SM · XBRL financial data

SM Energy financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (SM's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	1,127	2,623	3,359	2,374	2,690	3,154
General and administrative	99	112	115	121	138	161
Other operating income (expense)	(25)	(46)	(3)	(21)	(16)	(22)
Operating income (loss)	(1,069)	209	1,579	987	1,076	1,000
Interest expense	164	160	120	92	141	173
Other income (expense)	(4)	(0)	4	(1)	(0)	0
Income tax expense (benefit)	(192)	10	284	96	196	182
Net income (loss)	(765)	36	1,112	818	770	648
Earnings per share, basic USD per share	(6.72)	0.30	9.09	6.89	6.71	5.65
Earnings per share, diluted USD per share	(6.72)	0.29	8.96	6.86	6.67	5.64
Weighted average shares, basic millions of shares	114	119	122	119	115	115
Weighted average shares, diluted millions of shares	114	124	124	119	116	115

Fiscal years (SM's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	0	333	445	616	0	368
Accounts receivable	162	247	233	231	361	331
Prepaid and other current assets	10	9	10	13	25	29
Total current assets	204	613	737	916	435	811
Property and equipment, net	4,702	4,576	4,883	5,376	7,993	8,202
Right-of-use asset	22	19	26	32	112	210
Total assets	4,976	5,234	5,716	6,380	8,577	9,253
Accounts payable	63	25	44	107	83	77
Accrued liabilities	65	71	126	145	200	167
Total current liabilities	584	889	599	634	790	1,169
Lease liability, non-current	12	19	24	24	43	80
Retained earnings	201	235	1,309	2,052	2,735	3,291
Total stockholders' equity	2,016	2,063	3,085	3,616	4,237	4,810
Total liabilities and equity	4,976	5,234	5,716	6,380	8,577	9,253
Common shares outstanding (cover page) millions of shares	115	122	122	116	114	238

Fiscal years (SM's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(765)	36	1,112	818	770	648
Stock-based compensation	15	19	19	20	25	29
Net cash from operating activities	791	1,160	1,686	1,574	1,783	2,011
Net cash from investing activities	(556)	(667)	(880)	(1,099)	(3,407)	(1,468)
Proceeds from issuing common stock	1	3	3	3	3	3
Share repurchases	0	0	57	228	86	13
Dividends paid	2	2	20	72	85	92
Net cash from financing activities	(235)	(160)	(694)	(305)	1,008	(175)
Net change in cash	0	333	112	171	(616)	368

SIC 1311 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 1311 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
SM Energy	442	2,170	1,122*	235.0M	Q3 FY26 10-QSep 30, 2026
Comstock Resources	45	353	170*	293.6M	Q2 FY26 10-QJun 30, 2026
Black Stone Minerals	5.5	130	102*	not reported	Q3 FY26 10-QSep 30, 2026
Murphy Oil	500	849	not reported	143.4M	Q3 FY26 10-QSep 30, 2026
Northern Oil & Gas	48	745	322	106.5M	Q2 FY26 10-QJun 30, 2026
Crescent Energy	6.1	1,351	608*	422.5M	Q3 FY26 10-QSep 30, 2026
Gulfport Energy	1.1	323	150*	17.7M	Q2 FY26 10-QJun 30, 2026
Par Pacific Holdings	731	3,052	not reported	50.1M	Q3 FY26 10-QSep 30, 2026
Dorchester Minerals	73	not reported	64*	49.1M	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.