SM Q2 2023 Earnings — SM Energy Company Revenue & Financial Results | Market Cap Arena

SMSM Energy Company

$3B

Q2 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$547M-44.8% YoY

Gross Profit

$243M44.5% margin

Operating Income

$209M38.3% margin

Net Income

$150M27.4% margin

EPS (Diluted)

$1.25

QoQ Revenue Growth

-4.2%

Cash Flow

Operating Cash Flow

$383M

Free Cash Flow

-$15M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$6.0B

Total Liabilities

$2.7B

Stockholders' Equity

$3.3B

Cash & Equivalents

$378M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$547M	$990M	-44.8%
Gross Profit	$243M	$670M	-63.7%
Operating Income	$209M	$513M	-59.2%
Net Income	$150M	$323M	-53.7%

Revenue Segments

Oil Revenue

$423M77%

Natural Gas Revenue

$70M13%

Oil and Condensate Revenue

$53M10%

Geographic Segments

Midland Basin

$340M62%

South Texas

$207M38%