logo
Twitter
Discord
Email
logo
SM Energy Company

SM Energy Company

NYSE•SM
CEO: Mr. Herbert S. Vogel
Sector: Energy
Industry: Oil & Gas Exploration & Production
Listing Date: 1992-12-16
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St. Mary Land & Exploration Company and changed its name to SM Energy Company in May 2010. SM Energy Company was founded in 1908 and is headquartered in Denver, Colorado.
Contact Information
1700 Lincoin Street, Suite 3200, Denver, CO, 80203, United States
303-861-8140
sm-energy.com
Market Cap
$2.32B
P/E (TTM)
3.2
18.3
Dividend Yield
4.0%
52W High
$44.95
52W Low
$17.58
52W Range
10%
Rank60Top 78.6%
2.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$811.59M+26.10%
4-Quarter Trend

EPS

$1.35-35.71%
4-Quarter Trend

FCF

$504.96M+238.17%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Pending Merger Share Issuance Anticipated issuance of approximately 126.3M shares of common stock upon completion of the Civitas Merger Agreement terms.
Common Stock Outstanding Update Total shares outstanding reported as 114,554,192 as of October 22, 2025, subject to immediate merger dilution effects.
Merger Cost Incurrence Noted Non-recurring transaction costs incurred during the quarter related to the merger, expected to continue into a portion of 2026.

Risk Factors

Merger Completion Uncertainty Consummation subject to conditions; failure to close could materially affect business, financial condition, and overall operations.
Potential Share Dilution Risk Issuance of 126.3M new shares may depress earnings per share, potentially causing adverse stock price movement.
Merger Termination Fee Exposure Potential $79.0M termination fee payable to Civitas if specific material breaches of the Merger Agreement occur.
Integration Complexity Risks Integration challenges include complex systems, retaining key personnel, and realizing anticipated strategic benefits post-closing.

Outlook

Expected Merger Closing Timeline Management expects to complete the Civitas Merger during the first quarter of 2026, subject to required regulatory approvals.
Integration Success Dependency Realizing anticipated benefits depends on efficient integration of acquired Civitas assets and managing potential unknown liabilities.
Transaction Cost Offset Expectation Expected elimination of duplicative costs post-merger should offset incurred transaction expenses over time, though benefits may lag.

Peer Comparison

Revenue (TTM)

Civitas Resources, Inc.CIVI
$4.71B
-6.6%
Crescent Energy CompanyCRGY
$3.59B
+32.3%
SM Energy CompanySM
$3.28B
+34.0%

Gross Margin (Latest Quarter)

Civitas Resources, Inc.CIVI
99.8%
+61.0pp
Cactus, Inc.WHD
53.2%
+14.2pp
Tidewater Inc.TDW
48.0%
+19.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
WHD$3.16B17.416.1%2.1%
TDW$2.95B19.413.4%30.8%
STNG$2.90B9.29.6%21.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-1.0%
Flat Growth
4Q Net Income CAGR
-6.3%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years

  • Form 10-Q/A - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 4, 2025|
    Revenue: $811.59M+26.1%
    |
    EPS: $1.35-35.7%
    Beat

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 3, 2025|Refer to amended data

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 1, 2025|
    Revenue: $785.08M+23.7%
    |
    EPS: $1.76-3.8%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 2, 2025|
    Revenue: $844.54M+50.8%
    |
    EPS: $1.59+40.7%
    Meet

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 20, 2025|
    Revenue: $2.67B+12.5%
    |
    EPS: $6.71-2.6%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 1, 2024|
    Revenue: $643.61M+0.6%
    |
    EPS: $2.10+11.1%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $634.56M+16.1%
    |
    EPS: $1.83+45.2%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 3, 2024|
    Revenue: $559.87M-1.9%
    |
    EPS: $1.13-30.7%
    Miss