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SM Energy SM Shares (Diluted)

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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:WeightedAverageNumberOfDilutedSharesOutstanding.

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 non-operating income, net45
Income before income taxes1,389253979485
Income tax expense(318)(51)(243)(101)
Net income$1,071$202$736$384
Basic weighted-average common shares outstanding239115219115
Diluted weighted-average common shares outstanding240115220115
Basic net income per common share$4.48$1.76$3.35$3.35
Diluted net income per common share$4.46$1.76$3.34$3.34

Item 1. Financial Statements (unaudited)

FAQ

What is SM Energy's shares (diluted)?
SM Energy (SM) reported shares (diluted) of 240M in Q2 2026.
How has SM Energy's shares (diluted) changed year-over-year?
SM Energy's shares (diluted) increased by 108.7% year-over-year, from 115M to 240M.
What is the long-term trend for SM Energy's shares (diluted)?
Over 4 years (2021 to 2025), SM Energy's shares (diluted) has grown at a -1.1% compound annual growth rate (CAGR), from 480.7M to 460.2M.
What does shares (diluted) mean?
The weighted-average shares outstanding plus all potentially dilutive shares from stock options, RSUs, convertible securities, and warrants, using the treasury stock method.

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