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    SM Energy Co (SM)

    Official site

    ENERGY • OIL & GAS E&P • NYSE

    $38.54
    +0.85 (+2.26%)

    Market Cap: $9.17B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    82%(32/39)
    Avg Surprise
    +34.50%
    Streak
    2 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$1.77
    Range$1.49 - $2.24
    17 analysts
    EPS Revisions
    1
    0
    7d
    4
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$1.83-3.3%
    60d ago$1.69+4.6%
    30d ago$1.70+4.2%
    7d ago$1.75+1.0%
    Current$1.77
    Revenue Consensus
    $1.9B
    Range$1.8B - $2.2B
    12 analysts
    Period ending Dec 31, 2026
    EPS Consensus$2.63
    Range$1.93 - $3.66
    17 analysts
    Revenue Consensus
    $2.2B
    Range$1.8B - $2.8B
    12 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    -$2.63---
    Sep 26EST
    -$1.77---
    Jun 26
    Reported Aug 5
    $2.19$1.93+13.47%Beat+46.0%
    Mar 26
    Reported May 6
    $1.55$1.13+37.17%Beat-11.9%
    Dec 25
    Reported Feb 25
    $0.83$0.97-14.57%Miss-56.5%
    Sep 25
    Reported Nov 4
    $1.33$1.25+6.40%Beat-17.9%
    Jun 25
    Reported Jul 31
    $1.50$1.25+20.00%Beat-18.9%
    Mar 25
    Reported May 1
    $1.76$1.62+8.64%Beat+24.8%
    Dec 24
    Reported Feb 19
    $1.91$1.91-0.15%Miss+20.1%
    Sep 24
    Reported Oct 31
    $1.62$1.53+5.88%Beat-6.4%
    Jun 24
    Reported Aug 7
    $1.85$1.52+21.71%Beat+44.5%
    Mar 24
    Reported May 2
    $1.41$1.28+10.16%Beat+6.0%
    Dec 23
    Reported Feb 21
    $1.59$1.38+15.22%Beat+23.3%
    Sep 23
    Reported Nov 2
    $1.73$1.62+6.79%Beat-4.9%
    Jun 23
    Reported Aug 2
    $1.28$1.11+15.32%Beat-41.6%
    Mar 23
    Reported Apr 27
    $1.33$1.21+9.92%Beat-32.8%
    Dec 22
    Reported Feb 22
    $1.29$1.26+2.38%Beat+13.2%
    Sep 22
    Reported Nov 3
    $1.82$1.77+2.82%Beat+145.9%
    Jun 22
    Reported Aug 3
    $2.19$2.17+0.92%Beat+21800.0%
    Mar 22
    Reported Apr 28
    $1.98$1.97+0.51%Beat+4060.0%
    Dec 21
    Reported Feb 24
    $1.14$0.74+54.05%Beat+5600.0%
    Sep 21
    Reported Oct 28
    $0.74$0.14+428.57%Beat+1580.0%
    Jun 21
    Reported Jul 29
    $0.01N/A+104.17%Beat+106.7%
    Mar 21
    Reported Apr 29
    $-0.05N/A+78.26%Beat+0.0%
    Dec 20
    Reported Feb 17
    $0.02N/A-60.00%Miss+150.0%
    Sep 20
    Reported Oct 29
    $-0.05N/A+78.26%Beat+54.5%
    Jun 20
    Reported Jul 30
    $-0.15N/A+70.00%Beat-1600.0%
    Mar 20
    Reported Apr 29
    $-0.05N/A+70.59%Beat+85.3%
    Dec 19
    Reported Feb 19
    $-0.04$-0.04+0.00%Beat+77.8%
    Sep 19
    Reported Oct 31
    $-0.11$-0.13+15.38%Beat-1000.0%
    Jun 19
    Reported Aug 1
    $0.01N/A+109.09%Beat-93.3%
    Mar 19
    Reported May 1
    $-0.34$-0.29-17.24%Miss-585.7%
    Dec 18
    Reported Feb 20
    $-0.18$-0.16-12.50%Miss-125.0%
    Sep 18
    Reported Nov 1
    $-0.01N/A-106.25%Miss+96.0%
    Jun 18
    Reported Aug 1
    $0.15$0.07+114.29%Beat+146.9%
    Mar 18
    Reported May 3
    $0.07$0.03+133.33%Beat+138.9%
    Dec 17
    Reported Feb 21
    $-0.08$-0.14+42.86%Beat+74.2%
    Sep 17
    Reported Nov 2
    $-0.25$-0.31+19.35%Beat-
    Jun 17
    Reported Aug 3
    $-0.32$-0.29-10.34%Miss-
    Mar 17
    Reported May 2
    $-0.18$-0.35+48.57%Beat-
    Dec 16
    Reported Feb 22
    $-0.31$-0.40+22.50%Beat-

    Dividends

    Dividend Metrics

    Forward Yield2.28%
    Forward Annual Dividend$0.88
    Payout Ratio25.33%
    FrequencyQuarterly
    Pay MonthsJan, Mar, Jun, Sep, Nov

    Growth

    3Y CAGR+84.20%
    5Y CAGR+118.67%

    Key Metrics

    Valuation
    P/E Ratio6.53EV/EBITDA4.74x
    Price/FCF11.86xFCF Yield8.43%
    Profitability
    Profit Margin20.20%Operating Margin60.30%
    ROE16.10%ROIC8.30%
    Financial Health
    Debt/Equity0.90xInterest Coverage5.26x
    Current Ratio0.62xQuick Ratio0.62x
    Trading Statistics
    Beta0.96Avg Volume3.76M
    52-Week High$41.5652-Week Low$17.03

