SM Energy Company (SM) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.48B | 718.29M | 811.01M | 785.08M | 839.62M | 835.86M | 642.38M | 633.45M | 559.6M | 606.86M | 639.7M | 546.55M | 570.78M | 669.25M | 827.56M | 990.38M | 858.72M | 854.96M | 760.24M | 563.85M |
| Revenue Growth % | 76.15% | -14.06% | 26.25% | 23.94% | 50.04% | 37.74% | 0.42% | 15.9% | -1.96% | -9.32% | -22.7% | -44.81% | -33.53% | -21.72% | 8.86% | 75.65% | 93.47% | 166.93% | 169.58% | 232.4% |
| Cost of Goods Sold | 428M | 582.62M | 554.41M | 517M | 494.97M | 475.12M | 351.32M | 316.27M | 303.56M | 326.45M | 327.62M | 303.42M | 296.54M | 294.28M | 305.83M | 320.42M | 304.17M | 364.6M | 355.9M | 347.63M |
| COGS % of Revenue | 28.94% | 81.11% | 68.36% | 65.85% | 58.95% | 56.84% | 54.69% | 49.93% | 54.25% | 53.79% | 51.21% | 55.52% | 51.95% | 43.97% | 36.96% | 32.35% | 35.42% | 42.64% | 46.81% | 61.65% |
| Gross Profit | 1.05B | 135.67M | 256.6M | 268.08M | 344.65M | 360.74M | 291.06M | 317.18M | 256.03M | 280.41M | 312.08M | 243.13M | 274.24M | 374.97M | 521.73M | 669.96M | 554.55M | 490.36M | 404.33M | 216.22M |
| Gross Margin % | 71.06% | 18.89% | 31.64% | 34.15% | 41.05% | 43.16% | 45.31% | 50.07% | 45.75% | 46.21% | 48.79% | 44.48% | 48.05% | 56.03% | 63.04% | 67.65% | 64.58% | 57.36% | 53.19% | 38.35% |
| Gross Profit Growth % | 204.95% | -62.39% | -11.84% | -15.48% | 34.61% | 28.65% | -6.74% | 30.45% | -6.64% | -25.22% | -40.18% | -63.71% | -50.55% | -23.53% | 29.03% | 209.86% | 251.35% | 1285.4% | 7911.37% | 335.86% |
| Operating Expenses | 1.35B | 131.35M | 10.12M | -26.83M | 68.36M | 73.77M | -39.89M | 37.8M | 77.64M | -29.5M | 116.48M | 33.78M | 2.19M | 42.48M | 37.03M | 52.92M | 34.29M | 38.48M | 68.93M | 26.49M |
| OpEx % of Revenue | 91.21% | 18.29% | 1.25% | -3.42% | 8.14% | 8.83% | -6.21% | 5.97% | 13.87% | -4.86% | 18.21% | 6.18% | 0.38% | 6.35% | 4.47% | 5.34% | 3.99% | 4.5% | 9.07% | 4.7% |
| Selling, General & Admin | 174M | 40.25M | 39.32M | 42.1M | 39.34M | 41.91M | 35.14M | 31.11M | 30.18M | 36.64M | 29.25M | 27.5M | 27.67M | 32.84M | 28.43M | 28.29M | 25M | 37.06M | 25.53M | 24.64M |
| SG&A % of Revenue | 11.76% | 5.6% | 4.85% | 5.36% | 4.69% | 5.01% | 5.47% | 4.91% | 5.39% | 6.04% | 4.57% | 5.03% | 4.85% | 4.91% | 3.44% | 2.86% | 2.91% | 4.33% | 3.36% | 4.37% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | -298M | 4.32M | 246.48M | 294.91M | 276.29M | 286.97M | 330.95M | 279.38M | 178.4M | 309.91M | 195.6M | 209.35M | 272.05M | 331.49M | 484.7M | 617.04M | 520.26M | 451.89M | 335.4M | 189.72M |
