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SM Energy SM Business Segments — G&A

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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×
Current ratio0.4×-0.2×

Where this comes from

Reported directly by SM Energy in its filing.

Tagged under the XBRL concept us-gaap:GeneralAndAdministrativeExpense.

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 business segments — G&A?
SM Energy (SM) reported business segments — G&A of $174M in Q1 2026.
How has SM Energy's business segments — G&A changed year-over-year?
SM Energy's business segments — G&A increased by 346.2% year-over-year, from $39M to $174M.
What is the long-term trend for SM Energy's business segments — G&A?
Over 3 years (2022 to 2025), SM Energy's business segments — G&A has grown at a 12.1% compound annual growth rate (CAGR), from $114.56M to -$161.34M.
What does business segments — G&A mean?
Covers the overhead costs related to the management and administration of the exploration and production segment, excluding direct field operations. It provides insight into the company's ability to manage corporate scale and operational support costs effectively.