SM Q4 2025 Earnings — SM Energy Company Revenue & Financial Results | Market Cap Arena

SMSM Energy Company

$3B

Q4 2025 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$718M-14.1% YoY

Gross Profit

$136M18.9% margin

Operating Income

$4M0.6% margin

Net Income

$109M15.2% margin

EPS (Diluted)

$0.95

QoQ Revenue Growth

-11.4%

Cash Flow

Operating Cash Flow

$452M

Free Cash Flow

-$572M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$9.3B

Total Liabilities

$4.4B

Stockholders' Equity

$4.8B

Cash & Equivalents

$368M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$718M	$836M	-14.1%
Gross Profit	$136M	$361M	-62.4%
Operating Income	$4M	$287M	-98.5%
Net Income	$109M	$188M	-42.1%

Revenue Segments

E&P Segment

$1.5B100%

Geographic Segments

Midland Basin

$293M42%

South Texas

$211M30%

Uinta Basin

$198M28%