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SM Energy Co income statement

In fiscal 2025, SM Energy Co reported revenue of $3.15bn, up 17.2% on the year before, operating income of $1.00bn (a 31.7% margin) and net income of $648m, or $5.64 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue8321,0931,6031,5052,2932,5221,5571,2171,1292,0671,5901,1272,6233,3592,3742,6903,1545,496
Cost of revenue———————598508487501———————
Gross profit———————6206211,5801,089———————
General and administrative7610711912015016715812511711713399112115121138161333
Operating income−131339384−203681,166−579−1,057−164836−70−1,0692091,5799871,0761,0001,627
Interest expense29244664909912815917916115916416012092141173310
Income before tax−159315339−842791,065−723−1,202−344652−231−957461,3969149668301,324
Income tax−60118124−29108399−275−444−183143−44−1921028496196182324
Net income−99197215−54171666−448−758−161508−187−765361,1128187706481,000
Diluted EPS−$1.59$3.04$3.19−$0.83$2.51$9.79−$6.61−$9.90−$1.44$4.48−$1.66−$6.72$0.29$8.96$6.86$6.67$5.64$5.98
Diluted shares (average)62m65m68m65m68m68m68m77m111m114m113m114m124m124m119m116m115m167m

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from SM Energy Co's SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to SM Energy Co.