Energy's asset retirement obligation?
SM Energy (SM) reported asset retirement obligation of $157M in Q4 2025.
How has SM Energy's asset retirement obligation changed year-over-year?
SM Energy's asset retirement obligation increased by 5.4% year-over-year, from $149M to $157M.
What is the long-term trend for SM Energy's asset retirement obligation?
Over 5 years (2020 to 2025), SM Energy's asset retirement obligation has grown at a 13.0% compound annual growth rate (CAGR), from $85.33M to $157M.
What does asset retirement obligation mean?
Asset Retirement Obligation

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