Short answer
SM Energy Co (SM) filed its Q3 2025 10-Q quarterly report on Nov 3, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $812M (up 26.1% year over year) with net income of $155M.
Q3 2025 key financials · XBRL
- Revenue
- $812M
- +26.1% YoY · +2.4% QoQ
- Net income
- $155M
- −35.5% YoY · −23.1% QoQ
- Operating margin
- 30.4%
- EPS (diluted)
- $1.35
- −35.4% YoY · −22.9% QoQ
Source: XBRL data from the SM Energy Co (SM) Q3 2025 10-Q on SEC EDGAR. USD.
SM Energy Co Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Profitability or margin figures not mentioned
- No segment or product line performance data given
- No changes in cash position, operating cash flow, or capital deployment reported
- Management states Disclosure Controls effective, no material changes in internal control over financial reporting in Q3 2025
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
- Regulatory/legal risk: merger subject to shareholder approval and regulatory clearances, with uncertainty on timing and completion
- Operational risk: challenges in integrating Civitas assets including retaining key personnel, managing unknown liabilities, and business disruptions
- Financial risk: non-recurring merger-related transaction costs incurred in 2025 continuing into 2026, impacting near-term expenses
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other SM Energy Co quarterly reports
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.