SM Energy Co (SM)
SM Energy Co brought in $6.9B of revenue over the twelve months to September 30, 2026, up 107.5% from a year earlier. Net income was $938M, a net margin of 13.7%. At September 30, 2026 it held $442M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 4, 2026.
Key facts about SM Energy Co
- Net worth
- SM Energy Co has a market value (market cap) of $7B at the latest share price, and shareholders' equity of $7.8B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $3.2B (+17.2% year on year), with net income of $648M. Over the 12 months to September 30, 2026: revenue $6.9B, net income $938M.
- Cash flow
- In fiscal 2025 operations brought in $2B of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 4, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- SM Energy Co's next report is expected around December 24, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- SM Energy Co declared dividends of $0.80 per share in fiscal 2025, a yield of 2.71% at the current price.
What SM Energy Co does
SM Energy Co is registered with the SEC under industry code SIC 1311 (Crude Petroleum & Natural Gas). Its shares trade on NYSE under the ticker SM.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $3.2B | $648M | $5.64 | n/a |
| 2024 | $2.7B | $770M | $6.67 | n/a |
| 2023 | $2.4B | $818M | $6.86 | n/a |
| 2022 | $3.4B | $1.1B | $8.96 | n/a |
| 2021 | $2.6B | $36.2M | $0.29 | n/a |
| 2020 | $1.1B | -$764.6M | -$6.72 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where SM ranks in Energy
Dividends
SM Energy Co declared $0.80 per share in fiscal 2025. At the current price that is a yield of 2.71%. It paid out $92M in cash dividends, 14% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $0.80 | $92M | 14% |
| 2024 | $0.76 | $85M | 11% |
| 2023 | $0.63 | $72M | 9% |
| 2022 | $0.31 | $19.6M | 2% |
| 2021 | $0.02 | $2.4M | 7% |
| 2020 | $0.02 | $2.3M | n/a |
Latest SEC filings
What SM Energy Co has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026
- November 4, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 167% to $2.2B versus the same quarter last year; diluted EPS $0.39 versus $1.35.
- November 3, 2026
- October 14, 2026
- September 15, 2026
- September 4, 2026
- August 14, 2026Passive stake (5% or more) SCHEDULE 13G
- August 7, 2026Passive stake (5% or more) SCHEDULE 13G
- August 6, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 215% to $2.5B versus the same quarter last year; diluted EPS $4.46 versus $1.76.
- August 5, 2026
Insider trades
What the people running SM Energy Co did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $787.6K worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 10, 2026 | Venkatraman AshwinDirector | Sold | 3,650 | $139.7K |
| August 21, 2026 | Lebeck James BarkerEVP, GC & Corp Secretary | Sold | 17,500 | $647.9K |
| August 21, 2026 | Pursell A WadeEVP & CFO | Gave as a gift | 5,000 | - |
| July 24, 2026 | Lebeck James BarkerEVP, GC & Corp Secretary | Exercised options | 7,520 | - |
| July 24, 2026 | Lebeck James BarkerEVP, GC & Corp Secretary | Shares withheld for tax | 3,291 | $85.9K |
| July 24, 2026 | Pursell A WadeEVP & CFO | Exercised options | 16,917 | - |
| July 24, 2026 | Pursell A WadeEVP & CFO | Shares withheld for tax | 7,403 | $193.2K |
| July 1, 2026 | McKenna Blake DouglasEVP and COO | Exercised options | 4,160 | - |
Who owns SM
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Portfolio Management13G, passive | 6.44% | April 29, 2026 |
| CPPIB Crestone Peak Resources Canada Inc.13G, passive with 1 related filers | 6.1% | May 15, 2026 |
| Aristeia Capital, L.L.C.13G, passive | 5.47% | August 14, 2026 |
| Vanguard Capital Management13G, passive | 5.13% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 498 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 39,280,818 | +849,031 |
| Vanguard Portfolio Management LLC | 15,425,423 | +190,934 |
| Canada Pension Plan Investment Board | 14,493,791 | 0 |
| Aristeia Capital, L.L.C. | 13,000,649 | +2,158,803 |
| State Street Corp | 11,705,860 | -790,102 |
| Vanguard Capital Management LLC | 10,657,355 | +119,582 |
| American Century Companies Inc | 8,935,683 | +12,059 |
| Dimensional Fund Advisors LP | 8,174,503 | -1,820,850 |
| Donald Smith & CO., Inc. | 7,647,594 | +438,695 |
| Geode Capital Management, LLC | 6,269,841 | +571,288 |
| Millennium Management LLC | 4,493,473 | -539,433 |
| Fmr LLC | 3,798,218 | -220,198 |
| Mackenzie Financial Corp | 3,674,134 | +997,403 |
| Jpmorgan Chase & Co | 3,534,729 | -516,493 |
| Morgan Stanley | 2,943,691 | -567,990 |
| Charles Schwab Investment Management Inc | 2,893,103 | -6,671 |
| Northern Trust Corp | 2,786,773 | +132,162 |
| Nomura Asset Management International Inc. | 2,716,076 | -226,168 |
| Invesco Ltd. | 2,431,521 | +1,294,797 |
| Nuveen, LLC | 2,320,316 | -40,170 |
Insiders
15 insiders reported holding 1,174,558 shares in total, about $34.7M at the last price.
| Holder | Shares |
|---|---|
| Pursell A WadeEVP & CFO | 426,531 |
| van Kempen Wouter T.Director | 141,551 |
| Quintana Julio MDirector | 120,191 |
| Fox Carrie MDirector | 98,046 |
| Willard Howard A.Director | 81,986 |
| Peru Ramiro GDirector | 72,130 |
| Clark Morris RDirector | 68,978 |
| Robeson Rose MDirector | 47,529 |
| Brookman Barton R JrDirector | 35,771 |
| Helms Lloyd W JrDirector | 26,564 |
Questions about SM
What does SM Energy Co do?
SM Energy Co is a company in the Energy sector, listed on NYSE as SM. Its shares trade on NYSE under the ticker SM.
What is SM Energy Co's net worth?
SM Energy Co has a market value (market cap) of $7B at the latest share price, and shareholders' equity of $7.8B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is SM Energy Co profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $938M on revenue of $6.9B, a net margin of 13.7%.
How much revenue does SM Energy Co make?
Over the twelve months to September 30, 2026 SM Energy Co reported revenue of $6.9B. That is 107.5% more than a year earlier.
When did SM Energy Co last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 4, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the executive or director change from November 9, 2026.
When is SM Energy Co's next earnings report?
SM Energy Co's next report is expected around December 24, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Does SM Energy Co pay a dividend?
Yes. SM Energy Co declared dividends of $0.80 per share in fiscal 2025, a yield of 2.71% at the current price.
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Where the numbers come from
Financial figures are the values SM Energy Co tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.