Symbols / SM Stock $32.21 -5.15% SM Energy Company

Energy • Oil & Gas E&P • United States • NYQ
SM (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
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Index EQUITY
Sector Energy
Industry Oil & Gas E&P
CEO Ms. Elizabeth Anne McDonald
Exch · Country NYQ · United States
Market Cap 7.72B
Enterprise Value 15.83B
Income 131.00M
Sales 3.62B
FCF (ttm) 1.45B
Book/sh 41.96
Cash/sh 1.87
Employees 1,241
Insider 10d —
IPO Dec 16, 1992
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 43.04%
P/E 13.59
Forward P/E 4.04
PEG 0.60
P/S 2.14
P/B 0.77
P/C —
EV/EBITDA 7.81
EV/Sales 4.38
Quick Ratio 0.32
Current Ratio 0.39
Debt/Eq 124.61
LT Debt/Eq —
EPS (ttm) 2.37
EPS next Y 7.97
EPS Growth —
Revenue Growth 73.00%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-07-30
Earnings (prior) 2026-05-06
ROA 2.94%
ROE 2.32%
ROIC —
Gross Margin 87.86%
Oper. Margin -4.72%
Profit Margin 3.62%
Shs Outstand 239.75M
Shs Float 237.51M
Insider Own 0.93%
Instit Own 97.01%
Short Float 6.16%
Short Ratio 3.05
Short Interest 12.65M
52W High 35.88
vs 52W High -10.23%
52W Low 17.45
vs 52W Low 84.58%
Beta 0.71
Impl. Vol. 54.71%
Rel Volume 0.62
Avg Volume 5.20M
Volume 3.22M
Target (mean) $40.79
Tgt Median $39.00
Tgt Low $30.00
Tgt High $61.00
# Analysts 14
Recom Buy
Prev Close $33.96
Price $32.21
Change -5.15%
About

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the United States. The company holds working interests in oil and gas producing wells in the Midland Basin, South Texas, Uinta Basin, and DJ Basin. 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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$40.79
Mean price target
2. Current target
$32.21
Latest analyst target
3. DCF / Fair value
$108.71
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$32.21
Low
$30.00
High
$61.00
Mean
$40.79

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-27 main Mizuho Outperform → Outperform $38
2026-05-20 up Raymond James Underperform → Outperform $55
2026-05-18 main Wells Fargo Equal-Weight → Equal-Weight $32
2026-05-12 main Truist Securities Buy → Buy $39
2026-05-11 main Susquehanna Neutral → Neutral $31
2026-04-21 main Wells Fargo Equal-Weight → Equal-Weight $29
2026-04-08 down Roth Capital Buy → Neutral $33
2026-04-02 main BMO Capital Market Perform → Market Perform $33
2026-04-02 main Keybanc Overweight → Overweight $39
2026-03-24 init Truist Securities Hold → Buy $38
2026-03-19 main Wells Fargo Equal-Weight → Equal-Weight $25
2026-03-17 main TD Cowen Buy → Buy $30
2026-02-19 main Stephens & Co. Overweight → Overweight $49
2026-01-26 main Susquehanna Neutral → Neutral $19
2026-01-13 main RBC Capital Sector Perform → Sector Perform $29
2025-12-10 main Keybanc Overweight → Overweight $28
2025-10-20 main Susquehanna Neutral → Neutral $24
2025-10-17 main Wells Fargo Equal-Weight → Equal-Weight $23
2025-10-09 main RBC Capital Sector Perform → Sector Perform $35
2025-09-15 main Mizuho Outperform → Outperform $39
News
RSS: Latest SM news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-21 PERU RAMIRO G Director — 24,553 $33.98 $834,311
2026-03-12 PURSELL ALAN WADE Chief Financial Officer — 7,500 $0.00 $0
2026-01-23 LEBECK JAMES BARKER General Counsel — 14,698 — —
