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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$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:Revenues.

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
Oil, gas, and NGL production revenue$2,156$785$3,633$1,625
Gain on divestiture activity262262
Other operating income8288413
Total operating revenues and other income2,5007933,9791,637
Operating expenses:
Oil, gas, and NGL production expense556224984449
Depletion, depreciation, and amortization5922931,024563
Exploration21154727

Item 1. Financial Statements (unaudited)

FAQ

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 $2.5B in Q2 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 215.3% year-over-year, from $793M to $2.5B.
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.

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