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SM Energy SM PP&E (Net)

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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$6.96B+126%
P/E+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:PropertyPlantAndEquipmentNet.

The source filing: SM Energy’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 8:55 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000893538-26-000121
Line itemJune 30,2026December 31,2025
Unproved oil and gas properties, net of valuation allowance of $12 and $12, respectively860460
Wells in progress809458
Other property and equipment, net of accumulated depreciation of $67 and $63, respectively13165
Total property and equipment, net16,5488,202
Noncurrent assets:
Derivative assets566
Other noncurrent assets354234
Total noncurrent assets410240

Item 1. Financial Statements (unaudited)

FAQ

What is SM Energy's PP&E (net)?
SM Energy (SM) reported PP&E (net) of $16.55B in Q2 2026.
How has SM Energy's PP&E (net) changed year-over-year?
SM Energy's PP&E (net) increased by 100.3% year-over-year, from $8.26B to $16.55B.
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.

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