SM Energy Company (0KZA.L)

Name: SM Energy Company Financial Statements
Creator: Quarter Results

Energy | Oil Gas Energy

Latest reporting period: 2025-12-31

Latest Quarter

2025-12-31

Revenue

$718M

Net Income

$109M

Operating Margin

0.6%

Free Cash Flow

$573M

Debt / Assets

48.0%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for SM Energy Company (0KZA.L).
Income Statement (Quarterly)	2025-12-31	2025-09-30	2025-06-30	2025-03-31
Revenue	718,295,000	811,009,000	785,076,000	839,620,000
Cost of Revenue	582,621,000	554,408,000	516,998,000	494,973,000
Gross Profit	135,674,000	256,601,000	268,078,000	344,647,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	40,247,000	39,317,000	42,097,000	39,339,000
Operating Expenses	131,352,000	10,119,000	-26,830,000	68,359,000
Operating Income	4,322,000	246,482,000	294,908,000	276,288,000
Interest Expense	302,871,000	42,937,000	42,561,000	44,373,000
Income Before Tax	141,204,000	204,293,000	252,502,000	232,001,000
Income Tax Expense	32,226,000	49,205,000	50,837,000	49,732,000
Net Income	108,978,000	155,088,000	201,665,000	182,269,000
Per Share
EPS	0.95	1.35	1.76	1.59
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for SM Energy Company (0KZA.L).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Revenue	3,154,000,000	2,671,285,000	2,373,886,000	3,358,647,000
Cost of Revenue	2,149,000,000	1,446,276,000	1,254,024,000	1,287,103,000
Gross Profit	1,005,000,000	1,225,009,000	1,119,862,000	2,071,544,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	161,000,000	138,344,000	121,063,000	114,558,000
Operating Expenses	183,000,000	149,314,000	122,959,000	118,051,000
Operating Income	822,000,000	1,075,695,000	986,906,000	1,953,493,000
Interest Expense	173,000,000	140,659,000	91,630,000	137,946,000
Income Before Tax	830,000,000	966,223,000	914,202,000	1,395,770,000
Income Tax Expense	182,000,000	195,930,000	96,322,000	283,818,000
Net Income	648,000,000	770,293,000	817,880,000	1,111,952,000
Per Share
EPS	5.65	6.71	6.89	9.09
EPS Diluted	0.00	0.00	0.00	0.00

Balance sheet quarterly history for SM Energy Company (0KZA.L).
Balance Sheet (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	368,000,000	0	616,164,000	444,998,000
Short Term Investments	0	0	0	0
Net Receivables	331,000,000	360,976,000	231,165,000	233,297,000
Inventory	0	0	0	1
Total Current Assets	811,000,000	434,699,000	916,439,000	737,203,000
Property Plant Equipment	65,000,000	7,992,709,000	5,376,420,000	4,909,147,000
Goodwill and Intangibles	0	0	0	0
Total Assets	9,253,000,000	8,576,647,000	6,379,985,000	5,803,240,000
Liabilities
Account Payables	0	82,500,000	107,315,000	43,898,000
Short Term Debt	0	22,419,000	0	10,114,000
Total Current Liabilities	1,169,000,000	789,950,000	633,812,000	598,584,000
Long Term Debt	2,296,000,000	2,819,645,000	1,599,686,000	1,572,210,000
Total Liabilities	4,443,000,000	4,339,390,000	2,764,135,000	2,717,782,000
Shareholders Equity
Retained Earnings	3,291,000,000	2,735,494,000	2,052,279,000	1,308,558,000
Total Shareholders Equity	4,810,000,000	4,237,257,000	3,615,850,000	3,085,458,000

