SM Q2 2024 Earnings — SM Energy Company Revenue & Financial Results | Market Cap Arena

SMSM Energy Company

$3B

Q2 2024 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$633M+15.9% YoY

Gross Profit

$317M50.1% margin

Operating Income

$279M44.1% margin

Net Income

$210M33.2% margin

EPS (Diluted)

$1.82

QoQ Revenue Growth

+13.2%

Cash Flow

Operating Cash Flow

$476M

Free Cash Flow

$154M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$6.7B

Total Liabilities

$2.8B

Stockholders' Equity

$3.8B

Cash & Equivalents

$488M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$633M	$547M	+15.9%
Gross Profit	$317M	$243M	+30.5%
Operating Income	$279M	$209M	+33.5%
Net Income	$210M	$150M	+40.3%

Revenue Segments

Oil Revenue

$533M84%

Oil and Condensate Revenue

$56M9%

Natural Gas Revenue

$45M7%

Geographic Segments

Midland Basin

$402M63%

South Texas

$232M37%