SM Energy Co
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $3.2B | $2.7B | $2.4B | $3.4B | $2.6B |
| Operating income | $1.0B | $1.1B | $987.0M | $1.6B | $209.1M |
| Interest expense | $173.0M | $141.0M | $92.0M | $120.3M | $160.4M |
| Pretax income | $830.0M | $966.0M | $914.0M | $1.4B | $46.2M |
| Income tax expense | $182.0M | $196.0M | $96.0M | $283.8M | $9.9M |
| Net income | $648.0M | $770.0M | $818.0M | $1.1B | $36.2M |
| Balance Sheet | |||||
| Cash and equivalents | $368.0M | $0 | $616.2M | $445.0M | $332.7M |
| Current assets | $811.0M | $435.0M | $916.4M | $737.2M | $613.2M |
| Total assets | $9.3B | $8.6B | $6.4B | $5.7B | $5.2B |
| Current liabilities | $1.2B | $790.0M | $633.8M | $598.6M | $889.3M |
| Stockholders' equity | $4.8B | $4.2B | $3.6B | $3.1B | $2.1B |
| Cash Flow Statement | |||||
| Cash from operations | $2.0B | $1.8B | $1.6B | $1.7B | $1.2B |
| Stock-based compensation | $29.0M | $25.0M | $20.0M | $18.8M | $18.8M |
| Capital expenditure | — | — | — | — | $10.8M |
| Free cash flow | — | — | — | — | $1.1B |
| Dividends paid | $92.0M | $85.0M | $72.0M | $19.6M | $2.4M |
| Share repurchases | $13.0M | $86.0M | $228.0M | $57.2M | $0 |
Shares outstanding 239.7M · Free float 97.2%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.