The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Total operating revenues and other income | 3,154,000 | - | - | - |
| Oil, gas, and ngl production expense-Lease Operating Expense | -431,000 | - | - | - |
| Oil, gas, and ngl production expense-Transportation Costs | -292,000 | - | - | - |
| Oil, gas, and ngl production expense-Production Taxes | -127,000 | - | - | - |
| Total operating revenues and other income | - | 2,690,259 | - | - |
| Oil, gas, and ngl production expense-Ad Valorem Tax | -35,000 | - | - | - |
| Oil, gas, and ngl production expense | - | 636,971 | - | - |
| Depletion, depreciation, and amortization | -1,207,000 | 809,305 | - | - |
| Exploration | -57,000 | 64,121 | - | - |
| General and administrative | -161,000 | 138,344 | - | - |
| Net derivative (gain) loss | - | 49,958 | - | - |
| Other operating expense, net | - | -15,781 | - | - |
| Interest expense | - | 140,659 | - | - |
| Net derivative gain | -178,000 | - | - | - |
| Interest income | - | 31,903 | - | - |
| Other operating expense, net | 22,000 | - | - | - |
| Loss on extinguishment of debt | - | -483 | - | - |
| Interest expense | -173,000 | - | - | - |
| Other non-operating income | - | -233 | - | - |
| Interest income | -3,000 | - | - | - |
| Other non-operating expense | 0 | - | - | - |
| Income tax expense | -182,000 | 195,930 | - | - |
| Net income | 648,000 | 770,293 | 817,880 | 1,111,952 |
| Depletion, depreciation, and amortization | 1,207,000 | 809,305 | 690,481 | 603,780 |
| Impairment | - | - | 0 | 7,468 |
| Stock-based compensation expense | 29,000 | 25,021 | 20,250 | 18,772 |
| Net derivative gain | 178,000 | 49,958 | 68,154 | -374,012 |
| Net derivative settlement gain | 132,000 | 68,716 | 26,921 | -710,700 |
| Amortization of deferred financing costs | 10,000 | 7,456 | 5,486 | 10,281 |
| Loss on extinguishment of debt | - | -483 | 0 | -67,605 |
| Deferred income taxes | 178,000 | 174,986 | 88,256 | 269,057 |
| Other, net | 29,000 | 34,996 | 2,175 | -6,242 |
| Accounts receivable | -30,000 | 85,528 | 10,191 | -38,554 |
| Prepaid expenses and other | -1,000 | 12,535 | 2,437 | 1,055 |
| Accounts payable and accrued expenses | -17,000 | 109,271 | 8,077 | -109,562 |
| Net cash provided by operating activities | 2,011,000 | 1,782,514 | 1,574,394 | 1,686,406 |
| Capital expenditures | 1,438,000 | 1,310,630 | 989,411 | 879,934 |
| Acquisition of proved and unproved oil and gas properties | 34,000 | 2,103,677 | 109,931 | - |
| Other, net | -4,000 | -7,136 | -657 | 329 |
| Net cash used in investing activities | -1,468,000 | -3,407,171 | -1,098,685 | -880,263 |
| Proceeds from revolving credit facility | 1,570,000 | 1,018,500 | 0 | 0 |
| Repayment of revolving credit facility | 1,638,000 | 950,000 | 0 | 0 |
| Debt issuance costs related to revolving credit facility | - | 12,976 | - | - |
| Net proceeds from senior notes | 0 | 1,476,799 | 0 | 0 |
| Cash paid to repurchase senior notes | 0 | 349,118 | 0 | 584,946 |
| Repurchase of common stock | 13,000 | 86,056 | 228,105 | 57,207 |
| Dividends paid | 92,000 | 85,020 | 71,614 | 19,637 |
| Net proceeds from sale of common stock | 3,000 | 3,201 | 3,058 | 3,039 |
| Net share settlement from issuance of stock awards | - | 6,837 | 7,882 | 25,129 |
| Other, net | -5,000 | - | 0 | -9,981 |
| Net cash provided by (used in) financing activities | -175,000 | 1,008,493 | -304,543 | -693,861 |
| Net change in cash, cash equivalents, and restricted cash | 368,000 | -616,164 | 171,166 | 112,282 |
| Cash, cash equivalents, and restricted cash at beginning of period | 0 | 616,164 | 444,998 | 332,716 |
| Cash, cash equivalents, and restricted cash at end of period | 368,000 | 0 | 616,164 | 444,998 |
SM Energy Co (SM)
SM Energy Co (SM)