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SM ENERGY CO   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2025202420232022202120202019201820172016
Period End Date12/31/202512/31/202412/31/202312/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Marketed gas system revenue------------------0.00
Oil, gas, and NGL production revenue3,138.002,671.292,363.893,345.912,597.921,126.191,585.751,636.361,253.781,178.43
Other operating revenue16.0018.9710.0012.7424.980.393.493.806.621.95
Realized hedge (loss) gain--------------------
Gain on divestiture activity----------0.090.86426.92(131.03)37.07
Other oil and gas revenue--------------------
Derivative gain--------------------
Total operating revenues and other income3,154.002,690.262,373.893,358.652,622.891,126.671,590.112,067.071,129.381,217.45
Oil, gas, and NGL production expense885.00636.97563.54620.91505.42391.22500.71487.37507.91597.57
Depletion, depreciation, amortization, and asset retirement obligation liability accretion1,207.00809.31690.48603.78774.39784.99823.80665.31557.04790.75
Impairment of goodwill------7.47------------
General and administrative161.00138.34121.06114.56111.9599.16132.80116.50120.59126.43
Exploration57.0064.1259.4854.9439.3041.0051.5055.1756.1865.64
Other operating expense(22.00)(15.78)(20.57)(3.49)(46.07)(24.83)(19.89)(18.33)(13.67)(17.97)
Marketed gas system expense------------------0.00
Unrealized and realized derivative (gain) loss178.0049.9668.15(374.01)(901.66)161.58(97.54)161.83(26.41)(250.63)
Change in Net Profits Plan liability------------------7.20
Bad debt recovery--------------------
Impairment of materials inventory--------------------
Abandonment and impairment of unproved properties--------(35.00)(1,016.01)(33.84)(49.89)(12.27)(80.37)
Impairment of proved properties----------------(3.81)(354.61)
Minority interest and other--------------------
Impairment of other property and equipment----------------0.000.00
Total Operating Expenses2,154.001,614.561,386.981,779.172,413.772,195.621,660.071,230.741,297.872,276.77
Income (loss) from operations1,000.001,075.70986.911,579.48209.12(1,068.95)(69.97)836.34(168.49)(1,059.32)
Interest expense173.00140.6691.63120.35160.35163.89159.10160.91179.26158.69
Interest income3.0031.9019.85--------------
Other, net0.00(0.23)(0.93)4.24(0.46)(3.94)(1.97)3.093.970.36
Income (Loss) on extinguishment of debt--(0.48)--(67.61)(2.14)280.08--(26.74)(0.04)15.72
Income (loss) before income taxes830.00966.22914.201,395.7746.17(956.71)(231.04)651.78(343.81)(1,201.92)
Income tax (expense) benefit182.00195.9396.32283.829.94(192.09)(44.04)143.37(182.97)(444.17)
Income before cumulative effect of change in accounting principle--------------------
Cumulative effect of change in accounting principle, net of income tax--------------------
Net Income (Loss) Available to Common Shareholders648.00770.29817.881,111.9536.23(764.61)(187.00)508.41(160.84)(757.74)
Income from Continuing Operations--------------------
Cumulative Effect of Change in Accounting Principle, Net of Income Tax--------------------
Basic net income (loss) per common share5.656.716.899.090.30(6.72)(1.66)4.54(1.44)(9.90)
Income from Continuing Operations--------------------
Cumulative Effect of Change in Accounting Principle, Net of Income Tax--------------------
Diluted net income (loss) per common share5.646.676.868.960.29(6.72)(1.66)4.48(1.44)(9.90)
Basic weighted-average common shares outstanding115.00114.76118.68122.35119.04113.73112.54111.91111.4376.57
Diluted weighted-average common shares outstanding115.00115.53119.24124.08123.69113.73112.54113.50111.4376.57