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SM Energy Co (SM) stock

SMNYSECrude Petroleum & Natural GasFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 13/3021% below fair value
$31.16+1.64 (+5.56%)

Close on Nov 11, 2026Market cap $7.41BP/E 7.6Yield 2.57%

SM Energy Co grew revenue 107.6% to $6.85B over the twelve months to Sep 30, 2026. Operating income rose 46.3% to $1.62B, moving the operating margin from 33.4% to 23.6%. At the latest close the market valued the company at $7.41B, 7.6 times its earnings.

Revenue
$6.85B
+107.6% vs. a year earlier
Operating income
$1.62B
+46.3% vs. a year earlier
EPS, diluted
$4.12
-34.7% vs. a year earlier

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$7.41B
P/E ratio
7.6
Price to sales
1.08
Price to book
0.95
Dividend yield
2.57%
Free cash flow yield
–

Fundamentals

Revenue
$6.85B
Net income
$938.00M
EPS, diluted
$4.12
Book value per share
$32.54
Diluted shares
239M

Trading

Next earnings
Feb 24, 2027 (estimated, after the close)
Previous close
$29.52
Open
$30.13
Day's range
$29.66 – $31.16
Volume
3,570,054
Average volume (20 days)
3,241,340
Index membership
S&P SmallCap 600, Russell 2000, Russell 3000
Beta (5 years)
0.98
52-week range
$17.45 – $41.56
RSI (14 days)
36.2
Volatility (1 year)
54.0%
Relative volume
1.00×
WACC
9.8%

Index membership is inferred from the holdings of funds that track each index (SPSM, IJR, IWM, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2009, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.

PeriodSMS&P 500DifferenceSM per yearS&P 500 per year
1 month-15.8%-2.4%−13.4 pts
3 months-3.6%-1.2%−2.4 pts
Year to date+70.2%+12.3%+57.9 pts
1 year+66.5%+12.4%+54.1 pts
3 years-8.2%+78.8%−87.0 pts-2.8%+21.4%
5 years-1.5%+75.2%−76.6 pts-0.3%+11.9%
10 years+11.9%+311.1%−299.2 pts+1.1%+15.2%

Fifteen years at a glance

Fiscal years 2011 to 2025 and trailing twelve months, USD

Revenue

$6.85B+107.6% YoY

Gross profit

$5.09B+111.2% YoY

Operating income

$1.62B+46.3% YoY

Net income

$938.00M+29.0% YoY

EPS, diluted

$4.12-34.7% YoY
Reported periodTrailing twelve months

Press releases

Releases SM Energy filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About SM Energy

Crude Petroleum & Natural Gas

The company operates in the exploration and production sector of the energy industry, focusing on the exploration, development, and extraction of crude oil, natural gas, and natural gas liquids (NGLs). Its business activities are conducted through its exploration and production segment, delivering energy commodities primarily to large industrial purchasers and key major commercial customers under specialized commodity sales contracts.

Company profile, executives and history

SM Energy stock: common questions

What is SM Energy's stock price?

SM closed at $31.16 on Nov 11, 2026, up 5.56% on the day. Over the past 52 weeks it traded between $17.45 and $41.56.

What is SM Energy's market cap?

SM Energy was worth $7.41B at the close on Nov 11, 2026: the share price times the diluted shares outstanding.

What is SM's P/E ratio?

SM trades at 7.6 times earnings, based on diluted earnings per share of $4.12 over the twelve months to Sep 30, 2026.

How much revenue does SM Energy make?

SM Energy reported revenue of $6.85B for the twelve months to Sep 30, 2026, up 107.6% from a year earlier.

Does SM Energy pay a dividend?

Yes. SM Energy paid $0.80 per share over the last twelve months, a yield of 2.57% at the latest price, and has raised its annual dividend 4 years in a row.

When does SM Energy report earnings next?

SM Energy is expected to report Q4 FY2026 results on Feb 24, 2027, after the close. The date is estimated from its past reporting pattern until the company confirms it.

How has SM stock performed over the past year?

Including dividends, SM returned +66.5% over the past year, against +12.4% for the S&P 500.

How many SM shares are sold short?

13M shares were sold short at the latest FINRA report, 5.48% of the float, or 5.3 days of average trading volume.

Who are SM Energy's competitors?

Companies most similar to SM Energy by business, industry and size include PR, CRGY, AR, OVV, RRC.

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