SM Energy SM Capitalized Exploratory Well Costs that Have Been Capitalized for Period Greater than One Year

Capitalized Exploratory Well Costs that Have Been Capitalized for Period Greater than One Year at other companies

ConocoPhillipsCOP

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Exxon MobilXOM

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ChevronCVX

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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 / equity0×0.0×

Current ratio0.4×-0.2×

Where this comes from

Reported directly by SM Energy in its filing.

Tagged under the XBRL concept us-gaap:CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear.

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 capitalized exploratory well costs that have been capitalized for period greater than one year?: SM Energy (SM) reported capitalized exploratory well costs that have been capitalized for period greater than one year of $0 in Q4 2025.