SM Q3 2024 Earnings — SM Energy Company Revenue & Financial Results | Market Cap Arena

SMSM Energy Company

$3B

Q3 2024 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$642M+0.4% YoY

Gross Profit

$291M45.3% margin

Operating Income

$331M51.5% margin

Net Income

$241M37.4% margin

EPS (Diluted)

$2.09

QoQ Revenue Growth

+1.4%

Cash Flow

Operating Cash Flow

$452M

Free Cash Flow

$149M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$8.0B

Total Liabilities

$4.0B

Stockholders' Equity

$4.1B

Cash & Equivalents

$1.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$642M	$640M	+0.4%
Gross Profit	$291M	$312M	-6.7%
Operating Income	$331M	$196M	+69.2%
Net Income	$241M	$222M	+8.2%

Revenue Segments

Oil Revenue

$532M83%

Oil and Condensate Revenue

$60M9%

Natural Gas Revenue

$51M8%

Geographic Segments

Midland Basin

$406M63%

South Texas

$236M37%