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SM Energy Company SM
$ 34.31 1.15%
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Quarterly report 2026-Q2
added 08-06-2026

SM Energy Company Income Statement 2025-2007 | SM

Brief overview of financial results at SM Energy Company

This overview is based on financial performance over the past five years. According to figures from SM Energy Company, revenue changed from $1.1 billion to $3.2 billion over five years. The five-year change reached +179.9%, while CAGR stood at 22.9%. Revenue growth reflects a pronounced phase of business expansion.

At the gross-profit level, the result moved from 735 million dollars to 2.3 billion dollars, a change of +208.5%. Revenue outpaced cost of revenue, allowing more sales to flow into gross profit. Comparing the endpoints gives gross margins of 65.3% and 71.9%. A wider margin shows that the economics of the core business improved.

EBITDA changed from −$1.1 billion to $1 billion (+193.5%). EBITDA expanded faster than the top line. Comparing the endpoints gives EBITDA margins of −94.9% and 31.7%. Higher profitability strengthens the quality of operating growth.

The net financial result changed from −765 million dollars to 648 million dollars. The return to profit marks a meaningful recovery in the final result.

Market value was 1.6 billion dollars at the start and 2.4 billion dollars at the end. The valuation did not keep pace with the reported progress.

Overall conclusion

The five-year financial profile is predominantly positive. The strongest signals are net-income growth, better sales economics and an improving EBITDA margin. Investors should continue to monitor margins, costs, and earnings quality.

Annual Income Statement SM Energy Company

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007

Market Cap

2.42 B 4.28 B 4.9 B 3.63 B 4.23 B 1.57 B 1.06 B 2.29 B 2.59 B 2.54 B 947 M 2.54 B 5.56 B 3.84 B 4.61 B 2.68 B 1.42 B 3.24 B -

Shares

115 M 115 M 119 M 122 M 119 M 114 M 113 M 112 M 111 M 76.6 M 67.7 M 67.2 M 66.6 M 65.1 M 63.8 M 63 M 62.5 M 62.2 M -

Historical Prices

21.1 37.2 41.2 29.6 35.5 13.8 6.48 16 17.9 23.9 8.73 46.7 70.9 55.6 75.5 42.6 22.8 52.1 38.1

Net Income

648 M 770 M 818 M 1.11 B 36.2 M -765 M -187 M 508 M -161 M -758 M -448 M 666 M 171 M -54.2 M 215 M 197 M -99.4 M 87.3 M -

Revenue

3.15 B 2.69 B 2.37 B 3.36 B 2.62 B 1.13 B 1.59 B 1.64 B 1.26 B 1.18 B 1.51 B 2.52 B 2.27 B 1.53 B 1.6 B 1.09 B 832 M 1.3 B -

Cost of Revenue

885 M 637 M 564 M 621 M 505 M 391 M 501 M 487 M 508 M 598 M - - - - - - - - -

Gross Profit

- - - - - - 265 M 487 M 195 M -208 M -145 M 1.01 B 790 M 361 M 1.2 B - - - -

Operating Income

1 B 1.08 B 987 M 1.58 B 209 M -1.07 B -70 M 836 M -164 M -1.06 B -579 M 1.17 B 368 M -20 M 384 M 339 M -131 M 171 M -

Interest Expense

173 M 141 M 92 M 120 M 160 M 164 M 159 M 161 M 179 M 159 M 128 M 98.6 M 89.7 M 63.7 M 45.8 M 24.2 M 28.9 M 27 M -

EBITDA

1 B 1.08 B 987 M 1.58 B 209 M -1.07 B 882 M 966 M 566 M 380 M 488 M 1.51 B 1.38 B 901 M 1.12 B 339 M -131 M 171 M -

Operating Expenses

- - - - - - 204 M 190 M 190 M 203 M 289 M 272 M 232 M 188 M 585 M - - - -

General and Administrative Expenses

161 M 138 M 121 M 115 M 112 M 99.2 M 133 M 117 M 121 M 126 M 158 M 167 M 150 M 120 M - 107 M 76 M 79.5 M -

All numbers in USD currency

Quarterly Income Statement SM Energy Company

2026-Q2 2026-Q1 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q3 2010-Q2

Shares

239 M 199 M 115 M 115 M 115 M 114 M 114 M 115 M 116 M 116 M 118 M 119 M 122 M 122 M 123 M 122 M 122 M 122 M 121 M 118 M 115 M 115 M 114 M 113 M 113 M 113 M 113 M 112 M 112 M 112 M 112 M 112 M 112 M 112 M 112 M 111 M 111 M 111 M 78.5 M 68.1 M 68.1 M 68.1 M 68 M 67.5 M 67.5 M 67.5 M 67.4 M 67.1 M 67.1 M 67.1 M 66.9 M 66.3 M 66.2 M 66.2 M 65.7 M 64.6 M 64.1 M 64.1 M 63.9 M 63.6 M 63.4 M 63 M 62.9 M