| Operating Margin % | -20.15% | 0.6% | 30.39% | 37.56% | 32.91% | 34.33% | 51.52% | 44.1% | 31.88% | 51.07% | 30.58% | 38.3% | 47.66% | 49.53% | 58.57% | 62.3% | 60.59% | 52.85% | 44.12% | 33.65% |
| Operating Income Growth % | -207.86% | -98.49% | -25.52% | 5.56% | 54.87% | -7.4% | 69.2% | 33.45% | -34.42% | -6.51% | -59.65% | -66.07% | -47.71% | -26.64% | 44.51% | 225.23% | 289.07% | 362.65% | 425.22% | 160.68% |
| EBITDA | 134M | 323.06M | 571.85M | 587.9M | 546.19M | 547.49M | 533.89M | 459.03M | 344.58M | 499.02M | 384.95M | 367.18M | 426.24M | 476.1M | 631.65M | 776.25M | 680.74M | 660.65M | 546.85M | 403.19M |
| EBITDA Margin % | 9.06% | 44.98% | 70.51% | 74.88% | 65.05% | 65.5% | 83.11% | 72.47% | 61.58% | 82.23% | 60.18% | 67.18% | 74.68% | 71.14% | 76.33% | 78.38% | 79.27% | 77.27% | 71.93% | 71.51% |
| EBITDA Growth % | -75.47% | -40.99% | 7.11% | 28.07% | 58.51% | 9.71% | 38.69% | 25.01% | -19.16% | 4.81% | -39.06% | -52.7% | -37.39% | -27.93% | 15.51% | 92.53% | 119.96% | 3812.17% | 595.96% | 405.86% |
| D&A (Non-Cash Add-back) | 432M | 318.74M | 325.37M | 292.99M | 269.9M | 260.52M | 202.94M | 179.65M | 166.19M | 189.11M | 189.35M | 157.83M | 154.19M | 144.61M | 146.94M | 159.21M | 160.48M | 208.76M | 211.45M | 213.46M |
| EBIT | -298M | 444.07M | 247.23M | 295.06M | 276.37M | 287.72M | 348.33M | 285.69M | 185.14M | 315.73M | 199.47M | 214.11M | 276.52M | 331.49M | 484.7M | 617.04M | 520.26M | 451.89M | 335.4M | 189.72M |
| Net Interest Income | -113M | -300.99M | -42.11M | -42.38M | -44.26M | -45.51M | -32.66M | -15.47M | -15.1M | -17.86M | -19M | -17.15M | -17.76M | -22.64M | -21.28M | -35.5M | -39.39M | -40.09M | -40.86M | -39.54M |
| Interest Income | 0 | 1.88M | 828K | 182K | 113K | 783K | 18.02M | 6.33M | 6.77M | 6.05M | 4.11M | 4.99M | 4.7M | 0 | 1.55M | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 113M | 302.87M | 42.94M | 42.56M | 44.37M | 46.3M | 50.68M | 21.81M | 21.87M | 23.92M | 23.11M | 22.15M | 22.46M | 22.64M | 22.82M | 35.5M | 39.39M | 40.09M | 40.86M | 39.54M |
| Other Income/Expense | -112M | 136.88M | -42.19M | -42.41M | -44.29M | -45.55M | -33.3M | -15.5M | -15.13M | -18.1M | -19.23M | -17.39M | -17.99M | -8.16M | 115.92M | -206.85M | -458.63M | -16.95M | -249.85M | -412.88M |
| Pretax Income | -410M | 141.2M | 204.29M | 252.5M | 232M | 241.42M | 297.65M | 263.88M | 163.27M | 291.81M | 176.36M | 191.97M | 254.06M | 323.33M | 600.62M | 410.2M | 61.63M | 434.93M | 85.55M | -223.16M |
