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SM Energy SM Business Segments — Depletion, depreciation, and amortization

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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:ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion.

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 itemFor the Three Months Ended June 30, 2026For the Three Months Ended June 30, 2025For the Six Months Ended June 30, 2026For the Six Months Ended June 30, 2025
Transportation costs14379265148
Production taxes1313021267
Ad valorem tax expense14103020
Depletion, depreciation, and amortization5922931,024563
Exploration21154727
General and administrative794225381
Net derivative (gain) loss(272)(78)425(61)
Other operating expense282487

Item 1. Financial Statements (unaudited)

FAQ

What is SM Energy's business segments — depletion, depreciation, and amortization?
SM Energy (SM) reported business segments — depletion, depreciation, and amortization of $592M in Q2 2026.
How has SM Energy's business segments — depletion, depreciation, and amortization changed year-over-year?
SM Energy's business segments — depletion, depreciation, and amortization increased by 102.0% year-over-year, from $293M to $592M.
What is the long-term trend for SM Energy's business segments — depletion, depreciation, and amortization?
Over 3 years (2022 to 2025), SM Energy's business segments — depletion, depreciation, and amortization has grown at a 26.0% compound annual growth rate (CAGR), from $603.78M to -$1.21B.
What does business segments — depletion, depreciation, and amortization mean?
Reflects the systematic allocation of the cost of tangible and intangible assets, primarily oil and gas properties, over their estimated productive lives. It is a non-cash expense that highlights the capital intensity of the segment's exploration and development activities.

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