SM Q1 2024 Earnings — SM Energy Company Revenue & Financial Results | Market Cap Arena

SMSM Energy Company

$3B

Q1 2024 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$560M-2.0% YoY

Gross Profit

$256M45.8% margin

Operating Income

$178M31.9% margin

Net Income

$131M23.4% margin

EPS (Diluted)

$1.13

QoQ Revenue Growth

-7.8%

Cash Flow

Operating Cash Flow

$276M

Free Cash Flow

-$56M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$6.4B

Total Liabilities

$2.7B

Stockholders' Equity

$3.7B

Cash & Equivalents

$506M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$560M	$571M	-2.0%
Gross Profit	$256M	$274M	-6.6%
Operating Income	$178M	$272M	-34.4%
Net Income	$131M	$199M	-33.9%

Revenue Segments

Oil Revenue

$441M79%

Natural Gas Revenue

$68M12%

Oil and Condensate Revenue

$51M9%

Geographic Segments

Midland Basin

$373M67%

South Texas

$187M33%