SM Q1 2023 Earnings — SM Energy Company Revenue & Financial Results | Market Cap Arena

SMSM Energy Company

$3B

Q1 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$571M-33.5% YoY

Gross Profit

$274M48.0% margin

Operating Income

$272M47.7% margin

Net Income

$199M34.8% margin

EPS (Diluted)

$1.62

QoQ Revenue Growth

-14.7%

Cash Flow

Operating Cash Flow

$332M

Free Cash Flow

$91M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$5.9B

Total Liabilities

$2.6B

Stockholders' Equity

$3.2B

Cash & Equivalents

$478M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$571M	$859M	-33.5%
Gross Profit	$274M	$555M	-50.5%
Operating Income	$272M	$102M	+167.4%
Net Income	$199M	$49M	+307.2%

Revenue Segments

Oil Revenue

$421M74%

Natural Gas Revenue

$94M16%

Oil and Condensate Revenue

$56M10%

Geographic Segments

Midland Basin

$370M65%

South Texas

$201M35%