The Filings Report

SM Energy Company

SMNYSECIK 893538Energy / Oil & Gas E&Pfiscal year ends December70 quarters since 2009

Revenue, Q3 FY2026
$2.2B
+167.2% on Q3 FY2025
Net income
$93M
−40.0% on Q3 FY2025
Free cash flow
—
no year-earlier figure
Diluted EPS
$0.39
−71.1% on Q3 FY2025
Revenue, TTM
$6.9B
trailing four quarters
Net margin, TTM
13.7%
net income $938M
Free cash flow, TTM
—
Cash and equivalents
$442M
long-term debt —, Sep 30, 2026

Latest quarter Q3 FY2026, filed November 4, 2026. Trailing figures sum the latest four quarters.

In Q3 FY2026, the quarter ended September 30, 2026, SM Energy Company reported revenue of $2.2B, +167.2% on Q3 FY2025, and net income of $93M (−40.0%). Operating margin was 10.9%. Diluted earnings per share were $0.39.

Share price

Daily candlesticks from November 11, 2024 to November 6, 2026, with each earnings release marked; a release after the close marks the day it came out, so its reaction is the next candle. See this earnings season for every company’s reaction.

SM daily priceSplit-adjusted, US dollars; an earnings release
Nov 6, 2026O $29.54 · H $30.95 · L $29.34 · C $29.92 · +0.98% on the dayOver the range: +67.06%, Nov 7, 2025 to Nov 6, 2026
$16$23$30$36$43Nov 25Jan 26Apr 26Jun 26Aug 26Nov 26

The last 16 quarters

Q4 FY2022 to Q3 FY2026, through the filing of November 4, 2026.

Revenue and net incomeRevenueNet income
−$1B$0$1B$2B$3BQ4'22, Revenue: $671MQ4'22, Net income: $258MQ4'22Q1'23, Revenue: $574MQ1'23, Net income: $199MQ1'23Q2'23, Revenue: $551MQ2'23, Net income: $150MQ2'23Q3'23, Revenue: $641MQ3'23, Net income: $222MQ3'23Q4'23, Revenue: $609MQ4'23, Net income: $247MQ4'23Q1'24, Revenue: $560MQ1'24, Net income: $131MQ1'24Q2'24, Revenue: $635MQ2'24, Net income: $210MQ2'24Q3'24, Revenue: $644MQ3'24, Net income: $241MQ3'24Q4'24, Revenue: $852MQ4'24, Net income: $188MQ4'24Q1'25, Revenue: $845MQ1'25, Net income: $182MQ1'25Q2'25, Revenue: $793MQ2'25, Net income: $202MQ2'25Q3'25, Revenue: $812MQ3'25, Net income: $155MQ3'25Q4'25, Revenue: $705MQ4'25, Net income: $109MQ4'25Q1'26, Revenue: $1.5BQ1'26, Net income: −$335MQ1'26Q2'26, Revenue: $2.5BQ2'26, Net income: $1.1BQ2'26Q3'26, Revenue: $2.2BQ3'26, Net income: $93MQ3'26−$1B$0$1B$2B$3BQ4'22, Revenue: $671MQ4'22, Net income: $258MQ4'22Q1'23, Revenue: $574MQ1'23, Net income: $199MQ1'23Q2'23, Revenue: $551MQ2'23, Net income: $150MQ2'23Q3'23, Revenue: $641MQ3'23, Net income: $222MQ3'23Q4'23, Revenue: $609MQ4'23, Net income: $247MQ4'23Q1'24, Revenue: $560MQ1'24, Net income: $131MQ1'24Q2'24, Revenue: $635MQ2'24, Net income: $210MQ2'24Q3'24, Revenue: $644MQ3'24, Net income: $241MQ3'24Q4'24, Revenue: $852MQ4'24, Net income: $188MQ4'24Q1'25, Revenue: $845MQ1'25, Net income: $182MQ1'25Q2'25, Revenue: $793MQ2'25, Net income: $202MQ2'25Q3'25, Revenue: $812MQ3'25, Net income: $155MQ3'25Q4'25, Revenue: $705MQ4'25, Net income: $109MQ4'25Q1'26, Revenue: $1.5BQ1'26, Net income: −$335MQ1'26Q2'26, Revenue: $2.5BQ2'26, Net income: $1.1BQ2'26Q3'26, Revenue: $2.2BQ3'26, Net income: $93MQ3'26−$1B$0$1B$2B$3BQ4'22, Revenue: $671MQ4'22, Net income: $258MQ1'23, Revenue: $574MQ1'23, Net income: $199MQ1'23Q2'23, Revenue: $551MQ2'23, Net income: $150MQ3'23, Revenue: $641MQ3'23, Net income: $222MQ3'23Q4'23, Revenue: $609MQ4'23, Net income: $247MQ1'24, Revenue: $560MQ1'24, Net income: $131MQ1'24Q2'24, Revenue: $635MQ2'24, Net income: $210MQ3'24, Revenue: $644MQ3'24, Net income: $241MQ3'24Q4'24, Revenue: $852MQ4'24, Net income: $188MQ1'25, Revenue: $845MQ1'25, Net income: $182MQ1'25Q2'25, Revenue: $793MQ2'25, Net income: $202MQ3'25, Revenue: $812MQ3'25, Net income: $155MQ3'25Q4'25, Revenue: $705MQ4'25, Net income: $109MQ1'26, Revenue: $1.5BQ1'26, Net income: −$335MQ1'26Q2'26, Revenue: $2.5BQ2'26, Net income: $1.1BQ3'26, Revenue: $2.2BQ3'26, Net income: $93MQ3'26

