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10-K

Annual Report

SM Energy Co SM

0000893538-26-000032

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Filed
Feb 26, 2026 12:00 AM ET
Period of report
Restated figures. One or more values in this filing restate previously reported amounts.

On SEC.gov

Financials in this filing

Metric Period Value
Shares Outstanding FY 2025 · Feb 2, 2026 238.36M sh
Shares Diluted FY 2025 · Dec 31, 2025 115M sh
Shares Diluted restated FY 2025 · Dec 31, 2024 116M sh
Shares Diluted restated FY 2025 · Dec 31, 2023 119M sh
Stock Repurchased FY 2025 · Dec 31, 2025 $13M
Stock Repurchased restated FY 2025 · Dec 31, 2024 $86M
Stock Repurchased restated FY 2025 · Dec 31, 2023 $228M
Dividends Paid FY 2025 · Dec 31, 2025 $92M
Dividends Paid restated FY 2025 · Dec 31, 2024 $85M
Dividends Paid restated FY 2025 · Dec 31, 2023 $72M
Operating Cash Flow FY 2025 · Dec 31, 2025 $2.01B
Operating Cash Flow restated FY 2025 · Dec 31, 2024 $1.78B
Operating Cash Flow restated FY 2025 · Dec 31, 2023 $1.57B
Cash And Equivalents FY 2025 · Dec 31, 2025 $368M
Cash And Equivalents FY 2025 · Dec 31, 2024 $0
Stockholders Equity FY 2025 · Dec 31, 2025 $4.81B
Stockholders Equity restated FY 2025 · Dec 31, 2024 $4.24B
Stockholders Equity restated FY 2025 · Dec 31, 2023 $3.62B
Stockholders Equity restated FY 2025 · Dec 31, 2022 $3.09B
Current Liabilities FY 2025 · Dec 31, 2025 $1.17B
Current Liabilities restated FY 2025 · Dec 31, 2024 $790M
Current Assets FY 2025 · Dec 31, 2025 $811M
Current Assets restated FY 2025 · Dec 31, 2024 $435M
Total Assets FY 2025 · Dec 31, 2025 $9.25B
Total Assets restated FY 2025 · Dec 31, 2024 $8.58B
Eps Diluted FY 2025 · Dec 31, 2025 $5.64
Eps Diluted FY 2025 · Dec 31, 2024 $6.67
Eps Diluted FY 2025 · Dec 31, 2023 $6.86
Eps Basic FY 2025 · Dec 31, 2025 $5.65
Eps Basic FY 2025 · Dec 31, 2024 $6.71
Eps Basic FY 2025 · Dec 31, 2023 $6.89
Sga Expense FY 2025 · Dec 31, 2025 $161M
Sga Expense restated FY 2025 · Dec 31, 2024 $138M
Sga Expense restated FY 2025 · Dec 31, 2023 $121M
Net Income FY 2025 · Dec 31, 2025 $648M
Net Income restated FY 2025 · Dec 31, 2024 $770M
Net Income restated FY 2025 · Dec 31, 2023 $818M
Operating Income FY 2025 · Dec 31, 2025 $1B
Operating Income restated FY 2025 · Dec 31, 2024 $1.08B
Operating Income restated FY 2025 · Dec 31, 2023 $987M
Revenue FY 2025 · Dec 31, 2025 $3.15B
Revenue restated FY 2025 · Dec 31, 2024 $2.69B
Revenue restated FY 2025 · Dec 31, 2023 $2.37B