SM SM Energy Co
FY2025 10-K
SM Energy Co (SM) filed its fiscal year 2025 10-K annual report with the SEC on Feb 26, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Management Discussion & Analysis
- • Revenue and reserves growth: Total net proved reserves increased to 678.3 MMBOE in 2024 from 604.9 MMBOE in 2023, driven by 103.2 MMBOE acquisition in Uinta Basin
- • Margin impact: Standardized measure of discounted future net cash flows decreased to $5,956M in 2025 from $7,268M in 2024, reflecting lower prices and higher costs
Risk Factors
- • Proved reserve estimates declined 56.2 MMBOE in 2025, increasing DD&A expense and impairments
- • Commodity price sensitivity: 10% SEC price decrease leads to 18.4 MMBOE (3%) reserve reduction
Financial SummaryXBRL
Revenue
$3.2B
Net Income
$648M
Operating Margin
31.7%
Net Margin
20.5%
ROE
13.5%
Total Assets
$9.3B
EPS (Diluted)
$5.64
Operating Cash Flow
$2.0B
Source: XBRL data from SM Energy Co FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on SM Energy Co
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.