Net income losses drawn in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$500M$1.0B$1.5B$2.0BQ4'22, Cash and equivalents: $445MQ4'22Q1'23, Cash and equivalents: $478MQ1'23Q2'23, Cash and equivalents: $378MQ2'23Q3'23, Cash and equivalents: $402MQ3'23Q4'23, Cash and equivalents: $616MQ4'23Q1'24, Cash and equivalents: $506MQ1'24Q2'24, Cash and equivalents: $488MQ2'24Q3'24, Cash and equivalents: $1.7BQ3'24Q4'24, Cash and equivalents: $0Q4'24Q1'25, Cash and equivalents: $54KQ1'25Q2'25, Cash and equivalents: $102MQ2'25Q3'25, Cash and equivalents: $162MQ3'25Q4'25, Cash and equivalents: $368MQ4'25Q1'26, Cash and equivalents: $449MQ1'26Q2'26, Cash and equivalents: $620MQ2'26Q3'26, Cash and equivalents: $442MQ3'26$0$500M$1.0B$1.5B$2.0BQ4'22, Cash and equivalents: $445MQ4'22Q1'23, Cash and equivalents: $478MQ1'23Q2'23, Cash and equivalents: $378MQ2'23Q3'23, Cash and equivalents: $402MQ3'23Q4'23, Cash and equivalents: $616MQ4'23Q1'24, Cash and equivalents: $506MQ1'24Q2'24, Cash and equivalents: $488MQ2'24Q3'24, Cash and equivalents: $1.7BQ3'24Q4'24, Cash and equivalents: $0Q4'24Q1'25, Cash and equivalents: $54KQ1'25Q2'25, Cash and equivalents: $102MQ2'25Q3'25, Cash and equivalents: $162MQ3'25Q4'25, Cash and equivalents: $368MQ4'25Q1'26, Cash and equivalents: $449MQ1'26Q2'26, Cash and equivalents: $620MQ2'26Q3'26, Cash and equivalents: $442MQ3'26$0$500M$1.0B$1.5B$2.0BQ4'22, Cash and equivalents: $445MQ1'23, Cash and equivalents: $478MQ1'23Q2'23, Cash and equivalents: $378MQ3'23, Cash and equivalents: $402MQ3'23Q4'23, Cash and equivalents: $616MQ1'24, Cash and equivalents: $506MQ1'24Q2'24, Cash and equivalents: $488MQ3'24, Cash and equivalents: $1.7BQ3'24Q4'24, Cash and equivalents: $0Q1'25, Cash and equivalents: $54KQ1'25Q2'25, Cash and equivalents: $102MQ3'25, Cash and equivalents: $162MQ3'25Q4'25, Cash and equivalents: $368MQ1'26, Cash and equivalents: $449MQ1'26Q2'26, Cash and equivalents: $620MQ3'26, Cash and equivalents: $442MQ3'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q3 FY2026 filed November 4, 2026.

