SM Energy Company (SM) Earnings History
Profitable36 years of earnings data (1990–2025) · Positive TTM net income
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SM Energy Company (SM) Earnings Overview
As of July 8, 2026, SM Energy Company (SM) reported trailing twelve-month net income of $131M, reflecting -15.4% year-over-year growth. The company earned $1.14 per diluted share over the past four quarters, with a net profit margin of 20.5%.
Looking at the long-term picture, SM's historical earnings data spans multiple years. The company achieved its highest annual net income of $1.11B in fiscal 2022.
SM Energy Company maintains industry-leading profitability with a gross margin of 31.9%, operating margin of 26.1%, and net margin of 20.5%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including CIVI ($638M net income, 16.1% margin), MTDR ($483M net income, 20.8% margin), CRGY (-$285M net income, 3.7% margin), SM has outperformed on profitability metrics. Compare SM vs CIVI →
SM Earnings vs Peers
Earnings metrics vs comparable public companies
SM Historical Earnings Data (1990–2025)
36 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $648M | -15.9% | $822M | $5.64 | 20.5% | 26.1% |
| 2024 | $770M | -5.8% | $1.08B | $6.67 | 28.8% | 40.3% |
| 2023 | $818M | -26.4% | $987M | $6.86 | 34.6% | 41.7% |
| 2022 | $1.11B | +2969.2% | $1.58B | $8.96 | 33.2% | 47.2% |
| 2021 | $36M | +104.7% | $209M | $0.29 | 1.4% | 8.0% |
| 2020 | -$765M | -308.9% | -$1.07B | $-6.72 | -67.9% | -94.9% |
| 2019 | -$187M | -136.8% | -$70M | $-1.66 | -11.8% | -4.4% |
| 2018 | $508M | +416.1% | $836M | $4.48 | 31.0% | 51.0% |
| 2017 | -$161M | +78.8% | -$164M | $-1.44 | -12.8% | -13.0% |
| 2016 | -$758M | -69.2% | -$1.06B | $-9.90 | -64.2% | -89.6% |
| 2015 | -$448M | -167.2% | -$579M | $-6.61 | -29.6% | -38.2% |
| 2014 | $666M | +289.7% | $1.17B | $9.79 | 26.4% | 46.2% |
| 2013 | $171M | +415.1% | $368M | $2.51 | 7.5% | 16.3% |
| 2012 | -$54M | -125.2% | -$20M | $-0.83 | -3.5% | -1.3% |
| 2011 | $215M | +9.4% | $384M | $3.19 | 15.4% | 27.4% |
| 2010 | $197M | +298.1% | $339M | $3.04 | 21.5% | 37.1% |
| 2009 | -$99M | -213.8% | -$131M | $-1.59 | -11.9% | -15.7% |
| 2008 | $87M | -54.0% | $171M | $1.45 | 6.7% | 13.2% |
| 2007 | $190M | -0.2% | $319M | $2.94 | 19.2% | 32.3% |
| 2006 | $190M | +25.1% | $302M | $2.94 | 24.1% | 38.4% |
| 2005 | $152M | +64.3% | $246M | $2.33 | 20.5% | 33.3% |
| 2004 | $92M | -3.2% | $152M | $1.44 | 21.4% | 35.1% |
| 2003 | $96M | +246.8% | $153M | $1.40 | 24.3% | 38.9% |
| 2002 | $28M | -31.9% | $46M | $0.49 | 14.0% | 23.3% |
| 2001 | $40M | -27.3% | $62M | $0.71 | 19.5% | 29.8% |
| 2000 | $56M | +67729.3% | $90M | $0.99 | 28.4% | 46.0% |
| 1999 | $82,000 | +100.9% | $1M | $0.00 | 0.1% | 1.9% |
| 1998 | -$9M | -138.1% | -$12M | $-0.20 | -11.1% | -15.6% |
| 1997 | $23M | +122.1% | $36M | $0.54 | 25.4% | 39.1% |
| 1996 | $10M | +511.8% | $16M | $0.30 | 17.4% | 27.3% |
| 1995 | $2M | -54.1% | $2M | $0.05 | 4.4% | 6.2% |
| 1994 | $4M | +0.0% | $5M | $0.11 | 8.3% | 11.8% |
| 1993 | $4M | -76.3% | $7M | $0.11 | 9.6% | 17.6% |
| 1992 | $16M | +387.5% | $26M | $0.54 | 30.8% | 50.7% |
| 1991 | $3M | -5.9% | $6M | $0.12 | 11.5% | 23.0% |
| 1990 | $3M | - | $8M | $0.12 | 12.3% | 29.0% |
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SM — Frequently Asked Questions
Quick answers to the most common questions about buying SM stock.
What is SM earnings per share (EPS)?
SM trailing twelve-month (TTM) diluted EPS is $1.14, reflecting -15.4% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 1990 to 2025 is available in the table on this page.
What is SM Energy Company's net income?
SM Energy Company (SM) trailing twelve-month net income is $131M as of 2025. Earnings declined -15.4% year-over-year. SM Energy Company has been profitable for 5 consecutive years.
Is SM profitable?
Yes, SM is profitable with a TTM net income of $131M and a net profit margin of +20.5%. SM Energy Company has generated profits for 5 consecutive years.
What is SM's earnings growth rate?
SM compound annual EPS growth rates (CAGR): 1-Year: -15.4%, 3-Year: -14.3%, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1990 to 2025.
What are SM's profit margins?
SM Energy Company net profit margin is +20.5%, operating margin is +26.1%, and gross margin is +31.9%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +14.3%.
Is SM growing earnings?
SM earnings are declining — EPS fell -15.4% year-over-year. TTM net income dropped to $131M. This contrasts with the 5-year CAGR of N/A.
What was SM's best earnings year?
SM Energy Company's highest annual net income on record is $1.1B, achieved in fiscal year 2022. Earnings history on this page spans 1990 to 2025 and includes all annual and quarterly figures.
What were SM's earnings last quarter?
SM's most recent reported quarter was Q1 2026. Net income was $-335M with diluted EPS of $-2.91. For a full breakdown of all quarters, see the quarterly earnings table on this page.