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SM Energy SM Total Revenue

Total Revenue at other companies

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$928.31M+33.5%

Segments

By geography

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Midland Basin$1.11B+225%
DJ Basin$579M
Uinta Basin$286M+23.3%
South Texas$181M-14.2%

By product

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Crude Oil$2.03B+210%
Natural Gas Liquids (NGL)$115M+113%
Natural Gas$15M-80.8%

By segment

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E&P Segment$2.5B+215%

Other financials

Income statement

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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 total revenue?
SM Energy (SM) reported total revenue of $2.5B in Q2 2026.
How has SM Energy's total revenue changed year-over-year?
SM Energy's total revenue increased by 215.3% year-over-year, from $793M to $2.5B.
What is the long-term trend for SM Energy's total revenue?
Over 4 years (2021 to 2025), SM Energy's total revenue has grown at a 4.7% compound annual growth rate (CAGR), from $2.62B to $3.15B.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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