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SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the United States. The company holds working interests in oil and gas producing wells in the Midland Basin, South Texas, Uinta Basin, and DJ Basin. The company was formerly known as St. Mary Land & Exploration Company and changed its name to SM Energy Company in May 2010. SM Energy Company was founded in 1908 and is headquartered in Denver, Colorado.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $3.1B | $2.2B | $648M | $539M | 13.5% | 17.5% | -15.8% |
| 2024 | $2.7B | $1.9B | $770M | $-1.6B | 18.2% | 13.0% | -5.9% |
| 2023 | $2.4B | $1.7B | $818M | $475M | 22.6% | -29.3% | -26.4% |
| 2022 | $3.3B | $2.1B | $1.1B | $806M | 36.0% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 3,138 |
| Operating Revenue | 3,138 |
| Cost Of Revenue | 2,092 |
| Gross Profit | 1,046 |
| Operating Expense | 224 |
| Selling General And Administration | 161 |
| Total Expenses | 2,316 |
| Operating Income | 822 |
| Total Operating Income As Reported | 1,000 |
| EBITDA | 2,210 |
| Normalized EBITDA | 2,032 |
| EBIT | 1,003 |
| Interest Income | 3 |
| Interest Expense | 173 |
| Net Interest Income | -170 |
| Other Non Operating Income Expenses | - |
| Other Income Expense | 178 |
| Interest Income Non Operating | 3 |
| Interest Expense Non Operating | 173 |
| Net Non Operating Interest Income Expense | -170 |
| Pretax Income | 830 |
| Tax Provision | 182 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | 39.16 |
| Net Income Continuous Operations | 648 |
| Net Income From Continuing And Discontinued Operation | 648 |
| Net Income From Continuing Operation Net Minority Interest | 648 |
| Net Income | 648 |
| Net Income Common Stockholders | 648 |
| Net Income Including Noncontrolling Interests | 648 |
| Normalized Income | 509.16 |
| Diluted NI Availto Com Stockholders | 648 |
| Basic Average Shares | 115 |
| Diluted Average Shares | 115 |
| Reconciled Depreciation | 1,207 |
| Reconciled Cost Of Revenue | 2,092 |
| Total Unusual Items | 178 |
| Total Unusual Items Excluding Goodwill | 178 |
| Special Income Charges | - |
| Other Special Charges | - |
| Write Off | - |
| Impairment Of Capital Assets | - |
| Gain On Sale Of Security | 178 |
| General And Administrative Expense | 161 |
| Other Gand A | 161 |
| Other Operating Expenses | 63 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| SM Energy Companythis co. | SM | $8.1B | 12.56↓ discount | 1.69 | 13.5% | 4.75 |
| Kinetik Holdings Inc. | KNTK | $7.7B | 14.55 | -13.54 | -93.0% | 9.72 |
| Noble Corporation plc | NE | $7.4B | 34.37 | 1.64 | 4.8% | 8.84 |
| Kodiak Gas Services, Inc. | KGS | $6.9B | 85.36 | 5.72 | 6.7% | 16.12 |
| Archrock, Inc. | AROC | $6.1B | 18.91 |
| - |
| - |
| - |
| - |
| - |
| 4.09 |
| 21.6% |
| 10.01 |
| California Resources Corporation | CRC | $5.4B | 14.92 | 1.47 | 9.9% | 5.94 |
| Magnolia Oil & Gas Corporation | MGY | $5.4B | 16.51 | 2.77 | 16.8% | 6.29 |
| Liberty Energy Inc. | LBRT | $5.2B | 34.83 | 2.48 | 7.1% | 7.80 |
| Core Natural Resources, Inc. | CNR | $5.0B | -32.54 | 1.36 | -4.2% | 11.71 |
| Peer Median | - | 17.71 | 2.06 | 6.9% | 9.28 | |