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SM Energy SM Business Segments — Total operating revenues and other income

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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:Revenues.

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 — total operating revenues and other income?
SM Energy (SM) reported business segments — total operating revenues and other income of $1.48B in Q1 2026.
How has SM Energy's business segments — total operating revenues and other income changed year-over-year?
SM Energy's business segments — total operating revenues and other income increased by 75.0% year-over-year, from $845M to $1.48B.
What is the long-term trend for SM Energy's business segments — total operating revenues and other income?
Over 3 years (2022 to 2025), SM Energy's business segments — total operating revenues and other income has grown at a -2.1% compound annual growth rate (CAGR), from $3.36B to $3.15B.
What does business segments — total operating revenues and other income mean?
Represents the total gross inflows from the exploration and production segment, including sales of crude oil, natural gas, and natural gas liquids. This metric serves as the primary indicator of the segment's top-line performance and market demand for its energy products.