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$35.98
    SMA 20$35.53
    SMA 50$35.38
    SMA 200$28.76
    EMA 10$36.48
    EMA 20$36.06
    EMA 50$35.05
    EMA 200$30.22

    MACD

    Line: 0.42Signal: 0.07Hist: 0.36

    ADX

    ADX: 17.5+DI: 31.8-DI: 15.6

    Aroon & PSAR

    Aroon Up20.0
    Aroon Down60.0
    PSAR$33.92

    Bollinger Bands

    Upper Band$38.79
    Lower Band$32.27
    %B Position1835%(Upper)
    Band Width0.96

    RSI (14-Day)

    Neutral
    63.8

    Momentum Oscillators

    Stoch %K91.7
    Stoch %D87.1
    Williams %R-2.4
    ROC (10d)16.4%
    Momentum5.43
    CCI (20d)129.9
    MFI (14d)70.0

    Volatility Measures

    ATR (14d)$1.39(3.6%)
    StdDev (20d)1.63
    Hist Vol49.3%(High)

    Volume Flow

    VWAP$38.32
    OBV43.4M
    AD Line-938.9M
    CMF (20d)-0.227

    Volume Metrics

    Avg Vol (20d)3.7M
    Vol Ratio0.6x
    VWMA (20d)$35.63

    Pivot Points

    R3$39.03
    R2$38.60
    R1$38.14
    Pivot Point$37.71
    S1$37.25
    S2$36.82
    S3$36.36

    Advanced Oscillators

    TSI7.23
    Ultimate Osc58.8
    KST-20.01

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$2.50B$1.48B$704.92M$811.59M$793.00M$845.00M$851.96M$643.61M$634.55M$559.87M$608.84M$640.90M
    Cost of Revenue$556.00M$428.00M$430.89M$229.04M$224.00M$225.00M$214.62M$148.38M$136.62M$137.38M$137.80M$138.26M
    Gross Profit$1.94B$1.05B$274.03M$582.55M$569.00M$620.00M$637.34M$495.23M$497.93M$422.50M$471.04M$502.64M
    Operating Expenses$448.00M$1.35B$91.71M$336.07M$274.00M$343.00M$350.07M$164.28M$218.55M$244.10M$161.03M$307.04M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$79.00M$174.00M$40.25M$39.32M$42.00M$39.00M$41.57M$35.14M$31.11M$30.18M$36.58M$29.25M
    Operating Income$1.50B$-298,000,000$182.32M$246.48M$295.00M$276.00M$287.27M$330.95M$279.38M$178.40M$310.00M$195.60M
    Interest Income$0$0$1.88M$828,000$0$0$880,000$18.02M$6.33M$6.77M$6.20M$4.11M
    Interest Expense$111.00M$113.00M$43.13M$42.94M$43.00M$44.00M$46.64M$50.68M$21.81M$21.87M$24.29M$23.11M
    Income Before Tax$1.39B$-410,000,000$141.20M$204.29M$253.00M$232.00M$241.20M$297.65M$263.88M$163.27M$291.61M$176.36M
    Income Tax Expense$318.00M$-75,000,000$32.23M$49.20M$51.00M$50.00M$53.21M$57.13M$53.59M$32.07M$44.38M$-45,979,000
    Net Income$1.07B$-335,000,000$108.98M$155.09M$202.00M$182.00M$187.99M$240.52M$210.29M$131.20M$247.23M$222.34M
    EBITDA$2.09B$130.00M$503.54M$574.33M$590.00M$549.00M$549.25M$535.44M$460.38M$345.93M$499.21M$386.09M
    EBIT$1.50B$-297,000,000$182.46M$246.40M$295.00M$276.00M$286.96M$330.31M$279.36M$178.37M$309.70M$195.36M
    * Some calculated fields are derived from available data when not provided by source

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    SM Valuation and Fair Value

    P/E
    6.5x
    Forward P/E
    4.4x
    EV/EBITDA
    4.7x
    P/FCF
    11.9x
    PEG
    0.2x
    P/B
    1.2x
    See GNG's fair value

    SM Profitability: Margins, ROIC and FCF

    Gross margin
    70.1%
    Operating margin
    60.3%
    Net margin
    20.2%
    ROIC
    8.3%
    ROE
    16.1%
    FCF margin
    14.1%
    FCF yield
    8.4%

    SM Analyst Ratings

    Consensus
    Buy
    Analysts
    17
    Strong Buy
    2
    Buy
    9
    Hold
    5
    Sell
    1
    Strong Sell
    0

    SM Bull Case vs Bear Case

    Bull case

    • SM has a 20.2% net profit margin.
    • SM beat EPS estimates in 75.0% of its last 8 reported quarters.
    • SM grew quarterly revenue 176.1% year over year.

    SM Earnings: Beat Rate and Next Report

    Beat rate
    6 of 8 quarters (75.0%)
    Average surprise
    9.6%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $1.77
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    4 up, 1 down

    SM Dividend

    Forward yield
    2.3%
    Payout ratio
    25.3%
    3Y DPS growth
    84.2%
    5Y DPS growth
    118.7%
    Pay months
    Jan, Mar, Jun, Sep, Nov
    SM dividend history

    Frequently Asked Questions About SM

    What is SM's current dividend yield?

    SM Energy Co (SM) has a forward dividend yield of 2.28%.

    Does SM pay dividends?

    Yes, SM Energy Co pays dividends with a forward dividend yield of 2.28%.

    What is SM's P/E ratio?

    SM Energy Co has a price-to-earnings (P/E) ratio of 6.53.

    What is SM's market cap?

    SM Energy Co (SM) has a market capitalization of $9.17B with a current stock price of $38.54.

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