SM Energy Co.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.15B | $2.69B | $2.37B | $3.36B | $2.62B | $1.13B | $1.59B | $2.07B |
| Cost of Revenue | — | — | — | — | — | — | $500.7M | $487.4M |
| Gross Profit | — | — | — | — | — | — | $1.09B | $1.58B |
| Gross Margin | — | — | — | — | — | — | 68.5% | 76.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $161.0M | $138.0M | $121.0M | $114.6M | $111.9M | $99.2M | $132.8M | $116.5M |
| Operating Income | $1.00B | $1.08B | $987.0M | $1.58B | $209.1M | $-1.07B | $-70.0M | $836.3M |
| Operating Margin | 31.7% | 40.0% | 41.6% | 47.0% | 8.0% | -94.9% | -4.4% | 40.5% |
| Interest Expense | $173.0M | $141.0M | $92.0M | $120.3M | $160.4M | $163.9M | $159.1M | $160.9M |
| Pretax Income | $830.0M | $966.0M | $914.0M | $1.40B | $46.2M | $-956.7M | $-231.0M | $651.8M |
| Income Tax Expense | $182.0M | $196.0M | $96.0M | $283.8M | $9.9M | $-192.1M | $-44.0M | $143.4M |
| Net Income | $648.0M | $770.0M | $818.0M | $1.11B | $36.2M | $-764.6M | $-187.0M | $508.4M |
| Net Margin | 20.5% | 28.6% | 34.5% | 33.1% | 1.4% | -67.9% | -11.8% | 24.6% |
| EPS (Basic) | $5.65 | $6.71 | $6.89 | $9.09 | $0.30 | $-6.72 | $-1.66 | $4.54 |
| EPS (Diluted) | $5.64 | $6.67 | $6.86 | $8.96 | $0.29 | $-6.72 | $-1.66 | $4.48 |
| Shares Outstanding (Basic) | 115.0M | 115.0M | 119.0M | 122.4M | 119.0M | 113.7M | 112.5M | 111.9M |
| Shares Outstanding (Diluted) | 115.0M | 116.0M | 119.0M | 124.1M | 123.7M | 113.7M | 112.5M | 113.5M |
| Dividends Per Share | $0.80 | $0.76 | $0.63 | $0.31 | $0.02 | $0.02 | $0.10 | $0.10 |