2025-09-09 MCDONALD ELIZABETH ANNE President — 9,690 — —
2025-07-24 KNOTT KENNETH J. Officer — 3,458 — —
2025-07-24 VOGEL HERBERT S Chief Executive Officer — 28,721 — —
2025-07-24 LYTLE PATRICK ALLEN Officer — 1,331 — —
2025-07-24 PURSELL ALAN WADE Chief Financial Officer — 11,436 — —
2025-07-01 KNOTT KENNETH J. Officer — 10,184 — —
2025-07-01 VOGEL HERBERT S Chief Executive Officer — 55,479 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
3,138.00
+17.48%
2,671.00
+12.99%
2,364.00
-29.35%
3,345.91
Operating Revenue
3,138.00
+17.48%
2,671.00
+12.99%
2,364.00
-29.35%
3,345.91
Cost Of Revenue
2,092.00
+44.67%
1,446.00
+15.31%
1,254.00
+2.39%
1,224.69
Reconciled Cost Of Revenue
2,092.00
+44.67%
1,446.00
+15.31%
1,254.00
+2.39%
1,224.69
Gross Profit
1,046.00
-14.61%
1,225.00
+10.36%
1,110.00
-47.67%
2,121.21
Operating Expense
224.00
+12.56%
199.00
+4.19%
191.00
+13.88%
167.72
Selling General And Administration
161.00
+16.67%
138.00
+14.05%
121.00
+5.62%
114.56
General And Administrative Expense
161.00
+16.67%
138.00
+14.05%
121.00
+5.62%
114.56
Other Gand A
161.00
+16.67%
138.00
+14.05%
121.00
+5.62%
114.56
Other Operating Expenses
63.00
+3.28%
61.00
-12.86%
70.00
+31.67%
53.16
Total Expenses
2,316.00
+40.79%
1,645.00
+13.84%
1,445.00
+3.78%
1,392.41
Operating Income
822.00
-19.88%
1,026.00
+11.64%
919.00
-52.96%
1,953.49
Total Operating Income As Reported
1,000.00
-7.06%
1,076.00
+9.02%
987.00
-37.51%
1,579.48
EBITDA
2,210.00
+15.34%
1,916.00
+12.97%
1,696.00
-20.00%
2,119.90
Normalized EBITDA
2,032.00
+8.90%
1,866.00
+14.62%
1,628.00
-36.44%
2,561.51
Reconciled Depreciation
1,207.00
+49.20%
809.00
+17.25%
690.00
+14.28%
603.78
EBIT
1,003.00
-9.39%
1,107.00
+10.04%
1,006.00
-33.65%
1,516.12
Total Unusual Items
178.00
+256.00%
50.00
-26.47%
68.00
+115.40%
-441.62
Total Unusual Items Excluding Goodwill
178.00
+256.00%
50.00
-26.47%
68.00
+115.40%
-441.62
Special Income Charges
—
-0.48
0.00
+100.00%
-67.61
Other Special Charges
—
0.48
—
67.61
Impairment Of Capital Assets
—
—
—
7.47
Write Off
—
—
0.00
-100.00%
7.47
Net Income
648.00
-15.84%
770.00
-5.87%
818.00
-26.44%
1,111.95
Pretax Income
830.00
-14.08%
966.00
+5.69%
914.00
-34.52%
1,395.77
Net Non Operating Interest Income Expense
-170.00
-55.96%
-109.00
-51.39%
-72.00
+37.16%
-114.57
Interest Expense Non Operating
173.00
+22.70%
141.00
+53.26%
92.00
-23.55%
120.35
Net Interest Income
-170.00
-55.96%
-109.00
-51.39%
-72.00
+37.16%
-114.57
Interest Expense
173.00
+22.70%
141.00
+53.26%
92.00
-23.55%
120.35
Interest Income Non Operating
3.00
-90.63%
32.00
+60.00%
20.00
+246.38%
5.77
Interest Income
3.00
-90.63%
32.00
+60.00%
20.00
+246.38%
5.77
Other Income Expense
178.00
+263.27%
49.00
-26.87%
67.00
+115.12%
-443.15
Other Non Operating Income Expenses
—
-1.00
+0.00%
-1.00
+34.81%
-1.53
Gain On Sale Of Security
178.00
+256.00%
50.00
-26.47%
68.00
+118.18%
-374.01
Tax Provision
182.00
-7.14%
196.00
+104.17%
96.00
-66.18%
283.82
Tax Rate For Calcs
0.00
+8.37%
0.00
+93.33%
0.00
-48.28%
0.00
Tax Effect Of Unusual Items
39.16
+285.81%
10.15
+42.16%
7.14
+107.96%
-89.65
Net Income Including Noncontrolling Interests
648.00
-15.84%
770.00
-5.87%
818.00
-26.44%
1,111.95
