Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.22B | $1.13B | $2.07B | $1.59B | $1.13B | $2.62B | $3.36B | $2.37B | $2.69B | $3.15B |
| Revenue growth | — | -7.2% | 83.0% | -23.1% | -29.1% | 132.8% | 28.1% | -29.3% | 13.3% | 17.2% |
| Operating income | -$1.06B | -$164M | $836M | -$70.0M | -$1.07B | $209M | $1.58B | $987M | $1.08B | $1.00B |
| Operating margin | -87.0% | -14.5% | 40.5% | -4.4% | -94.9% | 8.0% | 47.0% | 41.6% | 40.0% | 31.7% |
| Net income | -$758M | -$161M | $508M | -$187M | -$765M | $36.2M | $1.11B | $818M | $770M | $648M |
| Net margin | -62.2% | -14.2% | 24.6% | -11.8% | -67.9% | 1.4% | 33.1% | 34.5% | 28.6% | 20.5% |
| EPS (diluted) | -$9.90 | -$1.44 | $4.48 | -$1.66 | -$6.72 | $0.29 | $8.96 | $6.86 | $6.67 | $5.64 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $553M | $515M | $721M | $824M | $791M | $1.16B | $1.69B | $1.57B | $1.78B | $2.01B |
| Share buybacks | — | — | — | — | $0.00 | $0.00 | $57.2M | $228M | $86.0M | $13.0M |
| Dividends paid | $7.75M | $11.1M | $11.2M | $11.3M | $2.28M | $2.39M | $19.6M | $72.0M | $85.0M | $92.0M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $9.37M | $314M | $78.0M | $10.0K | $10.0K | $333M | $445M | $616M | $0.00 | $368M |
| Total assets | $6.39B | $6.18B | $6.35B | $6.29B | $4.98B | $5.23B | $5.72B | $6.38B | $8.58B | $9.25B |
| Long-term debt | — | — | — | — | $2.21B | $2.08B | — | — | — | — |
| Shareholders' equity | $2.50B | $2.39B | $2.92B | $2.75B | $2.02B | $2.06B | $3.08B | $3.62B | $4.24B | $4.81B |
| Retained earnings | $794M | $666M | $1.17B | $968M | $201M | $235M | $1.31B | $2.05B | $2.73B | $3.29B |
| Shares (wtd avg diluted) | 76.6M | 111M | 114M | 113M | 114M | 124M | 124M | 119M | 116M | 115M |
Every figure is extracted from SM Energy Co’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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