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SM Energy Company

SM

NYSEEnergyOil & Gas Exploration & Production

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Previous close

$37.20

−$0.44 · -1.17%

Aug 21, 4:00 PM ET

SM company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

48

Fair Value

Momentum

46

Neutral

Sentiment

77

Bullish

Risk resilience

53

Elevated Risk

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Company profile

Company website

SM Energy Company is an independent firm dedicated to the exploration, development, acquisition, and production of oil, natural gas, and natural gas liquids. Its operations are exclusively concentrated within the state of Texas. As of February 24, 2022, the company reported an impressive 492.0 million barrels of oil equivalent in estimated proved reserves. Furthermore, it holds working stakes in 825 active oil wells and 483 active gas wells, primarily situated in the Midland Basin and South Texas regions. Established in 1908, the company is headquartered in Denver, Colorado. It adopted its current name, SM Energy Company, in May 2010, having previously been known as St. Mary Land & Exploration Company.

Industry
Oil & Gas Exploration & Production
Sector
Energy
Headquarters
US
CEO
Elizabeth Anne McDonald
Listed since
Dec 16, 1992
Employees
1,241

Market position

Day range

Current $37.20

52-week range

Current $37.20

Open
$37.825
Previous close
$37.64
Volume
2.99M
0.75× average
Average volume
3.99M
Average daily volume
Market cap
8.92B USD
Beta
0.74
Market reference 1
50-day average
$30.3506
+22.57% above average
200-day average
$25.8479
+43.92% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
9.61×
P/B (TTM)
1.14×
P/S (TTM)
1.62×
Dividend yield
2.26%

Profitability & efficiency

Gross margin
61.49%
Operating margin
26.30%
Net margin
18.16%

Financial health

Debt / equity
0.9×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends70%45%20%-5%Gross margin, FY2021: 50.74%Gross margin, FY2022: 63.40%Gross margin, FY2023: 46.95%Gross margin, FY2024: 45.86%Gross margin, FY2025: 31.86%Operating margin, FY2021: 8.05%Operating margin, FY2022: 47.21%Operating margin, FY2023: 41.75%Operating margin, FY2024: 40.27%Operating margin, FY2025: 26.06%Net margin, FY2021: 1.39%Net margin, FY2022: 33.23%Net margin, FY2023: 34.60%Net margin, FY2024: 28.84%Net margin, FY2025: 20.55%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 50.74%. Gross margin FY2022 63.40%. Gross margin FY2023 46.95%. Gross margin FY2024 45.86%. Gross margin FY2025 31.86%. Operating margin FY2021 8.05%. Operating margin FY2022 47.21%. Operating margin FY2023 41.75%. Operating margin FY2024 40.27%. Operating margin FY2025 26.06%. Net margin FY2021 1.39%. Net margin FY2022 33.23%. Net margin FY2023 34.60%. Net margin FY2024 28.84%. Net margin FY2025 20.55%.

