SM Energy Company
SM
Jodie read · what matters now
Revenue increased 75.0% versus the comparable filing period.
The story is only the start. Jodie keeps watching the filing evidence, the companies connected to SM, and whether its market group begins moving.
Latest filing assessment · baseline
The latest filing presents a mixed picture
10-Q filed 2026-05-07 against the comparable filing from 2025-05-02.
What improved
- Revenue increased 75.0% versus the comparable filing period.
What weakened
- Operating income moved from a profit to a loss in the comparable period.
- Net margin fell 44.2 percentage points.
Filing receipts
“Operational and financial activities during the three months ended March 31, 2026, resulted in the following: • A net loss of $335 million, or $1.68 per diluted share, compared with net income of $109 million, or $0.95 per diluted share, for the three months ended December 31, 2025, primarily driven by a $697 million net derivative loss resulting from an increase in the forward oil price curves underlying our commodity derivative contracts as of March 31, 2026.”
“The YTD 2026-over-YTD 2025 increases in production revenue, production expense, and average net daily equivalent production are primarily due to the inclusion of approximately two months of activity from the assets acquired in the Civitas Merger in the first quarter of 2026.”
“The sequential quarterly increases in production revenue, production expense, and average net daily equivalent production are primarily due to the inclusion of approximately two months of activity from the assets acquired in the Civitas Merger in the first quarter of 2026.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Who this business touches
The relationships behind SM
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
Filing peers
Companies whose filings use similar operating language.
You can see the shape of the network here. Pro opens 7 more links, the original filing receipts, and alerts when connected names begin moving. See Pro →
What is moving around it
Live connections
SM is currently a Participant in the organic co-movement group Independent Oil Producers. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Theme membership history
No durable theme membership has been observed for this name yet.