# SM Energy Company (SM)

**Exchange:** NYSE  
**Sector:** Energy  
**Market cap:** $3.78B  
**Price:** $32.83 (+5.63%)

> SM Energy Company is an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids. It operates a portfolio of high-quality assets primarily in key U.S. basins, including the Midland Basin in West Texas, the Maverick Basin in South Texas, and the Uinta Basin in northeastern Utah. The company focuses on efficient resource extraction and production from working interests in oil and gas wells, contributing to the energy minerals sector, specifically oil and gas production. SM Energy Company emphasizes operational excellence, flexibility, and commitment to top-tier assets to deliver resources that support daily energy needs. Founded in 1908 and headquartered in Denver, Colorado, it plays a vital role in the upstream segment of the fossil fuels industry, classified under crude petroleum extraction.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $3.15B | — | $1.00B | $648M | — |
| 2024 | $2.69B | — | $1.08B | $770M | — |
| 2023 | $2.37B | — | $987M | $818M | — |
| 2022 | $3.36B | — | $1.58B | $1.11B | — |
| 2021 | $2.62B | — | $209M | $36M | — |
| 2020 | $1.13B | — | -$1.07B | -$765M | — |
| 2019 | $1.59B | $1.09B | -$70M | -$187M | — |
| 2018 | $2.07B | $1.58B | $836M | $508M | — |
| 2017 | $1.13B | $621M | -$164M | -$161M | — |
| 2016 | $1.22B | $620M | -$1.06B | -$758M | — |
| 2015 | $1.56B | — | -$579M | -$448M | — |
| 2014 | $2.52B | — | $1.17B | — | — |
| 2013 | $2.29B | — | $368M | — | — |
| 2012 | $1.51B | — | -$20M | — | — |
| 2011 | $1.60B | — | $384M | — | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $9.25B | $4.44B | $4.81B | $368M | — |
| 2024 | $8.58B | $4.34B | $4.24B | — | — |
| 2023 | $6.38B | $2.76B | $3.62B | $616M | — |
| 2022 | $5.72B | $2.63B | $3.08B | $445M | — |
| 2021 | $5.23B | $3.17B | $2.06B | $333M | $2.08B |
| 2020 | $4.98B | $2.96B | $2.02B | $10,000 | $2.21B |
| 2019 | $6.29B | $3.54B | $2.75B | $10,000 | $2.61B |
| 2018 | $6.35B | $3.43B | $2.92B | $78M | — |
| 2017 | $6.18B | $3.78B | $2.39B | $314M | — |
| 2016 | $6.39B | $3.90B | $2.50B | $9M | — |
| 2015 | $5.62B | $3.77B | $1.85B | $18,000 | — |
| 2014 | $6.48B | $4.20B | $2.29B | $120,000 | — |
| 2013 | $4.71B | $3.10B | $1.61B | $282M | $1.60B |
| 2012 | $4.20B | $2.79B | $1.41B | $6M | $1.10B |
| 2011 | $3.80B | $2.34B | $1.46B | $119M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $2.01B | — | — |
| 2024 | $1.78B | — | — |
| 2023 | $1.57B | — | — |
| 2022 | $1.69B | — | — |
| 2021 | $1.16B | — | — |
| 2020 | $791M | — | — |
| 2019 | $824M | — | — |
| 2018 | $721M | — | — |
| 2017 | $515M | — | — |
| 2016 | $553M | — | — |
| 2015 | $991M | — | — |
| 2014 | $1.46B | — | — |
| 2013 | $1.34B | — | — |
| 2012 | $922M | — | — |
| 2011 | $761M | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/SM)