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SM Energy SM Business Segments — Interest Expense

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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:InterestExpense.

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
Other operating expense282487
Total operating expenses1,0044982,7811,066
Income from operations1,4962951,198571
Interest expense(111)(43)(224)(87)
Other non-operating income, net45
Income before income taxes1,389253979485
Income tax expense(318)(51)(243)(101)
Net income$1,071$202$736$384

Item 1. Financial Statements (unaudited)

FAQ

What is SM Energy's business segments — interest expense?
SM Energy (SM) reported business segments — interest expense of $111M in Q2 2026.
How has SM Energy's business segments — interest expense changed year-over-year?
SM Energy's business segments — interest expense increased by 158.1% year-over-year, from $43M to $111M.
What is the long-term trend for SM Energy's business segments — interest expense?
Over 3 years (2022 to 2025), SM Energy's business segments — interest expense has grown at a 12.8% compound annual growth rate (CAGR), from $120.35M to -$172.93M.
What does business segments — interest expense mean?
Represents the cost of borrowing capital used to finance the segment's exploration, development, and infrastructure projects. This metric is a key indicator of the segment's financial leverage and the burden of debt on its operational cash flow.

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