SM Q4 2023 Earnings — SM Energy Company Revenue & Financial Results | Market Cap Arena

SMSM Energy Company

$3B

Q4 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$607M-9.3% YoY

Gross Profit

$280M46.2% margin

Operating Income

$310M51.1% margin

Net Income

$247M40.7% margin

EPS (Diluted)

$2.12

QoQ Revenue Growth

-5.1%

Cash Flow

Operating Cash Flow

$477M

Free Cash Flow

$253M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$6.4B

Total Liabilities

$2.8B

Stockholders' Equity

$3.6B

Cash & Equivalents

$616M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$607M	$669M	-9.3%
Gross Profit	$280M	$375M	-25.2%
Operating Income	$310M	$343M	-9.6%
Net Income	$247M	$258M	-4.4%

Revenue Segments

Oil Revenue

$470M77%

Natural Gas Revenue

$83M14%

Oil and Condensate Revenue

$54M9%

Geographic Segments

Midland Basin

$398M66%

South Texas

$208M34%