SM Energy Income Statement Research

SM Stock  USD 49.05  0.37  0.76%   
Most accounts from SM Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into SM Energy current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out SM Energy Valuation and SM Energy Correlation analysis.
  
At this time, SM Energy's Total Operating Expenses is very stable compared to the past year. As of the 28th of March 2024, Income Before Tax is likely to grow to about 959.9 M, while Interest Expense is likely to drop about 56 M.
Most accounts from SM Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into SM Energy current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out SM Energy Valuation and SM Energy Correlation analysis.
At this time, SM Energy's Total Operating Expenses is very stable compared to the past year. As of the 28th of March 2024, Income Before Tax is likely to grow to about 959.9 M, while Interest Expense is likely to drop about 56 M.
 2021 2022 2023 2024 (projected)
Cost Of Revenue1.3B1.2B1.3B1.3B
EBITDA1.9B2.6B1.6B1.7B

SM Energy income statement Correlations

0.640.560.170.920.040.090.390.80.2-0.07-0.25-0.08-0.050.81-0.140.210.10.130.23-0.10.09
0.640.14-0.20.62-0.17-0.210.00.58-0.08-0.38-0.35-0.36-0.380.47-0.410.140.310.160.55-0.330.34
0.560.140.850.460.770.830.960.560.180.690.050.690.60.510.64-0.22-0.420.61-0.380.490.2
0.17-0.20.850.010.90.980.950.040.210.840.10.840.780.110.82-0.32-0.470.66-0.420.510.12
0.920.620.460.01-0.06-0.060.230.870.29-0.13-0.11-0.14-0.10.94-0.210.160.04-0.070.2-0.15-0.02
0.04-0.170.770.9-0.060.940.870.05-0.010.920.310.90.890.020.89-0.29-0.420.76-0.430.510.27
0.09-0.210.830.98-0.060.940.940.040.060.870.110.860.790.020.85-0.35-0.480.7-0.470.560.19
0.390.00.960.950.230.870.940.330.120.770.030.780.690.280.74-0.26-0.420.7-0.420.540.25
0.80.580.560.040.870.050.040.330.01-0.03-0.06-0.01-0.090.8-0.070.07-0.050.12-0.060.130.2
0.2-0.080.180.210.29-0.010.060.120.010.060.040.030.130.51-0.010.11-0.06-0.23-0.01-0.1-0.22
-0.07-0.380.690.84-0.130.920.870.77-0.030.060.590.990.930.020.99-0.41-0.60.67-0.560.580.02
-0.25-0.350.050.1-0.110.310.110.03-0.060.040.590.580.550.060.59-0.29-0.450.2-0.360.25-0.31
-0.08-0.360.690.84-0.140.90.860.78-0.010.030.990.580.870.01.0-0.48-0.660.7-0.620.650.02
-0.05-0.380.60.78-0.10.890.790.69-0.090.130.930.550.870.060.87-0.2-0.380.5-0.350.320.01
0.810.470.510.110.940.020.020.280.80.510.020.060.00.06-0.070.08-0.09-0.10.11-0.12-0.12
-0.14-0.410.640.82-0.210.890.850.74-0.07-0.010.990.591.00.87-0.07-0.49-0.660.69-0.620.650.0
0.210.14-0.22-0.320.16-0.29-0.35-0.260.070.11-0.41-0.29-0.48-0.20.08-0.490.92-0.330.24-0.280.15
0.10.31-0.42-0.470.04-0.42-0.48-0.42-0.05-0.06-0.6-0.45-0.66-0.38-0.09-0.660.92-0.360.48-0.460.24
0.130.160.610.66-0.070.760.70.70.12-0.230.670.20.70.5-0.10.69-0.33-0.36-0.370.580.54
0.230.55-0.38-0.420.2-0.43-0.47-0.42-0.06-0.01-0.56-0.36-0.62-0.350.11-0.620.240.48-0.37-0.94-0.15
-0.1-0.330.490.51-0.150.510.560.540.13-0.10.580.250.650.32-0.120.65-0.28-0.460.58-0.940.32
0.090.340.20.12-0.020.270.190.250.2-0.220.02-0.310.020.01-0.120.00.150.240.54-0.150.32
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SM Energy Account Relationship Matchups

SM Energy income statement Accounts

201920202021202220232024 (projected)
Interest Expense159.1M163.9M160.4M120.3M91.6M56.0M
Total Revenue1.6B1.1B2.6B3.3B2.4B2.5B
Gross Profit264.7M(49.6M)1.3B2.1B1.1B1.2B
Operating Income58.6M(218.5M)1.1B1.6B986.9M1.0B
Ebit58.6M(218.5M)1.1B1.6B937.7M984.6M
Ebitda882.4M566.4M1.9B2.6B1.6B1.7B
Cost Of Revenue1.3B1.2B1.3B1.2B1.3B1.3B
Income Before Tax(231.0M)(956.7M)46.2M1.4B914.2M959.9M
Net Income(187.0M)(764.6M)36.2M1.1B817.9M858.8M
Income Tax Expense(44.0M)(192.1M)9.9M283.8M96.3M101.1M
Non Recurring85.3M1.1B74.3M62.4M71.8M68.2M
Tax Provision(44.0M)(192.1M)9.9M283.8M96.3M101.1M
Interest Income159.1M163.9M160.4M120.3M19.9M18.9M
Net Interest Income(159.1M)(163.9M)(160.4M)(120.3M)(71.8M)(75.4M)

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When determining whether SM Energy is a strong investment it is important to analyze SM Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SM Energy's future performance. For an informed investment choice regarding SM Energy Stock, refer to the following important reports:
Check out SM Energy Valuation and SM Energy Correlation analysis.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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When running SM Energy's price analysis, check to measure SM Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SM Energy is operating at the current time. Most of SM Energy's value examination focuses on studying past and present price action to predict the probability of SM Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SM Energy's price. Additionally, you may evaluate how the addition of SM Energy to your portfolios can decrease your overall portfolio volatility.
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Is SM Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of SM Energy. If investors know SM Energy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about SM Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.013
Dividend Share
0.63
Earnings Share
6.86
Revenue Per Share
19.117
Quarterly Revenue Growth
(0.09)
The market value of SM Energy is measured differently than its book value, which is the value of SM Energy that is recorded on the company's balance sheet. Investors also form their own opinion of SM Energy's value that differs from its market value or its book value, called intrinsic value, which is SM Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SM Energy's market value can be influenced by many factors that don't directly affect SM Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SM Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if SM Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SM Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.