| Pretax Margin % | -27.72% | 19.66% | 25.19% | 32.16% | 27.63% | 28.88% | 46.34% | 41.66% | 29.18% | 48.09% | 27.57% | 35.12% | 44.51% | 48.31% | 72.58% | 41.42% | 7.18% | 50.87% | 11.25% | -39.58% |
| Income Tax | -75M | 32.23M | 49.2M | 50.84M | 49.73M | 53.14M | 57.13M | 53.59M | 32.07M | 44.7M | -45.98M | 42.09M | 55.51M | 64.87M | 119.38M | 86.71M | 12.86M | 10.03M | -39K | -162K |
| Effective Tax Rate % | 18.29% | 22.82% | 24.09% | 20.13% | 21.44% | 22.01% | 19.19% | 20.31% | 19.64% | 15.32% | -26.07% | 21.93% | 21.85% | 20.06% | 19.88% | 21.14% | 20.87% | 2.31% | -0.05% | 0.07% |
| Net Income | -335M | 108.98M | 155.09M | 201.66M | 182.27M | 188.28M | 240.52M | 210.29M | 131.2M | 247.11M | 222.34M | 149.87M | 198.55M | 258.46M | 481.24M | 323.49M | 48.76M | 424.9M | 85.59M | -223M |
| Net Margin % | -22.65% | 15.17% | 19.12% | 25.69% | 21.71% | 22.53% | 37.44% | 33.2% | 23.45% | 40.72% | 34.76% | 27.42% | 34.79% | 38.62% | 58.15% | 32.66% | 5.68% | 49.7% | 11.26% | -39.55% |
| Net Income Growth % | -283.79% | -42.12% | -35.52% | -4.1% | 38.93% | -23.81% | 8.18% | 40.31% | -33.92% | -4.39% | -53.8% | -53.67% | 307.17% | -39.17% | 462.24% | 245.06% | 119.41% | 357.24% | 187.08% | -149.85% |
| Net Income (Continuing) | -335M | 108.98M | 155.09M | 201.66M | 182.27M | 188.28M | 240.52M | 210.29M | 131.2M | 247.11M | 222.34M | 149.87M | 198.55M | 258.46M | 481.24M | 323.49M | 48.76M | 424.9M | 85.59M | -223M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -2.91 | 0.95 | 1.35 | 1.76 | 1.59 | 1.63 | 2.09 | 1.82 | 1.13 | 2.12 | 1.88 | 1.25 | 1.62 | 2.09 | 3.87 | 2.60 | 0.39 | 3.43 | 0.69 | -1.88 |
| EPS Growth % | -283.02% | -41.72% | -35.41% | -3.3% | 40.71% | -23.11% | 11.17% | 45.6% | -30.25% | 1.44% | -51.42% | -51.92% | 315.38% | -39.07% | 460.87% | 238.3% | 117.81% | 338.19% | 180.23% | -137.97% |
| EPS (Basic) | -2.91 | 0.95 | 1.35 | 1.76 | 1.59 | 1.64 | 2.10 | 1.83 | 1.13 | 2.13 | 1.89 | 1.26 | 1.63 | 2.11 | 3.91 | 2.65 | 0.40 | 3.50 | 0.70 | -1.88 |
| Diluted Shares Outstanding | 115M | 115M | 115.23M | 114.95M | 114.95M | 115.04M | 114.99M | 115.72M | 116.46M | 116.59M | 118.33M | 120.07M | 122.29M | 123.4M | 124.28M | 124.34M | 124.18M | 124.02M | 123.85M | 118.36M |
| Basic Shares Outstanding | 115M | 115M | 114.83M | 114.52M | 114.52M | 114.42M | 114.41M | 114.63M | 115.64M | 115.97M | 117.82M | 119.41M | 121.67M | 122.48M | 123.19M | 121.91M | 121.91M | 121.53M | 121.46M | 118.36M |
| Dividend Payout Ratio | - | 21.31% | 14.82% | 11.35% | 12.56% | 12.15% | 8.56% | 9.85% | 15.88% | 7.06% | 8.01% | 12.06% | 9.21% | 7.13% | - | 0.38% | - | 0.29% | - | - |