SM Energy Company
SM Energy Company’s revenue for fiscal 2025 (year ended December 2025) was $3.2 billion, up 17.2% from fiscal 2024.
- Revenue
- +167.4%
- EPS
- −70.9%
- Free cash flow
- +369.4%
- Total debt
- +188.3%
Quarter to September 2026, against a year earlier
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SM Energy Company 10-Q filed Nov 4, 2026
Red flags
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Share dilution
Shares outstanding rose 105.2% in a year, to 235.0 million
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Receivables outpacing revenue
Receivables grew 219.6% while revenue grew 167.2% year over year
What changed
Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Aug 6, 2026: 15 added · 14 removed · 73 modified; 26 with only figures updated
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Modified · General Overview
Our purpose. Our purpose is to improve communities by providing affordable, reliable energy. We are a premier operator of top-tier assets,
utilizingusing state-of-the-art digital technology, data analytics, and artificial intelligence in our operations, and continuallypursuing innovative ideasinnovating to optimize capital efficiency and well performance, while reducing our impact on shared natural resources and operatingin an efficientefficiently,safesafely, andresponsible mannerresponsibly.