What is SM Energy's total revenue?

SM Energy (SM) reported total revenue of $1.48B in Q1 2026.

How has SM Energy's total revenue changed year-over-year?

SM Energy's total revenue increased by 75.0% year-over-year, from $845M to $1.48B.

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.

SM Energy SM Total Revenue

Total Revenue at other companies

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$6.92B+22.1%

Devon EnergyDVN

$3.81B-14.5%

FAN

Diamondback EnergyFANG

$4.24B+4.7%

Antero ResourcesAR

$1.95B+43.8%

Range ResourcesRRC

$1.03B+49.8%

Chord EnergyCHRD

——

Segments

By geography

See full

Midland Basin$729M—

DJ Basin$342M—

Uinta Basin$206M-3.7%

South Texas$200M-14.2%

By product

See full

Crude Oil$1.26B—

Natural Gas$124M—

Natural Gas Liquids (NGL)$91M—

By segment

See full

E&P Segment$1.48B+75.0%

Other financials

Income statement

See full

Gross profit$1.1B+69.5%

Operating income-$298.0M-208%

Net income-$335.0M-284%

EPS (diluted)-$1.68-206%

Balance sheet

See full

Cash & equivalents$449.0M+831,381%

Total debt$138.0M+111%

Total equity$6.9B+55.9%

Total assets$19.1B+118%

Cash flow

See full

Operating cash flow$640.0M+32.5%

CapEx$12.8M—

Free cash flow$500.6M+43.7%

Valuation

See full

Market cap$6.51B+117%

P/E49.8×+46.1×

P/S1.7×+0.7×

Profitability

See full

Gross margin71.3%-4.4pp

Operating margin11.2%-28.2pp

Net margin3.5%-24.1pp

FCF margin50.1%+2.8pp

Returns & leverage

See full

Return on equity2.3%-17.9pp

Debt / equity0×0.0×

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 total revenue?: SM Energy (SM) reported total revenue of $1.48B in Q1 2026.
How has SM Energy's total revenue changed year-over-year?: SM Energy's total revenue increased by 75.0% year-over-year, from $845M to $1.48B.
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.