SM Q3 2023 Earnings — SM Energy Company Revenue & Financial Results | Market Cap Arena

SMSM Energy Company

$3B

Q3 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$640M-22.7% YoY

Gross Profit

$312M48.8% margin

Operating Income

$196M30.6% margin

Net Income

$222M34.8% margin

EPS (Diluted)

$1.88

QoQ Revenue Growth

+17.0%

Cash Flow

Operating Cash Flow

$383M

Free Cash Flow

$146M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$6.1B

Total Liabilities

$2.7B

Stockholders' Equity

$3.4B

Cash & Equivalents

$402M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$640M	$828M	-22.7%
Gross Profit	$312M	$522M	-40.2%
Operating Income	$196M	$622M	-68.6%
Net Income	$222M	$481M	-53.8%

Revenue Segments

Oil Revenue

$499M78%

Natural Gas Revenue

$82M13%

Oil and Condensate Revenue

$59M9%

Geographic Segments

Midland Basin

$415M65%

South Texas

$224M35%