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SM Energy SM Business Segments — Other operating 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:OtherOperatingIncomeExpenseNet.

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
Exploration21154727
General and administrative794225381
Net derivative (gain) loss(272)(78)425(61)
Other operating expense282487
Interest expense1114322487
Interest income (1)(4)(8)
Other non-operating expense3
Income tax expense31851243101

Item 1. Financial Statements (unaudited)

FAQ

What is SM Energy's business segments — other operating expense?
SM Energy (SM) reported business segments — other operating expense of -$28M in Q2 2026.
How has SM Energy's business segments — other operating expense changed year-over-year?
SM Energy's business segments — other operating expense decreased by 1300.0% year-over-year, from -$2M to -$28M.
What is the long-term trend for SM Energy's business segments — other operating expense?
Over 3 years (2022 to 2025), SM Energy's business segments — other operating expense has grown at a 18.3% compound annual growth rate (CAGR), from $10.96M to $18.14M.
What does business segments — other operating expense mean?
Encompasses miscellaneous operating costs not classified under direct production, exploration, or administrative categories. It serves as a catch-all for secondary operational expenses that impact the segment's overall operating margin.

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