SM SM Energy Co

Q3 2025 10-Q

Filed: Nov 3, 2025Period ending Sep 30, 2025

Energy

Crude Petroleum & Natural GasSEC EDGAR

SM Energy Co (SM) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 3, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Management Discussion & Analysis

• Revenue and YoY change not disclosed in provided text
• Profitability or margin figures not mentioned

+3 more insights

Risk Factors

• New Merger risk: issuance of approx. 126.3M new shares causing dilution and potential stock price decline due to Civitas merger
• Most material update: $79B termination fee payable if merger agreement breached or competing transactions pursued

+3 more insights

Quarterly Financial Summary
XBRL

Revenue

$812M

▲ +26.1% YoY▲ +2.4% QoQ

Net Income

$155M

▼ -35.5% YoY▼ -23.1% QoQ

Operating Margin

30.4%

▼ -2105bp YoY▼ -682bp QoQ

Net Margin

19.1%

▼ -1826bp YoY▼ -632bp QoQ

ROE

3.3%

Total Assets

$9.1B

EPS (Diluted)

$1.35

▼ -35.4% YoY▼ -22.9% QoQ

Operating Cash Flow

$505M

▲ +11.7% YoY▼ -11.6% QoQ

Source: XBRL data from SM Energy Co Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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