SM Q2 2025 Earnings — SM Energy Company Revenue & Financial Results | Market Cap Arena

SMSM Energy Company

$3B

Q2 2025 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$785M+23.9% YoY

Gross Profit

$268M34.1% margin

Operating Income

$295M37.6% margin

Net Income

$202M25.7% margin

EPS (Diluted)

$1.76

QoQ Revenue Growth

-6.5%

Cash Flow

Operating Cash Flow

$571M

Free Cash Flow

$161M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$9.0B

Total Liabilities

$4.4B

Stockholders' Equity

$4.6B

Cash & Equivalents

$102M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$785M	$633M	+23.9%
Gross Profit	$268M	$317M	-15.5%
Operating Income	$295M	$279M	+5.6%
Net Income	$202M	$210M	-4.1%

Revenue Segments

E&P Segment

$793M100%

Geographic Segments

Midland Basin

$342M44%

Uinta Basin

$232M30%

South Texas

$211M27%