SM Energy Company income statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Nov 4, 2026Q2 FY2026ended Jun 30, 2026filed Aug 6, 2026Q1 FY2026ended Mar 31, 2026filed May 7, 2026Q4 FY2025ended Dec 31, 2025filed Feb 26, 2026Q3 FY2025ended Sep 30, 2025filed Nov 3, 2025Q2 FY2025ended Jun 30, 2025filed Aug 1, 2025Q1 FY2025ended Mar 31, 2025filed May 2, 2025Q4 FY2024ended Dec 31, 2024filed Feb 20, 2025YoYQ3 FY2026vs Q3 FY2025
Revenue2,1702,5001,479705812793845852+167.2%
Cost of revenue—————————
Gross profit—————————
Research and development—————————
Selling, general and administrative56791744039423942+43.6%
Operating income2361,496(298)182246295276287−4.1%
Other income (expense)341(1)1000+200.0%
Pretax income1231,389(410)141204253232241−39.7%
Income tax30318(75)3249515053−38.8%
Net income931,071(335)109155202182188−40.0%
Diluted EPS ($)0.394.46(1.68)—1.351.761.59—−71.1%
Diluted shares (millions)239240199—115115115——

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q3 FY2026 filed November 4, 2026.

SM Energy Company balance sheet, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Nov 4, 2026Q2 FY2026ended Jun 30, 2026filed Aug 6, 2026Q1 FY2026ended Mar 31, 2026filed May 7, 2026Q4 FY2025ended Dec 31, 2025filed Feb 26, 2026Q3 FY2025ended Sep 30, 2025filed Nov 3, 2025Q2 FY2025ended Jun 30, 2025filed Aug 1, 2025Q1 FY2025ended Mar 31, 2025filed May 2, 2025Q4 FY2024ended Dec 31, 2024filed Feb 20, 2025YoYQ3 FY2026vs Q3 FY2025
Cash and equivalents44262044936816210200+172.4%
Short-term investments—————————
Total current assets1,8171,9001,671811633575472435+187.1%
Total assets18,96318,85819,1449,2539,0908,9938,7888,577+108.6%
Total current liabilities3,1873,0894,2801,1691,135838823790+180.7%
Long-term debt—————————
Total liabilities—————————
Stockholders’ equity7,7777,8136,8684,8104,7134,5904,4044,237+65.0%
Shares outstanding (millions)235238240238115115114114—

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q3 FY2026 filed November 4, 2026.

SM Energy Company cash flow statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Nov 4, 2026Q2 FY2026ended Jun 30, 2026filed Aug 6, 2026Q1 FY2026ended Mar 31, 2026filed May 7, 2026Q4 FY2025ended Dec 31, 2025filed Feb 26, 2026Q3 FY2025ended Sep 30, 2025filed Nov 3, 2025Q2 FY2025ended Jun 30, 2025filed Aug 1, 2025Q1 FY2025ended Mar 31, 2025filed May 2, 2025Q4 FY2024ended Dec 31, 2024filed Feb 20, 2025YoYQ3 FY2026vs Q3 FY2025
Operating cash flow1,1221,103640452505571483578+122.2%
Capital expenditures—————————
Free cash flow (CFO − capex)—————————
Depreciation and amortization—————————
Share repurchases79——012102+558.3%
Dividends paid5253822323232323+126.1%

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed February 26, 2026.

Income statement

SM Energy Company income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 26, 2026FY2024ended Dec 31, 2024filed Feb 20, 2025FY2023ended Dec 31, 2023filed Feb 22, 2024FY2022ended Dec 31, 2022filed Feb 23, 2023FY2021ended Dec 31, 2021filed Feb 25, 2022FY2020ended Dec 31, 2020filed Feb 18, 2021FY2019ended Dec 31, 2019filed Feb 20, 2020FY2018ended Dec 31, 2018filed Feb 21, 2019FY2017ended Dec 31, 2017filed Feb 21, 2018FY2016ended Dec 31, 2016filed Feb 23, 2017FY2015ended Dec 31, 2015filed Feb 24, 2016FY2014ended Dec 31, 2014filed Feb 25, 2015FY2013ended Dec 31, 2013filed Feb 19, 2014FY2012ended Dec 31, 2012filed Feb 21, 2013FY2011ended Dec 31, 2011filed Feb 23, 2012FY2010ended Dec 31, 2010filed Feb 25, 2011FY2009ended Dec 31, 2009filed Aug 3, 2010FY2008ended Dec 31, 2008filed Aug 3, 2010
Revenue3,1542,6902,3743,3592,6231,1271,5902,0671,1291,2171,5572,5222,2931,5051,6031,0938321,301
Cost of revenue——————501487508598————————
Gross profit——————————————————
Research and development——————————————————
Selling, general and administrative161138121115112991331171171251581671501201191077680
Operating income1,0001,0769871,579209(1,069)(70)836(164)(1,057)(579)1,166368(20)384339(131)171
Other income (expense)0(1)(1)(2)(2)(4)(2)3(1)(2)1(3)00————
Pretax income8309669141,39646(957)(231)652(344)(1,202)(723)1,065279(84)339315(159)145
Income tax1821969628410(192)(44)143(183)(444)(275)399108(29)124118(60)57
Net income6487708181,11236(765)(187)508(161)(758)(448)666171(54)215197(99)87
Diluted EPS ($)5.646.676.868.960.29(6.72)(1.66)4.48(1.44)(9.90)(6.61)9.792.51(0.83)3.193.04(1.59)1.38
Diluted shares (millions)115116119124124114113114111776868686568656263

