What is SM Energy's net fair value?

SM Energy (SM) reported net fair value of -$477M in Q1 2026.

How has SM Energy's net fair value changed year-over-year?

SM Energy's net fair value decreased by 3686.5% year-over-year, from $13.3M to -$477M.

What is the long-term trend for SM Energy's net fair value?

Over 5 years (2020 to 2025), SM Energy's net fair value has grown at a -12.8% compound annual growth rate (CAGR), from -$168.2M to $85M.

SM Energy SM Net fair value

Net fair value at other companies

Duke EnergyDUK

$12.89B+14.2%

EFC

Ellington Financial Inc.EFC

$105.46M+12.0%

SM EnergySM

-$477M-3,686%

General MotorsGM

$515M+296%

U.S. BancorpUSB

$490M+167%

Ladder CapitalLADR

$370K-20.8%

Other financials

Income statement

See full

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

See full

Cash & equivalents$449.0M+831,381%

Total debt$138.0M+111%

Total equity$6.9B+55.9%

Total assets$19.1B+118%

Cash flow

See full

Operating cash flow$640.0M+32.5%

CapEx$12.8M—

Free cash flow$500.6M+43.7%

Valuation

See full

Market cap$6.51B+117%

P/E49.8×+46.1×

P/S1.7×+0.7×

Profitability

See full

Gross margin71.3%-4.4pp

Operating margin11.2%-28.2pp

Net margin3.5%-24.1pp

FCF margin50.1%+2.8pp

Returns & leverage

See full

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:DerivativeFairValueOfDerivativeNet.

The official record: SM Energy’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

Ask your AI about SM Energy's net fair value.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is SM Energy's net fair value?: SM Energy (SM) reported net fair value of -$477M in Q1 2026.
How has SM Energy's net fair value changed year-over-year?: SM Energy's net fair value decreased by 3686.5% year-over-year, from $13.3M to -$477M.
What is the long-term trend for SM Energy's net fair value?: Over 5 years (2020 to 2025), SM Energy's net fair value has grown at a -12.8% compound annual growth rate (CAGR), from -$168.2M to $85M.