SM Energy Company (SM) Financials
Key financial figures for SM Energy Company (Q3 2026).
SM Energy reported Q3 2026 net income of $93 million ($0.39 per diluted share) after a $477 million non-cash derivative fair-value loss, with operating cash flow of $1.1 billion and adjusted free cash flow of $397 million. Net income was $93 million, or $0.39 per diluted share, versus $155 million and $1.35 a year earlier. The quarter includes a $477 million non-cash loss from changes in the fair value of commodity derivative contracts. Adjusted net income (non-GAAP) was $465 million, or $1.95 per diluted share. Net cash provided by operating activities was $1,122 million; capital expenditures were $711 million ($747 million before changes in accruals, non-GAAP). Adjusted free cash flow (non-GAAP) was $397 million and adjusted EBITDAX (non-GAAP) was $1,341 million. On the outlook: Full-year 2026 oil production guidance lowered by 1% to 220-222 MBbl/d; full-year total production narrowed to 420-422 MBoe/d; full-year capital expenditures approximately $2.75 billion (the midpoint of the prior range); fourth quarter 2026 production 435-445 MBoe/d including 229-239 MBbl/d of oil, with fourth quarter capital expenditures of approximately $610 million; full-year cash taxes updated to approximately $100-$120 million. Figures are for Q3 2026, as SM Energy Company reported them.
- Revenue
- $2.2B
- Net Income
- $93M
- EPS
- $0.39
- Total Assets
- $19.0B
- Operating Cash Flow
- $1.1B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $2.2B | $93M | $0.39 | 10.88% | $411M |
| Q2 FY2026 | $2.5B | $1.1B | $4.46 | 59.84% | $349M |
| Q1 FY2026 | $1.5B | -$335M | -$1.68 | -20.15% | $85M |
| Q4 FY2025 | $718M | $109M | $0.95 | 0.6% | -$572M |
| Q3 FY2025 | $811M | $155M | $1.35 | 30.39% | $101M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $3.2B | $648M | $5.64 | 26.06% | $573M |
| FY2024 | $2.7B | $770M | $6.67 | 40.27% | -$1.6B |
| FY2023 | $2.4B | $818M | $6.86 | 41.75% | $475M |
Frequently asked questions
What was SM Energy Company's revenue last quarter?
SM Energy Company reported revenue of $2.17 billion for Q3 FY2026, up 167.6% from the same period a year earlier.
Is SM Energy Company profitable?
Yes. SM Energy Company reported net income of $93.0 million for Q3 FY2026, a net margin of 4.29% on revenue.
How has SM Energy Company's margin trended?
Operating margin was 10.88% in Q3 FY2026, compared with 30.39% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did SM Energy Company generate?
SM Energy Company generated free cash flow of $411.0 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for SM Energy Company on SentiSense, with up to forty quarters and twenty fiscal years of history.