Balance sheet

SM Energy Company balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 26, 2026FY2024ended Dec 31, 2024filed Feb 20, 2025FY2023ended Dec 31, 2023filed Feb 22, 2024FY2022ended Dec 31, 2022filed Feb 23, 2023FY2021ended Dec 31, 2021filed Feb 25, 2022FY2020ended Dec 31, 2020filed Feb 18, 2021FY2019ended Dec 31, 2019filed Feb 20, 2020FY2018ended Dec 31, 2018filed Feb 21, 2019FY2017ended Dec 31, 2017filed Feb 21, 2018FY2016ended Dec 31, 2016filed Feb 23, 2017FY2015ended Dec 31, 2015filed Feb 24, 2016FY2014ended Dec 31, 2014filed Feb 25, 2015FY2013ended Dec 31, 2013filed Feb 19, 2014FY2012ended Dec 31, 2012filed Feb 21, 2013FY2011ended Dec 31, 2011filed Feb 23, 2012FY2010ended Dec 31, 2010filed Feb 25, 2011FY2009ended Dec 31, 2009filed Aug 3, 2010FY2008ended Dec 31, 2008filed Aug 3, 2010
Cash and equivalents3680616445333007831490028261195116
Short-term investments——————————————————
Total current assets811435916737613204253429549225519745648341463275209—
Total assets9,2538,5776,3805,7165,2344,9766,2926,3536,1776,3945,6226,4834,7054,2003,7992,7442,361—
Total current liabilities1,169790634599889584472466559415303785639542506502297—
Long-term debt————2,0812,2142,610—————1,6001,100————
Total liabilities——————————————————
Stockholders’ equity4,8104,2373,6163,0852,0632,0162,7492,9202,3952,4971,8522,287——————
Shares outstanding (millions)238114116122122115113112112111686767666363——

Cash flow statement

SM Energy Company cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 26, 2026FY2024ended Dec 31, 2024filed Feb 20, 2025FY2023ended Dec 31, 2023filed Feb 22, 2024FY2022ended Dec 31, 2022filed Feb 23, 2023FY2021ended Dec 31, 2021filed Feb 25, 2022FY2020ended Dec 31, 2020filed Feb 18, 2021FY2019ended Dec 31, 2019filed Feb 20, 2020FY2018ended Dec 31, 2018filed Feb 21, 2019FY2017ended Dec 31, 2017filed Feb 21, 2018FY2016ended Dec 31, 2016filed Feb 23, 2017FY2015ended Dec 31, 2015filed Feb 24, 2016FY2014ended Dec 31, 2014filed Feb 25, 2015FY2013ended Dec 31, 2013filed Feb 19, 2014FY2012ended Dec 31, 2012filed Feb 21, 2013FY2011ended Dec 31, 2011filed Feb 23, 2012FY2010ended Dec 31, 2010filed Feb 25, 2011FY2009ended Dec 31, 2009filed Aug 3, 2010FY2008ended Dec 31, 2008filed Aug 3, 2010
Operating cash flow2,0111,7831,5741,6861,1607918247215155539911,4571,339922761497436679
Capital expenditures——————————————————
Free cash flow (CFO − capex)——————————————————
Depreciation and amortization——————————————————
Share repurchases13862285700———————————77
Dividends paid9285722022111111877776666

