SM Energy Quarterly Income Statement
NYSE: SMEnergyOil & Gas ProductionUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
SM Energy revenue and earnings
In the quarter ended Jun 30, 2026, SM Energy generated $2.50 billion in revenue, up 215.3% from the same quarter a year earlier. Net income was $1.07 billion (+430.2% year over year), for a net margin of 42.8% versus a median of 19.1% in the prior 5 quarters. Gross margin was 77.8% (up from 71.8%) and operating margin 59.8%.
Diluted earnings per share came in at $4.46, up from $1.76.
Summary generated from market data by MetaCap's automated system. Methodology
SM Energy income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.50B | 1.48B | 704.92M | 811.59M | 793.00M | 845.00M | 851.96M | 643.61M | 634.55M | 559.87M | 608.84M | 640.90M |
| Revenue growth (YoY) | +215.26% | +75.03% | -17.26% | +26.10% | +24.97% | +50.93% | +39.93% | +0.42% | +15.22% | -2.38% | -9.31% | -23.29% |
| Cost of Revenue | 556.00M | 428.00M | 206.88M | 229.04M | 224.00M | 225.00M | 214.62M | 148.38M | 136.62M | 137.38M | 137.80M | 138.26M |
| Gross Profit | 1.94B | 1.05B | 498.04M | 582.55M | 569.00M | 620.00M | 637.34M | 495.23M | 497.93M | 422.50M | 471.04M | 502.64M |
| Operating Expenses | 448.00M | 1.35B | 315.72M | 336.07M | 274.00M | 344.00M | 350.07M | 164.28M | 218.55M | 244.10M | 161.03M | 307.04M |
| Operating Income | 1.50B | -298.00M | 182.32M | 246.48M | 295.00M | 276.00M | 287.27M | 330.95M | 279.38M | 178.40M | 310.00M | 195.60M |
| Interest Expense | 111.00M | 113.00M | 43.13M | 42.94M | 43.00M | 44.00M | 46.64M | 50.68M | 21.81M | 21.87M | 24.29M | 23.11M |
| Other Income (Expense) | 4.00M | 1.00M | 134.00K | -80.00K | 0 | 0 | -316.00K | -637.00K | -23.00K | -24.00K | -304.00K | -233.00K |
| Pretax Income | 1.39B | -410.00M | 141.20M | 204.29M | 253.00M | 232.00M | 241.20M | 297.65M | 263.88M | 163.27M | 291.61M | 176.36M |
| Income Tax | 318.00M | -75.00M | 32.23M | 49.20M | 51.00M | 50.00M | 53.21M | 57.13M | 53.59M | 32.07M | 44.38M | -45.98M |
| Net Income | 1.07B | -335.00M | 108.98M | 155.09M | 202.00M | 182.00M | 187.99M | 240.52M | 210.29M | 131.20M | 247.23M | 222.34M |
| Net Income growth (YoY) | +430.20% | -284.07% | -42.03% | -35.52% | -3.94% | +38.72% | -23.96% | +8.18% | +40.31% | -33.92% | -4.35% | -53.80% |
| EPS (Basic) | 4.48 | -1.68 | 0.95 | 1.35 | 1.76 | 1.59 | 1.65 | 2.10 | 1.83 | 1.13 | 2.11 | 1.89 |
| EPS (Diluted) | 4.46 | -1.68 | 0.94 | 1.35 | 1.76 | 1.59 | 1.63 | 2.09 | 1.82 | 1.13 | 2.11 | 1.88 |
| Shares Outstanding (Basic) | 239.00M | 199.00M | — | 114.83M | 115.00M | 115.00M | — | 114.41M | 114.63M | 115.64M | — | 117.82M |
| Shares Outstanding (Diluted) | 240.00M | 199.00M | — | 115.23M | 115.00M | 115.00M | — | 114.99M | 115.72M | 116.46M | — | 118.33M |
| Gross Margin | 77.76% | 71.06% | 70.65% | 71.78% | 71.75% | 73.37% | 74.81% | 76.95% | 78.47% | 75.46% | 77.37% | 78.43% |
| Operating Margin | 59.84% | -20.15% | 25.86% | 30.37% | 37.20% | 32.66% | 33.72% | 51.42% | 44.03% | 31.86% | 50.92% | 30.52% |
| Net Margin | 42.84% | -22.65% | 15.46% | 19.11% | 25.47% | 21.54% | 22.06% | 37.37% | 33.14% | 23.43% | 40.61% | 34.69% |
This table shows 12 quarterly periods of SM Energy's income statement, from Q2 2026 back to Q3 2023, across 17 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow SM's reporting calendar. What is a income statement?