Net Income From Continuing Operation Net Minority Interest
648.00
-15.84%
770.00
-5.87%
818.00
-26.44%
1,111.95
Net Income From Continuing And Discontinued Operation
648.00
-15.84%
770.00
-5.87%
818.00
-26.44%
1,111.95
Net Income Continuous Operations
648.00
-15.84%
770.00
-5.87%
818.00
-26.44%
1,111.95
Normalized Income
509.16
-30.27%
730.15
-3.56%
757.14
-48.28%
1,463.92
Net Income Common Stockholders
648.00
-15.84%
770.00
-5.87%
818.00
-26.44%
1,111.95
Diluted EPS
5.64
-15.44%
6.67
-2.77%
6.86
-23.44%
8.96
Basic EPS
5.65
-15.80%
6.71
-2.61%
6.89
-24.20%
9.09
Basic Average Shares
115.00
+0.21%
114.76
-3.30%
118.68
-3.00%
122.35
Diluted Average Shares
115.00
-0.46%
115.53
-3.11%
119.24
-3.90%
124.08
Diluted NI Availto Com Stockholders
648.00
-15.84%
770.00
-5.87%
818.00
-26.44%
1,111.95
Line Item Trend 2023-12-31
Total Assets
6,379.98
Current Assets
916.44
Cash Cash Equivalents And Short Term Investments
616.16
Cash And Cash Equivalents
616.16
Receivables
231.16
Other Receivables
184.88
Taxes Receivable
—
Prepaid Assets
—
Hedging Assets Current
56.44
Other Current Assets
12.67
Total Non Current Assets
5,463.55
Net PPE
5,376.42
Gross PPE
12,266.34
Accumulated Depreciation
-6,889.92
Construction In Progress
358.08
Other Properties
95.28
Other Non Current Assets
78.45
Total Liabilities Net Minority Interest
2,764.14
Current Liabilities
633.81
Payables And Accrued Expenses
556.78
Payables
374.42
Accounts Payable
107.31
Other Payable
17.88
Dividends Payable
20.83
Current Accrued Expenses
182.36
Pensionand Other Post Retirement Benefit Plans Current
54.82
Total Tax Payable
228.40
Current Debt And Capital Lease Obligation
—
Current Debt
—
Other Current Borrowings
—
Other Current Liabilities
22.21
Total Non Current Liabilities Net Minority Interest
2,130.32
Long Term Debt And Capital Lease Obligation
1,575.33
Long Term Debt
1,575.33
Long Term Provisions
118.77
Non Current Deferred Liabilities
369.90
Non Current Deferred Taxes Liabilities
369.90
Other Non Current Liabilities
65.04
Stockholders Equity
3,615.85
Common Stock Equity
3,615.85
Capital Stock
1.16
Common Stock
1.16
Share Issued
115.75
Ordinary Shares Number
115.75
Treasury Shares Number
0.00
Additional Paid In Capital
1,565.02
Retained Earnings
2,052.28
Gains Losses Not Affecting Retained Earnings
-2.61
Other Equity Adjustments
-2.61
Total Equity Gross Minority Interest
3,615.85
Total Capitalization
5,191.18
Working Capital
282.63
Invested Capital
5,191.18
Total Debt
1,575.33
Net Debt
959.17
Net Tangible Assets
3,615.85
Tangible Book Value
3,615.85
Derivative Product Liabilities
1.27
Duefrom Related Parties Current
46.29
Financial Assets
8.67
Interest Payable
35.98
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
2,011.00
+12.79%
1,783.00
+13.28%
1,574.00
-6.67%
1,686.41
Cash Flow From Continuing Operating Activities
2,011.00
+12.98%
1,780.00
+13.09%
1,574.00
-6.67%
1,686.41
Net Income From Continuing Operations
648.00
-15.84%
770.00
-5.87%
818.00
-26.44%
1,111.95
Depreciation Amortization Depletion
1,207.00
+49.20%
809.00
+17.25%
690.00
+14.28%
603.78
Other Non Cash Items
113.00
+156.82%
44.00
+46.67%
30.00
+104.37%
-686.71
Stock Based Compensation
29.00
+16.00%
25.00
+25.00%
20.00
+6.54%
18.77
Asset Impairment Charge
—
—
0.00
-100.00%
