What is SM Energy's PP&E (net)?

SM Energy (SM) reported PP&E (net) of $17.1B in Q1 2026.

How has SM Energy's PP&E (net) changed year-over-year?

SM Energy's PP&E (net) increased by 109.5% year-over-year, from $8.16B to $17.1B.

What is the long-term trend for SM Energy's PP&E (net)?

Over 5 years (2020 to 2025), SM Energy's PP&E (net) has grown at a 11.8% compound annual growth rate (CAGR), from $4.7B to $8.2B.

What does PP&E (net) mean?

Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.

SM Energy SM PP&E (Net)

PP&E (Net) at other companies

EOG ResourcesEOG

$42.67B+23.2%

Devon EnergyDVN

$25.6B+2.1%

FAN

Diamondback EnergyFANG

$66.61B+2.6%

Antero ResourcesAR

$12.21B+26.2%

Range ResourcesRRC

$6.23M+123%

Chord EnergyCHRD

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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

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:PropertyPlantAndEquipmentNet.

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 PP&E (net)?: SM Energy (SM) reported PP&E (net) of $17.1B in Q1 2026.
How has SM Energy's PP&E (net) changed year-over-year?: SM Energy's PP&E (net) increased by 109.5% year-over-year, from $8.16B to $17.1B.
What is the long-term trend for SM Energy's PP&E (net)?: Over 5 years (2020 to 2025), SM Energy's PP&E (net) has grown at a 11.8% compound annual growth rate (CAGR), from $4.7B to $8.2B.
What does PP&E (net) mean?: Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.