Net Income

1.07 B -335 M 155 M 202 M 182 M - 241 M 210 M 131 M - 222 M 150 M 199 M - 481 M 323 M 48.8 M - 85.6 M -223 M -251 M - -98.3 M -89.3 M -412 M - 42.2 M 50.4 M -178 M - -136 M 17.2 M 317 M - -89.1 M -120 M 74.4 M - -40.9 M -169 M -347 M - 3.11 M -57.5 M -53.1 M - 209 M 59.8 M 65.6 M - 70.7 M 76.5 M 16.7 M - -38.3 M 24.9 M 26.3 M - 230 M 125 M -18.5 M 15.5 M 18.1 M

Revenue

2.5 B 1.48 B 812 M 793 M 845 M - 644 M 635 M 560 M - 641 M 551 M 574 M - 835 M 992 M 860 M - 760 M 564 M 444 M - 281 M 170 M 356 M - 390 M 407 M 341 M - 459 M 444 M 770 M - 295 M 121 M 373 M - 353 M 342 M 143 M - 371 M 516 M 366 M - 619 M 675 M 26 K - 28 K 24 K 12 K - 126 K 5 K 70 K - 27 K 227 K 128 K 227 M 212 M

Cost of Revenue

556 M 428 M 229 M 224 M 225 M - 148 M 137 M 137 M - 138 M 146 M 142 M - 160 M 166 M 145 M - 136 M 125 M 101 M - 95.3 M 80.4 M 120 M - 129 M 123 M 121 M - 128 M 117 M 121 M - 123 M - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Income

1.5 B -298 M 246 M 295 M 276 M - 331 M 279 M 178 M - 196 M 209 M 272 M - 622 M 513 M 102 M - 126 M -181 M -211 M - -103 M -313 M -481 M - 99.5 M 104 M -185 M - -109 M 56.1 M 459 M - -85.2 M -147 M 166 M - -17.7 M -231 M -527 M - 32.1 M -50.9 M -54.4 M - 357 M 122 M 129 M - 137 M 144 M 46.2 M - -42.8 M 52.4 M 56.2 M - 373 M 212 M -20 M 31.1 M 36.8 M

Interest Expense

111 M 113 M 42.9 M 42.6 M 44.4 M - 50.7 M 21.8 M 21.9 M - 23.1 M 22.1 M 22.5 M - 22.8 M 35.5 M 39.4 M - 40.9 M 39.5 M 39.9 M - 41.5 M 40.4 M 41.5 M - 40.6 M 39.6 M 38 M - 38.1 M 41.7 M 43.1 M - 44.1 M 44.6 M 47 M - 47.2 M 34 M 31.1 M - 33.2 M 30.8 M 32.6 M - 22.6 M 24 M 24.2 M - 24.5 M 21.6 M 19.1 M - 18.4 M 12.7 M 14.3 M - 9.37 M 14.6 M 9.71 M 6.34 M 6.34 M

EBITDA

1.5 B -298 M 246 M 295 M 276 M - 331 M 279 M 178 M - 196 M 209 M 272 M - 622 M 513 M 102 M - 126 M -181 M -211 M - -103 M -313 M -481 M - 99.5 M 104 M -185 M - -109 M 56.1 M 459 M - -85.2 M -147 M 166 M - -17.7 M -231 M -527 M - 32.1 M -50.9 M -54.4 M - 357 M 122 M 129 M - 137 M 144 M 46.2 M - -42.8 M 52.4 M 56.2 M - 373 M 212 M -20 M 31.1 M 36.8 M

General and Administrative Expenses

79 M 174 M 39.3 M 42.1 M 39.3 M - 35.1 M 31.1 M 30.2 M - 29.3 M 27.5 M 27.7 M - 28.4 M 28.3 M 25 M - 25.5 M 24.6 M 24.7 M - 24.5 M 27.2 M 27.4 M - 32.6 M 30.9 M 32.1 M - 29.5 M 28.9 M 27.7 M - 27.6 M 28.2 M 28.8 M - 32.7 M 28.2 M 32.2 M - 37.8 M 42.6 M 43.6 M - 41.7 M 38.1 M 35.1 M - 33.9 M 35.4 M 32.3 M - 32.2 M 31.1 M 28.1 M - 29.8 M 27.3 M 25.9 M 26.2 M 25.4 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company SM Energy Company (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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