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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$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:OtherOperatingIncomeExpenseNet.

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 — other operating expense?
SM Energy (SM) reported business segments — other operating expense of $20M in Q1 2026.
How has SM Energy's business segments — other operating expense changed year-over-year?
SM Energy's business segments — other operating expense increased by 300.0% year-over-year, from $5M to $20M.
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 26.2% compound annual growth rate (CAGR), from $10.96M to $22.04M.
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.