What is SM Energy's shares (basic)?

SM Energy (SM) reported shares (basic) of 199M in Q1 2026.

How has SM Energy's shares (basic) changed year-over-year?

SM Energy's shares (basic) increased by 73.0% year-over-year, from 115M to 199M.

What is the long-term trend for SM Energy's shares (basic)?

Over 4 years (2021 to 2025), SM Energy's shares (basic) has grown at a -0.8% compound annual growth rate (CAGR), from 473.6M to 459.3M.

What does shares (basic) mean?

The time-weighted average number of common shares outstanding during the period, used as the denominator for basic EPS calculations.

SM Energy SM Shares (Basic)

Shares (Basic) at other companies

EOG ResourcesEOG

532M-3.3%

Devon EnergyDVN

616M-4.2%

FAN

Diamondback EnergyFANG

282.8M-2.4%

Antero ResourcesAR

308.9M-0.8%

Range ResourcesRRC

235.1M-2.1%

Chord EnergyCHRD

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Other financials

Income statement

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Revenue$1.5B+75.0%

Gross profit$1.1B+69.5%

Operating income-$298.0M-208%

Net income-$335.0M-284%

EPS (diluted)-$1.68-206%

Balance sheet

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Cash & equivalents$449.0M+831,381%

Total debt$138.0M+111%

Total equity$6.9B+55.9%

Total assets$19.1B+118%

Cash flow

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Operating cash flow$640.0M+32.5%

CapEx$12.8M—

Free cash flow$500.6M+43.7%

Valuation

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Market cap$6.51B+117%

P/E49.8×+46.1×

P/S1.7×+0.7×

Profitability

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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:WeightedAverageNumberOfSharesOutstandingBasic.

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 shares (basic)?: SM Energy (SM) reported shares (basic) of 199M in Q1 2026.
How has SM Energy's shares (basic) changed year-over-year?: SM Energy's shares (basic) increased by 73.0% year-over-year, from 115M to 199M.
What is the long-term trend for SM Energy's shares (basic)?: Over 4 years (2021 to 2025), SM Energy's shares (basic) has grown at a -0.8% compound annual growth rate (CAGR), from 473.6M to 459.3M.
What does shares (basic) mean?: The time-weighted average number of common shares outstanding during the period, used as the denominator for basic EPS calculations.