SM Energy Company (SM) — Financial statements
Income statement, balance sheet, and cash flow for SM Energy Company — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 3,154↑18.1% | 2,671↑13.0% | 2,364↓29.3% | 3,346↑28.8% | 2,598 | |
| Cost of Revenue | 2,149↑48.6% | 1,446↑15.3% | 1,254↑2.4% | 1,225↓4.3% | 1,280 | |
| Gross Profit | 1,005↓18.0% | 1,225↑10.4% | 1,110↓47.7% | 2,121↑60.9% | 1,318 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 161↑16.4% | 138↑14.3% | 121↑5.7% | 115↑2.3% | 112 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 161↑16.4% | 138↑14.3% | 121↑5.7% | 115↑2.3% | 112 | |
| Other Expenses | 22↑100.5% | 11↑478.6% | 2↓99.6% | 427↓57.2% | 997 | |
| Operating Expenses | 183↑22.6% | 149↑21.4% | 123↓77.3% | 542↓51.2% | 1,109 | |
| Total Costs & Expenses | 2,332↑46.2% | 1,596↑15.9% | 1,377↓22.0% | 1,766↓26.1% | 2,389 | |
| Operating Results | ||||||
| Operating Income | 822↓23.6% | 1,076↑9.0% | 987↓37.5% | 1,579↑655.3% | 209 | |
| Depreciation & Amortization | 1,207↑49.1% | 809↑17.2% | 690↑14.4% | 604↓22.0% | 774 | |
| EBITDA | 2,210↑15.3% | 1,916↑13.0% | 1,696↓20.0% | 2,120↑116.1% | 981 | |
| EBIT | 1,003↓9.4% | 1,107↑10.0% | 1,006↓33.7% | 1,516↑634.1% | 207 | |
| Interest & Other Income | ||||||
| Net Interest Income | -170↓56.3% | -109↓51.5% | -72↑37.4% | -115↑27.8% | -159 | |
| Interest Income | 3↓90.6% | 32↑60.7% | 20↑243.9% | 6↑236.5% | 2 | |
| Interest Expense | 173↑23.0% | 141↑53.5% | 92↓23.9% | 120↓24.9% | 160 | |
| Non-Operating Income | -181↓480.4% | -31↓64.8% | -19↓129.9% | 63↑2334.3% | 3 | |
| Other Income / Expenses | 8↑107.3% | -109↓50.6% | -73↑60.4% | -184↓12.7% | -163 | |
| Income Before Tax | 830↓14.1% | 966↑5.7% | 914↓34.5% | 1,396↑2923.3% | 46 | |
| Income Tax Expense | 182↓7.1% | 196↑103.4% | 96↓66.1% | 284↑2755.9% | 10 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 648↓15.9% | 770↓5.8% | 818↓26.4% | 1,112↑2969.2% | 36 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 648↓15.9% | 770↓5.8% | 818↓26.4% | 1,112↑2969.2% | 36 | |
| Bottom-Line Net Income | 648↓15.9% | 770↓5.8% | 818↓26.4% | 1,112↑2969.2% | 36 | |
| EPS (Basic) | 5.65↓15.8% | 6.71↓2.6% | 6.89↓24.2% | 9.09↑2930.0% | 0.30 | |
| EPS (Diluted) | 5.64↓15.4% | 6.67↓2.8% | 6.86↓23.4% | 8.96↑2989.7% | 0.29 | |
| Weighted Average Shares | 115↑0.2% | 115↓3.3% | 119↓3.0% | 122↑2.8% | 119 | |
| Weighted Average Diluted Shares | 115↓0.5% | 116↓3.1% | 119↓3.9% | 124↑0.3% | 124 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.