SM Energy CoSMEarnings & Financial Report
NYSE · Energy · Crude Petroleum & Natural Gas
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
Revenue
$643.6M
Gross Profit
N/A
Operating Profit
$331.0M
Net Profit
$240.5M
Gross Margin
N/A
Operating Margin
51.4%
Net Margin
37.4%
YoY Growth
0.4%
EPS
$2.09
SM Energy Co Q3 FY2024 Financial Summary
SM Energy Co reported revenue of $643.6M (up 0.4% YoY) for Q3 FY2024, with a net profit of $240.5M (up 8.2% YoY) (37.4% margin).
Key Financial Metrics
| Total Revenue | $643.6M |
|---|---|
| Net Profit | $240.5M |
| Gross Margin | N/A |
| Operating Margin | 51.4% |
| Report Period | Q3 FY2024 |
Revenue Breakdown
SM Energy Co Q3 FY2024 revenue of $643.6M breaks down across 3 segments, led by Oil Revenue at $386.9M (60.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Oil Revenue | $386.9M | 60.1% |
| South Texas | $236.0M | 36.7% |
| Natural Gas Revenue | $19.3M | 3.0% |
SM Energy Co Annual Revenue by Year
SM Energy Co annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $3.2B |
| 2024 | $2.7B |
| 2023 | $2.4B |
| 2022 | $3.4B |
SM Energy Co Quarterly Revenue & Net Profit History
SM Energy Co results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $704.9M | -17.3% | N/A | N/A |
| Q3 FY2025 | $811.6M | +26.1% | $155.1M | 19.1% |
| Q2 FY2025 | $792.9M | +25.0% | $201.7M | 25.4% |
| Q1 FY2025 | $844.5M | +50.8% | $182.3M | 21.6% |
| Q4 FY2024 | $852.0M | +39.9% | N/A | N/A |
| Q3 FY2024 | $643.6M | +0.4% | $240.5M | 37.4% |
| Q2 FY2024 | $634.6M | +15.2% | $210.3M | 33.1% |
| Q1 FY2024 | $559.9M | -2.4% | $131.2M | 23.4% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $559.9M | $634.6M | $643.6M | $852.0M | $844.5M | $792.9M | $811.6M | $704.9M |
| YoY Growth | -2.4% | 15.2% | 0.4% | 39.9% | 50.8% | 25.0% | 26.1% | -17.3% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $6.40B | $6.66B | $8.03B | $8.58B | $8.79B | $8.99B | $9.09B | $9.25B |
| Liabilities | $2.70B | $2.81B | $3.97B | $4.34B | $4.38B | $4.40B | $4.38B | $4.44B |
| Equity | $3.70B | $3.84B | $4.06B | $4.24B | $4.40B | $4.59B | $4.71B | $4.81B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $276.0M | $476.4M | $452.3M | $578.4M | $483.0M | $571.1M | $505.0M | $451.9M |