Insider activity

Form 4 filings by officers, directors and 10% owners, November 9, 2024 to November 9, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, three months
$788K
2 sales by 2 insiders; officers and directors $788K
Bought, twelve months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, twelve months
$2M
3 sales by 3 insiders; officers and directors $2M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Sep 10, 2026Venkatraman AshwinDirectoropen-market sale3,650$38.28$140K12,525Sep 11, 2026
Aug 21, 2026Pursell A WadeEVP & CFOgift5,000$0.00—426,531Aug 24, 2026
Aug 21, 2026Lebeck James BarkerEVP, GC & Corp Secretaryopen-market sale17,500$37.02$648K14,705Aug 24, 2026
Jul 24, 2026Pursell A WadeEVP & CFOoption exercise16,917——438,934Jul 24, 2026
Jul 24, 2026Pursell A WadeEVP & CFOtax withholding7,403$26.10$193K431,531Jul 24, 2026
Jul 24, 2026Lebeck James BarkerEVP, GC & Corp Secretaryoption exercise7,520——35,496Jul 24, 2026
Jul 24, 2026Lebeck James BarkerEVP, GC & Corp Secretarytax withholding3,291$26.10$86K32,205Jul 24, 2026
Jul 1, 2026Lebeck James BarkerEVP, GC & Corp Secretaryoption exercise5,269——20,728Jul 2, 2026
Jul 1, 2026Lebeck James BarkerEVP, GC & Corp Secretarytax withholding2,306$26.10$60K18,422Jul 2, 2026
Jul 1, 2026Lebeck James BarkerEVP, GC & Corp Secretaryoption exercise6,108——24,530Jul 2, 2026
Jul 1, 2026Lebeck James BarkerEVP, GC & Corp Secretarytax withholding2,673$26.10$70K21,857Jul 2, 2026
Jul 1, 2026Lebeck James BarkerEVP, GC & Corp Secretaryoption exercise10,880——32,737Jul 2, 2026
Jul 1, 2026Lebeck James BarkerEVP, GC & Corp Secretarytax withholding4,761$26.10$124K27,976Jul 2, 2026
Jul 1, 2026McDonald Elizabeth AnnePresident & CEOoption exercise9,690——17,361Jul 2, 2026
Jul 1, 2026McDonald Elizabeth AnnePresident & CEOtax withholding4,240$26.10$111K13,121Jul 2, 2026
Jul 1, 2026McDonald Elizabeth AnnePresident & CEOoption exercise14,720——27,841Jul 2, 2026
Jul 1, 2026McDonald Elizabeth AnnePresident & CEOtax withholding6,440$26.10$168K21,401Jul 2, 2026
Jul 1, 2026Bennett Alan DVice President - Controlleroption exercise948——2,599Jul 2, 2026
Jul 1, 2026Bennett Alan DVice President - Controllertax withholding396$26.10$10K2,203Jul 2, 2026
Jul 1, 2026Bennett Alan DVice President - Controlleroption exercise630——2,833Jul 2, 2026
Jul 1, 2026Bennett Alan DVice President - Controllertax withholding264$26.10$7K2,569Jul 2, 2026
Jul 1, 2026Bennett Alan DVice President - Controlleroption exercise1,919——4,488Jul 2, 2026
Jul 1, 2026Bennett Alan DVice President - Controllertax withholding802$26.10$21K3,686Jul 2, 2026
Jul 1, 2026Pursell A WadeEVP & CFOoption exercise11,855——410,155Jul 2, 2026
Jul 1, 2026Pursell A WadeEVP & CFOtax withholding3,705$26.10$97K406,450Jul 2, 2026

Full insider history for SM Energy Company, or insider activity across all companies. A record of filings, not a recommendation.

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
SM ENERGY CO, CIK 893538 on EDGAR
Extract generated
November 8, 2026
Withheld
none
Repaired
none
XBRL concepts behind each line

Income statement

Revenue: Revenues
Cost of revenue: CostOfGoodsAndServicesSold
Gross profit: not filed
Research and development: not filed
Selling, general and administrative: GeneralAndAdministrativeExpense
Operating income: OperatingIncomeLoss
Other income (expense): OtherNonoperatingIncomeExpense
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest, IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss, ProfitLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: AssetsCurrent
Total assets: Assets
Total current liabilities: LiabilitiesCurrent
Long-term debt: LongTermDebt, LongTermDebtNoncurrent
Total liabilities: not filed
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: not filed
Free cash flow (CFO − capex): not filed
Depreciation and amortization: not filed
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: PaymentsOfDividends, PaymentsOfDividendsCommonStock

The data

The statements on this page as files, generated November 8, 2026.

JSON file
/data/financials/SM.json