SM Q2 2022 Earnings — SM Energy Company Revenue & Financial Results | Market Cap Arena

SMSM Energy Company

$3B

Q2 2022 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$990M+76.0% YoY

Gross Profit

$670M67.6% margin

Operating Income

$513M51.8% margin

Net Income

$323M32.7% margin

EPS (Diluted)

$2.60

QoQ Revenue Growth

+15.3%

Cash Flow

Operating Cash Flow

$543M

Free Cash Flow

$327M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$5.3B

Total Liabilities

$2.9B

Stockholders' Equity

$2.4B

Cash & Equivalents

$267M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$990M	$563M	+76.0%
Gross Profit	$670M	$232M	+188.3%
Operating Income	$513M	-$181M	+383.9%
Net Income	$323M	-$223M	+245.1%

Revenue Segments

Oil Revenue

$667M67%

Natural Gas Revenue

$241M24%

Oil and Condensate Revenue

$82M8%

Geographic Segments

Midland Basin

$673M68%

South Texas

$318M32%