For Q1 FY2026 (ended March 31, 2026), SM Energy reported revenue of $1.479 billion, up 75% year-over-year. However, net income was -$335 million, a decline of 284% from the prior year, with diluted EPS of -$1.68. Operating income also turned negative at -$298 million. The company held $449 million in cash and $6.868 billion in equity.
•Revenue surged 75% YoY to $1.479 billion.
•Net loss of $335 million vs. profit a year ago.
•Diluted EPS of -$1.68, down 206% YoY.
•Cash and equity stood at $449 million and $6.868 billion, respectively.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
SM Energy Company, an independent energy company provides the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the United States. The company holds working interests in oil and gas producing wells in the Midland Basin, South Texas, Uinta Basin, and DJ Basin. Founded in 1908 and headquartered in Denver, Colorado, SM Energy Company was formerly known as St. Mary Land & Exploration Company before rebranding in May 2010.
SM Energy Company is an independent energy company focused on the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the United States. The company holds working interests in oil and gas producing wells across several key basins, including the Midland Basin in West Texas, South Texas, the Uinta Basin in Utah, and the DJ Basin in Colorado. By leveraging its technical expertise and strategic asset base, SM Energy aims to efficiently develop its resource portfolio and generate value for shareholders. The company's operations are concentrated in these prolific regions, which are known for their rich hydrocarbon reserves and favorable geology.
Where is SM Energy Company listed and what currency does it trade in?
SM Energy Company is listed on the New York Stock Exchange (NYSE) under the ticker symbol 'SM'. The company's shares are traded in US Dollars (USD), which is the official currency of the United States. As a publicly traded company on a major US exchange, SM Energy provides investors with liquidity and access to its stock through standard brokerage accounts. The NYSE listing also subjects the company to rigorous reporting and governance standards set by the Securities and Exchange Commission (SEC), ensuring transparency for shareholders.
What sector and industry does SM Energy Company operate in?
SM Energy Company operates in the Energy sector, specifically within the Oil & Gas Exploration and Production (E&P) industry. As an E&P company, SM Energy is primarily engaged in finding, extracting, and producing crude oil, natural gas, and natural gas liquids from subsurface reservoirs. The company's activities include acquiring mineral rights, drilling wells, and managing production operations. This industry is capital-intensive and subject to commodity price volatility, regulatory changes, and technological advancements. SM Energy's focus on US onshore basins positions it within a competitive landscape of independent energy producers.
Where is SM Energy Company headquartered and what is its history?
SM Energy Company is headquartered in Denver, Colorado, United States. The company was founded in 1908 and originally operated under the name St. Mary Land & Exploration Company. In May 2010, the company rebranded to SM Energy Company to better reflect its strategic focus on energy exploration and production. With over a century of history, SM Energy has evolved from a land and exploration firm into a modern independent energy producer. Its headquarters in Denver places it in a central location for US energy operations, with access to talent and infrastructure supporting its activities across the Midland Basin, South Texas, Uinta Basin, and DJ Basin.
What are the key operational regions for SM Energy Company?
SM Energy Company holds working interests in oil and gas producing wells across four major US basins: the Midland Basin in West Texas, South Texas, the Uinta Basin in Utah, and the DJ Basin in Colorado. The Midland Basin is part of the larger Permian Basin, one of the most prolific oil-producing regions in the world. South Texas includes the Eagle Ford Shale, known for its oil and natural gas liquids. The Uinta Basin in Utah is a significant source of crude oil and natural gas, while the DJ Basin in Colorado is a key area for oil and gas development. These regions collectively form the core of SM Energy's asset portfolio, enabling diversified production across multiple resource plays.