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

$3.08B

P/E (TTM)

4.7

21.3

Dividend Yield

3.1%

52W High

$32.26

52W Low

$17.45

52W Range

63%

Rank54Top 78.1%

2.7

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 2.7 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$718.30M+0.00%

4-Quarter Trend

EPS

$0.95+0.00%

4-Quarter Trend

FCF

-$572.22M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Revenue Grew 17% Total production revenue reached $3.138B USD, marking a 17% increase over 2024 figures, driven by higher volumes.

Production Volumes Increased Net equivalent production grew 21% to 75.5 MMBOE for 2025, significantly boosted by a full year from Uinta assets.

Capital Costs Decreased Sharply Total costs incurred decreased sharply by 59% to $1.448B USD compared to 2024, reflecting acquisition timing differences.

Derivative Gains Significantly Higher Recognized net derivative gains of $178M USD in 2025, a substantial increase from $50M USD recognized in the prior year.

Risk Factors

Net Income Experienced Decline Net income fell to $648M USD in 2025, a notable decrease compared to $770M USD reported for the fiscal year 2024.

Reserve Life Index Shortened Proved reserve life index decreased to 8.9 years as of year-end 2025 from 10.9 years in 2024, indicating shorter reserve life.

Oil Prices Experienced Volatility Realized oil price per Bbl dropped 15% to $63.52 USD versus prior year benchmark prices, impacting revenue realization.

Civitas Merger Integration Risk Successful integration of Civitas assets following January 2026 closing remains a key uncertainty affecting future operations and synergies.

Outlook

Focus on Civitas Integration Near-term strategy centers on successfully integrating Civitas assets post-January 2026 closing, maintaining safe and consistent operational execution.

Advance Deleveraging Goals Plan includes completing South Texas asset divestiture, targeting at least $1.0B USD within one year following the Civitas Merger close.

2026 Capital Program Detailed Expect total 2026 capital program between $2.65B and $2.85B USD, focusing capital deployment on highly economic oil development projects.

Increase Shareholder Returns Plan to return capital via increased annual base dividend to $0.88 per share quarterly, alongside ongoing share repurchase activities.

Peer Comparison

Revenue (TTM)

$10.72B

-9.5%

CSAN

$7.26B

-7.7%

CIVI

$4.71B

-6.6%

Gross Margin (Latest Quarter)

WHD

92.8%

-3.7pp

CIVI

70.9%

+32.1pp

STNG

66.2%

-2.7pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
CSAN	$4.08B	-1.4	-147.9%	52.3%
CRGY	$3.87B	29.1	3.1%	44.5%
TDW	$3.68B	11.0	28.1%	27.4%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

-5.1%

Growth Under Pressure

4Q Net Income CAGR

-15.8%

Declining Profitability

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:Apr 23, 2026

EPS:$0.91

Revenue:$1.35B

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data