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SM Energy SM Total costs & expenses

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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:CostsAndExpenses.

The source filing: SM Energy’s 10-Q, filed August 6, 2026. Open the filing →

Filed
Aug 6, 2026, 8:55 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000893538-26-000121

FAQ

What is SM Energy's total costs & expenses?
SM Energy (SM) reported total costs & expenses of $1B in Q2 2026.
How has SM Energy's total costs & expenses changed year-over-year?
SM Energy's total costs & expenses increased by 101.6% year-over-year, from $498M to $1B.
What is the long-term trend for SM Energy's total costs & expenses?
Over 4 years (2021 to 2025), SM Energy's total costs & expenses has grown at a -2.8% compound annual growth rate (CAGR), from $2.41B to $2.15B.
What does total costs & expenses mean?
This metric aggregates all operating and non-operating costs incurred by the company to generate revenue during a specific period. It includes production expenses, administrative overhead, depreciation, and exploration costs, providing a comprehensive view of the company's cost structure. Monitoring this figure is essential for assessing overall operational discipline and the ability to maintain margins in volatile commodity price environments.

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