Below are the financial statements of SM Energy, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Operating revenues and other income | — | — | — |
| Oil, gas, and NGL production revenue | 2,671.29a | 2,363.89a | 3,345.91a |
| Other operating income, net | 18.97a | 10a | 12.74a |
| Total operating revenues and other income | 2,690.26a | 2,373.89a | 3,358.65a |
| Operating expenses | — | — | — |
| Oil, gas, and NGL production expense | -636.97a | -563.54a | -620.91a |
| Depletion, depreciation, and amortization | -809.31a | -690.48a | -603.78a |
| Exploration | -64.12a | -59.48a | -54.94a |
| General and administrative | -138.34a | -121.06a | -114.56a |
| Net derivative (gain) loss | -49.96a | -68.15a | 374.01a |
| Other operating expense, net | 15.78a | 20.57a | 10.96a |
| Total operating expenses | -1,614.56a | -1,386.98a | -1,779.17a |
| Income from operations | 1,075.7a | 986.91a | 1,579.48a |
| Interest expense | -140.66a | -91.63a | -120.35a |
| Interest income | 31.9a | 19.85a | 5.77a |
| Loss on extinguishment of debt | -0.48a | 0a | -67.61a |
| Other non-operating expense | -0.23a | -0.93a | -1.53a |
| Income from before income taxes | 966.22a | 914.2a | 1,395.77a |
| Income tax expense | -195.93a | -96.32a | -283.82a |
| Net income | 770.29a | 817.88a | 1,111.95a |
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