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SM Energy SM Total Cost of Revenue

Total Cost of Revenue at other companies

Chord Energy logo
Chord EnergyCHRD
$671.66M+190%
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Northern Oil and GasNOG
$129.75M+13.8%
ConocoPhillips logo
ConocoPhillipsCOP
$6.71B+32.0%
EPM
Evolution PetroleumEPM
$12.96M-3.2%
Amplify Energy logo
Amplify EnergyAMPY
$759K-82.3%

Segments

By segment

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E&P Segment$268M+155%

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:CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization.

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 income8288413
Total operating revenues and other income2,5007933,9791,637
Operating expenses:
Oil, gas, and NGL production expense556224984449
Depletion, depreciation, and amortization5922931,024563
Exploration21154727
General and administrative794225381
Net derivative (gain) loss(272)(78)425(61)

Item 1. Financial Statements (unaudited)

FAQ

What is SM Energy's total cost of revenue?
SM Energy (SM) reported total cost of revenue of $556M in Q2 2026.
How has SM Energy's total cost of revenue changed year-over-year?
SM Energy's total cost of revenue increased by 148.2% year-over-year, from $224M to $556M.
What is the long-term trend for SM Energy's total cost of revenue?
Over 4 years (2021 to 2025), SM Energy's total cost of revenue has grown at a 15.0% compound annual growth rate (CAGR), from $505.42M to $884.92M.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

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