SM Energy Company
0KZA.L
$20.38 1.09%
Exchange: LSE | Sector: Energy | Industry: Oil Gas Energy
Q3 2024
Published: Nov 1, 2024

Earnings Highlights

  • Revenue of $643.61M up 0.6% year-over-year
  • EPS of $2.09 increased by 11.1% from previous year
  • Gross margin of 45.4%
  • Net income of 240.52M
  • "N/A" - N/A
0KZA.L
Company 0KZA.L

Executive Summary

SM Energy Company delivered a solid QQ3 2024 performance with meaningful profitability and robust cash generation. Revenue of $643.6 million supported an EBITDA of $551.3 million and an operating income of $330.95 million, translating to an EBITDA margin of approximately 85.7% and an operating margin of about 51.4%. Net income reached $240.5 million, with basic and diluted EPS of $2.10 and $2.09, respectively. The company generated $452.3 million of operating cash flow and $149.3 million of free cash flow, funding capital expenditures of $302.9 million and contributing to a strong ending cash balance of $1.837 billion. Net debt stood at $971.4 million, while liquidity remained ample with a current ratio of 3.52 and cash reserves of roughly $1.735 billion.

Key Performance Indicators

Revenue
Increasing
643.61M
QoQ: 1.43% | YoY: 0.61%
Gross Profit
Decreasing
292.29M
45.41% margin
QoQ: -2.95% | YoY: -6.34%
Operating Income
Increasing
330.95M
QoQ: 23.83% | YoY: 69.20%
Net Income
Increasing
240.52M
QoQ: 14.38% | YoY: 8.18%
EPS
Increasing
2.10
QoQ: 14.75% | YoY: 11.11%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q3 2025 811.59 1.35 +26.1% View
Q2 2025 785.08 1.76 +23.7% View
Q1 2025 844.54 1.59 +50.9% View
Q4 2024 835.86 1.63 +37.7% View
Q3 2024 643.61 2.09 +0.6% View