7.47
Deferred Tax
178.00
+1.71%
175.00
+98.86%
88.00
-67.29%
269.06
Deferred Income Tax
178.00
+1.71%
175.00
+98.86%
88.00
-67.29%
269.06
Operating Gains Losses
-178.00
-256.00%
-50.00
+26.47%
-68.00
-115.40%
441.62
Gain Loss On Investment Securities
-178.00
-256.00%
-50.00
+26.47%
-68.00
-118.18%
374.01
Change In Working Capital
14.00
+40.00%
10.00
+350.00%
-4.00
+94.45%
-72.06
Change In Receivables
30.00
+134.88%
-86.00
-760.00%
-10.00
-125.94%
38.55
Changes In Account Receivables
30.00
+134.88%
-86.00
-760.00%
-10.00
-125.94%
38.55
Change In Prepaid Assets
1.00
+107.69%
-13.00
-550.00%
-2.00
-89.57%
-1.05
Change In Payables And Accrued Expense
-17.00
-115.60%
109.00
+1262.50%
8.00
+107.30%
-109.56
Investing Cash Flow
-1,468.00
+56.91%
-3,407.00
-210.01%
-1,099.00
-24.85%
-880.26
Cash Flow From Continuing Investing Activities
-1,468.00
+56.92%
-3,408.00
-210.38%
-1,098.00
-24.74%
-880.26
Net PPE Purchase And Sale
-34.00
+98.38%
-2,104.00
-1812.73%
-110.00
-1571328.57%
-0.01
Purchase Of PPE
-34.00
+98.38%
-2,104.00
-1812.73%
-110.00
-1571328.57%
-0.01
Sale Of PPE
—
—
—
—
Capital Expenditure
-1,472.00
+56.90%
-3,415.00
-210.74%
-1,099.00
-24.89%
-879.94
Capital Expenditure Reported
-1,438.00
-9.69%
-1,311.00
-32.56%
-989.00
-12.39%
-879.93
Net Other Investing Changes
4.00
-50.00%
8.00
+1117.66%
0.66
+304.04%
-0.32
Financing Cash Flow
-175.00
-117.36%
1,008.00
+430.49%
-305.00
+56.04%
-693.86
Cash Flow From Continuing Financing Activities
-175.00
-117.34%
1,009.00
+430.82%
-305.00
+56.04%
-693.86
Net Issuance Payments Of Debt
-68.00
-105.68%
1,197.00
0.00
+100.00%
-584.95
Issuance Of Debt
1,570.00
-37.10%
2,496.00
0.00
0.00
Repayment Of Debt
-1,638.00
-26.10%
-1,299.00
0.00
+100.00%
-584.95
Long Term Debt Issuance
1,570.00
-37.10%
2,496.00
0.00
0.00
Long Term Debt Payments
-1,638.00
-26.10%
-1,299.00
0.00
+100.00%
-584.95
Net Long Term Debt Issuance
-68.00
-105.68%
1,197.00
0.00
+100.00%
-584.95
Short Term Debt Issuance
—
—
—
—
Short Term Debt Payments
—
—
—
—
Net Short Term Debt Issuance
—
—
—
—
Net Common Stock Issuance
-10.00
+87.95%
-83.00
+63.11%
-225.00
-315.37%
-54.17
Common Stock Payments
-13.00
+84.88%
-86.00
+62.28%
-228.00
-298.55%
-57.21
Common Stock Dividend Paid
—
—
—
-19.64
Cash Dividends Paid
-92.00
-8.24%
-85.00
-18.06%
-72.00
-266.65%
-19.64
Repurchase Of Capital Stock
-13.00
+84.88%
-86.00
+62.28%
-228.00
-298.55%
-57.21
Proceeds From Stock Option Exercised
—
-6.84
+13.26%
-7.88
+68.63%
-25.13
Net Other Financing Charges
-5.00
+76.19%
-21.00
-162.50%
-8.00
+19.85%
-9.98
Changes In Cash
368.00
+159.74%
-616.00
-460.23%
171.00
+52.30%
112.28
Beginning Cash Position
0.00
-100.00%
616.00
+38.43%
445.00
+33.75%
332.72
End Cash Position
368.00
0.00
-100.00%
616.00
+38.43%
445.00
Free Cash Flow
539.00
+133.03%
-1,632.00
-443.58%
475.00
-41.10%
806.47
Interest Paid Supplemental Data
166.00
+88.64%
88.00
+1.15%
87.00
-35.19%
134.24
Income Tax Paid Supplemental Data
—
26.90
+199.77%
8.97
-15.14%
10.58
Common Stock Issuance
3.00
+0.00%
3.00
+0.00%
3.00
-1.28%
3.04
Depletion
—
—
—
603.78
Issuance Of Capital Stock
3.00
+0.00%
3.00
+0.00%
3.00
-1.28%
3.04
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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