Balance sheet annual history for SM Energy Company (0KZA.L).
Balance Sheet (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	368,000,000	0	616,164,000	444,998,000
Short Term Investments	0	0	0	0
Net Receivables	331,000,000	360,976,000	231,165,000	233,297,000
Inventory	0	0	0	1
Total Current Assets	811,000,000	434,699,000	916,439,000	737,203,000
Property Plant Equipment	65,000,000	7,992,709,000	5,376,420,000	4,909,147,000
Goodwill and Intangibles	0	0	0	0
Total Assets	9,253,000,000	8,576,647,000	6,379,985,000	5,803,240,000
Liabilities
Account Payables	0	82,500,000	107,315,000	43,898,000
Short Term Debt	0	22,419,000	0	10,114,000
Total Current Liabilities	1,169,000,000	789,950,000	633,812,000	598,584,000
Long Term Debt	2,296,000,000	2,819,645,000	1,599,686,000	1,572,210,000
Total Liabilities	4,443,000,000	4,339,390,000	2,764,135,000	2,717,782,000
Shareholders Equity
Retained Earnings	3,291,000,000	2,735,494,000	2,052,279,000	1,308,558,000
Total Shareholders Equity	4,810,000,000	4,237,257,000	3,615,850,000	3,085,458,000

Cash flow quarterly history for SM Energy Company (0KZA.L).
Cash Flow Statement (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	648,000,000	770,293,000	817,880,000	1,111,952,000
Depreciation & Amortization	1,207,000,000	809,305,000	690,481,000	611,248,000
Stock Based Compensation	29,000,000	25,021,000	20,250,000	20,065,000
Change in Working Capital	14,000,000	11,208,000	-4,551,000	-72,063,000
Operating Cash Flow	2,011,000,000	1,782,514,000	1,574,394,000	1,686,406,000
Investing Activities
Capital Expenditure	-1,438,000,000	-3,414,307,000	-1,099,342,000	-879,934,000
Investments	-1,438,000,000	-1,310,630,000	-1,099,342,000	-879,934,000
Investing Cash Flow	-1,468,000,000	-3,407,171,000	-1,098,685,000	-880,263,000
Financing Activities
Debt Repayment	-68,000,000	1,196,181,000	0	-584,946,000
Common Stock Issued/Repurchased	-10,000,000	-82,855,000	-225,047,000	-54,168,000
Dividends Paid	-92,000,000	-85,020,000	-71,614,000	-19,637,000
Financing Cash Flow	-175,000,000	1,008,493,000	-304,543,000	-693,861,000
Summary
Free Cash Flow	573,000,000	-1,631,793,000	475,052,000	806,472,000
Net Change in Cash	368,000,000	-616,164,000	171,166,000	112,282,000

Cash flow annual history for SM Energy Company (0KZA.L).
Cash Flow Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	648,000,000	770,293,000	817,880,000	1,111,952,000
Depreciation & Amortization	1,207,000,000	809,305,000	690,481,000	611,248,000
Stock Based Compensation	29,000,000	25,021,000	20,250,000	20,065,000
Change in Working Capital	14,000,000	11,208,000	-4,551,000	-72,063,000
Operating Cash Flow	2,011,000,000	1,782,514,000	1,574,394,000	1,686,406,000
Investing Activities
Capital Expenditure	-1,438,000,000	-3,414,307,000	-1,099,342,000	-879,934,000
Investments	-1,438,000,000	-1,310,630,000	-1,099,342,000	-879,934,000
Investing Cash Flow	-1,468,000,000	-3,407,171,000	-1,098,685,000	-880,263,000
Financing Activities
Debt Repayment	-68,000,000	1,196,181,000	0	-584,946,000
Common Stock Issued/Repurchased	-10,000,000	-82,855,000	-225,047,000	-54,168,000
Dividends Paid	-92,000,000	-85,020,000	-71,614,000	-19,637,000
Financing Cash Flow	-175,000,000	1,008,493,000	-304,543,000	-693,861,000
Summary
Free Cash Flow	573,000,000	-1,631,793,000	475,052,000	806,472,000
Net Change in Cash	368,000,000	-616,164,000	171,166,000	112,282,000