About SM Energy Company
https://sm-energy.comSM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the state of Texas. As of February 24, 2022, it had 492.0 million barrels of oil equivalent of estimated proved reserves.

CEO
Herbert S. Vogel
Compensation Summary
(Year 2024)
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2005-04-01 | Forward | 2:1 |
| 2000-09-06 | Forward | 2:1 |
ETFs Holding This Stock
Summary
Showing Top 3 of 220
Ratings Snapshot
Rating : A+
Most Recent Analyst Grades

Mizuho
Outperform

Keybanc
Overweight

Stephens & Co.
Overweight

Wells Fargo
Equal Weight

RBC Capital
Sector Perform

Susquehanna
Neutral
Grade Summary
Showing Top 6 of 8
Price Target
Institutional Ownership

BLACKROCK, INC.
Shares:20.38M
Value:$378.37M

BLACKROCK INC.
Shares:19.71M
Value:$366.04M

VANGUARD GROUP INC
Shares:13.86M
Value:$257.33M
Summary
Showing Top 3 of 507
About SM Energy Company
https://sm-energy.comSM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the state of Texas. As of February 24, 2022, it had 492.0 million barrels of oil equivalent of estimated proved reserves.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $811.01M ▲ | $10.12M ▲ | $155.09M ▼ | 19.12% ▼ | $1.35 ▼ | $572.6M ▼ |
| Q2-2025 | $785.08M ▼ | $-26.83M ▼ | $201.66M ▲ | 25.69% ▲ | $1.76 ▲ | $588.05M ▲ |
| Q1-2025 | $839.62M ▲ | $68.36M ▼ | $182.27M ▼ | 21.71% ▼ | $1.59 ▼ | $546.27M ▼ |
| Q4-2024 | $835.86M ▲ | $73.77M ▲ | $188.28M ▼ | 22.53% ▼ | $1.64 ▼ | $548.24M ▼ |
| Q3-2024 | $642.38M | $-39.89M | $240.52M | 37.44% | $2.1 | $551.27M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $162.25M ▲ | $9.09B ▲ | $4.38B ▼ | $4.71B ▲ |
| Q2-2025 | $101.88M ▲ | $8.99B ▲ | $4.4B ▲ | $4.59B ▲ |
| Q1-2025 | $54K ▲ | $8.79B ▲ | $4.38B ▲ | $4.4B ▲ |
| Q4-2024 | $0 ▼ | $8.58B ▲ | $4.34B ▲ | $4.24B ▲ |
| Q3-2024 | $1.74B | $8.03B | $3.97B | $4.06B |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $155.09M ▼ | $504.96M ▼ | $0 ▲ | $0 ▲ | $0 ▼ | $504.96M ▼ |
| Q2-2025 | $201.66M ▲ | $571.14M ▲ | $-410.2M ▲ | $-59.12M ▼ | $101.82M ▲ | $571.14M ▲ |
| Q1-2025 | $182.27M ▼ | $482.99M ▼ | $-428.76M ▲ | $-54.17M ▼ | $54K ▲ | $69.12M ▲ |
| Q4-2024 | $188.28M ▼ | $577.87M ▲ | $-2.45B ▼ | $34.08M ▼ | $-1.84B ▼ | $-1.88B ▼ |
| Q3-2024 | $240.52M | $452.26M | $-302.94M | $1.1B | $1.25B | $149.32M |
Revenue by Products
| Product | Q4-2024 | Q1-2025 | Q2-2025 | Q3-2025 |
|---|---|---|---|---|
EP Segment | $0 ▲ | $0 ▲ | $790.00M ▲ | $810.00M ▲ |
Natural Gas Revenue | $90.00M ▲ | $120.00M ▲ | $0 ▼ | $0 ▲ |
Oil and Condensate Revenue | $70.00M ▲ | $60.00M ▼ | $0 ▼ | $0 ▲ |
Oil Revenue | $680.00M ▲ | $660.00M ▼ | $0 ▼ | $0 ▲ |
Revenue by Geography
| Region | Q4-2024 | Q2-2025 | Q3-2025 | Q1-2025 |
|---|---|---|---|---|
Midland Basin | $390.00M ▲ | $340.00M ▼ | $340.00M ▲ | $390.00M ▲ |
South Texas | $250.00M ▲ | $210.00M ▼ | $240.00M ▲ | $230.00M ▼ |
Uinta Basin | $0 ▲ | $230.00M ▲ | $230.00M ▲ | $210.00M ▼ |

CEO
Herbert S. Vogel
Compensation Summary
(Year 2024)
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2005-04-01 | Forward | 2:1 |
| 2000-09-06 | Forward | 2:1 |
ETFs Holding This Stock
Summary
Showing Top 3 of 220
Ratings Snapshot
Rating : A+
Most Recent Analyst Grades

Mizuho
Outperform

Keybanc
Overweight

Stephens & Co.
Overweight

Wells Fargo
Equal Weight

RBC Capital
Sector Perform

Susquehanna
Neutral
Grade Summary
Showing Top 6 of 8
Price Target
Institutional Ownership

BLACKROCK, INC.
Shares:20.38M
Value:$378.37M

BLACKROCK INC.
Shares:19.71M
Value:$366.04M

VANGUARD GROUP INC
Shares:13.86M
Value:$257.33M
Summary
Showing Top 3 of 507




