Zacks Investment Research·Jun 24, 2026
SM Energy (SM) Falls More Steeply Than Broader Market: What Investors Need to KnowSM Energy (SM) closed the most recent trading day at $26.49, moving 3.36% from the previous trading session.
SM Energy Company(SM)Earnings, Financials & Key Ratios
SM•NYSE
$27.92
5.0× P/E·Price updated Jul 7, 2026
AboutSM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the state of Texas. As of February 24, 2022, it had 492.0 million barrels of oil equivalent of estimated proved reserves. It also has working interests in 825 gross productive oil wells and 483 gross productive gas 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.Show more
- Revenue$3.15B+18.1%
- EBITDA$2.03B+7.6%
- Net Income$648M-15.9%
- EPS (Diluted)5.64-15.4%
- Gross Margin31.86%-30.5%
- EBITDA Margin64.33%-8.8%
- Operating Margin26.06%-35.3%
- Net Margin20.55%-28.8%
- ROE14.32%-27.0%
SM Price & Volume
SM Energy Company (SM) stock price & volume — 10-year historical chart
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Rising Leverage and Margin Volatility Cloud Outlook
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Vulnerable
Cash Flow:Deteriorating
Primary Risk:Commodity price volatility exposure
Key Thesis Takeaways
- SM Energy faces significant fundamental headwinds as its capital structure has shifted toward higher debt, with the debt-to-equity ratio climbing to 0.98 in 2026Q1 from 0.41 in 2024Q2.
- While revenue growth reached 76.2% in 2026Q1, this top-line expansion is heavily tethered to volatile commodity prices rather than consistent operational efficiency.
- Investors should remain cautious given the recent collapse in operating margins to -20.1% and the precarious current ratio of 0.39, which suggests heightened liquidity risk.
Verdict Logic
the company's current ratio of 0.39 and the surge in debt-to-equity to 0.98 indicate substantial balance sheet vulnerability that outweighs the potential upside of current valuation multiples.
SM Growth Metrics
SM Energy Company (SM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years7.62%
5 Years22.87%
3 Years-1.95%
TTM28.53%
Profit CAGR
10 Years-
5 Years-
3 Years-16.47%
TTM-84.08%
EPS CAGR
10 Years-
5 Years-
3 Years-14.3%
TTM-83.87%
Return on Capital
10 Years5.35%
5 Years16.52%
3 Years14.81%
Last Year10.36%
SM Recent Earnings
SM Energy Company (SM) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$1.55+37.2%
$1.13
Rev
$1.5B+4.3%
$1.4B
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.83+0.2%
$0.83
Rev
$705M-7.8%
$765M
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$1.33+6.4%
$1.25
Rev
$811M-2.7%
$834M
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$1.50+20.0%
$1.25
Rev
$785M-4.7%
$824M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $1.55vs $1.13+37.2% | $1.5Bvs $1.4B+4.3% |
| Q1 2026 | Feb 25, 2026 | $0.83vs $0.83+0.2% | $705Mvs $765M-7.8% |
| Q4 2025 | Nov 4, 2025 | $1.33vs $1.25+6.4% | $811Mvs $834M-2.7% |
| Q3 2025 | Jul 31, 2025 | $1.50vs $1.25+20.0% | $785Mvs $824M-4.7% |
Based on last 12 quarters of dataView full earnings history →
Latest SM News
Recent stock market news and headlines for SM Energy Company (SM)
Newsfile Corp·Jun 23, 2026
Sierra Madre Announces AGM ResultsVancouver, British Columbia--(Newsfile Corp. - June 23, 2026) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to to report that all matters were approved at the Company's annual general shareholders meeting (the "Meeting") held on June 23, 2026.
Seeking Alpha·Jun 23, 2026
SM Energy Company (SM) Presents at J.P. Morgan Energy, Power & Renewables Conference 2026 TranscriptSM Energy Company (SM) Presents at J.P. Morgan Energy, Power & Renewables Conference 2026 Transcript
Zacks Investment Research·Jun 23, 2026
Investors Heavily Search SM Energy Company (SM): Here is What You Need to KnowRecently, Zacks.com users have been paying close attention to SM Energy (SM). This makes it worthwhile to examine what the stock has in store.
PRNewsWire·Jun 23, 2026
Celebrate America's 250th Birthday with Even More Affordable(SM) Fourth of July Deals from Natural Grocers®Save up to 43% on summer favorites to fuel your Independence Day festivities, June 26 through July 3, 2026 LAKEWOOD, Colo., June 23, 2026 /PRNewswire/ -- As Americans prepare to celebrate 250 years of independence, Natural Grocers®, the nation's largest family-operated natural and organic grocery retailer, is helping customers gather, grill and save with its Even More AffordableSM Fourth of July Deals.
Peers Comparison
Key metrics vs top competitors for SM Energy Company (SM)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $27.92 | $3.21B | 4.95 | 18.07% | 20.55% | 14.32% | 2.87% | |
| $27.38 | $2.34B | 3.24 | 49.76% | 13.56% | 9.55% | — | |
| $52.14 | $6.48B | 8.56 | 5.1% | 14.38% | 8.23% | — | |
| $9.41 | $3.11B | 17.43 | 22.14% | -7.47% | -6.05% | — | |
| $116.84 | $6.62B | 157.89 | -7.12% | -1.25% | -0.83% | — | |
| $25.79 | $4.79B | 14.74 | -0.31% | 24.4% | 16.03% | — |
Compare SM vs Peers
SM Energy Company (SM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SM SEC Filings & Documents
SM Energy Company (SM) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 6, 2026·SEC
Material company update
Apr 30, 2026·SEC
Material company update
Apr 17, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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SM Frequently Asked Questions
SM Energy Company (SM) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is SM Energy Company's revenue?
SM Energy Company (SM) reported $3.79B in revenue for fiscal year 2025. This represents a 6265% increase from $59.6M in 1996.
How fast is SM Energy Company growing?
SM Energy Company (SM) grew revenue by 18.1% over the past year. This is strong growth.
Is SM profitable?
Yes, SM Energy Company (SM) is profitable, generating $130.7M in net income for fiscal year 2025 (20.5% net margin).
Dividend & Returns
Does SM pay dividends?
Yes, SM Energy Company (SM) pays a dividend with a yield of 2.87%. This makes it attractive for income-focused investors.
What is SM's return on equity?
SM Energy Company (SM) has a return on equity (ROE) of 14.3%. This is reasonable for most industries.
What is SM Energy Company's free cash flow?
SM Energy Company (SM) had negative free cash flow of $225.6M in fiscal year 2025, likely due to heavy capital investments.