SM SM ENERGY COMPANY revenue, earnings and financials

For the quarter ended June 30, 2026, SM ENERGY COMPANY reported revenue of $2.50B (up 215.3% from a year earlier), net income of $1.07B and diluted EPS of $4.46; over the last four quarters revenue was $5.50B and net income $1.00B; for the fiscal year ended December 2025 revenue was $3.15B, up 17.2% on the year before.

SM annual revenue and earnings

• Fiscal year ended Dec 2025: revenue $3.15B, gross profit n/a, operating income $1.00B, net income $648M (margin 20.5%), EPS $5.64
• Fiscal year ended Dec 2024: revenue $2.69B, gross profit n/a, operating income $1.08B, net income $770M (margin 28.6%), EPS $6.67
• Fiscal year ended Dec 2023: revenue $2.37B, gross profit n/a, operating income $987M, net income $818M (margin 34.5%), EPS $6.86
• Fiscal year ended Dec 2022: revenue $3.36B, gross profit n/a, operating income $1.58B, net income $1.11B (margin 33.1%), EPS $8.96
• Fiscal year ended Dec 2021: revenue $2.62B, gross profit n/a, operating income $209M, net income $36.0M (margin 1.4%), EPS $0.29

SM quarterly revenue and earnings

• Quarter ended Jun 30, 2026: revenue $2.50B (up 215.3% year over year), net income $1.07B, EPS $4.46
• Quarter ended Mar 31, 2026: revenue $1.48B (up 75.0% year over year), net income −$335M, EPS −$1.68
• Quarter ended Dec 31, 2025 (from the annual report): revenue $704M (down 17.3% year over year), net income $109M, EPS $0.94
• Quarter ended Sep 30, 2025: revenue $812M (up 26.1% year over year), net income $155M, EPS $1.35
• Quarter ended Jun 30, 2025: revenue $793M (up 25.0% year over year), net income $202M, EPS $1.76
• Quarter ended Mar 31, 2025: revenue $845M (up 50.9% year over year), net income $182M, EPS $1.59
• Quarter ended Dec 31, 2024 (from the annual report): revenue $852M (up 39.9% year over year), net income $188M, EPS $1.63
• Quarter ended Sep 30, 2024: revenue $644M (up 0.4% year over year), net income $241M, EPS $2.09
• Quarter ended Jun 30, 2024: revenue $635M (up 15.2% year over year), net income $210M, EPS $1.82
• Quarter ended Mar 31, 2024: revenue $560M (down 2.4% year over year), net income $131M, EPS $1.13
• Quarter ended Dec 31, 2023 (from the annual report): revenue $609M (down 9.3% year over year), net income $247M, EPS $2.11
• Quarter ended Sep 30, 2023: revenue $641M (down 23.3% year over year), net income $222M, EPS $1.88
• Quarter ended Jun 30, 2023: revenue $551M (down 44.5% year over year), net income $150M, EPS $1.25
• Quarter ended Mar 31, 2023: revenue $574M (down 33.3% year over year), net income $199M, EPS $1.62
• Quarter ended Dec 31, 2022 (from the annual report): revenue $671M (down 21.5% year over year), net income $259M, EPS $2.10
• Quarter ended Sep 30, 2022: revenue $835M (up 9.9% year over year), net income $481M, EPS $3.87
• Quarter ended Jun 30, 2022: revenue $992M (up 76.0% year over year), net income $323M, EPS $2.60
• Quarter ended Mar 31, 2022: revenue $860M (up 93.7% year over year), net income $48.8M, EPS $0.39
• Quarter ended Dec 31, 2021 (from the annual report): revenue $855M, net income $425M, EPS $3.67
• Quarter ended Sep 30, 2021: revenue $760M, net income $85.6M, EPS $0.69

SM cash flow, buybacks and dividends

• Fiscal year ended Dec 2025: operating cash flow $2.01B, share buybacks $13.0M, dividends $0.80 per share
• Fiscal year ended Dec 2024: operating cash flow $1.78B, share buybacks $86.0M, dividends $0.76 per share
• Fiscal year ended Dec 2023: operating cash flow $1.57B, share buybacks $228M, dividends $0.63 per share
• Fiscal year ended Dec 2022: operating cash flow $1.69B, share buybacks $57.2M, dividends $0.31 per share
• Fiscal year ended Dec 2021: operating cash flow $1.16B, share buybacks $0, dividends $0.02 per share

SM balance sheet

• Jun 30, 2026: cash $620M, total assets $18.9B, total liabilities n/a, shareholders' equity $7.81B
• Mar 31, 2026: cash $449M, total assets $19.1B, total liabilities n/a, shareholders' equity $6.87B
• Dec 31, 2025: cash $368M, total assets $9.25B, total liabilities n/a, shareholders' equity $4.81B
• Sep 30, 2025: cash $162M, total assets $9.09B, total liabilities n/a, shareholders' equity $4.71B
• Jun 30, 2025: cash $102M, total assets $8.99B, total liabilities n/a, shareholders' equity $4.59B
• Mar 31, 2025: cash $54.0K, total assets $8.79B, total liabilities n/a, shareholders' equity $4.40B
• Dec 31, 2024: cash $0, total assets $8.58B, total liabilities n/a, shareholders' equity $4.24B
• Sep 30, 2024: cash $1.74B, total assets $8.03B, total liabilities n/a, shareholders' equity $4.06B

What is SM's revenue?

SM ENERGY COMPANY reported $5.50B of revenue over its last four quarters, through June 30, 2026.

Is SM profitable?

Yes. SM ENERGY COMPANY earned $1.00B over the last four quarters.

What is SM's EPS?

Diluted earnings per share over the last four quarters were $5.07; $4.46 in the latest quarter.

Does SM pay a dividend?

SM ENERGY COMPANY paid $0.80 per share in dividends in the fiscal year ended December 2025.

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