SM Energy Co
SM Energy Company (NYSE: SM) is an independent energy company that acquires, explores for, develops and produces oil, natural gas and natural gas liquids in the United States. Its assets span the Midland and Delaware basins in the Permian, South Texas’s Maverick Basin, Utah’s Uinta Basin and, following its January… From the company’s description.
In fiscal 2025, SM Energy Co reported revenue of $3.15B, up 17.2% from fiscal 2024, and net income of $648.00M. Its operating margin was 31.7%, and operations generated $2.01B in cash. Over the twelve months to Jun 30, 2026, revenue was $5.50B.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What SM Energy Co does
In the company’s own words
SM Energy Company (NYSE: SM) is an independent energy company that acquires, explores for, develops and produces oil, natural gas and natural gas liquids in the United States. Its assets span the Midland and Delaware basins in the Permian, South Texas’s Maverick Basin, Utah’s Uinta Basin and, following its January 2026 merger with Civitas Resources, Colorado’s DJ Basin. The company’s operations focus on developing oil and gas properties and selling the resulting production; in 2025, its Midland Basin, South Texas and Uinta Basin assets accounted for 32%, 52% and 16% of estimated proved reserves, respectively. SM Energy was founded in 1908 and completed its initial public offering in 1992. The Civitas merger expanded its portfolio into the DJ Basin and Delaware Basin and added to its Midland Basin position. For fiscal 2025, production revenue was $3.1 billion, and average daily production was 206,800 barrels of oil equivalent. Its website is www.sm-energy.com.
Company details
- Sector
- Energy
- Industry (SIC)
- Oil & Gas Extraction
- Headquarters
- DENVER, CO
- Fiscal year end
- December
- CIK
- 893538
- SIC
- 1311
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns SM Energy Co — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · SM Energy Co’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
SM Energy Co’s bonds, as funds hold them
Funds report holding 11 issues of SM Energy Co’s debt, $3.21B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 7.81%, maturing 2026 to 2034.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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