Income trends

Revenue

3.15B USD+18.07%

Operating income

822M USD-23.58%

Net income

648M USD-15.88%
Income trends across reported periods3.68B USD2.35B USD1.03B USD−294.74M USDRevenue, FY2021: 2.6B USDRevenue, FY2022: 3.35B USDRevenue, FY2023: 2.36B USDRevenue, FY2024: 2.67B USDRevenue, FY2025: 3.15B USDOperating income, FY2021: 209.12M USDOperating income, FY2022: 1.58B USDOperating income, FY2023: 986.91M USDOperating income, FY2024: 1.08B USDOperating income, FY2025: 822M USDNet income, FY2021: 36.23M USDNet income, FY2022: 1.11B USDNet income, FY2023: 817.88M USDNet income, FY2024: 770.29M USDNet income, FY2025: 648M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.6B USD. Revenue FY2022 3.35B USD. Revenue FY2023 2.36B USD. Revenue FY2024 2.67B USD. Revenue FY2025 3.15B USD. Operating income FY2021 209.12M USD. Operating income FY2022 1.58B USD. Operating income FY2023 986.91M USD. Operating income FY2024 1.08B USD. Operating income FY2025 822M USD. Net income FY2021 36.23M USD. Net income FY2022 1.11B USD. Net income FY2023 817.88M USD. Net income FY2024 770.29M USD. Net income FY2025 648M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue3.15B USD2.67B USD2.36B USD3.35B USD2.6B USD
Cost of goods sold2.15B USD1.45B USD1.25B USD1.22B USD1.28B USD
Gross profit1.01B USD1.23B USD1.11B USD2.12B USD1.32B USD
Selling, general, and administrative161M USD138.34M USD121.06M USD114.56M USD111.95M USD
Operating expenses183M USD149.31M USD122.96M USD541.73M USD1.11B USD
Interest income3M USD31.9M USD19.85M USD5.77M USD1.72M USD
Interest expense173M USD140.66M USD91.63M USD120.35M USD160.35M USD
Depreciation and amortization1.21B USD809.31M USD690.48M USD603.78M USD774.39M USD
Operating income822M USD1.08B USD986.91M USD1.58B USD209.12M USD
Net income648M USD770.29M USD817.88M USD1.11B USD36.23M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
91%
10 beats, 1 miss, 0 met estimates
Average EPS surprise
+12.10%
11 comparable reports
Latest EPS result
2.19
Estimate 1.96 · Beat by 11.73%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.31.771.250.72Q1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 19, 2025: actual 1.91, estimate 2, surprise -4.50%, Miss. Q2 2025, reported May 1, 2025: actual 1.76, estimate 1.62, surprise +8.64%, Beat. Q3 2025, reported Jul 31, 2025: actual 1.5, estimate 1.25, surprise +20.00%, Beat. Q4 2025, reported Nov 4, 2025: actual 1.33, estimate 1.25, surprise +6.40%, Beat. Q1 2026, reported Feb 25, 2026: actual 0.83, estimate 0.828, surprise +0.24%, Beat. Q2 2026, reported May 6, 2026: actual 1.55, estimate 1.12, surprise +38.39%, Beat. Q3 2026, reported Aug 5, 2026: actual 2.19, estimate 1.96, surprise +11.73%, Beat. Q4 2026, reported Nov 2, 2026: actual —, estimate 1.68, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates2.64B1.96B1.28B599.25MQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 19, 2025: actual 835.86M USD, estimate 849.44M USD, surprise -1.60%, Miss. Q2 2025, reported May 1, 2025: actual 839.62M USD, estimate 778.89M USD, surprise +7.80%, Beat. Q3 2025, reported Jul 31, 2025: actual 785.08M USD, estimate 824.22M USD, surprise -4.75%, Miss. Q4 2025, reported Nov 4, 2025: actual 811.01M USD, estimate 833.68M USD, surprise -2.72%, Miss. Q1 2026, reported Feb 25, 2026: actual 705M USD, estimate 764.55M USD, surprise -7.79%, Miss. Q2 2026, reported May 6, 2026: actual 1.48B USD, estimate 1.42B USD, surprise +4.29%, Beat. Q3 2026, reported Aug 5, 2026: actual 2.5B USD, estimate 2.02B USD, surprise +23.46%, Beat. Q4 2026, reported Nov 2, 2026: actual —, estimate 1.89B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$36.73

1.26% downside
Past 12 months12-month forecastHigh $52.00Average $36.73Low $16.00

Rating distribution

54 ratings
Strong buy00%
Buy3463%
Hold1630%
Sell47%
Strong sell00%

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.00

2025 complete year+4900.0% since 2021

2026 partial: $0.44

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 8, 2026

$0.22

Quarterly

Record Jun 8, 2026 · Payment Jun 22, 2026

Dividend

Ex-dividend Mar 9, 2026

$0.22

Quarterly

Record Mar 9, 2026 · Payment Mar 23, 2026

Dividend

Ex-dividend Dec 26, 2025

$0.20

Irregular

Record Dec 26, 2025 · Payment Jan 9, 2026

Dividend

Ex-dividend Oct 17, 2025

$0.20

Quarterly

Record Oct 17, 2025 · Payment Nov 3, 2025

Dividend

Ex-dividend Jul 18, 2025

$0.20

Quarterly

Record Jul 18, 2025 · Payment Aug 4, 2025

Dividend

Ex-dividend Apr 17, 2025

$0.20

Quarterly

Record Apr 18, 2025 · Payment May 5, 2025

SM peers

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ConocoPhillips logo

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$134.87

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Petróleo Brasileiro S.A. - Petrobras logo

PBR

Petróleo Brasileiro S.A. - Petrobras

$19.15

+0.74%

ETFs holding SM

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Small-Cap ETF logoiShares Core S&P Small-Cap ETFIJR
Market value
491.53M
Weight
0.44%
AUM
111.19B USD
Expense ratio
0.06%
Price / 1D
$147.31+0.64%
Avantis U.S. Small Cap Value ETF logoAvantis U.S. Small Cap Value ETFAVUV
Market value
287.87M
Weight
0.93%
AUM
31.27B USD
Expense ratio
0.25%
Price / 1D
$126.45+0.66%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
248.15M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
234.41M
Weight
0.29%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
179.27M
Weight
0.10%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
113.84M
Weight
0.17%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
State Street SPDR S&P Oil & Gas Exploration & Production ETF logoState Street SPDR S&P Oil & Gas Exploration & Production ETFXOP
Market value
97.87M
Weight
2.56%
AUM
3.82B USD
Expense ratio
0.35%
Price / 1D
$189.54+1.11%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
85.35M
Weight
0.09%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%

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