profit from every $100 of sales.
$0$100
SM Energy
$32.73-0.12% today
+77.4% in 1 year
1-year low $17.571-year high $41.29
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $11.87 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What SM Energy sold, what it kept, and what it did with the cash.
Sales went from $3.35 billion in 2022 to $3.14 billion in 2025, with $648 million of profit last year.
SalesProfit
SM Energy handed back 19% of the cash it generated last year.
$92M
Free cash flow 2025$539M
Bought back its own shares$13M
Paid as dividends$92M
Cash vs. debt$368M vs. $2.7B
SM Energy vs. similar companies
SM Energy grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| SM Energy | 11.9× · Cheap | ||
 EQT | 16.2× · Fair price | ||
 Coterra Energy | 14.4× · Cheap | ||
 Expand Energy | 11.2× · Cheap | ||
 Permian Resources | 20.7× · Fair price |
AI analysis
An AI analyst reads SM Energy's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 1,127 | 2,623 | 3,346 | 2,364 | 2,671 | 3,138 | |
| – | – | 2,121 | 1,110 | 1,225 | 1,046 | |
| – | – | 1,953 | 919 | 1,026 | 822 | |
| – | – | 2,120 | 1,696 | 1,916 | 2,210 | |
| -765 | 36 | 1,112 | 818 | 770 | 648 | |
| -6.72 | 0.29 | 8.96 | 6.86 | 6.67 | 5.64 | |
| – | – | 63.4% | 47.0% | 45.9% | 33.3% | |
| – | – | 58.4% | 38.9% | 38.4% | 26.2% | |
| -67.9% | 1.4% | 33.2% | 34.6% | 28.8% | 20.7% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 4,976 | 5,234 | 5,716 | 6,380 | 8,577 | 9,253 |
| Cash | 0 | 333 | 445 | 616 | 0 | 368 |
| Total debt | – | – | 1,572 | 1,575 | 2,777 | 2,715 |
| Total liabilities | – | – | 2,631 | 2,764 | 4,340 | 4,443 |
| 2,016 | 2,063 | 3,085 | 3,616 | 4,237 | 4,810 | |
| 114 | 124 | 124 | 119 | 116 | 115 | |
| -31.1% | 7.9% | 25.7% | 15.3% | 12.5% | 10.5% | |
| -37.9% | 1.8% | 36.0% | 22.6% | 18.2% | 13.5% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 791 | 1,160 | 1,686 | 1,574 | 1,783 | 2,011 | |
| – | – | 880 | 1,099 | 3,415 | 1,472 | |
| – | – | 806 | 475 | -1,632 | 539 | |
| Dividends paid | 2 | 2 | 20 | 72 | 85 | 92 |
| 0 | 0 | 57 | 228 | 86 | 13 | |
| 15 | 19 | 19 | 20 | 25 | 29 |
Valuation
- 11.9×
- 4.8×
- –
- 0.5×
- 2.5×
- 14.3×
- 4.5×
- 7.0%
- 8.4%
- 2.7%
Profitability
- 33.3%
- 26.2%
- 20.7%
- 54.2%
- -7.7%
- 12.0%
- 2.5%
- 0.7%
- 1.7%
- –
Growth
- +22.7%
- –
- +135.1%
- +118.7%
- −0.9%
Financial health
- 3.1×
- 0.98
- 35.2%
- 0.5×
- 0.39
- 0.39
- 0.20
How it ranks in Energy
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 2%of 467
Top 26%of 466
Top 27%of 387
Top 13%of 461
Top 36%of 460
What analysts expect
- Average price target
- $29.00
- Range
- $19.00 – $49.00
- 4 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 6, 2026 | 1.55 | 1.13 | +37.2% |
| Feb 25, 2026 | 0.83 | 0.83 | +0.2% |
| Nov 4, 2025 | 1.33 | 1.25 | +6.4% |
| Jul 31, 2025 | 1.50 | 1.25 | +20.0% |
| May 1, 2025 | 1.76 | 1.62 | +8.6% |
| Feb 19, 2025 | 1.91 | 2.00 | −4.5% |
| Oct 31, 2024 | 1.62 | 1.53 | +5.9% |
| Aug 7, 2024 | 1.85 | 1.53 | +20.9% |
2.7%of the share price, paid each year
On $1,000 invested$27a year at today's yield, before tax
+118.7%2020 to 2025
Raised4 yearsin a row, in our data
Paid per share, each year
$0.10 in 2015 → $1.00 in 2025
How safe it looks
14.2% of its profit
Room to growStretchedMore than it earns: 17.1%
News
Kolibri Global Energy GAAP EPS of $0.10 misses by $0.05, revenue of $18.3M beats by $0.97MSeeking Alpha · Nov 13, 2026These five energy stocks remain under pressure with persistent Sell ratingsSeeking Alpha · Nov 13, 2026XOP vs AMLP. Is a Midstream or Upstream Energy ETF the Better Buy as Oil Prices Stay High?Yahoo Finance · Nov 12, 2026Bloom Energy’s stock rallies as data-center jitters subsideMarketWatch · Nov 11, 2026Stock Market Today: Nasdaq Jumps As CoreWeave Results Fuel AI Stampede; Bloom Energy, Dell Soar (Live Coverage)Yahoo Finance · Nov 11, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
3/7Passes 3 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
53No pass
Benjamin Graham
75Pass
Philip Fisher
67Pass
Peter Lynch
87Pass
Joel Greenblatt
43No pass
Charlie Munger
49No pass
Terry Smith
45No pass
Questions about SM Energy
Is SM Energy a good stock to buy?
A business with weak numbers, and the price looks low. 3 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the SM Energy AI analysis
What does SM Energy do?
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the state of Texas. It is in Oil & Gas Exploration & Production, based in Denver, CO, United States, with 1,241 employees.
Does SM Energy pay a dividend?
Yes. At today's price the dividend is 2.7% a year, about 14% of its yearly profit. In 2025 it paid out $92.0 million in dividends.
Is SM Energy stock halal?
No. SM Energy does not pass our halal screen: its debt is 35% of its market value, at or above the 33% limit. How we check
How has SM Energy stock done over the past year?
Up 77.4% over the past twelve months, to $32.73. It traded between $17.57 and $41.29 and is 20.7% below its high.
Who are SM Energy's competitors?
The largest listed companies in the same industry are EQT, Coterra Energy, Expand Energy and Permian Resources. The peers table on this page compares their profit, growth and price with SM Energy's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.